Wells Fargo International Wire Transfer Fees, Exchange Rates, and Limits in 2024

Byron Mühlberg, writer at

Byron Mühlberg


Jarrod Suda


Oct 10, 2022
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A giant of US banking, Wells Fargo is considered one of America's "Big Four" banks, offering an extensive range of financial services to over 70 million clients across the globe from more than eight thousand physical branches and 13 thousand ATMs in total.

One of the many services at Wells Fargo includes bank wires, which you can send domestically and internationally. However, international bank wires come at a particularly steep cost with Wells Fargo. The bank offers poor exchange rates over and above an untransparent transfer fee levied at a variable amount. Here's a summary of the cost of making an international wire transfer with Wells Fargo:

  • $30 transaction fee for outbound international wires.
  • 4% to 10% exchange rate margin.
  • (Potentially) $10 and $100 in correspondent bank fees.

As a result, the fees for smaller international bank wires at Wells Fargo can frequently swallow as much as 20% or more of the total value of your transfer, making the service pricey even when compared to other banks. Find the cheapest and fastest alternative using Monito's live comparison engine below 👇

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Wells Fargo International Transfer Fees

If you're banking with an ordinary Consumer Account at Wells Fargo, you will pay an undisclosed fixed fee every time you send money abroad. According to the bank, this fee will be disclosed when you pay for your transfer, with the standard fee being around $30 per transfer.

How Long Does an International Wire Transfer Take With Wells Fargo?

Both domestic and international wire transfers can take between 1 to 2 business days. If you submit a transfer after 2:00 pm Pacific Standard Time, Wells Fargo will likely send the transfer on the next business day.

In exceptional cases, such as sending from the US to a less-frequently-traded foreign currency (e.g. Nepali rupees or Mongolian tögrög), your transfer could take longer, potentially even as long as five business days.

Look at our step-by-step guide here if you'd like to find out how to make a bank wire transfer.

Other Wells Fargo Wire Transfer Fees

In addition to the undisclosed transfer fee and exchange rate margin you can expect to pay when sending an international wire with Wells Fargo, there may be other fees before your money finally arrives in your beneficiary's bank account.

For example, depending on your circumstances, the most likely of these fees will be either of the following, levied by third-party banks:

  • An amendment fee of an undisclosed amount if you enter your beneficiary's details incorrectly or insufficiently;
  • correspondent bank fee (usually hovering between $10 and $100) if your bank wire cannot be made directly to your beneficiary's bank account while going through the SWIFT network, and Wells Fargo needs to rely on a third-party bank to finish the job.
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If you're asked to choose between 'SHA', 'BEN', and 'OUR', we recommend avoiding 'OUR' payments wherever possible. These instructions can open the door to your beneficiary's bank or the intermediary bank levying further fees from you long after the transfer has been sent. Learn more.

Wells Fargo Exchange Rates

The total amount you'll pay in fees when making an international wire with Wells Fargo doesn't end with the transfer fees mentioned above.

In addition, you'll also be paying what's known as an exchange rate margin on every international money transfer that you send into a foreign currency. In essence, Wells Fargo will take a hidden cut off the money you transfer by charging you an exchange rate that's inferior to the one used by banks to trade between one another, known as the mid-market exchange rate. They keep the difference.

At Wells Fargo, these exchange rate margins vary from currency to currency, typically fluctuating between 4% and 10% above the mid-market rate and adding to the final amount you pay in fees.

Beware The Hidden Fees

These exchange rate margins are seldom disclosed in a fully transparent manner by banks. In the case of Wells Fargo, for example, while the bank is indeed significantly more forthcoming about this fee than are many banks in the US and abroad, the fact that you'll be paying an exchange rate margin is not made quite as transparent as the fact that you'll be paying a transfer fee.

