Wells Fargo Eliminates Remittance Transfer Fees to El Salvador, Guatemala and Mexico’s State of Chiapas for Families and Friends Affected by Hurricane Stan
San Francisco — October 12, 2005
In response to the flooding and mudslides that struck El Salvador, Guatemala and Southern Mexico last week, Wells Fargo—in conjunction with its remittance network member banks—will rebate all remittance transfer fees for U.S.-based customers sending money using the InterCuenta Express® service to friends and family impacted by Hurricane Stan. The offer is effective October 10, 2005 through October 21, 2005. “Our thoughts and prayers go out to all those whose lives have been impacted by this natural disaster,” said Daniel Ayala, head of Wells Fargo's Global Remittance Services Group. “We are united in support for our friends and family members as they begin the rebuilding and recovery process.” Customers can safely transfer funds up to $3,000 daily from Wells Fargo to Banco Agricola in El Salvador, and Banco Industrial and Banco de Desarrollo Rural (Banrural) in Guatemala. Once they open an account and their beneficiary’s account information is verified with the receiving bank, customers can transfer money to family and friends in El Salvador and Guatemala through a Wells Fargo store, the phone, online banking, or an ATM, with funds made available the following banking day. Funds can be accessed in El Salvador through Banco Agricola’s 60 banking stores and 300 ATM’s. In Guatemala, funds can be accessed through Banco Industrial’s 285 banking stores and 882 ATM’s, and Banrural’s 315 banking stores and 800 ATM’s. Customers can safely transfer funds to beneficiaries in Mexico’s southern state of Chiapas where they can access their funds through any of Banorte’s 29 banking stores, BBVA Bancomer’s 27 banking stores or HSBC Mexico’s 19 banking stores located in that state. The beneficiary must have an account with one of these banks. The remittance transfer fee will be automatically rebated on the InterCuenta Express® Account to El Salvador and Guatemala; for customers wanting to send money to beneficiaries in Chiapas, the customer must call Wells Fargo’s Global Remittance Customer Service and request the rebate. Customers with questions can call Wells Fargo’s Global Remittance Customer Service at 1-800-556-0605, Monday through Friday, 8 a.m.-5 p.m. PST. Wells Fargo & Company is a diversified financial services company with $435 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, “Aaa,” from Moody’s Investors Service.