Wire transfer fees: full guide
Before you send a wire transfer, you need to be clear about the wire transfer fees. Read this guide to discover what fees to expect.
Wire transfers are one of the fastest ways to send and receive money internationally or within the US.
This is especially true when you’re an American expat and want to send international wire transfers to friends and family overseas.
This post will guide you through each step of wire transfers with Wells Fargo.
You’ll also learn how long it takes and the fees you can expect to pay when wiring money online.
📝 Table of contents |
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Wells Fargo offers customers multiple ways to send money using the Wells Fargo Online program. With this service, you can send domestic wire transfers to 200+ countries worldwide online or by using the Wells Fargo mobile app.¹
If you are planning on sending money to someone within the US, Wells Fargo might seem like a good idea, as they offer online options. Much like sending a check, Wells Fargo Zelle allows you to transfer money to someone using their email address or phone number.
Depending on your recipient’s bank, they could receive the money in just a few minutes. Plus, transaction fees are currently waived for customers who make Wells Fargo Zelle transfers. This is much more streamlined and less expensive than the traditional wire transfer route.²
💡 Want to find out more about Zelle? Get your full guide here. |
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If you prefer to wire money anyway, there are just a few steps for getting started.³
After filling out all of your personal and banking information, you will also need information from the wire recipient in order to process the funds transfer.
This includes the recipient’s name, BAN (Beneficiary Account Number), full address and banking information. There is also a section for intermediary banking details that can be filled in.
To send money abroad, you will also need international wire instructions:
Similarly, if you want to receive money from abroad to your Wells Fargo bank account, you will need to provide the sender with your own Wells Fargo international wire transfer details.
💡 Getting foreign currency? To get routing instructions, reach out to Wells Fargo's International Connections department: 1-877-593-2468. |
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Wise is a smart way to transfer money internationally. To send money online with Wise, you will pay a small, flat fee and a percentage of the amount that’s converted.
Field | Description |
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Wells Fargo international wire transfer SWIFT code | WFBIUS6S |
Routing Transit Number | 121000248 |
Wells Fargo address | Wells Fargo, 420 Montgomery Street, San Francisco, CA 94104 |
Beneficiary Account Number | Your complete Wells Fargo account number (including leading zeros) |
Beneficiary Name | The name of your account as it appears on your statement |
Beneficiary Address | Your full address |
Some banks would ask for your bank’s address as well. You can provide the address of the bank branch where you opened your account.
💡 Find out more about Wells Fargo routing numbers here. |
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Now that you know how, how much does Wells Fargo charge for wire transfers? The initial wire transfer fee will be written in on the Wire Transfer Request Form online. However, you can expect to pay the following wire transfer fees with Wells Fargo.
Type of transaction | Fees⁴ |
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Incoming Domestic Wire | $15 |
Outgoing Domestic Wire | $30 |
Incoming International Wire | $16 |
Outgoing International Wire | Fees will be disclosed once you set up the transfer) |
To make sure you really know what you’re getting before you commit, compare the exchange rate you’re being offered with by using a comparison tool — this way you can find out how much your international transfer is really costing you.
It can take between 1-3 business days to fully process a wire transfer with Wells Fargo. If you’re sending money to another Wells Fargo customer, it could be up to 24 hours. For all other non-Wells Fargo transfers, it may take 2-3 business days.⁵
Cutoff times are displayed in all locations. The cutoff time for most Wells Fargo ATM locations is 9 p.m. local time. The cutoff time for deposits using the Wells Fargo Mobile app is 9 p.m. Pacific Time.⁶
💡 Read more about how Wells Fargo direct deposits work here. |
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Sources:
All sources checked on 2 March 2022
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Before you send a wire transfer, you need to be clear about the wire transfer fees. Read this guide to discover what fees to expect.
Wondering much time it takes to complete a wire transfer? Do you want to know how to do it in less time? You’ve come to the right place to find out.
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