Receiving an international wire transfer at Wells Fargo
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 credit card FX fees
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.
What is the
Wells Fargo Bank Send Money conversion rate for EUR to USD?
The Wells Fargo Bank EUR to USD exchange rate is 1.0552. This is -7.6% compared to the latest EUR-USD mid-market rate 1.1414.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to US dollar (USD) rates from different sources before making a conversion.
The above
Wells Fargo Bank - Euro to Dollar 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 EUR-USD mid-rate and the possible savings of using various providers.
How do Wells Fargo Bank EUR-USD rates compare between providers?
Looking at the
full comparison table
the best EUR to USD exchange rate is 1.1357 from OFX, -0.5% from the mid-market rate 1.1414. The next best rate is 1.1346 from XE, -0.6% from the mid-rate. Then Wise with 1.1334 is -0.7% from the mid-rate.
The Western Union rate is 1.1243 which is -1.5% from the mid-rate.
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.
Compare EUR to USD Transfer Rates