Press Releases

With the launch of Wachovia Mobile^TM, Online Banking customers can:

• View and monitor account activity.
• Check account balances.
• Transfer funds between eligible accounts.

"Wachovia Mobile^TM offers a user-friendly experience to Wachovia's online customers, and we are excited to be the first major bank to offer this innovative service," said Gloria Chance, chief eCommerce officer. Customers can access Wachovia Mobile^TM, by visiting wachovia.com/mobile using their Internet-enabled handheld device and logging in using their Online Banking user ID and password. Customers can also log in through wachovia.com and select the Wachovia Mobile^TM link. 

"Launching Wachovia Mobile^TM illustrates Wachovia's commitment to meeting the ever-changing needs of our customers," Chance said. "Delivering exceptional customer service and offering innovative products to all Wachovia customers are our top priorities."

The initial phase of Wachovia Mobile^TM is available to customers who have devices using Windows Mobile 5 with Pocket Internet Explorer. Wachovia is working to make Wachovia Mobile^TM available to customers with devices using other operating systems. Wachovia Mobile^TM offers the same level of security as Wachovia Online Banking.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Including the Golden West merger, which closed on October 1, 2006, Wachovia has retail and commercial banking operations in 21 states with 3,400 retail banking offices from Connecticut to Florida and west to Texas and California. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 737 offices in 49 states and service affiliate offices in Latin America, and corporate and investment banking in selected industries nationwide. Other nationwide businesses include mortgage lending in 39 states and auto finance covering 46 states. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. At September 30, 2006, Wachovia had assets of $559.9 billion and market capitalization of $88.2 billion. On the same date, based on pro forma data, Wachovia's combined assets were $706 billion and combined market capitalization was $107 billion.