Wells Fargo International Transfer: Exchange Rates, Fees, and Transfer Times
Author: Artiom Pucinskij
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Wells Fargo is great for a current account, but when it comes to international transfers, they’re a bit behind the competition.
Wells Fargo charges $25 - $50 per international transfer, a $15 receiving fee, and adds ~6% to the exchange rate.
This means a $1000 transfer to the Philippines would cost you around $109.99 vs $9.46 with a money transfer service such as Wise.
You can use Wells Fargo to send money abroad, but it will be cheaper and quicker to use it to fund a Wise account and send money from there.
Wells Fargo for international wire transfers
Here’s an overview of Wells Fargo’s international transfers, and how they compare to money transfer companies.
Transfer type | Wells Fargo | Money Transfer Companies |
|---|---|---|
Sending fees | $25 - $50 per transfer | $0 - $20 |
Receiving fees | $15 per transfer | $0 |
Exchange Markup | Around 6% | 0% - 2% |
Transfer Times | 1 - 5 business days | Instant - 3 business days |
Payment Methods |
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Compare now to get the best transfer rate
You can send money using your Wells Fargo account through a money transfer provider to save on fees. Fill in the form to get the most out of your transfer.Scoring Wells Fargo
It’s important to consider lots of things when making a transfer with Wells Fargo.
The obvious consideration is cost, but there’s also customer service quality, how easy it is to transfer money with Wells Fargo, and how quickly your money will arrive.
While transferring with your checking account may seem easier than using another provider, you might be surprised.
International transfers with your bank can take a long time, and often you’ll need to visit your local branch to be able to authorize them.
We’ve looked at and analyzed the exchange rates, transfer costs, support, and online user reviews. Here’s a quick summary of the top highlights and drawbacks.
- Well-known, big name in the US banking industry
- Lots of traditional, physical branches make it easy to visit in person if that’s your thing
- Wire transfers can be completed online
- International transfers are expensive. You pay the fee for sending and receiving money, plus the foreign exchange rate markup.
- Transfers tend to be slow, taking anything up to seven business days to complete
- There are strict limits on how much you can send abroad
Wells Fargo fees and exchange rates
Fees and rates
Exchange rates
Like a lot of traditional banks, Wells Fargo adds a markup to the mid-market exchange rate when you make an international transfer.
On average, we found that they add a 6% markup to the exchange rate, meaning you’ll get 6% less money back on your exchange than you would if you used the mid-market exchange rate.
Here are a few examples of where we got it from.
Amount | Wells Fargo rate | Mid-market rate | Markup |
|---|---|---|---|
1 USD | 15.98 MXN | 17.10 MXN | 6.55% |
1 USD | 51.08 PHP | 56.04 PHP | 9.72% |
1 USD | 0.76 GBP | 0.79 GBP | 4.78% |
*Calculated on 28/02/2024.
Can you exchange money for what it’s actually worth?
However, Wells Fargo does offer ExpressTransfer service, which limits the location and transfer limits but is much cheaper for smaller transfers.
Let’s take a look at the example below.
Practical example
Let’s assume you are making a $1,000 transfer from the US to Mexico BVAA bank.
According to Wells Fargo, the exchange rate is 1 USD = 18.1925 MXN via ExpressTransfer, as well as a $6.00 fee on top. This means you will need to deposit $1,006 and will receive 18,192.50 MXN.
In comparison, using Wise you could send money at the mid-market rate (1 USD = 18.3848 MXN) and pay a 0.35% fee. This means you will send $1,000 ($996.50 minus the fee) and receive 18,320.45 MXN.
Meaning, you deposit less and get more with a money transfer company.
Here's how online reviews reflect Wells Fargo fees in comparison to Wise.
International transfer fees
Wells Fargo charges for incoming international wire transfers.
Receiving an international wire transfer into your Wells Fargo account costs $15. This isn’t uncommon; a lot of traditional banks charge a fee for receiving wire transfers.
They also charge a foreign transaction fee, these range from $4 - $30 per transfer, depending on your transfer method and where you’d like to send the money.
International wire transfers have a flat fee of $30.
While, bank deposits and cash transfers with ExpressSend are a bit cheaper, between $4 and $8 per transfer (for example, sending $1,000 from the US to Mexico will cost you $6).
Below is a summary of the transfer fees and rate markups on Wells Fargo wire transfers. We’ve compared them to two transfer providers, Wise and Xe, to put them into context.
Transfer amount | Wells Fargo | Wise | Xe | |||
|---|---|---|---|---|---|---|
FX margin (approx) | Fees | FX margin | Fees | FX margin (approx) | Fees | |
$250 | $16.37 | $30 | Mid-market rate | $5.77 | $2.25 | $3 (variable). |
$1,000 | $65.50 | $30 | Mid-market rate | $10.33 | $9 | None |
$5,000 | $327.50 | $30 | Mid-market rate | $37.57 | $45 | None |
*Fees taken 28/02/2024.
We've also looked at what online users have to say about Wells Fargo in terms of fees (and how it compares to Wise).
Transfer speed
Transfer speed
On average, international transfers with Wells Fargo take around 2-7 business days.
Most money transfer providers are quicker than this, with Wise and Xe being some of the fastest transfer providers out there.
As for the user reviews, it looks like Wells Fargo's transfer speed is worse than money transfer provider Wise, averaging around 1/5.
Transfer limits
Transfer limits
The daily transfer limit varies depending on where you’d like to send the money, ranging from $600 to $5,000 for bank credits, and $500 to $1,500 for cash pickup.
There’s a consecutive 30-day limit on all transfers of $12,500.
Wire transfers are limited to $25,000 per transfer, but this can be lifted in some cases if you visit a Wells Fargo branch.
All these amounts are on the low side when compared to most transfer providers. Global66 for example has the strictest limits at $15,000 per transfer, with some providers like TorFX and OFX having no upper transfer limits.
Similar to what we found, lower transfer limits are mentioned in user reviews. On average Wells Fargo is rated as 1/5 for transfer limits.
Product offering
Product offering
Wells Fargo lets you send money abroad by wire transfer, credit deposit, or cash for pickup.
Bank deposits and cash transfers are available through ExpressSend, but this can only send money to 12 countries around the world.
Wire transfers are managed by Wells Fargo directly. They cost $30 each, and add a markup of about 6% to the exchange rate.
Keep in mind
You can send money from your Wells Fargo account to an international money transfer provider. Transfer providers are cheaper than sending wire transfers with your bank, and they’re often faster too.
There’s no fee for buying foreign currency with Wells Fargo, but there is a markup of around 6% on the mid-market exchange rate.
You can buy more than 50 different currencies with Wells Fargo, including:
Currencies |
|---|
🇦🇺 Australian Dollar (AUD) |
🇧🇧 Barbadian Dollar (BBD) |
🇧🇷 Brazilian Real (BRL) |
🇬🇧 British Pound Sterling (GBP) |
🇧🇳 Brunei Dollar (BND) |
🇧🇬 Bulgarian Lev (BGN) |
🇨🇦 Canadian Dollar (CAD) |
🇰🇾 Cayman Islands Dollar (KYD) |
🇵🇫 CFP Franc (XPF) |
🇨🇱 Chilean Peso (CLP) |
🇨🇳 Chinese Yuan (CNY) |
🇨🇴 Colombian Peso (COP) |
🇨🇷 Costa Rican Colón (CRC) |
🇨🇿 Czech Koruna (CZK) |
🇩🇰 Danish Krone (DKK) |
🇩🇴 Dominican Peso (DOP) |
🇪🇺 Euro (EUR) |
🇫🇯 Fijian Dollar (FJD) |
🇬🇹 Guatemalan Quetzal (GTQ) |
🇭🇰 Hong Kong Dollar (HKD) |
🇭🇺 Hungarian Forint (HUF) |
🇮🇸 Icelandic Króna (ISK) |
🇮🇳 Indian Rupee (INR) |
🇮🇱 Israeli New Shekel (ILS) |
🇯🇲 Jamaican Dollar (JMD) |
🇯🇵 Japanese Yen (JPY) |
🇯🇴 Jordanian Dinar (JOD) |
