Wells Fargo & Company (NYSE:WFC) is celebrating the 10 year anniversary of its Global Remittance Services unit by offering new Wells Fargo ExpressSend customers a fee waiver on their first transfer if they enroll in the service and make their first transfer from a Wells Fargo linked account between February 1 and June 30, 2013. Ten years ago, Wells Fargo revamped its legacy remittance service to the Philippines (service originated in 1994) by creating a new business unit in 2003 that focused on serving the needs of a growing diverse population. Today, Wells Fargo offers remittance services to 14 countries, including Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Dominican Republic, Bolivia, Colombia, Ecuador, Peru, the Philippines, India, Vietnam, and China and has more than 39,500 payout locations.
Concurrently, the Inter-American Dialogue named Wells Fargo a top ranking consumer remittance services provider. Wells Fargo tied for first place with two other companies, out of a field of 37. This is the only industry study focused on evaluating remittance services providers based on price, foreign exchange rates, convenience, distribution and quality of service.“Wells Fargo has demonstrated a strong commitment in the remittance market and in delivering affordable and inclusive products to migrants,” said Dr. Manuel Orozco, Remittances and Development Program, Inter-American Dialogue. “At ten years in the industry, it has demonstrated that offering financial services to migrants offers valuable returns.” Wells Fargo ExpressSend customers can send funds to their beneficiaries in most countries through their choice of four remittance alternatives– account to account, account to cash, cash to cash, or cash to account. The Wells Fargo ExpressSend service is available via most key customer channels including all Wells Fargo Bank store locations, https://www.wellsfargo.com/per/intl_remittance/ and the Wells Fargo Phone Bank SM at 1-800-TO-WELLS (1-800-556-0605). About The Inter-American Dialogue The Inter-American Dialogue is the leading U.S. center for policy analysis, communication and exchange on Western Hemisphere affairs. The study was prepared by Dr. Manuel Orozco, Remittances and Development Program, Inter-American Dialogue, and the research was conducted between April 2012 and October 2012. Dr. Orozco is the senior associate and director of remittances and development at the Dialogue. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.