Just your regular reminder that #WellsFargo is a garbage institution. Our one-branch credit union doesn't have a SWIFT number and my daughter needed one to receive the funds from her (UK) educational savings account, so she opened a Wells account. Dealing with them has been incredibly frustrating, and the manager of her branch just refused to produce a letter with her account info and wire instructions for the UK bank and slammed the phone down on me.
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@pluralistic Credit unions are the *only* banking institutions worth a damn.
@pluralistic A more general observation: over a generation ago, the US banks deskilled branch employees, and disempowered branch managers, centralizing authority in bureaucracies normal customers can reach only through opaque escalation paths (speaking as a customer, not an insider).
The branch manager who slammed down the phone had no idea how to get the piece of information you needed.
@pluralistic Wells Fargo are a bunch of crooks, so happy I moved to a credit union. Maybe use Wise.com to transfer funds?
@pluralistic
Here's my additional vote for Wise for anything related to international funds exchange/transfer. Seamless, responsive, better exchange rates, low fees.
@pluralistic I am a Wells Fargo account holder of decades. The wire transfer instructions (both domestic for me in the US, and international through SWIFT) are on the Wells Fargo web site, although it may take a Google search to navigate to them.
My brother in Switzerland has found a Wise bank account (I do not know the exact name) more useful for international wire transfers, than local banks in either country.
@pluralistic they would rip you off on forex margin anyway. Better to get something like Wise that is at least honest about charges and provides local bank details
@pluralistic its bonkers to me that them and hsbc are just 'allowed to keep doing stuff' after getting caught laundering money for various crime syndicates and cartels
