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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.
For a one-week mid-range stay in the Dominican Republic, travelers should budget around DOP 40,000 to DOP 70,000 (approximately USD 700 to USD 1,200). This amount comfortably covers meals, accommodation, and local transportation, allowing for a pleasant experience in this vibrant destination. Typical daily expenses include:
Overall, the Dominican Republic is considered an affordable travel destination. When compared to the United States, where a similar vacation might set you back about USD 1,500 to USD 2,000 for equivalent comforts, the Dominican Republic offers substantial savings. Even compared to the UK, where expenses can be higher, travelers will find that the Dominican Republic strikes a balance between comfort and cost-effectiveness.
Expats living in the Dominican Republic can expect typical monthly living costs of around DOP 30,000 to DOP 60,000, depending on lifestyle choices. Rent for a modest apartment in the city center is about DOP 15,000-30,000, while groceries and bills can add another DOP 10,000-20,000. For those who need to manage finances, it's advisable to use a mix of banking options. Local ATMs are widely available, and major debit/credit cards are accepted; however, be cautious of foreign transaction fees.
When it comes to sending or receiving money, services like Wise or OFX generally offer much better exchange rates and lower fees compared to local options. It is usually more favorable to exchange money online or withdraw cash at a favorable rate rather than converting large amounts of money at local exchange counters, where fees may eat into your budget. Being mindful of transaction fees will enable expats to better manage their finances while enjoying all that the Dominican Republic has to offer.
View a full list of exchange rates by selecting your Base (from) currency:
