How To Use Wells Fargo Online Bill Pay For Your Mortgage

Having a mortgage payment automatically deducted from your bank account each month is a convenient option offered by most lenders, including Wells Fargo. But did you know Wells Fargo also lets you make one-time mortgage payments online through its bill pay service? Read on to learn how Wells Fargo Online Bill Pay works for mortgage payments and the key benefits it provides homeowners.

Overview of Wells Fargo Online Bill Pay

Wells Fargo Online Bill Pay is a free service available to Wells Fargo customers with eligible checking savings, debit card and credit card accounts. It allows you to pay bills from those accounts to thousands of companies and individuals.

With Bill Pay, you can schedule one-time or recurring payments to established “payees”. For mortgage payments, you would set up Wells Fargo Mortgage as a payee in the system. Payments are delivered either electronically or by paper check based on the payee’s preference.

Key features of Wells Fargo Online Bill Pay include:

• Pay bills without writing checks, buying stamps, or mailing payments
• Schedule one-time or recurring payments on your own schedule
• Receive email confirmations when payments are sent
• Access payment history to track bills paid
• Available via Wells Fargo website or mobile app

There are no monthly service fees to use Online Bill Pay. It can be a convenient option for making mortgage payments from your Wells Fargo account.

Setting Up Wells Fargo Mortgage as a Payee

Before you can pay your mortgage through Bill Pay, you first need to establish Wells Fargo Mortgage as a payee in the system. Here are step-by-step instructions:

1. Login to your Wells Fargo Online account at wellsfargo.com

2. Under the “Payments & Transfers” menu, select “Bill Pay”

3. Click on “Add a company or person”

4. Search for “Wells Fargo Mortgage” and select when it appears

5. Enter your 10-digit Wells Fargo mortgage account number

6. Add any optional nickname to easily identify the payee

7. Click “Add Payee” to complete setup

Wells Fargo Mortgage will now be established as a payee in your Bill Pay account. You can return anytime to schedule one-time or recurring mortgage payments.

Making One-Time Mortgage Payments

When you need to make a one-time mortgage payment in addition to your regular auto-draft, Wells Fargo Bill Pay offers a quick option. Follow these instructions:

1. In Bill Pay, choose “Send money to a payee”

2. Select Wells Fargo Mortgage from your payee list

3. Enter the payment amount

4. Pick the account you want funds withdrawn from

5. Choose the delivery date for your one-time payment

6. Select “Make payment” to complete the transaction

The payment will be delivered to Wells Fargo Mortgage by the date you specified as long as you have sufficient funds available.

Tips for Paying Your Mortgage with Bill Pay

• Schedule payments at least 5 business days before your due date to ensure on-time delivery.

• You can schedule payments up to 18 months in advance.

• Set up email alerts to be notified when a payment is sent or preparing to send.

• If your monthly payment changes, update the payment amount with Bill Pay.

• Monitor your account balance to ensure available funds for scheduled payments.

• Contact Wells Fargo Mortgage if you have any questions about your account or bill pay transactions.

Benefits of Paying Your Mortgage Online

Utilizing Wells Fargo’s Online Bill Pay system for mortgage payments has several notable benefits:

It’s free to use

There are no monthly service fees, transaction fees or other charges to use Wells Fargo Bill Pay. The convenience of paying your mortgage online comes at no extra cost.

Flexible payment options

You can set up recurring payments to send automatically each month. Or make one-time payments as needed on your schedule. Bill Pay gives you payment flexibility.

Avoid late mortgage payments

When you schedule payments through Bill Pay, the money is automatically withdrawn from your Wells Fargo account on the date you specify. This helps avoid forgetting a payment or sending it late.

Track payment history

Your Bill Pay account stores a record of all mortgage payments made. This makes it easy to reference past transactions and confirm payments were received.

Access anywhere

Manage Bill Pay through Wells Fargo’s website or mobile app. Schedule mortgage payments at home or on the go from your smartphone or tablet.

Get payment alerts

Opt to receive email notifications when a mortgage payment is processed or preparing to send through Bill Pay. Alerts help you stay informed.

Seamless payee setup

No need to hunt down account numbers or payment info. Wells Fargo Mortgage seamlessly connects to your Bill Pay account for quick setup.

Paying Your Mortgage at Wells Fargo Branches

While Wells Fargo Bill Pay offers a convenient online mortgage payment option, you can also make payments in person at Wells Fargo branches.

To pay your mortgage at a branch, you’ll need:

• Wells Fargo mortgage account number
• Government-issued photo ID
• Payment amount owed
• Acceptable payment method: cash, check, money order

Wells Fargo has over 5,000 branch locations nationwide. Use the branch finder tool on their website to locate one nearby.

When paying at a branch, allow sufficient time to avoid late payments. In-person payments only credit to your mortgage account once the funds are received and processed at your servicer’s payment center.

Ways to Avoid Mortgage Payment Issues

As a Wells Fargo mortgage holder, there are a few proactive steps you can take to avoid payment issues or getting behind:

• Enroll in account alerts to be notified if a scheduled payment fails or your balance becomes critically low.

• Review account balances frequently to ensure available funds for automatic payments.

• Contact Wells Fargo immediately if a financial hardship may prevent you from making timely mortgage payments. They have options to help avoid default or foreclosure.

• Update your contact info with Wells Fargo so they can reach you about any payment concerns.

• Set payment reminders on your calendar so you remember when your mortgage is due each month.

Staying actively engaged with your mortgage account status enables you to address any potential problems early before they become major issues down the road.

Getting Mortgage Payment Assistance from Wells Fargo

If an unexpected financial hardship makes it difficult for you to keep up with your mortgage payments, Wells Fargo offers assistance options. Contact them as soon as possible to discuss your unique situation.

Some of the mortgage payment help they may be able to provide includes:

• Payment extensions to give you more time to make past-due payments

• Repayment plans to spread missed payments over several months

• Loan modifications to adjust the interest rate or payment amount

• Partial claim loans providing an interest-free loan to reinstate a delinquent account

• Forbearance temporarily reducing or pausing mortgage payments

The sooner you reach out to Wells Fargo, the more options they have to get your mortgage back in good standing. Their goal is helping customers stay in their homes.

Additional Wells Fargo Mortgage Resources

Managing your mortgage doesn’t have to be stressful or complicated. Wells Fargo provides many useful resources and tools to help homeowners:

• Online account access – View statements, make one-time payments, set alerts and more through Wells Fargo Online Banking.

• Mobile app – Download the Wells Fargo mobile app to manage your mortgage on-the-go from your smartphone.

• Mortgage dashboard – Your online account has a customized dashboard with helpful loan details, interactive tools and account management features.

• Customer service – Bank specialists are available by phone if you need account support or have mortgage questions.

• Financial education – Wells Fargo provides online articles and videos to increase your money management savvy as a homeowner.

• Community support – If property repairs or natural disasters impact your financial situation, Wells Fargo partners with nonprofits to assist mortgage holders.

As one of the nation’s largest mortgage lenders and servicers, Wells Fargo strives to provide homeowners the tools and resources they need for mortgage success. Don’t hesitate to take advantage of their available support if challenges arise.

The Bottom Line

Paying your mortgage online using Wells Fargo’s free Bill Pay system can save time and give you more payment control each month. Setting up recurring payments helps automate the process and avoid late payments. The ability to make one-time mortgage payments as needed is an extra convenience Bill Pay offers homeowners. Just remember the key tips like allowing enough time for delivery and checking your account balance before payments. With a few simple steps, Wells Fargo Bill Pay can streamline your monthly mortgage responsibilities.