Sending money to loved ones in Mexico is a common need for many, and Wells Fargo offers a service to facilitate these international money transfers. If you’re looking to send money to Mexico, understanding the process is key to ensuring a smooth and secure transaction. Wells Fargo’s ExpressSend service is designed to help you send remittances quickly and efficiently. Here’s a breakdown of how to send money to Mexico using Wells Fargo ExpressSend.
To get started, the first step is to understand your options.
Step 1 – Contact Wells Fargo to Explore Your Transfer Options
Initiate the process by speaking with a Wells Fargo banker. They can provide detailed information about the various options available for sending money to Mexico and help you determine the best solution for your specific needs. Whether you prefer to send money for cash pick-up in Mexico or directly deposit funds into your beneficiary’s bank account, Wells Fargo can guide you through the choices and associated fees.
Step 2 – Provide Your Beneficiary’s Information for Mexico
Next, you’ll need to provide complete information about your beneficiary in Mexico. This includes accurately providing who will receive the money and how they should receive it. You can choose to have the funds available for cash pick-up at a participating agent location in Mexico or have them deposited directly into your beneficiary’s bank account in Mexico, if applicable. Ensure you have the correct full name, address, and contact details for your recipient in Mexico to prevent any delays or complications.
Step 3 – Initiate Your First Money Transfer to Mexico
For your initial transaction under each service agreement, Wells Fargo requires that you start the transfer in person at a Wells Fargo branch. This is to ensure the security and safety of your money transfer to Mexico. During this in-person initiation, you will finalize the transfer details to ensure your money is sent quickly and safely to your beneficiary in Mexico. For customers with established checking or savings accounts, it might be possible to initiate the very first remittance by contacting the Wells Fargo Phone Bank, depending on authentication and security protocols. However, subsequent money transfers to Mexico can be conveniently initiated at a Wells Fargo branch, through the Wells Fargo Phone Bank, or online via Wells Fargo Online® at wellsfargo.com. It’s important to note that ExpressSend is not accessible through the Wells Fargo Mobile® app; online transfers must be made using a desktop or laptop computer.
To use ExpressSend, you must be the sole account owner, a primary or secondary joint owner, or possess power of attorney on the account from which the funds are being transferred. If you are using a joint account to send money to Mexico, keep in mind that the Service Agreement is set up individually in your name. If other joint account holders also wish to send remittances from the same joint account, each individual must complete their own Service Agreement.
Essential Information Needed for Sending Money to Mexico
When you complete the ExpressSend Service Agreement to send money to Mexico, you will be required to provide specific details:
- The full name, physical address, and telephone number of your beneficiary who is located in Mexico.
- The name of the Remittance Network Member(s) in Mexico through which the funds should be sent for payout.
- It is critical to provide your beneficiary’s complete physical address in Mexico. Please note that post office box addresses are not acceptable.
- You must provide your beneficiary’s telephone number. This can be a telephone number in Mexico or a U.S. telephone number. You will also need to specify whether the provided number is a mobile or landline.
Failure to provide all of this required information will prevent Wells Fargo from establishing your Service Agreement and processing your money transfer to Mexico.
It is also important to be aware that Wells Fargo ExpressSend service enrollment is not available to customers who are minors. Furthermore, many countries, including Mexico, have regulations that may restrict minors from being the recipients of remittance transactions. As the sender, it is your responsibility to confirm that your beneficiary in Mexico is eligible to receive the funds sent via the designated Remittance Network Member.
For additional details and answers to common questions, you can consult the frequently asked questions section on the Wells Fargo website.
