SAN FRANCISCO--(BUSINESS WIRE)--
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 (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.
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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.