MoneyWorks4Me

Wells Fargo & Co inks pact with HDFC Bank

15 Jun 2012 Evaluate

Wells Fargo & Co. (WFC) inked pact with HDFC Bank for extending its ExpressSend remittance network payout locations in India. With this deal, WFC’s customers can now select from a network in India of over 5,200 branches and more than 16,000 ATMs for remittances to India. WFC has added HDFC Bank's more than 2,500 branches and over 8,900 ATMs.

Wells Fargo ExpressSend users can send up to $5,000 per day to their beneficiary's HDFC Bank account using the account-based ExpressSend service for a $5 fee. The fee for account-based transfers to HDFC Bank will be waived through August 31.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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