Wells Fargo review

Founded in 1852 and based in San Francisco, USA, Wells Fargo is a high-street bank. Wells Fargo is authorised and regulated by OCC, FDIC, Federal Reserve, which means customer money is safeguarded separately from company funds.

On the fee side, expect $30-$45 per international wire, but the bigger cost is usually the exchange-rate markup of 3% - 5% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $100,000 per transaction. In our own rate collection, across the 7 corridors we track for Wells Fargo, its exchange rate has averaged 3.17% from the mid-market rate.

Delivery speed is quoted at 2-5 business days, and the service reaches 200+ countries across 100+ currencies. You can fund a transfer by Bank Transfer, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors Wells Fargo handles best.

On the plus side: trusted us bank with wide branch network, send from existing account and expresssend for select countries. That makes it a sensible choice for existing customers who value keeping the transfer inside their own bank. Worth keeping in mind: high transfer fees ($30-$45) and significant exchange rate markup (3%+).