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Understanding the Table:
The comparison table above helps you see the total cost of your Wells Fargo Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Wells Fargo is the third-largest consumer bank in the U.S. by assets after Chase Bank and Bank of America serving millions of consumers and small business clients worldwide from its headquarters in San Francisco, California.
Sending or receiving international transfers to or from your Wells Fargo bank account will include a margin rate of between 3% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).
The Wells Fargo app and website allow you to check the FX rate prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.
Wells Fargo has several bank codes that may be used for receiving foreign wire transfers, depending on the currency and location of the sending bank. Here are some of the most common codes used for Wells Fargo:
SWIFT Code: WFBIUS6S: This code is used for receiving wire transfers in U.S. dollars from foreign banks.
ABA Routing Number: 121000248: This code is used for receiving wire transfers in U.S. dollars from banks located within the United States.
CHIPS UID: 0509: This code is used for receiving wire transfers in U.S. dollars from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).
Fedwire ABA Routing Number: 121000248: This code is used for receiving wire transfers in U.S. dollars from banks located outside of the United States.
It's important to note that specific bank codes may vary depending on the currency and location of the sending bank, and it's recommended to confirm the correct codes with Wells Fargo before initiating a wire transfer. Additionally, Wells Fargo may charge fees for receiving wire transfers, so it's important to check the current fees and policies before initiating a transaction.
Wells Fargo offers several credit cards with different foreign transaction fees. Here are some examples:
Wells Fargo Propel American Express Card: This card charges no foreign transaction fees, making it a good option for travelers who frequently make purchases in foreign currencies.
Wells Fargo Visa Signature Card: Similar to the Propel American Express Card, this card also does not charge foreign transaction fees.
Wells Fargo Cash Wise Visa Card: This card charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
Wells Fargo Platinum Card: Similar to the Cash Wise Visa Card, this card also charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
It's important to note that credit card terms and conditions can change, so it's always a good idea to check the current fees and policies before applying for or using a credit card for foreign transactions.
If you wish to save on exchange rates and foreign ATM fees then you should consider the 
Wise multi-currency card.
The Wells Fargo Bank USD to MXN exchange rate is 16.98. This is -8.9% compared to the latest USD-MXN mid-market rate 18.63.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Mexican peso (MXN) rates from different sources before making a conversion.
The above Wells Fargo Bank - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wells Fargo Bank and other foreign exchange providers against the latest USD-MXN mid-rate and the possible savings of using various providers.
Looking at the full USD to MXN - Send Money comparison table the provider with the best USD to MXN exchange rate is OFX at 18.54, -0.48% from the latest mid-market rate 18.63.
The next best is XE at 18.52, -0.59% from the mid-rate.
Then Wise at 18.51, which is -0.64% from the mid-rate.
The Western Union rate is 18.44 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 17.09 at -8.3% the Wells Fargo Bank rate is 16.98 at -8.9% and the Citibank rate is 17.84 at -4.2% compared to the mid-rate 18.63.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Wells Fargo Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
