Wells Fargo

Wells Fargo review by ForexTrading.biz experts, If you want to invest with WellsFargo.com bank then you should read this WellsFargo review, Finding out all you need to know about Wells Fargo online banking like what are Wells Fargo fees or how to do Wells Fargo Login. Additional Reviews can be perused on the website which include the following Wells Fargo online banking review.

Wells Fargo Review

Wells Fargo & Company is an American international banking and financial services holding company headquartered in San Francisco, California, with “hubquarters” throughout the country^. It is the world’s second-largest bank by market capitalization  and the third largest bank in the U.S. by assets.  In July 2015, Wells Fargo became the world’s largest bank by market capitalization, edging past ICBC, before slipping behind JP Morgan Chase in September 2016, in the wake of a scandal involving the creation of over 2 million fake bank accounts by Wells Fargo employees. Wells Fargo surpassed Citigroup Inc. to become the third-largest U.S. bank by assets at the end of 2015. Wells Fargo is the second-largest bank in deposits, home mortgage servicing, and debit cards. The firm’s primary U.S. operating subsidiary is national bank Wells Fargo Bank, N.A., which designates its main office as Sioux Falls, South Dakota. Wells Fargo in its present form is a result of a merger between San Francisco–based Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998 and the subsequent 2008 acquisition of Charlotte-based Wachovia. Following the mergers, the company transferred its headquarters to Wells Fargo’s headquarters in San Francisco and merged its operating subsidiary with Wells Fargo’s operating subsidiary in Sioux Falls. Along with JPMorgan Chase, Bank of America, and Citigroup, Wells Fargo is one of the “Big Four Banks” of the United States. As of December 31, 2015, it had 8,700 retail branches and 13,000 automated teller machines. The company operates across 35 countries and has over 70 million customers globally. 

Current Wells Fargo Online Banking Operations

Wells Fargo delineates three different business segments when reporting results: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement.

Wells Fargo Community banking

The Community Banking segment includes Regional Banking, Diversified Products, and Consumer Deposits groups, as well as Wells Fargo Customer Connection (formerly Wells Fargo Phone Bank, Wachovia Direct Access, the National Business Banking Center, and Credit Card Customer Service). Wells Fargo also has around 2,000 stand-alone mortgage branches throughout the country. There are mini-branches located inside of other buildings, which are almost exclusively grocery stores, that usually contain ATMs, basic teller services, and, space permitting, an office for private meetings with customers. In March 2017, Wells Fargo announced a plan to offer smartphone-based transactions with mobile wallets including Wells Fargo Wallet, Android Pay and Samsung Pay.

Wells Fargo Consumer lending

As of Q3 2011, Wells Fargo Home Mortgage was the largest retail mortgage lender in the United States, originating one out of every four home loans. Wells Fargo services $1.8 trillion in home mortgages, the second largest servicing portfolio in the U.S. It was reported in 2012 Wells Fargo reached 30% market share for US mortgages, however, the then-CEO John Stumpf had said the numbers were misleading because about half of that share represented the aggregation of smaller loans that were then sold on in the secondary market. In 2013, its share was closer to 22%; of which eight percentage points was aggregation.

Wells Fargo private student loans

Wells Fargo private student loans are available to students to pay for college expenses, such as tuition, books, computers, or housing. Loans are available for undergraduate, career and community colleges, graduate school, law school and medical school. Wells Fargo also provides private student loan consolidation and student loans for parents.

Wells Fargo Wholesale banking

Its wholesale banking segment contains products sold to large- and middle-market commercial companies, as well as to consumers on a wholesale basis. This includes lending, treasury management, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and capital markets and investment banking services through Wells Fargo Securities. One area that is very profitable to Wells Fargo, however, is asset-based lending: lending to large companies using accounts receivable and inventory as collateral, though less traditional assets are often included in the collateral package. Historically, this type of lending has been done when normal routes of raising funds, such as the Capital Markets or unsecured bank loans, have been exhausted. The main business unit associated with this activity is Wells Fargo Capital Finance. Wells Fargo also owns Eastdil Secured, which is described as a “real estate investment bank”, but is essentially one of the largest commercial real estate brokers for very large transactions (such as the purchase and sale of large Class-A office buildings in central business districts throughout the United States).

