Wells Fargo Donates $100,000 for J&K Flood Relief Efforts in India
Funds will go to United Way Worldwide; company also offers a transfer waiver fee for remittances sent to India through October 31, 2014
SAN FRANCISCO, October 22, 2014 – Wells Fargo & Company (NYSE: WFC) is donating $100,000 to United Way Worldwide to help with flood relief efforts in the state of Jammu and Kashmir (J&K) in northern India. Floods struck the region in September, killing at least 300 people, submerging hundreds of villages, and triggering landslides. Additionally, to make it as convenient as possible for customers to transfer money to India and help friends and family, Wells Fargo is waiving ExpressSend® remittance fees to India through October 31, 2014.
“Flooding of this magnitude has not been seen in this area for quite some time,” said Tim Hanlon, head of Strategic Philanthropy and Partnerships for Wells Fargo. “Although none of our team members were directly affected, and although we have no facilities in the region, we felt the need to provide assistance, given the scope of the devastation caused by this disaster.”
Now through October 31, 2014, Wells Fargo is also waiving remittance transfer fees for ExpressSend® transfers sent from an eligible checking or savings account to friends and family in India. Customers can send funds to their family or friends in India at more than 5,000 locations and 16,500 ATMs at HDFC Bank and ICICI Bank. Funds can be sent by calling Wells Fargo Global Remittance Services at 1-800-556-0605, going online at wellsfargo.com, or visiting a Wells Fargo banking store. The first remittance for a service agreement must be completed in person at a store.
“Our hearts go out to the families and communities that have been devastated by the flooding in northern India,” said Daniel Ayala, head of Wells Fargo's Global Remittance Services Group. “As these communities begin to recover from this tragedy, we’re honored to do what we can to make it easier for our customers and team members to support their family and friends in India.”
“A national calamity of this magnitude needs help from all quarters and we at Wells Fargo are committed to helping the community recover. Apart from the monetary support, we look forward to working together with our nonprofit partners to aid in the relief and rehabilitation efforts,” said Aveek Mukherjee, managing director of Wells Fargo India Solutions. Wells Fargo team members in India, in association with the nonprofit Goonj, also conducted a weeklong donation drive for essential relief materials such as blankets, medicine, solar lamps, and other supplies.
The Wells Fargo India Solutions team, an extension of Wells Fargo’s technology, operations, and corporate support teams, is comprised of more than 5,000 team members at centers in the cities of Hyderabad, Bangalore and Chennai. In July of 2013, Wells Fargo made a donation of $100,000 to aid in flood relief and recovery in the states of Uttarakhand and Himachal Pradesh in northern India.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. In 2013, the Company invested $275.5 million in grants to 18,500 nonprofits, and team members contributed more than 1.69 million volunteer hours around the country. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
About Wells Fargo Enterprise Global Services (EGS) - India
Wells Fargo Enterprise Global Services (EGS) is a critical component of the Wells Fargo’s (Wells Fargo Bank N.A.) strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo EGS - India (Wells Fargo India Solutions Private Limited and Wells Fargo International Services Private Limited) is primarily an extension of the technology, operations, knowledge services, and corporate support teams of Wells Fargo. It engages in application development and support, testing, other technology functions, international operations, knowledge support, middle and back-end banking process solutions for a wide spectrum of Wells Fargo’s needs. The entities currently have a 5000+ strong team across their offices in Hyderabad, Bengaluru, and Chennai.