🇰🇪 Kenyan Shilling (KES) |
🇰🇼 Kuwaiti Dinar (KWD) |
🇲🇴 Macanese Pataca (MOP) |
🇲🇾 Malaysian Ringgit (MYR) |
🇲🇽 Mexican Peso (MXN) |
🇹🇼 New Taiwan Dollar (TWD) |
🇳🇿 New Zealand Dollar (NZD) |
🇳🇴 Norwegian Krone (NOK) |
🇴🇲 Omani Rial (OMR) |
🇵🇰 Pakistani Rupee (PKR) |
🇵🇪 Peruvian Nuevo Sol (PEN) |
🇵🇭 Philippine Peso (PHP) |
🇵🇱 Polish Złoty (PLN) |
🇷🇴 Romanian Leu (RON) |
🇸🇭 Saint Helena Pound (SHP) |
🇸🇦 Saudi Riyal (SAR) |
🇸🇬 Singapore Dollar (SGD) |
🇿🇦 South African Rand (ZAR) |
🇰🇷 South Korean Won (KRW) |
🇸🇪 Swedish Krona (SEK) |
🇨🇭 Swiss Franc (CHF) |
🇹🇭 Thai Baht (THB) |
🇹🇷 Turkish Lira (TRY) |
🇦🇪 United Arab Emirates Dirham (AED) |
🇺🇸 United States Dollar (USD) |
🇺🇾 Uruguayan Peso (UYU) |
You can order these as cash, or request them online, via mobile, in a branch, or over the phone.
Online
You can order foreign currency via Wells Fargo Online. Log into online banking, go to Accounts, and select ‘Foreign currency cash’.
Mobile
You can order your foreign currency via the Wells Fargo Mobile app. Tap the Menu button, tap Account Services, and choose ‘Foreign Currency’.
In-person
If you’ve got an account with Wells Fargo, you can go to your local branch and order foreign currency for pickup. You won’t be able to get your currency right away.
By phone
You can contact Wells Fargo using their phone number, 1-800-626-9430. Lines are open Monday - Friday 8 am - 8 pm, and Saturday 10 am - 5 pm, Eastern Time.
They can arrange for your foreign currency to be delivered to your home address or your local branch.
Similar to other areas of this review, Wells Fargo is rated 1/5 on average for the product features. Companies like Wise outperform traditional banks due to their innovative, online only approach.
Ease of use
Ease of use
In terms of ease of use, Wells Fargo is just like any regular bank. Online reviews suggest they have a decent offering and an easy-to-use platform (even when compared to money transfer providers).
Customer service
Wells Fargo offers a lot of support options, here's a table summarizing the options:
Support Option | Description | Availability |
|---|---|---|
Customer Service Phone | General customer service for personal banking | 24/7 |
Online Banking Support | Help with online banking issues | 24/7 |
Mobile Banking Support | Assistance with the Wells Fargo mobile app | 24/7 |
Lost or Stolen Cards | Report lost or stolen debit/credit cards | 24/7 |
International Access Codes | Toll-free international customer service | Varies by country |
Social Media Support | Customer service via Twitter and Facebook | Typically responds within 24 hours |
Mailing Address | Contact through traditional mail | Standard mail delivery times |
Secure Message Center | Send secure messages via online banking | 24/7 |
Branch/ATM Locator | Find the nearest branch or ATM | Online tool available 24/7 |
Virtual Assistant (Erica) | AI-powered virtual assistant for quick queries | 24/7 |
Appointment Scheduling | Schedule in-person or virtual appointments | Online scheduling tool available 24/7 |
You can use the following details to contact Wells Fargo:
Customer Service Phone Number (U.S.): 1-800-869-3557
Online Banking Support Number: 1-800-956-4442
Lost or Stolen Cards: 1-800-869-3557 (Debit) / 1-800-642-4720 (Credit)
International Access Codes: Varies by country, available on Wells Fargo's website
Social Media: Twitter (@Ask_WellsFargo) and Facebook (Wells Fargo)
Mailing Address: Wells Fargo, PO Box 6995, Portland, OR 97228-6995
There are not many reviews for Wells Fargo support, however, it seems to be generally in line with money transfer operators. Unfortunately, in both cases, it seems to be the main pain point for the users and almost a standard in the industry.
