Wells Fargo Review

Wells Fargo Review Summary

Wells Fargo is a global leader in financial services, providing banking solutions to large corporate, government and financial institution clients. The company's mission is to provide its clients with the resources and expertise they need to improve their earnings and manage risks in the global marketplace. Employees of Wells-Fargo can access account management functions using a single, unified login. The account management interface is highly functional and includes account services, performance breakdowns, long-term projections, and tools for evaluating the potency of a current market approach. It is also accessible through a mobile website and iOS and Android apps. Both apps are full-featured, with two-factor authentication and nearly all account functions.

Wells Fargo review
Wells Fargo Features

Wells Fargo Year Established

1852

Wells Fargo International Clients

Wells Fargo accepts international clients.

Wells Fargo Age requirement

18 years

Wells Fargo Currencies Offered

8 online

Wells Fargo Minimum Transfer

25 USD

Wells Fargo Transfer Fees

none

Wells Fargo Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Wells Fargo Employees

271920

Wells Fargo Turnover

72,340,000 USD

Wells Fargo Regulation

Financial Conduct Authority (FCA)

Wells Fargo Fees

Wells Fargo transfer fees are none.

Fees with Wells Fargo may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Wells Fargo, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Wells Fargo Client Rating

Wells Fargo has a rating of 3.

Number of Wells Fargo customers

70,000,000

Wells Fargo Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

Wells Fargo Supported Languages

Month Savings
January $100
February $80

Wells Fargo Review

Wells Fargo review
Pros and Cons of Transferring Money with Wells Fargo

Most of the time money transfers with Wells Fargo will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Wells Fargo money prior to submitting an application to Wells Fargo.

Can you easily afford the Wells Fargo fees, are the exchange rate costs reasonable with Wells Fargo?

Wells Fargo review
Wells Fargo Advantages

  • Wells Fargo has been in business over 4 years
  • Wells Fargo is availble in many international countries.
  • Wells Fargo offers a wide range of money transfer currency options.
  • Wells Fargo offers phone support.
  • Wells Fargo offers email support.
  • Wells Fargo offers an Apple iOS mobile application.
  • Wells Fargo offers an Android Google Play Store mobile app.

Wells Fargo review
Wells Fargo Disadvantages

  • Wells Fargo does not offer PayPal as a payment method
  • Wells Fargo does not offer Neteller as a payment method
  • Wells Fargo does not offer Skrill as a payment method
  • Wells Fargo does not offer a mobile wallet.
  • Wells Fargo does not offer Home delivery for money transfers.
  • Wells Fargo does not offer Cash pickups for money transfers.
  • Wells Fargo does not offer Money orders.
  • Wells Fargo does not offer Livechat support.

What Is Wells Fargo?

Wells Fargo is a financial service company, that offers its clients money transfer services.

Wells Fargo was founded in 1852 by Charles W. Scharf and has offices in San Francisco, US.

Wells Fargo provides money transfer services to its 70,000,000 customers who are from all over the world including worldwide.

The San Francisco, US Wells Fargo business was founded in 1852 to deliver money orders locally and internationally.

Do Wells Fargo Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Wells Fargo Trusted And Established?

Wells Fargo is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Wells Fargo was established in 1852 in San Francisco, US, and has been in operation for around 172 years Wells Fargo have a head office in San Francisco, US.

Wells Fargo review
How much does it cost to send a Wells Fargo Transfer?

Wells Fargo money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Wells Fargo only charges none, when compared to other money transfer service providers.

Wells Fargo review
How much can I send with Wells Fargo?

The maximum transfer amount with Wells Fargo is up to 5000 USD (or its currency equivalent) online.

While Wells Fargo charges a small percent of transfer fees, the brand offers reasonable exchange rates.

Wells Fargo review
Wells Fargo Money Transfer Terms and Conditions

When transferring money with Wells Fargo, it is crucial to keep tabs on the following:

  1. Wells Fargo Speediness. Often the need to money transfer may be urgent and time critical.
  2. Wells Fargo Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Wells Fargo Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Wells Fargo Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Wells Fargo Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Wells Fargo customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Wells Fargo review
How Wells Fargo Compares To Other Money Transfer Companies

NameWells FargoXE Money TransferWise Multi-Currency Account
Usedby70,000,00028000000011000000
Transfer Time2 business days1-4 business days1-2 business days
Min Transfer25 USDUS$1.001 USD
Max Transfer5000 USDUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment Methodsbank transfers, credit card, debit cardBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Wells Fargo review
Wells Fargo Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Wells Fargo or imposed by Wells Fargo. Your Wells Fargo money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Wells Fargo account.

Wells Fargo review
Wells Fargo Fees & Exchange Rates

Several money transfer platforms like Wells Fargo charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Wells Fargo may charge for a currency exchange.

Wells Fargo review
Wells Fargo Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Wells Fargo charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

Wells Fargo review
Wells Fargo Exchange Rate Margins

Exchange rate margins are how Wells Fargo, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Wells Fargo quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Wells Fargo to see what their exchange rate margin is.

