Wells Fargo provides convenient options for exchanging money for international travel or sending money abroad. This guide covers their services for ordering foreign currency cash and international wire transfers.
Ordering Foreign Currency Cash with Wells Fargo
Planning a trip abroad? Having local currency on hand can make your travels smoother. While Wells Fargo branches no longer offer same-day, over-the-counter foreign currency exchange, account holders can conveniently order cash online or at a branch for delivery within 2-7 business days. Over 70 currencies for use in over 100 countries are available.
Wells Fargo foreign currency cash image
Important Considerations:
- Ordering: Currency cash must be ordered online or at a branch; phone orders are no longer accepted.
- Buy-Back: Wells Fargo may buy back unused foreign currency cash, excluding coins, at select branches. However, buy-back rates differ from ordering rates and not all currencies are eligible for buy-back. Check with your local branch for specifics.
- Investment: Foreign currency cash is intended for travel purposes and not recommended as an investment.
Sending Money Abroad with Wells Fargo International Wire Transfers
Wells Fargo offers international wire transfer services for sending and receiving payments overseas. You can initiate transfers online, through the mobile app, or in person at a branch.
Wells Fargo international wire transfer image
Benefits of Sending Wires in Foreign Currency:
Sending a wire in the recipient’s local currency allows you to lock in the exchange rate upfront, ensuring the beneficiary receives the precise amount intended. Wells Fargo can also receive wires in many foreign currencies.
Accessing Wells Fargo’s Wire Transfer Services:
To send or receive an international wire transfer, you can visit a Wells Fargo branch or utilize their online banking platform.
Conclusion
Wells Fargo offers various options for your foreign currency exchange and international money transfer needs. While in-person, same-day currency exchange is no longer available, pre-ordering currency online or at a branch provides a convenient alternative for travelers. For sending money abroad, their international wire transfer services offer flexibility and control over exchange rates. Be sure to consult Wells Fargo’s website or visit a branch for the most up-to-date information on fees, exchange rates, and eligible currencies.
