martha ochoa, katrina poston, jackie nguyen, jeanette j imenez, sonia s her

Martha Ochoa, Katrina Poston, Jackie Nguyen, Jeanette Jimenez, Sonia Sher

History• Opened since 1852• Founded by Henry

Wells and William G. Fargo

• Business started in gold rush port in San Francisco

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Checking Accounts

• Variety of accounts to fit your lifestyle• Students can get the “College Combo”• Value Checking is the generic way of banking• “Way2Program” helps you save• Link your checking & savings account together

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ATM

• Envelope free ATM• Receipts can be sent to email• Saves paper and thousands of trees

• Insert up to 30 bills and cash• 50 bills at once• 30 checks at once

• Get cash, up to $300

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ATM Cont.

• Forever stamps are now available • Money is charged to

any account linked to ATM/Debt card

• Cut off time are extended to 9 P.M

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Locations

• Over 6,600 Wells Fargo banking locations • More than 12,000 Wells Fargo ATMs• California • Banks: 821 • ATMs: 3250

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Locations Cont.

• Chase 25 states • Wells Fargo 40 states • 10 states that don’t have a Wells Fargo • Oklahoma, Missouri, Kentucky, west Virginia, Louisiana,

Massachusetts, Vermont, New Hampshire, Maine, Hawaii

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Way2Save Savings Account

• Interest rate: 0.01%• APY: 0.01%• Minimum deposit required• $100 deposit for a regular account• $25 for an Automatic Savings Account

• Way2Save protects your Wells Fargo checking accountfrom overdrafts

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Automatic Savings Options

• Save As You Go• $1 from checking's sent to savings when:• Make a debit card purchase• Pay bills online • Make automatic payments

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Automatic Savings Options Cont.

• Automatic Transfers• $25 sent monthly from checking to savings • $1 sent daily from checking to savings

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Mortgages

• What is a Mortgage?• A loan to finance the purchase of real estate• Usually with specified payment periods and interest rates. • The borrower gives the lender a lien on the property as collateral

for the loan.• How do I apply for a Mortgage?• You can start an application online • wait for a pre-approval.

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Down Payments

• What is The minimum down payment?• Minimum is 5%• Wells Fargo also has a low- down payment program• FHA- Mortgages for as little as 3.5% down.• VA mortgages have a no-down payment

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Interest Rates

• Interest rates are determined by the financial markets• Can change daily • Or multiple time within the same day.

• A rate lock gives you protection from financial market fluctuations• Could affect your interest rate range.

• A rate lock is optional.

APR= ANNUAL PERCENTAGE RATE & FHA= FEDERAL HOUSING ADMINISTRATION

Product Interest Rate APR30 – Year Fixed30 – Year Fixed FHA15 – Year Fixed5 – Year ARM5 – Year ARM FHA

3.500%3.250%2.750%2.250%2.250%

3.673%4.214%3.056%2.990%2.900%

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References

• Https://www.wellsfargo.com/• Https://www.wellsfargo.com/savings_cds/• http://www.wellsfargohistory.com/• http://

www.findabetterbank.com/bank-profile/Wells_Fargo_2236.html

Thank You!