Wells Fargo Donates $60,000 to Aide Hurricane Stan Victims in Central America...

Wells Fargo Donates $60,000 to Aide Hurricane Stan Victims in Central America and Southern Mexico

Company eliminates remittance transfer fees to El Salvador, Guatemala and Mexico's state of Chiapas


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Los Angeles, CA–(HISPANIC PR WIRE)–October 14, 2005–Wells Fargo & Company said today it is donating $60,000 to organizations aiding victims in El Salvador, Guatemala and Southern Mexico affected by Hurricane Stan. In partnership with its remittance network member banks it also will rebate all remittance transfer fees for U.S.-based customers sending money using its InterCuenta Express(R) service to affected areas until Oct. 31, 2005.

“We are so grateful to Wells Fargo for stepping up and demonstrating its support of our Central American brothers and sisters suffering from the aftermath of Hurricane Stan,” said Hugo Hector Herrera, El Salvador consul general in Los Angeles. “Time and time again, Wells Fargo has proven its leadership and commitment to the Latino community.”

The hurricane is estimated to have caused some 2,000 deaths, with hundreds of thousands evacuated and thousands more still missing. The $60,000 commitment will be equally distributed to benefit the three hardest hit countries.

“Wells Fargo wants to help the survivors of Hurricane Stan put their lives back together and rebuild their cities and villages,” said Shelley Freeman, regional president for Wells Fargo in Los Angeles. “California is home to the largest concentration of Salvadorans, Guatemalans and Mexicans outside of their home countries so it is appropriate that we show our support to friends and family members here in Los Angeles as well as those affected back home.”

Customers can safely transfer funds up to $3,000 daily from Wells Fargo to Banco Agricola in El Salvador and Banco Industrial and Banco de Desarrollo Rural (Banrural) in Guatemala. Once they open an account and their beneficiary’s account information is verified with the receiving bank, customers can transfer money to family and friends in El Salvador and Guatemala through a Wells Fargo banking store, the phone, online banking, or an ATM, with funds made available the following banking day.

Customers can safely transfer funds to beneficiaries in Mexico’s southern state of Chiapas where they can access their funds through any of Banorte’s 29 banking stores, BBVA Bancomer’s 27 banking stores or HSBC Mexico’s 19 banking stores located in that state. The beneficiary must have an account with one of these banks.

The remittance transfer fee will be automatically rebated on the InterCuenta Express(R) Account to El Salvador and Guatemala; for customers wanting to send money to beneficiaries in Chiapas, the customer must call Wells Fargo’s Global Remittance Customer Service and request the rebate. Customers with questions can call Wells Fargo’s Global Remittance Customer Service at 1-800-556-0605, Monday through Friday, 8 a.m.-5 p.m. PST.

Wells Fargo & Company is a diversified financial services company with $435 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, “Aaa,” from Moody’s Investors Service.

Wells Fargo Donates $60,000 to Aide Hurricane Stan Victims in Central America and Southern Mexico