Wells Fargo Cuts U.S.-Mexico Consumer Remittance Fee 20 Percent

Tuesday 29 June 2004 00:55 CET | News

Wells Fargo has reduced the sending of remittances fee to Mexico from the United States through its InterCuenta Express product with 20 percent fee.

Effective July 1, the transfer fee will be lowered from $10 to $8, with a transfer limit of $3,000 per business day. Wells Fargo Gold Pack customers -- those who have purchased a bundled package of services including a checking account and ATM card -- will also receive an additional $2 discount per transfer, resulting in a transfer fee of $6. InterCuenta Express, created in 1995, allows Wells Fargo customers to send money to friends and family in Mexico. The product allows customers to send money safely and conveniently from their Wells Fargo account directly to beneficiary accounts in Mexico at BBVA Bancomer and HSBC Mexico. The newly enhanced InterCuenta Express product offers: - Competitive pricing, - Convenient distribution network and multiple channels, including stores, ATM, Internet, and phone, and - A safe, reliable product supported by the financial strength and reputation of major financial services companies on both sides of the border

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce