Description
Allows you to schedule automatic withdrawals timed to match your paycheck cycle.
Benefits
- Simplifies budgeting by paying your mortgage automatically
- Conveniently enables you to split payments among four different accounts
- Can conveniently pay off principal faster
- May reduce the total interest paid over the life of your mortgage loan
How it works
Match your mortgage payment withdrawal with these available payday cycles
- Monthly
- Twice a month (1/2 total payment)
- Every other week (1/2 total payment)
- Weekly (1/4 total payment)
Payments made weekly, every other week, and twice a month are treated as partial payments and may not be applied to your mortgage until full payment is received. A partial payment is anything less than the amount due on your billing statement.
If you choose the weekly or every-other-week option, withdrawals in addition to the amount needed to cover your monthly mortgage payments will naturally occur 2 to 5 times per year. The additional withdrawn funds will be automatically applied to your principal balance – helping you pay off your mortgage faster. Twice a month withdrawals do not create additional partial payments that can be applied to reducing your principal loan balance.
What you need to enroll
Any checking or savings account
Enrollment options
- Online: Sign on and use the Transfer & Pay tab to Pay WF Accounts.
- By phone: Read and agree to the Terms and Conditions; and call us at 1-866-386-8519.
- By fax: Download and complete the enrollment form (PDF); fax it to 1-866-287-6241.

Convenient online payment features
We have options through Wells Fargo Online® to make paying your mortgage easier.