Online Banking 411

If you’re a Wachovia Bank customer, you are probably wondering how the bank is doing now that it’s been taken over by Wells Fargo.  Here at Online Banking 411, we know that Wachovia check deposits can be a little confusing now that Wells Fargo is in charge.

For most people, direct deposits and other check deposits to existing Wachovia Bank accounts should proceed as they did when they were just a Wachovia deposit.  Slowly, over time, Wachovia check deposits and accounts are being changed into Wells Fargo accounts, but the routing and account numbers will likely remain the same with this transition.

In fact, if there are any accounts that Wells Fargo cannot convert from your current  Wachovia check deposits or Wachovia deposits or direct deposit Wachovia options, they will let you know in advance before they change so you can make arrangements to notify those who’ll need to know.

Overall, the process of converting from Wachovia to Wells Fargo has been smooth as more and more Wachovia deposit customers find themselves with Wells Fargo accounts and headers on their information and didn’t even know it had taken place.

Hopefully, all of your direct deposit Wachovia, Wachovia deposit and Wachovia check deposits will also go smoothly and without trouble.  As was Wachovia, Wells Fargo is a fully FDIC insured bank, to the extent of the law.  So you’re still in good hands.

Here at Online Banking 411, we know that sometimes you just can’t keep paying your loan payments and are facing default.  Today, we’re going to talk about Wachovia loan modification options.

Wachovia loan modification is a generous scheme for people that are facing bankruptcies are afraid of losing their homes. Wachovia is a major financial institution in the United States and still has significant financial stability to help its customers. People should not assume that they can totally offset their payments and emerge with the best financial health if they go for Wachovia loan modification offers. They can however turn their adjustable rate loans into fixed rate loans with flexible payment terms.

Wachovia loans can be adjusted and modified in a manner that is beneficial to both the parties. The easiest way of accessing loan modification is to work out a payment plan with the bank. Customers can discuss in detail their payment plans and the flexible terms they are looking for. They will have to prove to the bank authorities that they are living in the same house that they had taken mortgage for and that they have a genuine financial issue.

There are no hard and fast loan modification tips for Wachovia or any other bank but if people can establish their financial problems and if the market prices are way lower than the original value of mortgage then they will most likely quality for loan modification. They will have to prove a strong case with the company to establish their claims. A debt ratio of 40% to 45% is necessary to qualify for monthly payment that can be easily paid.

Here at Online Banking 411, we’re always looking at how we can help you make the most of Wachovia.  Today, we’re looking at savings accounts for a fresh update.

Wachovia online savings are now essentially Wells Fargo saving accounts because the latter has acquired Wachovia. Wells Fargo Bank offers a number of high yield money market accounts with most of them returning handsome profits. High Yield Money Market accounts at Wachovia offer a multitude of APY with an investment of under $5,000 returning an APY of 0.02%.

Savings at Wachovia under this High Performance Money Market account increase with the balance tier. An investment of $25,000 or higher returns an APY of 0.16% and an investment greater than $100,000 returns an APY of 0.30%. Highest returns are available for investments greater than $250,000 with an APY of 0.40%. Minimum online deposit required for High Performance account is $1,000 with the maximum online deposit of $75,000. The bank does not charge any fees for incoming online transactions though a standard fee of $3.00 is available for the outgoing online transfers.

Wachovia Online offers complete services for opening High Performance accounts. Customers can also go through details and specifications of the accounts along with interest rates and other rules and regulations. The elimination of paperwork has made the working of these accounts easier.

Premium Savings are another highlight of Wachovia’s money market accounts. This account offers economical savings option with the minimum deposit amount of $100. APY for these accounts start from 0.05%. Maximum deposit for Premium Savings account is $25,000. The account can be opened on Wachovia website and allows customer to do online transactions and withdrawals.

Wachovia Bank has been acquired by Wells Fargo and now essentially serves as a subsidiary of the latter. Here at Online Banking 411, we wanted to see how that’s changed online banking there.

Wachovia Bank online encompasses all the online features that are available on its parent’s website. It has incorporated the features that are of its parent while retaining some of the old schemes and investment options that were devised by the company when it was an independent, public listed corporation.

The main features of online banking at Wachovia include bill payments, account operations, higher investment options including brokerage and stocks, loans and insurance and retirement plans. Apart from the general features, Wachovia Bank Homepage also offers the standard features that are offered by other companies.

Customers can open their accounts by using different features of the company website and can also apply for loans. A separate section deals with retirement plans and savings options and another one deals specifically with lending schemes.

Wachovia online banking can be fully understood if a customer tries to delve deeper and explore all the investment option. An ordinary customer, who is not interested in all the exploration, can simply click on the relevant section of the website or conduct a basic search to reach his/her required section of the company.

Wachovia Bank offers the online chatting feature that enables customers to interact with company representatives and discuss their problems besides fielding questions about any particular branch of investment. The company also operates a call center for 24/7 customer assistance.