Wells Fargo Equipment lending

Wells Fargo has various divisions that finance and lease equipment to different types of companies. One venture is Wells Fargo Rail, which in 2015 completed the purchase of GE Capital Rail Services and merged in with First Union Rail. Wells Fargo Equipment Finance is the country’s largest equipment financer and nearly doubled in size after it purchased GE Capital’s equipment finance division effective March 1, 2016.

Wells Fargo offers investment products through its subsidiaries, Wells Fargo Investments, LLC and Wells Fargo Advisors, LLC, as well as through national broker/dealer firms. Mutual funds are offered under the Wells Fargo Advantage Funds brand name. The company also serves high-net-worth individuals through its private bank and family wealth group.

Wells Fargo Advisors is the brokerage subsidiary of Wells Fargo, located in St. Louis. It is the third largest brokerage firm in the United States as of the third quarter of 2010 with $1.1 trillion retail client assets under management.

Wells Fargo Advisors was known as Wachovia Securities until May 1, 2009, when it legally changed names following the Wells Fargo’s acquisition of Wachovia Corporation.

Wells Fargo Securities

Wells Fargo Securities (“WFS”) is the investment banking division of Wells Fargo & Co. The size and financial performance of this group is not disclosed publicly, but analysts believe the investment banking group houses approximately 4,500 employees and generates between $3 and $4 billion per year in investment banking revenue. By comparison, two of Wells Fargo’s largest competitors, Bank of America and J.P. Morgan Chase generated approximately $5.5 billion and $6 billion respectively in 2011 (not including sales and trading revenue).WFS headquarters is in Charlotte, North Carolina, with other U.S. offices in New York, Minneapolis, Boston, Houston, San Francisco, and Los Angeles, and international offices in London and Hong Kong.

Wells Fargo Cross-selling

A key part of Wells Fargo’s business strategy is cross-selling, the practice of encouraging existing customers to buy additional banking products. Customers inquiring about their checking account balance may be pitched mortgage deals and mortgage holders may be pitched credit card offers in an attempt to increase the customer’s profitability to the bank. Other banks have attempted to emulate Wells Fargo’s cross-selling practices (described by The Wall Street Journal as a hard sell technique);  Forbes magazine describes Wells Fargo as “better than anyone” at the practice.

Wells Fargo International operations

Wells Fargo provides banking services throughout the world, with offices in Hong Kong, London, Dubai, Singapore, Tokyo, Toronto. They operate back-offices in India and the Philippines with more than 3,000 staff.

Wells Fargo Charter

Wells Fargo operates under Charter #1, the first national bank charter issued in the United States. This charter was issued to First National Bank of Philadelphia on June 20, 1863, by the Office of the Comptroller of the Currency. Traditionally, acquiring banks assume the earliest issued charter number. Thus, the first charter passed from First National Bank of Philadelphia to Wells Fargo through its 2008 acquisition of Wachovia, which had inherited it through one of its many acquisitions.

Wells Fargo Dealer Services

Wells Fargo bank announced a plan to re-mediate auto loan customers who may have been financially harmed due to issues related to auto Collateral Protection Insurance (CPI) policies on their loan between 2012-2017.

The Wells Fargo Dealer Services Inc is an auto finance lender, provides integrated financial services for consumers and dealers. The company offers indirect auto financing, real estate, and floor plan financing. It also provides commercial services, such as credit services, deposit and treasury management solutions, insurance services, wealth-building strategies, and employee benefits. “Wells Fargo Dealer Services Inc” was formerly known as “Wachovia Dealer Services Inc” and changed its name to “Wells Fargo Dealer Services Inc” in March 2010. The company was founded in 1988 and is based in Irvine, California with regional offices in the United States.

Wells Fargo Online Banking

Wells Fargo Online Banking you have access your checking, savings and other accounts, pay bills online, monitor spending & more. As a Wells Fargo customer, you have free, secure access to your accounts online. Sign on to Wells Fargo Online Banking anytime, anywhere you have internet access.

Wells Fargo App 

Wells Fargo offers two different mobile applications for use by its clients which are the Wells Fargo Mobile that was specifically designed for novice or casual investors and the Wells Fargo Mobile Trader which was designed for more experienced and active traders. 

