Expanded view of their Wells Fargo accounts helps customers better
track and plan their finances
CHARLOTTE, N.C.--(BUSINESS WIRE)--
Wells Fargo & Company (NYSE:WFC) today announced that customers with
plans and Health Savings Accounts (HSA)
offered by Wells Fargo are now able to see their accounts in one central
view on wellsfargo.com along with information from their other Wells
Fargo accounts. The integration will help customers have a full picture
of their financial assets, which will help them plan their finances and
prepare for retirement.
Having a view of all their Wells Fargo account balances, including
checking, savings, investment, loan, insurance, credit, and now
employer-sponsored retirement plans and HSAs, helps Wells Fargo
customers to monitor their assets and make sure they are meeting their
financial goals. They can quickly identify savings opportunities and use
alerts throughout the month to keep on top of their finances.
"Companies that hire us to provide benefit plan services have embraced
this integration with basic accounts, recognizing their employees want
to see all this information in one view," said Joe Ready, director of
Wells Fargo Institutional Retirement and Trust. "The participant or
employee wants a holistic view of his or her financial picture, and that
includes their 401(k)-type plan and HSA account. Having all their
accounts displayed on wellsfargo.com
can help customers better assess their overall financial health."
"We believe that showing a 401(k) plan and HSA in one place can help
people foster healthy savings behaviors," said Elizabeth Ryan, head of
Wells Fargo's Health Benefit Services. "Our data shows Wells Fargo
401(k) participants with a Wells Fargo HSA have a 55 percent higher
average balance than those without. As a planning vehicle for
retirement, HSAs are a great complement to customers' existing
strategies because funds in an HSA can be used tax-free for a broad
range of everyday and unexpected medical expenses between now and
In addition to offering an easier way to manage employer-sponsored
retirement plans and HSAs by using wellsfargo.com, customers can also
access their information through the Wells Fargo Mobile® app
on their smart phones or tablets and through text messages.
To learn more about Wells Fargo HSAs, visit https://www.wellsfargo.com/hsa.
To learn more about Wells Fargo employee retirement benefits, visit https://www.wellsfargo.com/com/retirement-employee-benefits/retirement.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified,
community-based financial services company with $1.5 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, and the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank's
customers who conduct business in the global economy. With more than
270,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 25 on
Fortune's 2013 rankings of America's largest corporations. Wells
Fargo's vision is to satisfy all our customers' financial needs and help
them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
Source: Wells Fargo & Company