Wells Fargo Observes International Day of Family Remittances, Offers Fee Waiver

Company to waive ExpressSend^®
remittance transfer fees to all countries, payout locations June 15–18

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) announced today it will commemorate
the International
Day of Family Remittances by waiving all transfer fees for ExpressSend^®
remittances sent June 15–18.

The day first was proclaimed in 2015 by the International Fund for
Agricultural Development, an agency of the United Nations. It is
observed to recognize the significant financial contributions of migrant
workers and to encourage organizations to collaborate and maximize the
impact of these funds in the developing world. According to the World
Bank, more than $138 billion in remittances were sent from the U.S. to
other countries in 2016, representing nearly 24 percent of remittance
volume worldwide.

“Wells Fargo takes great pride in offering our ExpressSend remittance
service, which is valued by customers who send money to family and
friends back home, many of whom rely on the funds to help cover
essential daily living needs, educational support or health care
expenses,” said Daniel Ayala, head of Wells Fargo’s Global Remittance
Services. “Once again this year, the International Day of Family
Remittances gives us an opportunity to help raise awareness of the
lifeline that immigrants provide to their family and close friends
worldwide. Millions of immigrants in the U.S. and the rest of the world
provide key financial support that often helps drive the advancements of
their families and the economic development of countries of origin. To
celebrate this special day and say thank you to our customers, we will
waive the transfer fee, which will help customers send as much money as
possible to support their family and friends at home.”

Wells Fargo has aligned with the United Nations and the International
Fund for Agricultural Development in endorsing the International Day of
Family Remittances and in advocating to work together across sectors to
enhance innovative financial technology, provide more efficient and less
expensive remittance services, and more access to financial services.

Today, Wells Fargo customers can send money to family and friends at
more than 43,700 ExpressSend remittance payout locations and more than
140,000 ATMs in 13 countries, including Mexico, Guatemala, El Salvador,
Nicaragua, Honduras, Colombia, Ecuador, Peru, the Dominican Republic,
China, India, Vietnam and the Philippines.

The transfer fee will be automatically waived for ExpressSend
transactions that are initiated starting at midnight, Central time, June
15 through 11:59 p.m., Central time, June 18. ExpressSend transactions
can be initiated by calling Wells Fargo Global Remittance Services,
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 Bank^SM. 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. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investments, mortgage, and consumer and
commercial finance through 8,200 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42 countries and
territories to support customers who conduct business in the global
economy. With approximately 265,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 25 on Fortune’s 2017 rankings of America’s largest
corporations. News, insights and perspectives from Wells Fargo are also
available at Wells
Fargo Stories.

Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements about our future
financial performance and business. Because forward-looking statements
are based on our current expectations and assumptions regarding the
future, they are subject to inherent risks and uncertainties. Do not
unduly rely on forward-looking statements as actual results could differ
materially from expectations. Forward-looking statements speak only as
of the date made, and we do not undertake to update them to reflect
changes or events that occur after that date. For information about
factors that could cause actual results to differ materially from our
expectations, refer to our reports filed with the Securities and
Exchange Commission, including the “Forward-Looking Statements”
discussion in Wells Fargo’s most recent Quarterly Report on Form 10-Q as
well as to Wells Fargo’s other reports filed with the Securities and
Exchange Commission, including the discussion under “Risk Factors” in
our Annual Report on Form 10-K for the year ended December 31, 2017,
available on its website at www.sec.gov.

Contacts

Media
Jim Seitz, 612-316-2447
Jim.Seitz@wellsfargo.com
@JimSeitzWF
or
Investor
Relations
John Campbell, 415-396-0523
John.M.Campbell@wellsfargo.com