Sending money to family and friends in Mexico is a common need for many people. If you’re looking for a reliable and straightforward method, Wells Fargo ExpressSend service offers a way to transfer funds. This guide will walk you through the process of using Wells Fargo ExpressSend to send money to Mexico.
To get started with Wells Fargo ExpressSend, there are three key steps you’ll need to follow. First, you will need to contact a Wells Fargo banker. This initial step is crucial as they can provide you with detailed information about the available options and help you determine if ExpressSend is the right service for your needs. They can explain the different remittance network members available in Mexico and discuss any associated fees or transfer limits.
Next, you’ll need to provide your beneficiary’s information. This includes details about who will be receiving the money in Mexico. You will need to specify your beneficiary’s full name, physical address in Mexico (post office boxes are not permitted), and a telephone number. The phone number can be a Mexican number or a U.S. number, and you’ll need to indicate if it’s a mobile or landline. Crucially, you also need to inform Wells Fargo how you want your beneficiary to receive the funds – either for cash pick-up at a designated location or as a deposit directly into their bank account in Mexico, if that option is available through the chosen remittance network member. Having all of this information ready will streamline the process.
Finally, you are ready to send your first transfer. For the very first remittance under each service agreement, Wells Fargo requires that it be initiated in person at a branch. This is for security purposes to ensure the safe and secure transfer of your money. However, if you have an existing checking or savings account with Wells Fargo, you might be able to initiate your first transfer by calling the Wells Fargo Phone Bank, subject to identity verification and fraud prevention measures. Subsequent transfers can be made more conveniently. After your first transfer, you can send money through a Wells Fargo branch, by phone, or online through Wells Fargo Online at wellsfargo.com. It’s important to note that ExpressSend is not accessible through the Wells Fargo Mobile app; you will need to use a desktop or laptop for online transfers.
It is also important to be aware of eligibility requirements. To use ExpressSend, you must be the sole owner, a primary or secondary joint owner, or have power of attorney on the account from which you are sending funds. If you are using a joint account, the service agreement is in your name only, and other joint owners who wish to send remittances will need to complete their own service agreements. Additionally, minors are not permitted to enroll in ExpressSend, and it’s essential to confirm that your beneficiary in Mexico is eligible to receive remittances, as some countries have restrictions on minors receiving funds.
For more detailed information and to address any further questions you may have, Wells Fargo provides a Frequently Asked Questions (FAQ) section on their website, which can be a helpful resource as you navigate sending money to Mexico.
