Wells Fargo Swift code for United States City The country code for the United States is US, and the last two characters, 6S, indicate San Francisco, where Wells Fargo’s headquarters is located. In Wells Fargo’s case, the first four characters are WFBI, indicating Wells Fargo Bank International.
The code consists of 8 or 11 characters, with the first four characters “ WFBI” indicating the bank’s code, the next two characters “ US” indicating the country code, and the last two characters “ 6S“indicating the location code. It is a unique identifier assigned to Wells Fargo by the SWIFT network. The Wells Fargo Swift code is also known as the BIC code, which stands for Bank Identifier Code. Each bank has a unique Swift code that is used to identify it in international transfers. The code is a combination of letters and numbers that helps banks around the world recognize Wells Fargo as the recipient of the transfer. What is the Wells Fargo Swift Code?Ī Wells Fargo Swift code is a code used to identify the bank in international wire transfers. To complete an international wire transfer, you will need to provide the Wells Fargo Swift code, which is a unique identifier that helps banks around the world recognize Wells Fargo as the recipient of the transfer.
The bank offers a variety of financial products and services, including international wire transfers. Wells Fargo is one of the largest banks in the United States, with a history that dates back to 1852.
#Wells fargo swift code for international wire transfer how to
How to Use the Wells Fargo Swift Code for International Transfers?. Wells Fargo Swift code for International. Wells Fargo Swift code for United States. This means you'll be able to use Wise to receive money like a local in the US (and other currencies), making it an excellent online account for this purpose. What's more, you'll be able to send, hold, spend, and receive US dollars and other foreign currency at the mid-market exchange rate with low, transparent fees. Using a Wise Account (available in the US), you'll get local bank account details for 10 different currencies. It's called the Wise Account and it's available for both individuals and businesses. Luckily, a much better alternative exists to save money when receiving money in the US from abroad. With costs like this, you'd easily receive $50 to $100 less per $1,000 sent than you would've had transferred at the real, mid-market exchange rate. Compare now on Monito's real-time comparison engine to find the cheapest way to send to any Wells Fargo account in the US:Īre you expecting a transfer from abroad and is the sender asking you to provide a Wells Fargo SWIFT/BIC code? Then you're likely going to receive less than you should because of the high international bank transfer fees and bad exchange rates that are usually applied by the senders' bank.įor example, a typical foreign bank will charge between 5% and 10% in total fees for sending a $1,000 equivalent to the US. Using a digital money transfer provider, not only could you up to 95% in fees compared to the bank, but you'll also be able to send money more quickly to your beneficiary's account at Wells Fargo. At Monito, we analyzed the cost of sending money with around 50 major banks in eight countries around the world, and we can confidently say that we don't recommend using your bank to send money to the US.Īdditionally, bank transfers via the SWIFT network tend to take quite long (between one and five business days on average), meaning they're not a good option if you want to make a speedy transfer.įortunately for you, much smarter alternatives exist. This is because fixed international bank transfer fees, bad exchange rates, and correspondent banking fees can stack up very quickly. If you're sending money internationally to a Wells Fargo account in the US through your local bank, the transaction will likely be much pricier than it ought to be.
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