Sending money to loved ones in Mexico is a common need for many, and Wells Fargo offers a service called ExpressSend to facilitate these international money transfers. ExpressSend allows you to quickly and safely send remittances to beneficiaries in Mexico through Wells Fargo’s established network. Here’s a step-by-step guide on how to Transfer Money To Mexico using Wells Fargo ExpressSend.
Step 1 – Get in Touch with Wells Fargo
The first step to initiate a money transfer to Mexico is to contact a Wells Fargo banker. Speaking with a banker will provide you with detailed information about the various options available for sending money internationally. They can help you determine if ExpressSend is the most suitable service for your specific needs and guide you through the initial setup process. Understanding the options upfront ensures you choose the transfer method that best fits your requirements for sending money to Mexico.
Step 2 – Provide Beneficiary Information
To process your money transfer to Mexico, you will need to provide complete information about your beneficiary. This includes specifying who will receive the funds and how they will receive them. Wells Fargo ExpressSend offers options for your beneficiary to receive the money as a cash pick-up at a designated location in Mexico or as a direct deposit into their bank account. Ensure you have accurate details such as your beneficiary’s full name, address, and contact number ready to provide to your Wells Fargo banker. Having this information prepared will streamline the transfer process.
Step 3 – Initiate Your First Transfer
Your first money transfer to Mexico using ExpressSend needs to be set up in person at a Wells Fargo branch. This initial in-person setup is crucial for establishing the transfer details and ensuring the security and speed of your remittance. During this step, Wells Fargo will collect all necessary information to ensure your money is sent correctly and efficiently.
For subsequent transfers to Mexico, after the initial setup, you have more flexibility. Existing Wells Fargo checking or savings account holders might be able to initiate future remittances by phone through the Wells Fargo Phone Bank, subject to security authentication. Alternatively, you can also manage and send money transfers to Mexico online via Wells Fargo Online on a desktop or laptop computer. Note that ExpressSend is not accessible through the Wells Fargo Mobile app; online transfers must be conducted using a computer.
To use ExpressSend, you must be the sole owner, a primary or secondary joint account owner, or have power of attorney over the account from which the funds are being transferred. If using a joint account, it’s important to know that the ExpressSend Service Agreement is individual and in your name only. If other joint account holders wish to send money using the same joint account, they must also complete their own separate Service Agreement.
Required Information for Transfers to Mexico
When you enroll in the ExpressSend service to transfer money to Mexico, you will need to provide specific details:
- Beneficiary Details: This includes the full name, physical address, and telephone number of your beneficiary in Mexico. You will also need to specify the Remittance Network Member in Mexico where the funds should be directed.
- Physical Address in Mexico: It’s mandatory to provide your beneficiary’s complete physical street address in Mexico. Please note that post office box addresses are not accepted for ExpressSend transfers.
- Telephone Number: You must provide a valid telephone number for your beneficiary. This can be a Mexican phone number or a U.S. number, and you must specify whether it is a mobile or landline number.
Providing all of this required information accurately is essential for setting up your ExpressSend Service Agreement and successfully sending money to Mexico. Incomplete information may prevent the establishment of your service agreement.
It is also important to note that minors are not eligible to enroll in Wells Fargo ExpressSend as senders. Furthermore, various countries, including Mexico, may have regulations that restrict minors from being the beneficiaries of remittance transactions. As the sender, it is your responsibility to ensure that your beneficiary in Mexico is eligible to receive the funds sent via ExpressSend.
For further details and answers to common questions, you can consult the Wells Fargo frequently asked questions section.