Safety and trust
Safety and trust
Wells Fargo, as one of the biggest banks in the US is safe to use and is regulated by the Central Bank of Ireland and the OCC.
Similarly to the support, there aren't as many positives and negatives online about the safety features.
This is likely due to the general perception of high security around traditional banks. On the other hand money transfer services do get more attention from the users regarding the safety features (likely because they are newcomers to the market in comparison to the banking giants).
Customer feedback
Customer feedback
Wells Fargo is rated very low on TrustPilot, getting only 1/5 stars. In general, users seem to have mixed opinions on Wells Fargo.
ANALYSIS OF USER REVIEWS
Overall, the majority of online reviews focus on customer service and fraud protection. Customers seem to have positive experiences with Wells Fargo's customer service and fraud detection, there are considerable complaints about inefficiency, poor communication, and significant service failures that have caused distress and financial loss for others.
On the positive side, some highlight instances where staff were helpful, professional, and quick to resolve issues. For example, some mentioned satisfaction with Wells Fargo's proactive approach in detecting and addressing fraudulent activities on their account and felt supported during financial hardships such as a painful divorce. In general, users say that the staff is consistently friendly and professional, contributing to a highly satisfying banking experience.
However, many customers criticize the bank for its poor customer service, with agents described as unhelpful, lacking knowledge, and often providing inaccurate information. Some reviews highlight issues with international transactions, where the accounts are getting blocked while traveling abroad, causing severe disruption and incurring significant costs on return home to the US.
Additionally, there are accusations of mishandling disputes and engaging in practices perceived as fraudulent, further tarnishing the bank's reputation among some users.
Here's a summary of average user reviews this year.
Jan 24 | Feb 24 | Mar 24 | Apr 24 | May 24 | Jun 24 | Jul 24 | |
|---|---|---|---|---|---|---|---|
International Transfers | 0 | 0 | 0 | 5 | 3 | 1 | 1 |
Fees | 0 | 0 | 1 | 1 | 1 | 0 | 1 |
Exchange Rates | 0 | 1 | 0 | 0 | 0 | 1 | 4 |
Speed | 1 | 0 | 0 | 0 | 1 | 0 | 0 |
Limit | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
Features | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
Ease of Use | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
Safety | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
Customer Support | 0 | 0 | 0 | 2 | 1 | 1 | 1 |
*0 means there are no reviews for a given category in the given month.
Making international transfers
International transfer requirements & details
To make an international transfer with Wells Fargo, you will need the following details:
Full bank details of your recipient: you’ll their name, address, and IBAN or SWIFT code.
To transfer with ExpressSend: you’ll need to visit a Wells Fargo branch first.
To make a wire transfer: you’ll need to register for an online account first.
Wells Fargo’s SWIFT code is WFBIUS6S.
Making wire transfers
Sign in
Sign in to your Wells Fargo online account and select ‘Transfer and Pay’. You’ll need to enroll in Online Wires.
Add the recipient’s details
You’ll need their name, account details, and any additional information needed to send money to their country of residence. You’ll also need to add the amount you want to transfer.
Check the information and send
Check the details you’ve added are correct, and submit the payment.
Bank deposit or cash pickup
To make an international bank deposit or arrange a cash transfer with Wells Fargo, you’ll need to enroll in the Wells Fargo ExpressSend service.
