Wells Fargo Eliminates Remittance Transfer Fees to China for Families and Friends Affected By The Earthquake
May 14 2008 - 2:29PM
PR Newswire (US)
Wells Fargo Establishes Special Relief Fund SAN FRANCISCO, May 14
/PRNewswire-FirstCall/ -- In response to the recent earthquake that
struck the province of Sichuan in China, Wells Fargo -- with its
remittance network member bank Agricultural Bank of China (ABC) --
is temporarily eliminating all remittance transfer fees (normally
$8 or $10) for U.S.-based customers sending money using the
ExpressSend(R) service to friends and family in China impacted by
the earthquake. The offer is effective through June 30, 2008. "Our
hearts go out to all those who have been impacted by the earthquake
in China," said Daniel Ayala, head of Wells Fargo's Global
Remittance Services Group. "We're united in helping customers
support their families and friends as they begin the recovery
process." The ExpressSend service allows Wells Fargo customers to
send money to family members and friends in China with a US Dollar
account at ABC. ABC has more than 10,300 branches and 17,500 ATMs
throughout China. Customers can send money by calling Wells Fargo
Chinese Phone Bank at 1-800-288-2288 or by visiting a Wells Fargo
banking store. Wells Fargo has the capability to serve customers in
English, Mandarin and Cantonese Chinese. Wells Fargo established a
special relief account on behalf of the American Red Cross of the
Bay Area titled the "American Red Cross China Earthquake Relief
2008." Those interested may go to any Wells Fargo Bank to
contribute funds up to $250 to the special account to support the
disaster relief and recovery effort in China. Wells Fargo &
Company is a diversified financial services company with $595
billion in assets, providing banking, insurance, investments,
mortgage and consumer finance through almost 6,000 stores and the
internet (wellsfargo.com) across North America and internationally.
Wells Fargo Bank, N.A. is the only bank in the U.S., and one of
only two banks worldwide, to have the highest possible credit
rating from both Moody's Investors Service, "Aaa," and Standard
& Poor's Ratings Services, "AAA." DATASOURCE: Wells Fargo
CONTACT: Lisa Westermann of Wells Fargo, +1-415-222-6236, Web site:
http://www.wellsfargo.com/
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