Wells Fargo review
Wells Fargo Methods to Transfer Funds

A Wells Fargo fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Wells Fargo enables users to transfer money using bank transfer, via none.

Wells Fargo review
Wells Fargo Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Wells Fargo offers every available world currency to its customers. We list the major Wells Fargo supported currencies below.

Wells Fargo Money Transfer Currencies
NameCurrencies
MXN, DOP, USD, GTQ, HNL, COP, IDR, PHP
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Wells Fargo review
Wells Fargo Transfer Options

Wells Fargo offers the following transfer options:

Wells Fargo Money Transfer Options Compared
NameTransfer Options
Bank deposit
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Wells Fargo. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Wells Fargo review
Who Wells Fargo Services Are Available To

Wells Fargo offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Wells Fargo Country Restrictions

Wells Fargo does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Wells Fargo is not allowed to legally operate in those regions or it is not economically viable for Wells Fargo to provide money services in these regions.

Wells Fargo review
Wells Fargo International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Wells Fargo money transfer is quick and simple with the modern Wells Fargo online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Wells Fargo website.

The Wells Fargo website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

Wells Fargo review
Wells Fargo Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Wells Fargo has a minimum transfer amount of 25 USD.

Wells Fargo review
Wells Fargo Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Wells Fargo does not have a maximum transfer limit when the user is paying through phone. There is however, a 5000 USD limit per transaction for online transfers.

Wells Fargo review
Wells Fargo Money Transfer Fees and Charges

These are the fees charged by Wells Fargo and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Wells Fargo review
How Long Does It Take to Get a Wells Fargo Money Transfer

Wells Fargo money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Wells Fargo, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Wells Fargo.

Wells Fargo review
Wells Fargo PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Wells Fargo is not a publically listed company. Wells Fargo is a privately owned company.

Wells Fargo review
Wells Fargo Money Orders

The charges for issuing money orders with Wells Fargo are none.

Wells Fargo review
Wells Fargo Mobile Top Up

Wells Fargo offers mobile top ups.Wells Fargo mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Wells Fargo COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Wells Fargo directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Wells Fargo Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Wells Fargo. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Wells Fargo money transfers are best for people looking for looking for a reliable fast money transfer service.

Wells Fargo Guide for Fast Money Transfer Approval

For Wells Fargo to be able to process your money transfer application as quickly as possible make sure you have everything Wells Fargo need. If you and Wells Fargo need to go back and forth it may delay the Wells Fargo application process. Make sure every piece of information you give Wells Fargo is accurate.

Please note that you must have at least a minimum of one active bank account for Wells Fargo to process your money transfer.

Wells Fargo Application Time

Application time refers to the amount of time you have to wait for your Wells Fargo registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Wells Fargo system.

Wells Fargo Approval Time

It is the time it takes for Wells Fargo money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Wells Fargo Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Wells Fargo money transfer has been approved the money should be in your account within four working days.

Wells Fargo review
Things to Check Before a Wells Fargo Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Wells Fargo money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Wells Fargo review
Wells Fargo Customer Support

Wells Fargo support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Wells Fargo customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Wells Fargo money transfer you will want to speak to a Wells Fargo representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

Wells Fargo review
Does Wells Fargo Offer Live Chat?

Customers can reach out to Wells Fargo through live chat to resolve Wells Fargo money transfer account issues or difficulties with their Wells Fargo account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Wells Fargo review
How does Wells Fargo Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Wells Fargo you will want to know how Wells Fargo compares with other leading online money transfer companies. See how Wells Fargo compares below.

  1. Visit Wells Fargo alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Wells Fargo alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Wells Fargo alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Wells Fargo alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Wells Fargo alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Wells Fargo alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Wells Fargo alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Wells Fargo alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Wells Fargo alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Wells Fargo alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Wells Fargo alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Wells Fargo review
Wells Fargo Website and Mobile Apps

Wells Fargo has a website available online but it may be useful to manage your Wells Fargo account from your mobile device like your tablet or phone.

Wells Fargo offers an Android mobile application on the Google Play store.

Wells Fargo offers an Apple IOS mobile application for iPhones and iPads allowing Wells Fargo to users to check their Wells Fargo accounts on their iOS mobile devices.

Wells Fargo review
Wells Fargo Deposit and withdrawal Methods

Wells Fargo offers the following Money Transfer payment methods: bank transfers, credit card, debit card. All of significant bank systems are all acknowledged with Wells Fargo.

Wells Fargo offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Wells Fargo may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Wells Fargo.

Wells Fargo review
Is My Money Safe With Wells Fargo?

Wells Fargo is a reliable, secure, and trusted option for sending money overseas. Wells Fargo are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Wells Fargo customers.

Wells Fargo review
Wells Fargo Financial Regulation and Safety of Wells Fargo Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Wells Fargo that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Wells Fargo is fully licenced as a money transfer company.