Contact your bank
If you contact Wells Fargo, they can tell you the full list of options available through their ExpressSend service. This will help you find the best one for your needs.
Complete the ExpressSend service agreement
When you complete the agreement, you need to add the name, address, and telephone number of your recipient.
Send your transfer
The first transfer you send with your ExpressSend service agreement must be completed in-branch. Once you’ve sent via this agreement, you can complete the transfer online.
Use Wise to send money from your Wells Fargo account
It may be simpler to fund your transfer with your Wells Fargo account, but use a transfer provider like Wise to send your money overseas. Here’s how.
Register for a Wise account
Signing up only takes a few minutes. You’ll need to take a photo of your ID so they can verify you. If you have any issues setting up your account, you can contact customer services using the contact information in our Wise review.
Add the details of your transfer
Select ‘Send’, choose ‘Send from your bank’, and enter your recipient’s details. You’ll also need to confirm your Wells Fargo account details.
Review the received amount
Wise will show you exactly how much your recipient will get, and how much the transfer will cost. If you’re happy with this, continue.
Send the money
Proceed with the transfer. Your money will be taken from your Wells Fargo account and sent to your recipient.
Receive international transfers
To receive an international wire transfer with Wells Fargo, you’ll need to supply the following information to the sender.
Your ABA, RTN, or SWIFT code
For domestic wire transfers, you’ll need to supply the Wire Routing Transit Number (your ABA or RTN), 121000248.
For international wire transfers, you’ll need to supply your SWIFT code or BIC: WFBIUS6S.
The bank name and address
This is Wells Fargo Bank: NA, 420 Montgomery Street, San Francisco, CA 94104.
This is the same, regardless of where your account is located.
Your account number, name, and address
You’ll need to supply your complete Wells Fargo account number, the name on your account, and the complete address of your account as it appears on your bank account.
Remember the receiving fee
There is a $15 fee for receiving a wire transfer with Wells Fargo.
It will usually be cheaper for both you and the person sending you money if they use a different method. Debit card payments, bank transfers, and specialist transfer providers are cheaper.
Most transfer providers will be able to send money directly to your Wells Fargo account, too.
How Wells Fargo compares to money transfer services
Money transfer services are cheaper, faster, and have higher transfer limits than Wells Fargo.
Transfer services like Wise are around 16% cheaper than Wells Fargo, and they’re very easy to use.
Here’s an overview of the top alternatives:
If you’re a Wells Fargo account holder, you can save money on your international transfers by using these alternatives.
Don’t worry, all of them can be funded from your Wells Fargo account.
Wise
Wise is an international money transfer service that uses the mid-market exchange rate for its transfers.
Wise fees vary depending on where you want to send your money, but they average at between $4 and $11. This is up to $26 cheaper than making an international wire transfer with Wells Fargo.
Using Wise, you can make a bank transfer from your Wells Fargo account to another country. Wise services more than 70 countries worldwide, slightly more than Wells Fargo does alone.
A lot of bank transfers made through Wise are completed instantly, too.
If you need to hold foreign currency for some reason, perhaps a holiday, Wise is great for this too. They let you open a multi-currency account which can hold up to 9 currencies at once.
You get these exchanges at the mid-market rate too, but exchanging does come with a small fee.
Please share your experience with Wise
Would you recommend Wise?
Russell Pinkes
I can’t send money to Belize
Katsiaryna
Once trying to open sire, was automatically blocked for no reason
Alan
Unable to transfer money from Philippines to any other country. Philippines Wise does not work
Anonymous
Retiro de dinero en transferencia
Uwe
great rates and service - unfortunately for some countries not yet available
Martin Premprakash Anantharaman
On the first transfer to a hospital in NY they were already screaming that this was a sure scam and the same on my next transfer to a fried in Nigeria. They then summarily closed my account TERMINATING THE RUNNING TRANSFER TO NIGERIA, claiming that, hold on, I was being scammed🤦♂️ Sure, I could have appealed but immediately found that I would have had to provide so much intrusive detail that I desisted.
