Take advantage of secure and affordable international money transfers to 13 countries across Latin America and Asia with the Wells Fargo ExpressSend Service
If you need to send money overseas to friends and family quickly, safely and without breaking the bank, Wells Fargo can help. Its ExpressSend Service allows you to transfer funds to 13 Latin American and Asian countries through Wells Fargo’s remittance network members in each region.
All transfers are fast and secure, and you have the option of depositing funds directly into your recipient’s bank account or making it available for collection from their nearest agent location.
Who is Wells Fargo?
Wells Fargo is one of the leading names in the banking industry in the US and around the world.
Founded in San Francisco in 1852, Wells Fargo has grown to boast a huge nationwide presence and some $1.7 trillion in assets. With some 70 million customers across America and globally, Wells Fargo operates a network of 8,700 branches, more than 12,500 ATMs and roughly 260,000 employees.
It offers a hugely diversified range of financial products and services to its customers, including everything from everyday transaction accounts and credit cards through to insurance, foreign currency solutions and business banking products. Named “Best U.S. Bank” by The Banker magazine in 2014, Wells Fargo is the eighth-biggest public company in the world.
How can you send money overseas with Wells Fargo?
Sending money overseas with the Wells Fargo ExpressSend Service is a quick and easy process. To get started, give the bank a call or drop into your local branch to discuss your transfer requirements. You’ll then need to complete an ExpressSend Service Agreement which includes:
- The name, address and telephone number of your recipient, along with the remittance network member to which your money should be sent.
- Your recipient’s address.
- Your recipient’s telephone number
- How you would like your beneficiary to receive the money you send – the funds can either be deposited directly into their bank account or made available for cash pickup
Once you’ve finalized these details Wells Fargo will set up the transfer to ensure that your money is sent safely and securely. The first time you use the ExpressSend Service you will need to set up the transaction at a Wells Fargo store. You can also set up the transfer over the phone if you satisfy certain eligibility requirements. Subsequent transactions can be arranged online, over the phone or in store.
Wells Fargo allows you to transfer funds to the following countries: Mexico, Guatemala, El Salvador, Honduras, Nicaragua, the Dominican Republic, Colombia, Ecuador, Peru, the Philippines, India, Vietnam, and China.
Pros and cons of using Wells Fargo
- Trusted provider. Wells Fargo is a global brand and a trusted name in the banking and financial services industry.
- Transfer options. ExpressSend transfers can be lodged over the phone, online or in store, and you have the option of depositing them into your recipient’s account or making them available for cash pickup.
- Send from your bank account. Funds are sent from your eligible Wells Fargo checking or savings account, meaning it’s quick and easy to start sending international money transfers.
- Not worldwide. The ExpressSend Service only offers transfers to 13 countries in Asia and Latin America.
What other products do they offer?
- Checking accounts. Use a Wells Fargo checking account to efficiently and affordably manage your day-to-day finances.
- Savings accounts. Save for your financial future or even your retirement with a Wells Fargo savings account.
- Credit cards. Whether you want a basic credit card or one with a whole host of added extras, Wells Fargo can help.
- Debit and prepaid cards. Wells Fargo’s debit and prepaid cards allow you to take charge of your finances and manage a wide range of payments.
- Mortgage loans. Own your next home sooner and enjoy a wide range of flexible loan features.
- Other loans. Wells Fargo also offers auto loans, student loans, personal loans and home equity loans.
- Insurance. Insurance solutions available from Wells Fargo include auto, life, homeowners, renters and umbrella liability cover.
- Investing. Manage your investment portfolio across a range of financial instruments online or with advice from Wells Fargo.
Frequently asked questions
Can I use the ExpressSend service for business payments?
No, this service is only available for payments between consumers. If you’re looking for solutions to your international business payment problems, contact Wells Fargo for more info.
Where can I send funds to?
ExpressSend offers transfers to Mexico, Guatemala, El Salvador, Honduras, Nicaragua, the Dominican Republic, Colombia, Ecuador, Peru, the Philippines, India, Vietnam, and China.
How much does it cost to transfer money with ExpressSend?
Fees vary depending on sending/receiving locations, and transfer amounts. You can use the ExpressSend Remittance Cost Calculator on the Wells Fargo website to get an accurate estimate of how much you’ll be spending in fees.
Who are the remittance network members in Mexico?
Transfers to Mexico can go through Bancomer, Grupo FAMSA, Banorte, Banco Santander, Bansefi, Scotiabank, SORIANA, or Telecomm Telegrafos.
How much can I transfer?
Different transfer limits apply depending on where you are sending your money and to which remittance member. For example, transfers to Peru through BBVA Banco Continental attract a $500 daily transfer limit, while transfers through Interbank have a $1000 limit. Meanwhile, transfers to India go through ICICI Bank or HDFC Bank are are allowed up to a maximum of $5,000 per day.
In what currencies can I send transfers?
Transfers to most countries are made in USD with the exception of: Colombia, the Dominican Republic, Honduras, Guatemala, India, Mexico, and the Philippines. Transfers to those countries will be made in their currency.
The Wells Fargo ExpressSend Service offers a simple and cost-effective solution when you need to send money to specific countries in Asia or Latin America. However, it’s always a good idea to compare the features and benefits of a range of money transfer services before you decide on the best way to send your funds.