Here at Online Banking 411, we like to keep you appraised of the latest at Wachovia, including online banking and services.

Wachovia online checking is basically the process by which customers can open checking accounts with the bank without visiting any branch. They can do it over the company website by following the few basic procedures.

Wachovia checking online extends beyond the opening of accounts. The company offers a complete package when it comes to online banking apart from the basic facilities of checking account status and balance online and viewing online statements. Wachovia also offers the opportunity of viewing, saving and printing account statements of the last seven years.

Wachovia online banking services are divided into three main sectors. One is the general accounting sector where customers can open new checking and savings accounts and keep checks on their spending besides receiving regular updates either in emails or by simply logging into their accounts on the company website.

The second sector covered by Wachovia online banking is the money market and financial sector, including brokerage. Wachovia website offers all the details for investors that are looking for new investment options, stock markets and other plans.

The third sector is related to loans and retirement plans where the customers can find detailed information and can also complete online procedures to apply for new loans or a retirement scheme.

Common online features include the exchange and interest rates, bank news, rules and regulations and online chatting feature where customers can discuss their problems with the online representatives of Wachovia.

With just a few mouse clicks, Wachovia Bank Online services allow you to manage your money in a secure and easy-to-use system. For people who have very hectic schedules, it is the most convenient and safe way to do your banking. All you need is a computer and access to internet.

A diversified, wholly owned subsidiary of Wells Fargo based in Charlotte, North Carolina, Wachovia provides a broad range of banking, asset management, wealth management, and corporate and investment banking products and services.

Online banking with Wachovia provides you with the convenience so you have more time to do other more important things. Enroll yourself on the Online Banking with BillPay and you will be able to check your account activity and balances or view your statements online. You will also be able to manage your accounts through Wachovia Mobile. When you need to transfer funds between eligible accounts, you can do so online in less time. You can also pay your bills online as well as view the images of paid checks.

With Online Brokerage, you can access your investments, get real time quotes, place orders and confirm trades, keep track of the market, or even research a company or an entire industry. It is the easiest way to stay on top of the market and your investments. You can enroll any type of Wells Fargo Advisors brokerage account in Online Brokerage, as well as a Command Asset program, IRA, or standard brokerage account. If you are an active online trader, the new Wells Fargo Advisors Direct tiered commission schedule allows you to take advantage of lower trade commissions including lower per share price.

You have a 24-hour access to your account if you are a participant of a retirement plan with Wachovia through Wachovia Online Retirement Access. Through it, you can make adjustments or relocate contributions whenever you want. You can do all these and much more, with Wachovia Online Banking.

Banking with Wachovia Bank Online will make life a little easier and convenient.

At Wachovia Dealer Services, they are committed to exceptional service. It is a subsidiary of Wachovia Bank, N.A. Wachovia Dealer Services (WDS) is the country’s #3 auto lender and the #1 used-car lender, with regional offices servicing 47 states nationwide. They offer an integrated dealer services solution designed to help dealers sell more vehicles at greater profitability.

WDS provide an extensive credit range of lending to the auto industry; commercial, real estate and floorplan financing and a wide series of banking services through Wachovia Bank, N.A. They also offer F & I after-market products and services through Warranty Solutions, which is part of Wachovia Dealers Services group of companies. WDS has relationships with over 10,500 auto dealers and a consumer loan portfolio of $29 billion.

If you are in the market to refinance your auto loan or are looking for other types of vehicle and personal financing, WDS has the tools you could use. It is your one stop site for new loans or to manage your current loans. If you are looking to refinance your car because you have a high rate loan with another lender or if you just want to find out if refinancing is for you, their Auto Refinance is a valuable resource with easy processing and is convenient. With Auto Refinancing, you will be able to apply for your loan online. You will able to find pricing on new and used cars, trucks, and vans along with a used vehicle’s history before you begin shopping. If you are looking to buy an RV or a boat, this financial institution can help you make a RV, boat purchase or refinance needs through Financial Underwriters Network. They also have insurance products plus online credit monitoring.

For dealers wanting to drive their dealership to greater success, WDS has auto financing programs, commercial banking relationships with Wachovia Online Banking, warranty solutions, Guaranteed Asset Protection programs, plus other tools and services as well as dealer support programs to serve all your business needs.

Visit the Wachovia Dealer Services website to learn a lot more.

There are several Wachovia Philadelphia Bank locations to serve the many Wachovia customers. Based in Charlotte, North Carolina, Wachovia is now a wholly owned financial services subsidiary of Wells Fargo. Wells Fargo purchased Wachovia after a government-forced the sale to avoid a failure of Wachovia. The merger of Wells Fargo and Wachovia Bank charters is scheduled for completion in March 2010.