Martin Premprakash Anantharaman
Setting up is a bit unwieldy if you want to make a one-off transfer, as you have to create an account with complete identification - but it works and the process as well as charges are great.
Anonymous
My brother wants to send me money from India to Nigeria but he's finding it difficult how can he do it
Mohammed
WARNING : Wise was Great until main office decided to ruin WISE By letting the TW India office control handling Random verifications and do what ever they want by insane replies and no replies etc. If you want to waste your time and enjoy a journey into Black Hole of Insane then go ahead and try WISE !
Anonymous
Can't receive money from php to idr so far
sudheir
They don't allow transfer to Brokerage firms from India
Anonymous
Good app to transfer money
Anonymous
I didn't find Cuba on your list.
Anonymous
cuba not work
Nina
I made a transfer to a Canadian company 1.5 months ago, and the funds have not yet been received. After multiple emails, Wise insists that the money was paid out. However, I have received an official statement from the recipient’s bank confirming that the money has not been received. Wise's complaints department sent me a final letter stating that, according to their records, the funds were paid out. Additionally, Wise states the following in their Customer Agreement regarding their responsibility for losses: Quote from Wise's Terms: "Our Customer Agreement also explains our responsibility for losses in Section 29: 29.1 Unforeseeable loss or damage. We are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time the contract was made, both we and you knew it might happen, for example, if you discussed it with us during your sign-up process. 29.9 We are not liable for things which are outside of our control. We (and our affiliates) cannot be liable for our inability to deliver or delay because of things which are outside our control." Despite these terms, Wise has not been able to resolve this issue, and the money has still not been delivered as promised. I find it irresponsible that Wise does not conduct any investigations into the matter. The Canadian bank associated with Wise is unable to provide any information, as everything goes through Wise. Wise must be capable of tracking the funds and providing precise details about where exactly the money is, who received it, and to which bank account it was deposited. I would advise everyone to be cautious when transferring large sums of money with Wise. They are not capable of executing a secure money transfer!
Shengjie Yin
good and perfect
Tristan
Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business I am sharing my experience with Wise to warn fellow business owners about the serious risks and unacceptable practices you may encounter if you choose to use their services. My business, is a legally registered travel agency in the UK, and I relied on Wise to manage payments for my photography and cultural tours, primarily in South America. Things took a turn for the worse when Wise froze my account and accused my business of violating their Acceptable Use Policy, citing my once-a-year humanitarian trip to Cuba. Despite explaining multiple times that: No Cuba-related transactions were ever processed through Wise (I use a separate European bank for this purpose), My tours comply with the “Support for Cuban People” category authorized by OFAC, designed to help Cuban citizens outside state control, Wise completely ignored the facts. Their customer support team responded with automated messages, refused to engage in any meaningful dialogue, and even lied, claiming they didn't monitor my emails—despite clear evidence to the contrary. After days of chasing them and providing thorough documentation, they chose to close my account without justification. The Consequences: Wise left my business in chaos, disrupting essential transactions and client arrangements. Their rigid policies align with sanctions widely condemned by the global community, and in doing so, they indirectly support humanitarian suffering. The Bottom Line: Wise is unreliable, unresponsive, and unethical. If your business has any complexity or humanitarian focus, beware: Wise will shut you down without notice or explanation, and customer support will abandon you. Their actions have serious real-world consequences. Avoid Wise if you value your business stability or require ethical and accountable financial services. There are far better alternatives out there that won’t put your livelihood at risk Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business
Anonymous
I have been a customer for a few years. Yes I love the instant deposits as I make around $1K. However as many non US entities Wise uses a bank out of New York. Therefore the TRANSFER and DEPOSIT from an account transfer can take 4 to 6 days. What this means is that you will not able to make another ACH transfer during this time. This is frustrating if you have to make a follow up transfer in a few days. All in all don't plan to make more than 4 transfer in a month because it may not fo through, Not sure if other transfer companies operate the same way but I am about to find out as I will try Revolute. Bottom linw will require you to use ANOTHER payment method like credit card or some other method. Understand this: YOU MAY HAVE THE MONEY IN YOUR ACCOUNT but they WILL NOT TRY TO VERIFY IT WITHIN THE THE PERIOD IT WILL TAKE THEM TO DEPOSIT IT IN YOUR ACCOUNT. To add insult to injury I called in and the agent siad that they can see that they got paid but the computer takes time to update/reconcille I guess! It is a slow system!
