Wellsfargo launched its online banking service in 1989 and was the first bank to introduce access to banking accounts on the Web in May 1995. Using Wellsfargo's Online Banking, consumers can pay bills to anyone in the U.S., trade securities, view their account information, and transfer money between their Wellsfargo accounts and to other Wellsfargo account holders.
In addition to banking and trading online, the online service of Wellsfargo lets customers apply for new accounts and products, find the nearest ATM or branch, change their address, view canceled checks, deposits and statements, enroll in account alerts. Customers can even track their spending habits through Wellsfargo's My Spending Report and set and track savings goals with My Savings Plan. To protect customers from fraud, Wellsfargo introduced e-mail sent to their online banking or personal e-mail and send wireless alerts if high-risk transactions are detected.
Wellsfargo's Business Online Banking gives small business owners all the services available to consumers, plus access to reporting tools and services to help them manage their business finances. New offerings, such as account-based alerts, check images, spending reports, delegation, and payment suite functionality have been designed specifically for businesses.
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