Wells Fargo Launches First Student Funds

Disbursement Program at Texas A&M University

New Program Offers Students Choices and Simplifies University Operations

COLLEGE STATION, Texas, June 8, 2009 – Wells Fargo today announced the launch of its first Student Funds Disbursement Program at Texas A&M University on April16. The program, which directs students to a website to select how they receive financial aid or other refund payments from the university, streamlines the university’s operations by outsourcing payment preference collection and payment processing.

“This new program significantly reduces the administrative support required to process more than 100,000 student refund payments annually,” said Texas A&M Vice President for Finance and Chief Financial Officer Terry Pankratz. “We are pleased to continue working with Wells Fargo to simplify our operations while offering students access to a complete selection of financial services to meet their needs, today and after they leave the university.”

Under the new program, students can choose to have their refunds deposited directly to any domestic checking or savings account, or they can choose to receive a check in the mail. Students who opt to have their refunds deposited directly into their Wells Fargo account enjoy the benefit of the fastest available refund processing and the option to access their refunds with the new Aggie Bucks Unlimited Gold debit card – the only debit card designed exclusively for the Texas A&M University community. Launched in January of this year, the Aggie Bucks Unlimited Gold Card offers:

-          No-fee PIN and signature-based purchase capability everywhere Visa^® debit cards are accepted, including grocery stores, restaurants, and gas stations — even internet and phone purchases.

-          Enrollment into Wells Fargo’s optional Exclusive Rewards^® Program for Check Card.

-          Free access to over 12,000 Wells Fargo^® and Wachovia ATMs.

In addition to the customized debit card, Wells Fargo offers accounts designed especially for today's busy college students—such as the Wells Fargo College Checking^® account—and tools to make it easier for students to manage their money.

“In the same way that the university helps to prepare its students for their careers, Wells Fargo wants to help them succeed financially.” said Carol Gravis, Wells Fargo Community Banking president based in Bryan, TX. “This new program is just one of many ways we team up with Texas A&M University to streamline processes for both the university and its students.”

Wells Fargo has been working with Texas A&M University since 1998, and began collecting student preferences and processing student refund disbursements in April 2009.

About Wells Fargo
In Texas, Wells Fargo has 550 Community Banking stores and more than 8,000 team members Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.