What is Wells Fargo's policy on international wire transfers?

@mandy 

Wells Fargo's policy on international wire transfers involves certain specifications and requirements. Here are some key points:

1. Wire Transfer Process: Customers need to visit a Wells Fargo branch in person and provide appropriate identification, as well as the necessary information for the wire transfer. The customer will need to fill out a wire transfer request form providing details such as recipient's name, address, bank account number, SWIFT/BIC code, and the purpose of the transfer.
2. Service Availability: Wells Fargo offers international wire transfer services to more than 220 countries and territories globally, covering major currencies. However, some countries or regions may have restrictions or limited service availability due to regulatory or operational reasons.
3. Fees and Exchange Rates: Fees are charged for international wire transfers, which vary depending on the destination country, the amount transferred, and the type of account being used. Additionally, Wells Fargo applies an exchange rate, which may also include an additional fee or margin. Customers can contact Wells Fargo or view their fee schedule for specific information.
4. Cut-off Times and Delivery Period: International wire transfers need to be requested before the designated cut-off time to be processed on the same business day. Delivery timeframes can vary, ranging from one to several business days, depending on several factors like the destination, intermediary banks, and currency conversion requirements.
5. Regulatory Compliance: International wire transfers are subject to various legal and regulatory requirements, including anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. Customers may need to provide additional information, such as the purpose of the transaction, to comply with these regulations.

It's important to note that policies and procedures might evolve over time, so it is advisable to consult Wells Fargo directly for the most up-to-date information before initiating an international wire transfer.