Wells Fargo Celebrates International Day of Family Remittances with Fee Waiver

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Company will waive remittance transfer fees to all countries, payout
locations from June 16 through 18

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) announced today that it will celebrate
the International
Day of Family Remittances
(IDFR) by waiving all transfer fees for ExpressSend®
remittances sent from June 16 through June 18. According to the United
Nations, which sponsors IDFR, the event is aimed at recognizing the
significant financial contribution migrant workers make, and encouraging
organizations to collaborate to maximize the impact of these funds in
the developing world. According to the World Bank, more than $134
billion in remittances were sent from the United States to other
countries in 2015, representing nearly 25% of remittance volume
worldwide.

“We know our ExpressSend customers count on our service to send money to
family and friends back home who often depend on these funds to pay for
critical daily needs such as housing, groceries, education, and health
care,” said Daniel Ayala, executive vice president and head of Wells
Fargo’s Global Remittance Services. “We’re proud to help raise awareness
of the vital importance of access to consumer remittance services to
millions of people around the world, and to recognize the International
Day of Family Remittances by waiving our transfer fee so customers can
send as much home as possible to help their family and friends.”

Wells Fargo has aligned with the International Fund for Agricultural
Development (IFAD), the World Bank and the United Nations and joined
their industry pledge to work together to enhance innovative financial
technology, provide greater efficiency and lower the cost for a more
accessible financial sector to all.

“Ensuring secure, fast and affordable transfers that can leverage more
opportunities and financial inclusion for remittance families is a key
contribution that private companies can make,” said Adolfo Brizzi,
IFAD’s director of Policy and Technical Advisory. “At IFAD we welcome
and recognize institutions that are committing to these fundamental
values in their economic activities.”

Wells Fargo recently added thousands of new locations to its ExpressSend
remittance payout network, which allows customers to send money to more
than 43,700 payout locations, along with nearly 140,000 ATMs in 13
countries – Mexico, Guatemala, El Salvador, Nicaragua, Honduras,
Colombia, Ecuador, Peru, the Dominican Republic, China, India, Vietnam
and the Philippines.

ExpressSend transactions can be initiated by calling Wells Fargo Global
Remittance Services at 1-800-556-0605, going online at wellsfargo.com,
or visiting a Wells Fargo retail banking branch. The first remittance
sent under each Service Agreement must be initiated in person at a Wells
Fargo branch. Customers with an existing checking or savings account may
be able to initiate their first remittance by calling the Wells Fargo
Phone BankSM. Subsequent remittances may be initiated at a
Wells Fargo branch, calling the Wells Fargo Phone Bank, or through Wells
Fargo Online® at wellsfargo.com.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com)
and mobile banking, and has offices in 36 countries and territories to
support customers who conduct business in the global economy. With
approximately 268,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 27
on Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and help
them succeed financially. Wells Fargo perspectives are also available at Wells
Fargo Blogs
and Wells
Fargo Stories
.

Contacts

Wells Fargo & Company
Kris Dahl, 612-667-7271
kristopher.a.dahl@wellsfargo.com