Taguig, Philippines - November 13, 2013
Wells Fargo & Company (NYSE: WFC) is supporting the Philippines typhoon and flood relief effort with a grant of $250,000 – more than Php 10 million – with $125,000 going to the American Red Cross and $125,000 to the International Medical Corps. These funds will help with the ongoing relief efforts and rehabilitation in the affected areas of the Philippines in the aftermath of Typhoon Haiyan.
“This typhoon has brought unprecedented devastation and loss of life to the Philippines,” said Tim Hanlon, head of Strategic Philanthropy and Partnerships for Wells Fargo. “While we are grateful that all of our team members there are safe and accounted for, our hearts go out to all those who were impacted by this storm. Our contribution will help get aid quickly to those who need it.”
Wells Fargo is also temporarily waiving all remittance transfer fees for ExpressSend® transfers from an eligible checking or savings account to reduce the cost of sending money to the Philippines to support friends and family. Customers can send funds to their family or friends in the Philippines at a number of remittance network members – including Bank of the Philippine Islands, BDO Unibank, Metrobank, M.Lhuillier and Cebuana Lhuillier – by calling Wells Fargo Global Remittance Services at 1-800-556-0605, going online at wellsfargo.com, or visiting a Wells Fargo banking store. The first remittance for a service agreement must be completed in person at a store. The fee waiver is effective November 13 through November 30, 2013.
“Our thoughts and prayers are with the families and communities that have been devastated by this storm,” said Daniel Ayala, head of Wells Fargo's Global Remittance Services Group. “As these communities begin the long, difficult process of recovery, we’re working closely with our remittance network members in the Philippines to make sure our customers and team members are able to support their families and friends.”
From now through December 11, 2013, Wells Fargo customers can donate to the American Red Cross Disaster Relief Fund at more than 12,000 Wells Fargo ATMs across the U.S. (with the exception of Kansas, Missouri, and Washington, D.C., due to local restrictions). Customers will not be charged a fee for using this service and 100 percent of the donations will be sent to the American Red Cross.
“Wells Fargo is committed to helping the community recover.” said Aveek Mukherjee, head of Enterprise Global Services Delivery. “We look forward to working together with the community and our partners to aid in the relief and rehabilitation.”
Wells Fargo is committed to community service and runs regular programs in its international locations. Wells Fargo in the Philippines has a volunteer taskforce comprised of team members, with initiatives focused on disaster relief efforts, supporting learning programs for socially disadvantaged schools, improving the levels of education and infrastructure, among others.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com. In 2012, the Company invested $315.8 million in grants to 19,500 nonprofits, and team members contributed more than 1.5 million volunteer hours around the country. For more information, please visit: www.wellsfargo.com/about/csr.