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PRESS RELEASES


Contact:   Mary Beth Navarro
(704) 374-2292

August 18, 2004
Wachovia Rewards Consumers With Visa Extras

CHARLOTTE, N.C. - Wachovia's retail Check Card holders can now earn points when they use their Visa Check Card by enrolling in the Visa Extras rewards program.

"In the past, many customers have enjoyed rewards for their credit card purchases," said Jeanine Tabaczynski, director of Access Services for Wachovia. "Today, consumers have even more ways to earn rewards. Visa Extras lets Wachovia customers earn rewards for every dollar they spend with their Check Card when they sign for the purchase, rather than using cash or checks."

With Visa Extras, Check Card users earn points for everyday purchases, including gas, groceries, clothes, prescriptions, meals and entertainment. Cardholders earn one Visa Extras point for every $1 in qualifying purchases. These points can be redeemed for rewards such as gift cards and certificates for restaurants, hotel stays, rental cars and online and national retailers. Wachovia customers with a Visa Check Card can enroll in Visa Extras at www.wachovia.com/visaextras.

Wachovia's Check Card combines the flexibility of ATM access with the purchasing power of Visa. There is no monthly fee, and customers are protected by Visa's Zero Liability policy if their cards are ever lost or stolen.

"The Check Card helps our customers make purchases conveniently from their checking accounts at the point-of-sale," Tabaczynski said. "We are proud to partner with Visa to reward our customers for their loyalty."

Wachovia has offered Visa Extras for its business customers since November 2003.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $418.4 billion, market capitalization of $58.3 billion and stockholders' equity of $32.6 billion at June 30, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 12 million client relationships (including households and businesses), primarily in 11 East Coast states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states. Global services are provided through 32 international offices. Online banking and brokerage products and services also are available through wachovia.com.


ATTENTION WACHOVIA CUSTOMERS: To enroll in Visa Extras, please type www.wachovia.com/visaextras into the address bar of your Internet browser or call (800) 960-8472.


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