SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC), in recognition of Earth Day, is encouraging its banking customers nationwide to make the switch to online-only statements. That simple action can result in a net positive environmental impact compared to traditional banking with paper-based statements.
Since 2006, Wells Fargo customers who have selected to receive their banking statements only online have helped save more than 60,000 trees according to estimates made using the Environmental Defense paper calculator (http://www.edf.org/papercalculator/). These savings are real, provided customers do not print online statements at home. Since statements are easily accessible online for seven years, and fully downloadable, printing may not be necessary.
“We are focused on saving resources in our own operations and finding ways to work together with our customers to help protect our environment,” said Mary Wenzel, director of Environmental Affairs. “We’re highlighting online-only statements today because choosing them is an easy everyday action that nearly all of our customers can take. It is similar to bringing a reusable shopping bag to the grocery store – it’s that simple and in aggregate can make a meaningful difference.”
Pay It Green, an industry alliance organized to promote online banking, including online-only statements, estimates that an average household with online services could save seven pounds of paper, 60 gallons of waste water and five gallons of gas each year. (http://www.payitgreen.org/get-the-facts.html)
To encourage customers to make the switch, Wells Fargo is hosting a sweepstakes. Wells Fargo customers who make the switch and people, who enter the sweepstakes, become eligible for a chance to win* $10,000 for themselves and $10,000 for one of three environmental nonprofit organizations: Earthwatch Institute, Trust for Public Land and Nature Conservancy. Details about the sweepstakes are located at: (https://www.wellsfargo.com/wfonline/statements_springsweep/).
“At Wells Fargo, nearly 70 percent of all consumer checking accounts are managed online,” said Joy Marshall, head of Online Banking for Wells Fargo. “Customers tell us that they value the convenience and savings of services such as online statements. Wells Fargo allows multiple statements to be viewed, paid and archived, which makes it easy for individuals and businesses to eliminate paper usage regarding their Wells Fargo banking accounts. Best of all it helps save energy and diverts waste from landfills, which is good for everyone.”
Other ways Wells Fargo can help customers protect the environment through financial products and services include (partial list):
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 11,000 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. has the highest credit rating currently given to U.S. banks by Moody’s Investors Service, “Aa1,” and Standard & Poor’s Ratings Services, “AA+.” For more about Wells Fargo’s environmental achievements: www.wellsfargo.com/environment.
*NO PURCHASE OR PAYMENT OF ANY KIND IS NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES. SIGNING UP FOR ONLINE ONLY STATEMENTS DOES NOT IMPROVE THE CHANCES TO WIN. Sweepstakes runs on www.wellsfargo.com/springsweep from 12:01 AM PT on 4/16/09 to 11:59 PM PT on 5/31/09 ("Promotion Period"). OPEN TO LEGAL RESIDENTS OF THE CONTINENTAL U.S. WHO ARE WELLS FARGO CUSTOMERS 17 YEARS OF AGE OR OLDER AS OF 4/15/09. One sweepstakes entry will be automatically given to the primary account holder for each eligible personal or business online-only statement signed up for during the Promo Period. Odds of winning depend upon the total number of automatic and mailed entries received. For complete Sweepstakes Rules, including how to enter by mail without signing up for Online Statements, see a banker at any participating Wells Fargo or go to https://www.wellsfargo.com/wfonline/statements_springsweep/rules. Void where prohibited.