Wells Fargo to Launch Zelle P2P Payments Experience to 28 Million Digital Customers June 24

Zelle Network℠ to bring fast, safe payments to more than 86 million customers at banks nationwide, within familiar mobile and online experiences

The screen shot depicts the Zelle experience that will go live in Wells Fargo's mobile app on June 24. (Graphic: Business Wire)

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SAN FRANCISCO--()--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.

Contacts

Wells Fargo & Company
Kris Dahl, 612-667-7271
kristopher.a.dahl@wellsfargo.com

Release Summary

Starting June 24, Wells Fargo customers will have access to Zelle, allowing them to send/receive money with almost anyone with a U.S. bank account.

Contacts

Wells Fargo & Company
Kris Dahl, 612-667-7271
kristopher.a.dahl@wellsfargo.com