Wells Fargo review
Wells Fargo Payment Services Regulations and Wells Fargo

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Wells Fargo is financially regulated. Wells Fargo is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Wells Fargo Possess a responsibility of care to their clients.

Is Wells Fargo Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Wells Fargo are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Wells Fargo and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Wells Fargo Segregation of Client Funds

Wells Fargo as part of their regulation are required to segregate client funds from Wells Fargo company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Wells Fargo regulatory requirements mean that Wells Fargo Money Transfer funds and your funds should be totally separate. Wells Fargo cannot use any money that is still legally yours to conduct Wells Fargo daily business like paying Wells Fargo suppliers and costs. Your funds should be kept by Wells Fargo in a segregated bank account.

Wells Fargo Regulation Checklist

  • Check whether Wells Fargo has authorisation to offer consumer credit
  • Check the type of activities that Wells Fargo are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Wells Fargo list on their website and the regulator match.

Wells Fargo Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Wells Fargo goes to great lengths to protect your Wells Fargo account from fraudulent use. We explain some of Wells Fargo anti-fraud features below:

  1. Wells Fargo has SSL encryption that protects the customer's private information.
  2. Wells Fargo has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Wells Fargo platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Wells Fargo account, as you are instantly aware of every Wells Fargo transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Wells Fargo, the Wells Fargo accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Wells Fargo delivery instructions.

Wells Fargo Monitors Your Account for Suspicious Transactions

Wells Fargo has systems and controls in place to detect fraudulent activity and protect Wells Fargo client accounts from misuse. If Wells Fargo detect a questionable transaction on your Wells Fargo account, Wells Fargo will contact you to verify the transactions legitimacy to ensure your Wells Fargo funds are safe.

How Does Wells Fargo Make Money?

Wells Fargo and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Wells Fargo also earn money via foreign exchange rates.

Money transfer companies like Wells Fargo and banks need to survive, so they make money on interest from accounts and money transfers.

Wells Fargo Frequently Asked Questions

We list some of the most frequently asked Wells Fargo questions below.

Is there a limit to how much I can transfer with Wells Fargo?

You can transfer up to 5000 USD at a time.

When will I receive my Wells Fargo transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Wells Fargo transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 1-800-869-3557.

How old do you have to be to sign up to a Wells Fargo account

To signup to a Wells Fargo account you will need to be at least 18 years old.

Wells Fargo review
Is Wells Fargo a Scam?

Wells Fargo have been in operation since 1852 and have over 70,000,000 customers and 271920 employees. Wells Fargo is not a scam.

Wells Fargo review
Sending money online with Wells Fargo

Sending money with Wells Fargo is a single process once you have registered and verified your Wells Fargo account and payment methods.

  1. Go to the Wells Fargo website
  2. If you have a Wells Fargo account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Wells Fargo how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Wells Fargo exchange rate and any fees.
  7. Pay for your Wells Fargo transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

Wells Fargo review
How do I receive money from a Wells Fargo money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Wells Fargo account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Wells Fargo money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Wells Fargo allows for a deposit directly into your bank, credit union or other financial account.

Wells Fargo Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Wells Fargo allows you to pick up money in person at a Wells Fargo agent location.

Wells Fargo Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Wells Fargo Does not support mobile wallets.

Wells Fargo Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Wells Fargo do not offer home delivery money transfers.

When was Wells Fargo founded?

Wells Fargo was founded in 1852.

Is Wells Fargo Any Good?

Wells Fargo have a rating of 3 and are financially regulated, Wells Fargo can be considered a good money transfer company.

Is it easy to close my Wells Fargo account?

Its is easy to close you Wells Fargo account. You will have to make sure any outstanding payments and fees due to Wells Fargo are paid in full Before Wells Fargo will fully close your account. Make sure when closing your account Wells Fargo send you an official confirmation that your account is closed and no more monies are due to Wells Fargo.

Does it take long to setup a Wells Fargo account?

No, setting up a Wells Fargo account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Wells Fargo account in 1-3 days.

Where are Wells Fargo based?

Wells Fargo are based in San Francisco, US

Countries where Wells Fargo is legal?

Wells Fargo is legally allowed to operate in over 33 countries.

How do I track a Wells Fargo Money Transfer

You can track a Wells Fargo money order by calling Wells Fargo or by tracking the order online. Call Wells Fargo number on 1-800-869-3557. The Wells Fargo automated phone system will take a few details and give you a status update. You can go online to the Wells Fargo website and check the status of a money transfer at any time.

If you have a Wells Fargo online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Wells Fargo transaction, use the Wells Fargo payment reference number on the Wells Fargo website to check the status of the transfer.

Can I cancel my Wells Fargo transfer?

The way that you cancel a Wells Fargo transfer depends on how you created and sent the Wells Fargo money transfer originally.

You may need to contact Wells Fargo by phone on 1-800-869-3557, through their website at www.wellsfargo.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Wells Fargo.

If you made the Wells Fargo transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Wells Fargo account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Wells Fargo transfer on their website.