Zelle Network℠ to bring fast, safe payments to more than 86 million customers at banks nationwide, within familiar mobile and online experiences
Wells Fargo & Company (NYSE:WFC) announced today that beginning June 24,
its 28 million mobile and online customers will have access to Zelle℠
person-to-person (P2P) payments through Wells Fargo Online® and Wells
Fargo Mobile®. Zelle allows customers to send and receive
payments with almost anyone with a U.S. bank account, using only the
recipient’s registered mobile phone number or email address. Funds sent
through Zelle are typically available in the recipient’s bank
account within minutes – ready to spend, withdraw, or transfer.
“The rollout of Zelle at banks across the country represents an
advance in the speed, connectivity and security of P2P payments, and
we’re excited to bring Zelle to our 28 million digital customers
starting June 24,” said Brett Pitts, head of digital for Wells Fargo
virtual channels. “As we’ve worked with other banks to develop and roll
out Zelle, we’ve already seen how much our customers love the
ability to safely and quickly send money to millions of people across
the country, all within the mobile and online experiences they already
use. We’re so excited for more of our customers to discover Zelle
in the weeks and months ahead.”
As of June 24, Wells Fargo customers will be able to use Zelle to
send, receive, and request money with mobile banking consumers across
the U.S. Zelle will replace the Wells Fargo SurePay service
on all of the bank’s platforms. According to Early Warning Services, the Zelle
Network handled more than 51 million transactions in just the first
quarter of 2017, representing nearly $16 billion in payments. Wells
Fargo customers initiated approximately 23% of that volume, sending more
than $3.7 billion through the Zelle Network in the first quarter
alone.
Wells Fargo Mobile is the company’s fastest growing channel, with more
than 20 million active customers. This year, Keynote awarded Wells Fargo
first place on its biannual Mobile Banking Scorecard, citing the bank’s
leadership in digital functionality, quality and availability, ease of
use and mobile app experiences. Additionally, Wells Fargo took first on
Keynote’s recent Bank Scorecard, which cited the company’s redesigned
Wells Fargo Online banking experience.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,600 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 36 countries and
territories to support customers who conduct business in the global
economy. With approximately 268,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. Wells Fargo
perspectives are also available at Wells
Fargo Blogs and Wells
Fargo Stories.