The global market offers tremendous opportunities for your business. Whether you are providing professional services, buying from suppliers outside of the US, or shipping your own goods abroad, working with a bank that understands the intricacies of international business can be a competitive advantage. Wells Fargo has extensive expertise in International Banking and offers a full suite of products and services to help you succeed in the global marketplace.
Foreign Currency Payment Solutions
Wells Fargo offers a number of ways to make and receive payments in foreign currency, including wire transfers, checks and foreign currency cash services.
Sending and Receiving International Payments
Foreign Currency Cash
As you travel internationally, having local currency on hand lets you easily cover immediate expenses like taxis, meals, or tips – without needing to hunt down an exchange office or ATM as soon as you arrive at your destination. Order onlineorat any branch and have delivery within 2-7 business days.
Note: Our branches no longer have foreign currency cash on-hand available for over-the-counter same-day purchase.
Whether or not the wire transfer fee is waived, Wells Fargo makes money when we convert one currency to another currency for you. The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The applicable exchange rate does not include, and is separate from, any applicable fees. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. Different customers may receive different rates for transactions that are the same or similar. The applicable exchange rate may vary based on such factors including, but not limited to, currency pair, transaction size, payment channel and product type, such as foreign currency cash, checks, remittances, and wire transfers. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. Wells Fargo is your arms-length counterparty on foreign exchange transactions. We may refuse to process any request for a foreign exchange transaction.
Incoming wire transfers received in a foreign currency for payment into your account will be converted into U.S. dollars using the applicable exchange rate without prior notice to you. For more information, see the “Applicable Exchange Rate” and “Incoming international wire transfer” sections of the Deposit Account Agreement.
Fees may be charged by third parties or other banks, in addition to those described above.
QSR - 11022025-6596048.1.1
LRC-1223
Wells Fargo Bank, N.A. Member FDIC.
