Wells Fargo has announced that it has added Scotiabank and Remesas BAC Credomatic to its network of ExpressSendpay-out locations in El Salvador.
The new members added to the remittance network bring the total number of pay-out locations in El Salvador to over 500 with more than 1,200 ATM machines.
ExpressSend customers can send up to $1,500 per day to their recipient in El Salvador for a low transaction fee of $7. The money will be paid in US Dollars, and can be made available for cash-pick up or deposited to a recipient’s account.
“Remittances like those provided by Wells Fargo’s ExpressSend service are a vital part of El Salvador’s economy – they account for 16.5% of the country’s GDP – and many families rely on them as a source of income,” said Daniel Ayala, Executive Vice President and Head of Wells Fargo‘s Global Remittance Services. “Our customers want to make it as convenient as possible for their friends and family to receive the money they send, this expansion will make it even easier for those beneficiaries to receive their money.”
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