Wells Fargo Observes International Day of Family Remittances, Offers Fee Waiver
June 13 2018 - 8:50AM
Business Wire
Company to waive ExpressSend® remittance transfer fees to all
countries, payout locations June 15–18
Wells Fargo & Company (NYSE: WFC) announced today it will
commemorate the International Day of Family Remittances by waiving
all transfer fees for ExpressSend® remittances sent June 15–18.
The day first was proclaimed in 2015 by the International Fund
for Agricultural Development, an agency of the United Nations. It
is observed to recognize the significant financial contributions of
migrant workers and to encourage organizations to collaborate and
maximize the impact of these funds in the developing world.
According to the World Bank, more than $138 billion in remittances
were sent from the U.S. to other countries in 2016, representing
nearly 24 percent of remittance volume worldwide.
“Wells Fargo takes great pride in offering our ExpressSend
remittance service, which is valued by customers who send money to
family and friends back home, many of whom rely on the funds to
help cover essential daily living needs, educational support or
health care expenses,” said Daniel Ayala, head of Wells Fargo's
Global Remittance Services. “Once again this year, the
International Day of Family Remittances gives us an opportunity to
help raise awareness of the lifeline that immigrants provide to
their family and close friends worldwide. Millions of immigrants in
the U.S. and the rest of the world provide key financial support
that often helps drive the advancements of their families and the
economic development of countries of origin. To celebrate this
special day and say thank you to our customers, we will waive the
transfer fee, which will help customers send as much money as
possible to support their family and friends at home.”
Wells Fargo has aligned with the United Nations and the
International Fund for Agricultural Development in endorsing the
International Day of Family Remittances and in advocating to work
together across sectors to enhance innovative financial technology,
provide more efficient and less expensive remittance services, and
more access to financial services.
Today, Wells Fargo customers can send money to family and
friends at more than 43,700 ExpressSend remittance payout locations
and more than 140,000 ATMs in 13 countries, including Mexico,
Guatemala, El Salvador, Nicaragua, Honduras, Colombia, Ecuador,
Peru, the Dominican Republic, China, India, Vietnam and the
Philippines.
The transfer fee will be automatically waived for ExpressSend
transactions that are initiated starting at midnight, Central time,
June 15 through 11:59 p.m., Central time, June 18. ExpressSend
transactions can be initiated by calling Wells Fargo Global
Remittance Services, 800-556-0605; going online at wellsfargo.com;
or visiting a Wells Fargo retail banking branch. The first
remittance sent under each Service Agreement must be initiated in
person at a Wells Fargo branch. Customers with an existing checking
or savings account may be able to initiate their first remittance
by calling the Wells Fargo Phone BankSM. Subsequent remittances may
be initiated at a Wells Fargo branch, calling the Wells Fargo Phone
Bank, or through Wells Fargo Online® at wellsfargo.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investments, mortgage, and consumer and commercial finance through
8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 42 countries and territories to
support customers who conduct business in the global economy. With
approximately 265,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 25 on Fortune’s 2017 rankings of America’s largest
corporations. News, insights and perspectives from Wells Fargo are
also available at Wells Fargo Stories.
Cautionary Statement about Forward-Looking Statements
This news release contains forward-looking statements about our
future financial performance and business. Because forward-looking
statements are based on our current expectations and assumptions
regarding the future, they are subject to inherent risks and
uncertainties. Do not unduly rely on forward-looking statements as
actual results could differ materially from expectations.
Forward-looking statements speak only as of the date made, and we
do not undertake to update them to reflect changes or events that
occur after that date. For information about factors that could
cause actual results to differ materially from our expectations,
refer to our reports filed with the Securities and Exchange
Commission, including the “Forward-Looking Statements” discussion
in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well
as to Wells Fargo’s other reports filed with the Securities and
Exchange Commission, including the discussion under “Risk Factors”
in our Annual Report on Form 10-K for the year ended December 31,
2017, available on its website at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20180613005600/en/
MediaJim Seitz,
612-316-2447Jim.Seitz@wellsfargo.com@JimSeitzWForInvestor
RelationsJohn Campbell,
415-396-0523John.M.Campbell@wellsfargo.com
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