If you have questions about making your payment, or want to talk to a staff member in person, you can also call into a local branch or contact customer services by phone. Check the quote for fees and exchange rate if sending internationally.Complete the details required including your recipient’s name and account information, the amount and currency you’re sending.Sign into your account online and go to Transfer & Pay.The easiest way to send a payment - either internationally or within the US - is using the Wells Fargo online banking service. If you need to pay a Wells Fargo incoming wire fee, the standard charges are as fo l lows: Check the details for your specific account type. Some accounts do not allow wire transfers, while others offer fee waivers up to a certain number of incoming transfers per month. Get the mid-market rate Wells Fargo incoming wire feeĭifferent Wells Fargo accounts have different options for receiving wire payments. Wise is the smart way to send money all over the world, using the real exchange rate with no markup or margin - and just a low, transparent fee. You might find you can get a better deal overall by selecting a third party provider like Wise which uses the mid-market exchange rate, to set up your payment. Also, different customers may receive different exchange rates for transactions that are the same or similar.”īefore you go ahead with your international wire transfer with Wells Fargo, compare the rate you’re offered against the mid-market rate to see the markup that has been added. The exchange rate provided to you is set by Wells Fargo in its sole discretion, and it includes a markup over Wells Fargo’s cost of sourcing the relevant currency or currencies….The exchange rate Wells Fargo provides to you may be different from exchange rates you see online, in publications, at other banks or other foreign exchange providers. “Wells Fargo makes money when it converts one currency to another currency for you. Here’s what Wells Fargo says in their wire transfer terms and conditions: That means the rate will be worse than the one you find using a Google search - which pushes up the overall price. It’s good to know that the exchange rate provided by Wells Fargo will include a markup against the mid-market rate. If you want to arrange an international wire payment with Wells Fargo you’ll need to get a specific quote to show the fee and exchange rate which will be used. Here are the standard Wells Fargo outgoing wire transfer fees: Service typeįee quoted when you arrange payment - you’ll pay a transfer fee and a markup on the exchange rate used Some account types do not allow outgoing wire payments to be made at all, so check the smallprint for your specific account before proceeding. You might find that your account offers a certain number of free domestic wires per month, for example. The fees used for wire transfers can vary according to the account type you have. Send money oversears Wells Fargo Wire transfer fee
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