If you’re accepting payments from customers in other countries via bank transfer, or if you need to send money to family, friends, or business associates. People who have a Wells Fargo account should learn how to send and receive money from other countries.
When trading internationally, you must consider whether you will accept payments in different currencies from your customers –and whether you will have to pay your suppliers in a currency other than US dollars.
To boost your efficiency, boost your competitiveness, and increase your market share.
You must learn how to make a foreign transfer because the ability to send and receive payments in foreign currencies is critical to your business’s success.
Wells Fargo offers a variety of ways to send wire transfers in foreign currency, including in person at a branch, over the phone, and online. To send an online wire, you must be a current resident of the United States.
You can also receive wire transfers in a variety of foreign currencies.
How do I send a wire over the internet?
To send an international wire, you’ll need your recipient’s bank’s SWIFT/BIC code, the recipient’s International Bank Account Number (IBAN), and your recipient’s name and address.
Once you have the above information, go to your online portal and begin the process of making a foreign transfer as follows:
1.To send a wire transfer from your Wells Fargo account, go to the Online portal and log in.
2.To get started, go to Transfer & Pay and enroll in Online Wires.
3. Next, select your recipient, funding account, and amount (along with any additional details required for certain countries).
4. Double-check your information before sending your payment.
How to Receive a Wells Fargo Wire Transfer
To receive a wire transfer to your Wells Fargo account, you must send your full account number, as well as identifying numbers such as wire routing transit number and SWIFT codes, as they appear on your statement.
For any incoming wire in a currency other than the United States Dollar… To make the funds available to you, Wells Fargo will need to convert the currency into US dollars.
To enable you to receive money via your Wells Fargo account, you must send the following information to the payer:
1.Wells Fargo Bank is the name of the bank.
2.Wells Fargo Bank is located at 420 Montgomery Street in San Francisco, California 94104.
3.Your account number in its entirety
4. Account name as it appears on your statement
5.Getting bank information like the name of the bank, the address of the bank, and identifying numbers like wire routing transit numbers and SWIFT codes
– For international wires sent in US dollars or in an unknown currency, use the Wells Fargo Bank SWIFT Code: — WFBIUS6S – For international wires sent in a foreign currency from the initiating bank, use the Wells Fargo Bank SWIFT Code: — WFBIUS6S WFBIUS6WFFX is the SWIFT code for Wells Fargo Bank.
For domestic use only (U.S.) Wire from Wells Fargo Bank: 121000248 is the wire routing transit number/ABA.