To this end, Wells Fargo discloses the following information in its Terms and Conditions:

"Wells Fargo makes money when it converts one currency to another currency for you. The exchange rate provided to you is set by Wells Fargo in its sole discretion, and it includes a markup over Wells Fargo's cost of sourcing the relevant currency or currencies."

The bank adds further:

"The exchange rate Wells Fargo provides to you may be different from exchange rates you see online, in publications, at other banks or other foreign exchange providers. Also, different customers may receive different exchange rates for transactions that are the same or similar."

Wells Fargo International Wire Transfer Total Costs

When taken together, Well Fargo's transfer fee and exchange rate margin can constitute a hefty slice of the total value of your transfer — a slice you'll notice most if you plan on wiring less than $750 internationally.

For instance, if you were hypothetically to send $500 to a family member living in Mexico, you would pay $31.64 (or 6.73% of the value of your transfer) in exchange rate margin fees if you chose to make the transfer with Wells Fargo, as well as a further minimum of $30 in transfer fees. The total fee amount ($61.64) would therefore come to more than 12% of your transfer amount and leave your recipient with MXN 8,934 at the time of writing.

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Better Deals By Searching with Monito's Comparison Engine

Compare this to making the same transfer with Remitly, a Seattle-based global money transfer service that was the best deal on Monito's real-time comparison engine at the time of writing. If you were transferring for the first time with Remitly, you'd pay no flat fees and get a better exchange rate than the mid-market rate by the equivalent of $11.73.

Compared to Wells Fargo, this would get your family member a total of 10,410 Mexican pesos. That's over 16% more than they'd have gotten with the bank!

To get a clearer sense of exactly what costs you might expect to pay when making an international bank wire with Wells Fargo, take a look at the fee breakdown below. Bear in mind that we applied the minimum fixed fee of $30 to all of the following transfer examples:

Sent (USD)

FX Margin (USD)

Fees (USD)

Total Cost (USD)

Total Cost (%)

Received (MXN)



















Quoted: 14/12/2020 at 12:00 +01:00 GMT

Are Wells Fargo International Wires Worth It?

All in all, Wells Fargo is a pricey option for sending money abroad from the US. And while the bank does have a reliable reputation and an impressive scope of service, as a result, we recommend that you avoid making international wires with Wells Fargo for your money transfers, especially funds are destined for countries such as Pakistan, the Philippines, and Brazil

That being said, if you already trust Wells Fargo to get the job done and you don't mind paying extra in fees, then it might make sense for you to stick with the bank.

Wells Fargo International Wire Transfer Limit

It is important to know that the minimum amount you can send with Wells Fargo is $25. The bank also sets a maximum daily amount at $5,000.

The maximum total amount that Wells Fargo allows its clients to send during a consecutive 30-day period using the Wells Fargo ExpressSend service is $12,500.

Find a Faster and Cheaper Deal

However, in almost all other circumstances, we recommend you explore your alternatives by comparing the competitive market of specialist services out there. Run a search on Monito's real-time comparison engine to see which services will offer you the best rates. If you'd like to see more about how money transfer specialists differ from banks for sending abroad, then take a look at our guide here.

Save money by using a top money transfer provider:

Wells Fargo International Wire Transfer Alternatives

To demonstrate just how much you could be saving by making the switch, take a look at how Wells Fargo compares to a few of these services on a $500 transfer to Mexico:



Received (MXN)

Payment Option

Cost Overview

Wells Fargo

1-2 days


Bank wire

Upon paying

See more


In minutes


Bank transfer, credit/debit card

In advance

Transfer ❯


~2 days


Bank transfer

In advance

Transfer ❯


~2 days


Direct bank payment, bank transfer, credit/debit card

In advance

Transfer ❯


Same day


Direct bank payment, credit/debit card

In advance

Transfer ❯


Same day


Credit/debit card

In advance

Transfer ❯

Quote: 04/02/2021 at 16:30 +01:00 GMT

FAQ About Wells Fargo International Wire Transfers

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