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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 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.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Travel Budget for Brazil (BR)
For a one-week mid-range stay in Brazil, travelers should expect to budget approximately R$3,500 to R$5,000 (around USD 700 to 1,000). This budget should cover accommodation, meals, transport, and entertainment for a comfortable experience while exploring Brazil's vibrant culture and breathtaking landscapes. Here’s a breakdown of typical daily expenses in local currency:
Overall, Brazil is considered an average to slightly affordable destination for travelers compared to the United States. For instance, while a mid-range meal in the U.S. might cost around USD 20, the same experience in Brazil averages R$40 (~USD 8). Compared to Australia, where similar expenses are typically 30%-50% higher, Brazil offers a more cost-effective travel option, particularly for dining and local experiences.
Expat Living Costs and Financial Tips
Expats settling in Brazil can expect monthly living costs to average around R$5,000 to R$7,000, depending on lifestyle and location. Major cities like São Paulo and Rio de Janeiro tend to be on the higher end of this scale. As for banking, it’s advisable to use local bank accounts, which can provide better conversion rates and reduced fees on transactions. Utilizing international cards can lead to additional charges, so expats should optimize local payment methods.
When it comes to transferring money, online services such as Wise and OFX often provide more favorable exchange rates compared to local banks, plus lower fees. However, for day-to-day expenses, exchanging a recommendable amount of cash locally tends to be wise for handling smaller payments, as most markets and small vendors may not accept cards. In summary, combining local currency with occasional online transfers can maximize savings while living in Brazil.
View a full list of exchange rates by selecting your Base (from) currency:
