Secure, affordable international money transfers to 13 countries in Latin America and Asia
Need to send money overseas conveniently and affordably? Wells Fargo’s ExpressSend lets you send money to 13 Latin American and Asian countries through Wells Fargo’s network members in each region. 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 pickup at an agent location.
Send one-off transfers with moderate daily limits
With the ExpressSend service by Wells Fargo you can send up to $5,000 per day to more than a dozen different countries. Opening a bank account to send a transfer is a high bar to jump, especially when you have to go into a branch or call Wells Fargo to send funds for the first time. Both steps could prove too inconvenient for some.
Wells Fargo is best for:
- One-off transfers. Since recurring international transfers aren’t available, Wells Fargo is best for one-offs.
- When you have some extra time. For those who haven’t used ExpresSend before, you may have to go into a local branch to set up your first transfer.
- Limited destinations. Only 13 countries are currently available as destination points.
How much will I pay to transfer money with Wells Fargo?
ExpressSend is a free service to sign up for, but Wells Fargo charges fees and skews the exchange rate when transfers are made in order to make money. Fees will vary based on the location you’re sending money to, and how much you’re sending.
Sending $1,000 to China could attract a transfer fee of $7, while sending the same amount to India would have a $0 transfer fee. Check out our review of World First here and take advantage of their exclusive $0 fee offer.
Who charges less? Independent transfer services usually win out over banks when it comes to fees. There are several providers who will send a transfer for free with competitive exchange rates, including OFX, HiFX and World First.
Check out our review of World First here and take advantage of their exclusive $0 fee offer.
What types of transfers can I make with Wells Fargo?
You have two options when it comes to sending money internationally with Wells Fargo:
- ExpressSend. Make one-time transfers that can go directly to a bank account or be picked up in cash.
- Wire transfer. Make one-time bank-to-bank transfers.
Which countries can I send money to with Wells Fargo?
Wells Fargo allows you to transfer funds to the following countries with ExpressSend:
- El Salvador
- Dominican Republic
What are the transfer limits?
Wells Fargo allows you to send a minimum of $25 when using its ExpressSend feature. The daily maximum amount you can send is $5,000, and the maximum for a consecutive 30-day period is $12,500.
Daily limits will also vary among partnered network members, and range from $500–$5,000. Some network members also have monthly maximums and transaction limits. As an example, Bancomer in Mexico has the following limits:
- $500 per day for cash pickup
- $1,500 per day for credit to account
- $1,000 per calendar month for cash pickup
- $5,000 per 15 consecutive days and $10,000 per calendar month for credit to account
- 5 transactions per 7 consecutive days
- 15 transactions per 30 consecutive days
How can I send money overseas with Wells Fargo?
Sending money overseas with Wells Fargo’s ExpressSend is quick and easy. The first time you use ExpressSend, you’ll need to set up the transaction at Wells Fargo branch or by phone. You can initiate subsequent transfers online, over the phone or at your local branch.
To get started, give the bank a call or drop in at your local branch to discuss your transfer requirements. You’ll then need to complete an ExpressSend Service Agreement, which includes:
- Your recipient’s name, address and phone number, along with the transfer network member to which your money should be sent.
- How you’d like your recipient to receive the money you send — either deposited directly into their bank account or made available for cash pickup.
What is Wells Fargo?
Wells Fargo was founded by Henry Wells and William Fargo in San Francisco during the heady gold rush days of 1852. Though it started out serving the West, this American financial institution now has a nationwide base and some $1.7 trillion in assets. Through a network of 8,700 locations, 12,500 ATMs and online and smartphone platforms, Wells Fargo does business with approximately 70 million customers across the United States.
Wells Fargo does business with one in three US households and has operations in 36 countries around the world. 2014 was a big year for Wells Fargo as it was named “Most Respected Bank” by Barron’s magazine and also won the award for “Best U.S. Bank” from The Banker magazine.
As the eighth-biggest public company in the world, Wells Fargo is the number-one retail mortgage lender in the United States and the number-one small business lender. From everyday banking accounts and credit cards through to foreign currency exchange, Wells Fargo offers a wide variety of products and services to its customers.
What other products does Wells Fargo 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 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 to manage a wide range of payments.
- Mortgage loans. Own your next home sooner through a wide range of flexible loan features.
- Other loans. Wells Fargo offers auto loans, student loans, personal loans and home equity loans.
- Insurance. Insurance solutions 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.
What are customers saying about Wells Fargo?
Wells Fargo is not accredited with the Better Business Bureau (BBB), and currently has a letter grade of NR (No Rating) as it responds to previously closed customer complaints. Of the 357 total customer reviews on the BBB site, 96% of them are Negative. Most reviews focus on dissatisfaction around customer service and products.
You can reach customer service for ExpressSend at any time by calling 1-800-556-0605. Your local branch may also be able to provide you with the support you need.