Wells Fargo Banking Services, Research Paper Example

Wells Fargo has very many ATMs all around the country that ensure that the customers can withdraw their cash at their convenience, even with the utilization of their mobile phones. Moreover, a client in the Wells Fargo bank is able to do about all transactions online in the banks website. These transactions include withdrawals, bills payment, and transfer of money from customers account to other accounts and banks.

The wells Fargo mobile banking applications provide the customers with some advantageous to customers in that the customers are able to know about any banking information with just a touch of their android cell phones. For example, the client will enquire about their mini-statements, deposits, and their cash transfers in seconds using the bank’s mobile applications.

The bank is very particular in dealing its customers in that it provides extraordinary customer services. For example, the customers are provided with cash advance very fast through their credit cards accounts. Moreover, they offer automatic payment plans from the client’s by automatically transfer of money from the bank accounts in instances of loans and bills (Rau, 2001). In addition, the bank connects with several insurance companies in that the client will directly transfer premiums from their accounts to the insurers. Wells Fargo also advices on retirement and investment of the members coupled with the management of wealth in terms of financial advice offered to their customers.

Their loans encompasses on helping all types of business including the small businesses at lower interest rates (Rau, 2001). The bank also offers merchant services like offering payments for commodities in advance. Moreover, loans, insurance, and employee payments are also sorted by the bank for small enterprises.

Being a member of the bank presents many benefits as provided above. A client will benefit from mobile banking, online bill paying services, easy account checking and monitoring, and many other services like easy insurance premium payments and claims as backed by the bank, not to forget about the quick loans.

For the commercial services, the bank offers the following, tailored financing, investing banking and equity markets, asset management, treasury management, employee benefits, and international business services.

References

Rau, M. (2001). The Wells Fargo Book of the Gold Rush. New York, NY: Atheneum Books for Young Readers