Wells Fargo announced the reduction of interest rates on its fixed-rate student loan products ranging from 0.25% to 0.51%. Students may qualify for rates as low as 6.24%. In addition to the new rate reduction, borrowers may qualify for additional discounts including a rate discount up to 0.50% with an existing customer relationship. Click here for more information.

Wells Fargo launched the CEO Mobile Deposit service for commercial and corporate clients available through the CEO Mobile iPhone application. The new service allows customers using an iPhone to capture check and money order images and deposit funds to their Wells Fargo commercial and corporate bank accounts anywhere, anytime. There is no additional cost for current Desktop Deposit customers. Users can enter optional location information to make it easier to identify deposits. Click here for more information.

Wells Fargo is now offering fixed-rate pricing on student loans with interest rates as low as 7.75% and no origination fees. The new pricing option is available for Wells Fargo Collegiate Loans, Wells Fargo Student Loans for Parents, Wells Fargo Student Loans for Career and Community Colleges, and Wells Fargo Private Consolidation Loans. Click here for more information.

Wells Fargo customers who switch to online-only statement delivery will automatically receive one sweepstakes entry for every eligible Wachovia or Wells Fargo account converted. One grand prize winner will receive a 100% electric Nissan LEAF™ SL or $40,000 and five additional winners will receive $5,000. Qualifying personal accounts include checking, savings, credit card, mortgage, personal loans, home equity loans and lines of credit, and student loans.
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WellsOne Commercial Card customers can now manage their accounts and capture expenses with their smartphones. Commercial Card Expense Reporting (CCER) will be available through the CEO Mobile service and will give customers the ability to add out-of-pocket expenses, view charges, and check available credit right on their smartphones. WellsOne Commercial Card program administrators can view and edit credit limits and review declined transactions. Click here for more information.

For a  limited time only, Wells Fargo is offering a bonus relationship discount of up to 0.50% on home equity financing. The promotion is valid for new home equity loan applications of $25,000 to $416,000 submitted online, by phone, or through Wells Fargo branches in California. Click here for more information.