If you are near or within the 19132 zip code, there is a branch at Glenwood Financial Center on 2843 N Broad St. They have safe deposit boxes, 2 ATMs, night depository, and can entertain Spanish speaking customers. Office hours from Mondays to Thursdays are 9:00am to 5:00pm and on Fridays, its 9:00am to 6:00pm.

If you are near or within the 19123 zip code, there is a branch at Fishtown Financial Center on Two W Girard Ave. They have safe deposit boxes, 2 ATMs, night depository, and can entertain Spanish speaking customers. Office hours from Mondays to Thursdays are 9:00am to 5:00pm and on Fridays, its 9:00am to 6:00pm.

If you are near or within the 19130 zip code, there is a branch at Philadelphian Financial Center on 2401 Pennsylvania Ave. They have safe deposit boxes, 1 ATM, and night depository. Office hours from Mondays to Thursdays are 9:00am to 5:00pm and on Fridays, its 9:00am to 6:00pm.

If you are near or within the 19140 zip code, there is a branch at Nicetown Financial Center on 601 W Erie Ave. They have safe deposit boxes, 2 ATMs, night depository, and can entertain Spanish speaking customers. Office hours from Mondays to Thursdays are 9:00am to 5:00pm and on Fridays, its 9:00am to 6:00pm.

If you are near or within the 19102 zip code, there is a branch at Center Square Financial Center on 1500 Market St. They have safe deposit boxes, 3 ATMs, and night depository. Office hours from Mondays to Thursdays are 9:00am to 5:00pm and on Fridays, its 9:00am to 6:00pm.

All Philadelphia branches are closed on the weekends. Also, Wachovia Branches and Financial Centers will be closed on Monday, January 18, in observance of the Birthday of Martin Luther King, Jr.

Check Wachovia Online Banking for other Wachovia Philadelphia Bank locations.

This Wachovia CD rates update is out and available if you have been watching out for the particular information. Wachovia Bank customers who are thinking of getting into a safe investment would be able to use this information to make an informed decision.

Currently, Wachovia has three featured Fixed Rate CDs. These are the 23 month CD, 30 month CD, and the 37 month CD. All require a minimum deposit of $5,000 and a Wachovia Checking account. The 23 month CD has an interest rate of 1.14% with an APY of 1.15%. The 30 month CD has an interest rate of 1.73% with an APY of 1.75%, and the 37 month CD has an interest rate of 2.13% with an APY 2.15%.

Other Fixed Rate CDs are also available for a minimum opening balance of $1000. The 3 month CD has an interest rate of 0.01% with an APY of 0.01%. The 6 month CD has an interest rate of 0.25% with an APY of 0.25%. The 9 month CD has an interest rate of 0.35% with an APY of 0.35%. The 12 month CD has an interest rate of 0.40% with an APY of 0.40%. The 18 month CD has an interest rate of 0.60% with an APY of 0.60%. The 24 month CD has an interest rate of 0.70% with an APY of 0.70%.

These rates are accurate as of 01/12/2010 and apply for the full term of CDs opened as of 1/13/2010. A different rate may apply for CDs opened after this dates.

Visit Wachovia Online Banking for more details of Wachovia CD rates update in your area.

From Wells Fargo, the Wachovia Visa Platinum with Rewards Credit Card has a special introductory 0% fixed APR on balance transfers for 6 months. It also has no annual fee. Plus, you can earn and redeem points for great rewards with Wachovia Possibilities Rewards.

The promotional balance transfer APR is 0% fixed APR for 6 months from the account opening date on balance transfer transactions. After that, your variable Standard Purchase rate applies to any outstanding balance you may have. To start receiving the promotional rate, balance transfer transactions must occur within 3 months of opening the account. The 0% fixed promotional APR does not apply to card purchases or cash advances. It only applies to balance transfers, and balance transfers and purchases made by using the Promotional Convenience Checks that arrive with your Welcome Kit. Welcome Kit Checks used 3 months after opening the account to do a balance transfer or make a purchase will post to your account at your Standard Cash Advance APR. The Standard Cash Advance APR is 21.15% variable. If your account is consistently past due or you are always late at making monthly payments, the fixed promotional rate may increase. The Default/Penalty APR is 29.99% for all balances consistently past due or late monthly payments.

The Platinum with Rewards APR for purchases is 8.99% to 19.99% variable. The Standard Purchase APR is assigned at account opening and determined after your application and your credit history is reviewed.

Once your application is approved and have accepted Platinum with Rewards Credit Card account, you are automatically enrolled in the Wachovia Possibilities Rewards Program to earn points. Points will be earned based on net dollars of purchases at a rate of 1 point per dollar for Platinum with rewards. Points may be redeemed for travel merchandise, retail, and restaurant certificates and gift cards which may be redeemed with participating merchants. Check with Wachovia online banking for complete details.

The Wachovia Visa Platinum with Rewards Credit Card account terms and fees can be changed by Wachovia at any time for any reason.