Anonymous
There is a lot of advice on RECEIVING INHERITANCE in the UK from overseas but nothing on the rules for SENDING money gifts to grandchildren living OVERSEAS and the rules on Inheritance Tax in that case.
Anonymous
The service is decent, nothing more. I have had security issues that are not quickly resolved. Call center personnel are average. The app is not, in general, user friendly. You should definitely do research on a variety of service providers before making a choice. Do not take the reviews at face value. I chose Wise based on positive reviews but now regret not doing more research on other companies.
Anonymous
So far so good
Daniel
I checked to see if Wise even sends money to Colombia. Colombia is not even in their list of countries. Why is it even advertising for Colombia?
Bill Sanders
I have used Wise for several years. They once rejected a large transfer because it was to a coal company. Apparently, they are a woke company! But they refused to tell me why. More recently, they required verification of my identity using a smart phone. I am 69 and never owned a cell phone because I don't need one. But they forced me to buy one, which I did last week. Getting the phone updates ate up all my data, so i got 1 GB more. I took 12 different pics of my passport and another 12 of my face for them. They rejected them - and are holding up my transfer. Now my phone ate up that gig of data and I must buy another gig (thru Tracfone) just to use the phone. What a hassle. This is not a photo studio! They know who i am already. Note: This comment has been edited by the MoneyTransfers.com team to align with our content guidelines.
Ziggy Meilus
It used to be always instant, now it may come right away or it can take 5 even 7 days to get the money.
Anonymous
i've heard of people having issues with accounts being locked/restricted, but i think that was mostly for business accounts, maybe they were locked for good reason. for me, i've had no issue with my account though i've only used it for small transfers and not very often, over the past 5+ years
Xe
Xe lets you make bank transfers internationally at a much cheaper price than using a wire transfer.
There are no fees for transfers of more than $500, but there’s a small markup on the exchange rate of about 0.9%. This gives you a saving of about 5% on Wells Fargo’s markup on foreign currency exchanges.
You can send up to $535,000 per transfer with Xe, far outstripping Wells Fargo, but not quite as high as Wise’s $1.2 million, or OFX’s limitless transfers.
Finally, you can make a transfer from your Wells Fargo account to around 200 countries with Xe, and transfers are often completed in 24 hours.
Please share your experience with Xe
Would you recommend Xe?
Anonymous
The transfer rate was way lower than displayed on the comparison site.
Anonymous
Great for large transfers.
Anonymous
Fast, great rates, easy to use. Good for large transfers.
Paul Ansems
XE money transfer scam -stay away-WARNING Don't use this company! After several successful transfers. This time, I sent the money and they received it. After 7 days with no reason that they would cancel it. I sent their compliance team everything they asked. I found my privacy threatened but sent them anyway. I asked for a supervisor or manager but was denied. They obviously hang onto your money as long as possible and after making money from it like interest. If the exchange rate amount is too high and drops after holding it then they cancel it. WARNING Don't use this company!
TorFx
If you use Wells Fargo to send money overseas with TorFX, you could save money on fees and exchange rates.
TorFX doesn’t charge a fee for its transfers, but there is a markup on the exchange rate.
You also get a dedicated account manager (like you would with many currency brokers) who can help you manage your transfer, including helping you find the best deal.
Please share your experience with TorFx
Would you recommend TorFx?