Some functionality features could ideally be shared between the two mobile apps for more efficient trading, but both are available for a variety of handheld mobile devices, including Androids, iPhones and other Smartphones and electronic devices.

Wells Fargo Customer Support Service 

Wells Fargo customer services are exceptional since it maintains a professional staff of customer service representatives that are available 24/7 via telephone, email or live chat, as well as at any Wells Fargo location of 126 satellite offices throughout the United States.  

Wells Fargo Login

For login to Wells Fargo Bank you can visit the broker website, After sign up you can check your email and do Wells Fargo login.

Wells Fargo Stock Price

Wells Fargo Bank listed at NYSE Stock exchange, If you want to buy Wells Fargo shares you can see the Wells Fargo share price at NYSE stock exchange.

Wells Fargo Hours

Wells Fargo Trading hours of operation coincide with the global financial markets. Online CFDs and Forex trading is available from Sunday 5 p.m. to Friday 5 p.m., New York time.

Wells Fargo US Address

The Wells Fargo bank corporate offices address are below:

Corporate Head Offices
Wells Fargo
420 Montgomery Street
San Francisco, CA 94104

Auto Finance
Wells Fargo Auto Finance
P.O. Box 29704
Phoenix, AZ 85038-9704

Checking and Savings Accounts
Wells Fargo Bank
P. O. Box 6995
Portland, OR 97228-6995

Consumer Credit Card Services
Wells Fargo Card Services
P.O. Box 51193
Los Angeles, CA 90051-5493

Home Equity
Wells Fargo Home Equity
P.O. Box 10335
Des Moines, IA 50306-0335

Please Note: If you wish to contact Wells Fargo bank in writing to assert an error or make an information request, you must use the address above.

Home Mortgage
Wells Fargo Home Mortgage
P.O. Box 10335
Des Moines, IA 50306-0335

Please Note: If you wish to contact Wells Fargo bank in writing to assert an error or make an information request, you must use the address above.

Online Customer Service
Wells Fargo Customer Service
P.O. Box 560948
Charlotte, NC 28256

Student Loans
Wells Fargo Education Financial Services
P.O. Box 5185
Sioux Falls, SD 57117-5185

Wells Fargo Phone Number

The Wells Fargo Contact Numbers is:

Wells Fargo General Banking

1-800-869-3557
24 hours a day, 7 days a week

Wells Fargo Online

1-800-956-4442
24 hours a day, 7 days a week

Deaf or Hard of Hearing Customers

TDD/TTY: 1-800-877-4833, 24 hours a day, 7 days a week
Telecommunications Relay Services calls accepted

Wells Fargo UK Address

The Wells Fargo contact address in London UK is: Plantation Place, 30 Fenchurch St, London EC3M 3BD.

Wells Fargo UK Phone Number

The Wells Fargo UK phone number is:  020 7149 8100

Wells Fargo Routing Number

The Wells Fargo International Wire Routing Transit Number is:
121000248. SWIFT Code: WFBIUS6S. Bank Name: Wells Fargo Bank.

Wells Fargo Reviews Conclusion 

Wells Fargo offers its account holders a wide selection of investment products that include futures, forex, equity funds, bond funds, international and commodity funds that offer the opportunity for commission free trades and reasonable expense ratios for creating a diversified and successful investment portfolio. 

Wells Fargo Bank offers several trading platforms, one of which was recently revamped to include a fully customizable interface which strengthened its functionality and enhanced trading capabilities for every level of trader.  The firm offers an all-encompassing education center, trading tools, streaming market news and mobile applications for a variety of handheld mobile devices.   

Low minimum account deposit requirements on some types of accounts enable new investors to start trading with limited risk, which makes Wells Fargo the best choice overall for newbies. 

Overall, Wells Fargo Bank offers everything needed to research, formulate, place and track trades of a variety of assets in American marketplaces. The firm does not offer foreign investments and only provides options on American based stocks, bonds, etc.

Feel free to share this Wells Fargo Online Banking Review with family, friends and colleagues who may be interested in growing earnings through investments and visit our website www.forexsq.com frequently for the latest news and developments in the international world of financial investments.