Wells Fargo Ranked #1 Consumer Remittance Services Provider; Reaffirms Commitment to Providing Remittance Services

  Wells Fargo Ranked #1 Consumer Remittance Services Provider; Reaffirms
  Commitment to Providing Remittance Services

Business Wire

WASHINGTON -- December 14, 2012

The Inter-American Dialogue released a study today naming Wells Fargo &
Company (NYSE:WFC) a top ranking consumer remittance services provider. Wells
Fargo tied for first place with two other companies, out of a field of 37.
This is the only industry study focused on evaluating remittance services
providers based on price, foreign exchange rates, convenience, distribution
and quality of service.

Daniel Ayala, head of Wells Fargo Global Remittance Services (Photo: Business
Wire)

Daniel Ayala, head of Wells Fargo Global Remittance Services (Photo: Business
Wire)

“We’re thrilled that the Inter-American Dialogue has acknowledged Wells Fargo
for being a leader in providing remittance services,” said Daniel Ayala, head
of Wells Fargo Global Remittance Services. “Despite the pending regulations
that are causing some large banks and traditional remittance companies to exit
the business or reevaluate their strategy, we want our customers to know that
Wells Fargo is committed to meeting all of their financial needs and that
means continuing to provide an economical, convenient and dependable way to
send money home to key remittance receiving countries in Latin America, the
Caribbean and Asia.”

The Inter-American Dialogue is the leading U.S. center for policy analysis,
communication and exchange on Western Hemisphere affairs. The study was
prepared by Dr. Manuel Orozco, Remittances and Development Program,
Inter-American Dialogue, and the research was conducted between April 2012 and
October 2012. Dr. Orozco is the senior associate and director of remittances
and development at the Dialogue. He has conducted extensive research, policy
analysis and advocacy on issues relating to global flows of remittances, and
migration and development worldwide.

“In 2010, Wells Fargo was named the top bank-managed remittance provider,”
said Dr. Orozco. “Since the last study, Wells Fargo has managed to increase
its transparency, breadth of service and the number of locations, making it
well deserved of being named among the top three companies of all remittance
providers, not just banks.”

Earlier this year, Wells Fargo announced record growth for its Global
Remittance Services and reported total consumer remittance value remitted in
2011 at $1.8 billion.

Wells Fargo is celebrating this industry accolade by extending its end of year
holiday free transfer offer campaign to January 31, 2013. Wells Fargo is
giving a fee rebate to all customers remitting over $300 from an eligible
checking or savings account when sending money to friends and family. More
details can be located at
https://www.wellsfargo.com/jump/credit/grs_expresssendholidayrebate?mplx=6878-37455-3408-27.

Wells Fargo  ExpressSend customers can send funds to their beneficiaries in
most countries through their choice of four remittance alternatives– account
to account, account to cash, cash to cash, or cash to account. Customers can
send money to Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Dominican
Republic, Bolivia, Colombia, Ecuador, Peru, Philippines, India, Vietnam, and
China. The Wells Fargo  ExpressSend service is available via most key customer
channels including all Wells Fargo Bank store locations,
https://www.wellsfargo.com/per/intl_remittance/ and the Wells Fargo Phone
Bank^SM at 1-800-TO-WELLS (1-800-556-0605).

Wells Fargo has been active in the international remittance market since 1994
when we began offering the Philippines ATM remittance account for customers
sending money to the Philippines and in 1995 when we launched the InterCuenta
Express^® consumer remittance product to Mexico. In subsequent years we have
improved customer choice and convenience by introducing new ways of remitting
money using the Wells Fargo ExpressSend service and extending our remittance
capabilities to include 14 countries in Latin America and Asia.

Wells Fargo was the first bank in the United States to promote the use of the
Matricula Consular as a form of identification to help Mexican Nationals move
from the risky cash economy to secure, reliable financial services. Since then
— with the active support of the U.S. Treasury Department and hundreds of
local police departments and municipalities — Wells Fargo expanded the program
to include immigrants from Argentina, Colombia, El Salvador and Guatemala.

About The Inter-American Dialogue

The Inter-American Dialogue is the leading U.S. center for policy analysis,
communication and exchange on Western Hemisphere affairs. Since 1982, in
successive Republican and Democratic administrations and through many changes
of government in Latin America and the Caribbean, the Dialogue and its 100
members from throughout the Americas have helped shape the agenda of issues
and choices in hemispheric relations. The Dialogue seeks to promote informed
debates on hemispheric problems, advance opportunities for regional economic
and political cooperation, expand channels of communication among the
countries of the Americas, and bring fresh, practical proposals for action to
the attention of governments, international institutions, and private
organizations.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With more than 265,000 team members,
Wells Fargo serves one in three households in the United States. Wells Fargo &
Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’ financial
needs and help them succeed financially.

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Contact:

Wells Fargo & Company
Lisa Westerman, 415-222-6236 (Media)
lisa.b.westermann@wellsfargo.com
 
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