Wells Fargo & Co And HDFC Bank Limited Sign Agreement for US-India Remittance Service

Wells Fargo & Co announced that it has doubled its ExpressSend remittance network payout locations in India through an agreement with HDFC Bank Limited. With the addition of HDFC Bank`s more than 2,500 branches and over 8,900 ATMs, Wells Fargo customers` beneficiaries can now choose from a network in India of over 5,200 branches and more than 16,000 ATMs for remittances to India. Wells Fargo ExpressSend customers 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, 2012.