Compare Wells Fargo bank currency transfer options to/from the United States. You can beat Wells Fargo bank exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your Wells Fargo bank account in US dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 3.7% and additional bank transaction or commission fees may apply.
Wells Fargo international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your Wells Fargo Bank account in the USA needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 US dollars (USD) using Wells Fargo Bank services would have a transaction exchange rate margin of around 3.7% – or $3,700 USD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only $700 USD in total, which is a large saving over the bank service.
International money transfers from Wells Fargo Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Wells Fargo Bank account holder to use their services. Wells Fargo Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, Wells Fargo Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Wells Fargo was created in 1852 for banking and express services for gold rush pioneers and today is the world’s second largest bank by market capitalisation, and the third largest bank in the US by assets. Wells Fargo is a provider of US consumer, small business and commercial banking services and it operates through its many physical US branches (over 9000 in the USA) as well as other distribution channels such as on the internet.
Find Wells Fargo branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Wells Fargo bank branches in your search area results.
You can find answers to everyday banking questions at Wells Fargo online. If you can’t find the answer you’re looking for, you can call them from outside the United States on +1 800-956-4442
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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