Wells Fargo & Co. plans to become the first US bank to offer online safes as a convenient and secure place to store important digital documents.
The vSafe service, set to debut this summer, will be aimed at consumers looking to store digital photographs and electronic copies of personal documents, such as birth certificates and mortgage papers. Users will be able to retrieve their documents from any internet-connected computing device at anytime and from anywhere. All documents will be encrypted using the same technology the bank employs to safeguard other types of account data.
Wells Fargo will charge about USD180 per year for the largest online safe. Monthly fees will range from USD4.95 for 1 gigabyte of storage to USD14.95 for six gigabytes.