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Media Contact: Doug Caldwell
(704) 715-2006

February 03, 2004
WACHOVIA DELIVERS ITS 50 MILLIONTH CHECK IMAGE

CHARLOTTE, N.C. - Wachovia Corporation has delivered its 50 millionth retail check image since the company started offering the online service in 2000.

Online check images allow customers to quickly access their posted checks any time through Wachovia's Online Banking Service. Customers use the service to verify payments or access checks for tax or business purposes.

"When we first offered this service, customers saw it as a convenience," said Ron Kerr, Wachovia's Internet director, Retail Products. "Now we know from customer feedback that this functionality is a crucial part of managing their day-to-day finances."

Wachovia launched online check imaging more than three years ago to serve the needs of retail and small business customers. The service is available free of charge to Wachovia Online Banking customers. Currently, more than 3.6 million customers are enrolled in Online Banking with almost 3 million checks viewed monthly.

"Wachovia has been well ahead of the retail check image and delivery curve for years," said Lawrence Baxter, chief eCommerce officer for Wachovia. "Being on the leading edge has enabled Wachovia to provide a service that relatively few banks currently offer."

In addition to simplifying reconciling monthly checking statements, Wachovia makes it easy for customers to access a posted check by logging on to Online Banking at www.wachovia.com/myaccounts, and from a transaction screen, clicking on the check number.

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 $401 billion, market capitalization of $61 billion and stockholders' equity of $32 billion at Dec. 31, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Its broker-dealer, 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.

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