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Wells Fargo extends integrated global treasury platform to Europe

As part of its commitment to deliver a single, global treasury channel which provides consistent user experience for US companies doing business abroad Wells Fargo Bank has extended its cash management suite to UK and Europe.

The new services available in UK and Europe give visibility and control with in-market accounts that are consolidated with US-based Wells Farg accounts in reporting, enquiry and account analysis services. Customers can access local and pan-European payment systems, 40-country ACH payments, their Wells Fargo accounts world-wide, and global cash positions with a single sign on to the Commercial Electronic Office® Internet portal. Wells Fargo operates a regional hub in London, where more than 250 team members provide local support and expertise as an extension of the cusotmers' relationships in the US. Over the counter services throughout the UK are provided by a 1,500 branch partner bank network.

Key to Wells Fargo's European treasury solution is the CEO portal, which enables US-headquartered companies to send low-cost electronic payments to employees and vendors in the SEPA region and European Union plus to eight additional markets.

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