Arun
Misleading information
Anonymous
Can't transfer from India
OFX
OFX has no transfer limits and a minimum transfer requirement of $1,000.
This is considerably higher than Wells Fargo’s limit of $12,500 per consecutive 30 days.
OFX doesn’t charge any fees for its transfers, but does add a small markup to the exchange rate.
While transfers aren’t quite as fast as Xe and Wise, they’re still much faster than Wells Fargo.
So, if you need to send a large amount of money quickly, OFX is a good option.
Please share your experience with OFX
Would you recommend OFX?
Anonymous
They have limit amount
Anonymous
Not free service
Schuffner
all question answered, rechecked, not successful!
Jon
Free for two months than have to pay a monthly fee. I don't want to do that.
Anonymous
Plz give me my withdraw
Anonymous
Gives better exchange rate
Michael Patrick Briggs
It amazes me that a company dealing with your money can afford to be so cavalier with how they treat you. I made a transfer of AUD$3000 to two different recipients on a Monday, then apparently needed to verify my identity due to an update of location actioned by a staff member without my consent. I provided that on the Tuesday, and despite contacting OFX three times over the next few days, only got an update at 4.30pm Friday that more information was required. That came with a promise that if I got it to them fast, my transfers would be processed before 5pm. I sent the requested information within minutes - it is currently 5.30pm and nothing has happened. That means AUD$3000 has been sitting with them for a week, transfers don't occur on the weekend, and I have no faith it will even be Monday, because they only get back to me if I chase them. If you put AUD$3000 on the short-term money market along with money from the 100,000 other customers they cheat like this, you make some pretty good intertest off other people's misery. OFX should be ashamed of themselves and fined by the regulators - I'll certainly make sure at least one of those things happen, but otherwise highly recommend you choose another provider for international money exchange.
Save money getting foreign currency with Wells Fargo
The best way to save money getting foreign currency with Wells Fargo is to exchange when rates are better. You can check the mid-market exchange rate using our currency converter tool.
Other Alternatives
Alternatively, consider using one of these neobanks for international transfers.
Wells Fargo: Is it good for transfers abroad?
If you need to send money domestically, you can use your Wells Fargo account without much trouble.
But when it comes to international transfers, Wells Fargo is more expensive, more complicated, and more time-consuming than a lot of other transfer methods.
If you need to send money overseas, we recommend using one of the top money transfer companies instead. Use our comparison form below, to find the best service to send money abroad.
Find the best rates for your transfer
A bit more about Wells Fargo
Does Wells Fargo buy back foreign currency?
Yes, Wells Fargo will buy back foreign currency, depending on market conditions.
They only purchase paper currency from Wells Fargo account holders, at a Wells Fargo branch.
Beware - there will be a markup on the exchange rate, meaning you’ll get back less than you started with.
If you’re planning to travel again, it might be a good idea to keep hold of your leftover foreign currency.
What are the international wire cut-off times at Wells Fargo?
The international wire cut-off time at Wells Fargo is 2pm Pacific Time. If you submit your details by this point, they’ll process your transfer on the same business day. Any wires submitted after 2pm Pacific Time will be processed the next business day.
Can Wells Fargo international wire transfers be reversed, recalled or canceled?
Wells Fargo international wire transfers can sometimes be reversed, but it can be very difficult. It’s a good idea to check all the transfer details are correct before submitting, to reduce the likelihood that you’ll need to try to cancel your transfer. You can cancel scheduled transfers with Wells Fargo, but not pending or completed transfers.
Does Wells Fargo offer currency exchange?
Yes, Wells Fargo offers currency exchange, but it’s not cheap.
There’s a markup of around 6% on the mid-market exchange rate, and you can only accept foreign currency in cash.
If you need to hold money in multiple currencies at once, you may be better off using a multi-currency account.
Does Wells Fargo have an app?
Yes, Wells Fargo has an app available on Google Play and the App Store. You can download it for free and register for online banking.
Help & FAQ
Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.
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Chase Bank
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