Wells Fargo offers a convenient service that allows customers to buy foreign currency cash, including pesos, before traveling abroad. However, it is important to note that Wells Fargo does not buy back all currencies, and buy-back rates may differ from rates for ordering cash. Additionally, Wells Fargo does not buy back coins.
Key Facts
- Wells Fargo can often buy back unused foreign currency cash at any of their branch locations.
- However, it is important to note that Wells Fargo does not buy back all currencies, and buy-back rates may differ from rates for ordering cash.
- Wells Fargo does not buy back coins.
Buy-Back Policy
Customers who wish to sell back their unused foreign currency cash can do so at any Wells Fargo branch. However, it is important to note that Wells Fargo does not buy back all currencies. The list of currencies that Wells Fargo will buy back is subject to change, so it is best to contact a Wells Fargo representative before attempting to sell back currency.
Buy-Back Rates
The buy-back rates for foreign currency cash are typically lower than the rates at which Wells Fargo sells the currency. This is because Wells Fargo must factor in the cost of shipping and handling the currency, as well as the risk of loss or theft. The buy-back rates are also subject to change, so it is best to contact a Wells Fargo representative for the most up-to-date information.
Exclusions
Wells Fargo does not buy back coins. This is because coins are difficult to count and verify, and they are also more likely to be lost or stolen.
Conclusion
Wells Fargo offers a convenient service that allows customers to buy and sell foreign currency cash. However, it is important to be aware of the buy-back policy and rates before attempting to sell back currency.
Sources
- Tips for managing money while traveling abroad – Wells Fargo
- Foreign Exchange | Wells Fargo
- Foreign Currency Cash Questions – Wells Fargo
FAQs
Does Wells Fargo buy back pesos?
Yes, Wells Fargo can buy back unused peso cash at any of their branch locations.
Are there any fees associated with selling back pesos to Wells Fargo?
No, there are no fees associated with selling back pesos to Wells Fargo.
What is the buy-back rate for pesos?
The buy-back rate for pesos is typically lower than the rate at which Wells Fargo sells pesos. The exact buy-back rate will vary depending on market conditions.
Are there any limits on how much pesos I can sell back to Wells Fargo?
There are no limits on how much pesos you can sell back to Wells Fargo. However, Wells Fargo may not have enough pesos on hand to buy back large amounts of currency. It is best to call your local Wells Fargo branch ahead of time to inquire about their availability.
What is the process for selling back pesos to Wells Fargo?
To sell back pesos to Wells Fargo, simply visit any Wells Fargo branch and bring your unused peso cash with you. You will need to provide your government-issued ID and your Wells Fargo account number.
How long does it take to get my money back after selling pesos to Wells Fargo?
The funds from selling pesos to Wells Fargo will typically be deposited into your account within 2-3 business days.
Can I sell back pesos that are damaged or torn?
Yes, Wells Fargo will buy back pesos that are damaged or torn, as long as they are still recognizable as Mexican pesos.
Does Wells Fargo buy back other currencies besides pesos?
Yes, Wells Fargo buys back many other currencies besides pesos. For a complete list of currencies that Wells Fargo buys back, please visit their website or contact a Wells Fargo representative.