At Cheese, it’s our goal to provide you with helpful, useful information that allows you to better navigate your financial life. So, we’ve developed resources that allow you to learn about monthly banking fees. Included in those fees? Wire transfer fees.
When it comes time to transfer cash to someone else, however, whether they live in the United States or are currently abroad, you’ll definitely need to understand how to navigate Wells Fargo online checking and services in order to send the cash. How much are Wells Fargo’s wire transfer fees and how do you send a wire transfer through Wells Fargo? We’ve got the answers for you.
What Are the Wire Transfer Fees at Wells Fargo?
To complete a wire transfer, you usually need the name of the recipient, their bank name, and account number. Depending on the banks that both the sender and the recipient use, it’s possible to initiate a wire transfer via the bank itself. Or, it can be done through a third-party money transfer service such as Western Union. And, there are almost always fees involved, both for incoming and outgoing transfers both internationally and domestically.
International Wire Transfer Fees at Wells Fargo
Like every other major bank, initiating or receiving a Wells Fargo wire transfer incurs a fee. The Wells Fargo foreign wire transaction fee is:
- Incoming foreign wire transfers are $16 per transaction
- Outgoing foreign wire transfers are $30-45 per transaction
To successfully transfer the money, Wells Fargo wire transfer routing number, account number and swift code are needed.
Domestic Wire Transfer Fees at Wells Fargo
Want to make a Wells Fargo wire transfer to another account within the United States? It’s possible, and easy, especially if the recipient also has a bank account with Bank of America. The Wells Fargo domestic wire transfer fee is:
- Incoming domestic wire transfer fees are $15 per transaction
- Outgoing domestic wire transfer fees are $30 per transaction
However, it’s important to note that you can also transfer money with your Wells Fargo account by using Zelle, a money transfer app that’s integrated into the Wells Fargo banking app or online banking portal. It’s free for most users (depending on the bank of the recipient) and is a great alternative to a traditional wire transfer. Again, the ability to complete a transfer via Zelle or any other money transfer app depends on the bank of the recipient, how much you’re sending, and where the bank is located.
Other Option of Wire Transfers at Wells Fargo
Wells Fargo does a great job of catering to immigrants, specifically from Latin America and Asia. Through Wells Fargo ExpressSend, you can create a free account to send money easily to 13 countries in both Latin America and Asia (Mexico, Vietnam, India, Philippines, Peru, Ecuador, Colombia, Dominican Republic, Nicaragua, Honduras, El Salvador, Guatemala, Mexico).
The fees associated with sending money to these countries vary from country to country. However, you’re able to send funds straight to an eligible bank account or in the form of cash that someone can go pick up locally.
Wire Transfer Policies and Limits at Wells Fargo
Are there wire transfer limits at Wells Fargo? Yes, and they vary greatly. For example, if you are using the Wells Fargo ExpressSend option, there is a $25 minimum and a daily maximum of $5,000.
If you’ve decided to use Zelle (as mentioned above, it’s integrated into the Wells Fargo online banking system for account users), the transfer limit is currently up to $2,500 per day or up to $4,000 per month, depending on the bank limits you have for your specific account. There are no limits to how much money you can receive through Zelle.
In terms of policies and other things to know about Wells Fargo wire transfers, you’ll likely need to know certain information to complete the transfer, such as the bank’s SWIFT code, bank address, and more. Here is some helpful information:
- Bank Name: Wells Fargo
- Wells Fargo SWIFT code for incoming wires: WFBIUS6S
- Wells Fargo address:
420 Montgomery Street
San Francisco, CA 94104
Some wire transfers might ask for an IBAN, which is a set of numbers that create a code for transfer in Europe. The US doesn’t currently participate in IBAN, which means no American bank will provide you with an IBAN code. If you’re transferring money to an account in Europe that does use IBAN, you can usually find it by visiting their website or asking the recipient for the number.
Routing numbers and the beneficiary account number can all be found by accessing your Wells Fargo account online or via the Wells Fargo app. Here is a helpful guide on how to find your routing number with Wells Fargo.
How to Send Wire Transfers Through Wells Fargo
How to Send Wells Fargo Wire Transfers Online
If you are going to initiate a wire transfer online through Wells Fargo, you simply need to first log in to your Wells Fargo account online or via the Wells Fargo app. Then, follow these steps:
- Click on the “Transfer and Pay” tab
- Select “Send Money with Zelle” or another transfer option such as “Wire Money”
- Follow the on-screen steps that will prompt you to enter the recipient’s information and select the account you’re initiating the transfer from (checking, savings, etc.)
How to Send Wells Fargo Wire Transfers Offline
It’s possible to initiate a Wells Fargo wire transfer offline. All you have to do is head to your nearest branch with the information in hand. However, there is a Wells Fargo wire transfer form that they might require you to fill out. Print it ahead of time to avoid any hassle once you’re at the bank.
Contact Wells Fargo customer service to find out the bank’s operating hours and to potentially set up an appointment to avoid waiting in line.
Sign Up for a Debit Card with No Wire Transfer Fees
At Cheese, we’re dedicated to ensuring that our users pay $0 in monthly fees while enjoying other zero-fee perks such as no overdraft fees, no international wire fees, and no minimum balance fee. Larger international banks such as Wells Fargo aren’t usually able to offer the same level of fee-free assistance.
Interested in a fee-free card that comes with $0 in monthly fees and $0 in incoming international wire frees? Sign up today to receive your Cheese Debit Card that comes loaded with other perks such as savings opportunities.