by Anthony Brown

Created on: July 11, 2011   Last Updated: July 13, 2011

            A chameleon of blue and green turns to orange and red. This resembles the stagecoach which arose over banners across the Southern East of the United States. Wells Fargo Company, whose banking legacy of stability dates back through history to 1852, merged with Wachovia. Similar to a tiger that changes their environment for sense of fear and survival, the bond of these two financial entities gives structure for growth in dramatic economic times. Much like a blending of two environments, the change of the two financial businesses has remained smooth.

            Numbers on customers’ accounts have not changed, nor have service charges been applied for checking and ATM service. Although phone banking before the merge used to allow use of both account numbers and customers' access numbers, now only account numbers are utilized. The transition of Washington Mutual to Chase seemed much harsher for the individual, Chase did add checking fee base on monthly deposit balance. Account information given on the automotive system for Wells Fargo is not as inclusive or specific as it was with Wachovia. This makes it a less attractive tool for practical everyday household budgeting. Moreover, on-line banking remains to be a course desired by most financial institutions. All on-line banking for pre-existing Wachovia customers is easily convenient for conversion.

            Bank to Bank Transfer Services need to be set up for the advance security measures by September 10, 2011. Bills which are withdrawn from account for payment will happen five business days earlier than they were with Wachovia. This may affect on-line bill payments made after June 13, 2011. Account history for already Wachovia on-line customer will date back seven years. Customers who receive only paper statement will only receive prior 90days of bank history on-line, unless they registered on-line before June 11, 2011. The Central Florida’s merged takes place during the middle of June 2011. The schedule for the rest of the areas of the state for conversion is during July 2011. Wells Fargo has done a good job in making the transition casual and painless. They encourage registration for on-line banking simple and timeless when walking into a local banking branch. None is wiser to where the system may grow after the month of

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