SAN FRANCISCO - April 21, 2011
This month, in support of Earth Day, Wells Fargo & Company (NYSE: WFC) is encouraging people to save trees by going paperless. Information about how customers can make the transition to paperless banking is available through the Wells Fargo Environmental Forum (blog.wellsfargo.com/environment), which features green financial solutions and a "Financial Footprint Calculator." In addition, Wells Fargo is announcing an Online Statement Sweepstakes to win a Nissan Leaf, the first commercially available all-electric car.
"Many individual, small business, and commercial customers are surprised by the number of products and services Wells Fargo offers that can help reduce a carbon footprint," said Mary Wenzel, director of Wells Fargo Environmental Affairs. "We encourage everyone to explore the Environmental Forum, discover new ways to make their banking greener, and suggest other ideas to us. If we work together all of our actions can add up to make a tremendously positive environmental impact."
Announced a year ago, the Environmental Forum, published by Wells Fargo, offers an expanded range of resources for customers. The "Financial Footprint Calculator," by PayItGreen, a partnership organization of which Wells Fargo is a founding member, allows people to better understand how switching to electronic billing, statements and payments could reduce their environmental impact.
According to PayItGreen, if just 20 percent of households switched to electronic bills, statements and payments, 1.8 million trees would be saved annually.
To encourage more consumer and business customers to switch to Online Only Statements, Wells Fargo is also sponsoring the Spring Online Statements Sweepstakes through June 3, 2011. Customers have the chance to enter to win one grand prize of the 100 percent electric Nissan LEAFTM or $40,000, or one of five $5,000 prizes. NO PURCHASE IS NECESSARY. For complete details, including how to enter without signing up for Online Only statements, see the full rules at wellsfargo.com/springsweeps. Void where prohibited. Nissan LEAF is a trademark of Nissan Motor Company, Ltd. Nissan is not a participant in or sponsor of this promotion.
“Wells Fargo is committed to showing customers how they can reduce or eliminate paper in banking. By opting for online statement delivery, customers can join Wells Fargo in protecting our environment," said Martha Smolen, senior vice president, Wells Fargo Internet Services Group. “Online statements provide the added benefit of convenience, improved record keeping, and fraud prevention. As a financial institution, we're in an ideal position to help customers and team members make smart choices — not just from a financial perspective, but from an environmental one as well."
In addition to new resources and information on the Environmental Forum blog, Wells Fargo offers a Poll of the Month survey about paperless banking. A “paper or paperless personality” survey is also available on Wells Fargo Labs, where Wells Fargo engages with people and lets their experiences shape and enhance new and existing products through feedback.
To date, Wells Fargo has helped save nearly 200,000 trees through paper savings related to Online Only Statements and Envelope-FreeSM ATMs, according to estimates made using the Environmental Defense Fund "Paper Calculator," which is a component of the PayItGreen "Financial Footprint Calculator." These tree savings are accurate as long as paper statements aren't printed at home or the office. To further celebrate customers who've made the switch to paperless, Wells Fargo has once again partnered with the Arbor Day Foundation to plant trees in our nation's forests.
About Wells Fargo Online, Mobile & Text Banking
Wells Fargo is a leading provider of online and mobile financial services for individual consumers, small and middle market businesses, and large corporations with a full range of banking, money movement, investing, asset management, and other financial and risk management products. As of Q1 2011, Wells Fargo has 19.4 million active online customers and 5.5 million active mobile customers. Global Finance Magazine ranked Wells Fargo Best Consumer Internet Bank and Best Corporate/Institutional Internet Bank in North America (November 2010). Wells Fargo won the 2010 Future Mobile Award from Juniper Research (August 2010). Wells Fargo’s mobile banking services earned a Gold ranking in the Javelin Strategy & Research “2010 Mobile Banking Scorecard” (August 2010). In addition, Wells Fargo ranked #1 overall in the Keynote Fourth Quarter 2010 Mortgage scorecard.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 19 on Fortune’s 2010 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.