Wells Fargo has temporarily waived remittance fees for customers sending money to the Philippines, to help survivors of Typhoon Haiyan.
The bank originally announced it would wave fees for the rest of this month, but has extended the deadline to 14 December. Customers sending money from an eligible current or savings account to family or friends in the Philippines can do so free on the ExpressPay platform.
Go deeper with GlobalData
Daniel Ayala, head of Wells Fargo’s global remittance services group, said: "Communities all over the Philippines are still reeling from the devastation of this terrible storm, and we know that our customers want to send as much as they can to help.
"We’ve extended our remittance transfer fee waiver so that our customers have more time to help their families, friends and communities back in the Philippines."
Customers can send money to accounts in a number of partnered banks including Bank of the Philippine Islands, BDO Unibank, Metrobank, M.Lhuillier and Cebuana Lhuillier.
Wells Fargo also announced that customers had donated over $600,000 to the American Red Cross Disaster Relief Fund since the beginning of the humanitarian crisis.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCustomers can still donate at more than 12,000 ATMs across the US. Wells Fargo has also out-of-network ATM fees for debit card holders who use their cards in the Philippines.
Related articles:
TawiPay launches remittance fee comparison site
Azimo expands footprint into Germany and Ireland
MTN and Visa partnership to launch in Ghana
