bank of america international wire transfer fee

#Bank of america international wire transfer fee how to

What they're referring to here is what's known as a correspondent bank fee, a kind of 'middleman' fee that can apply to transfers going over the SWIFT network. Over and above the exchange rate margins and transaction fees that you'll be paying when you make an international wire with Bank of America, there may still be other expenses before the money arrives in your beneficiary's bank account.Īccording to Bank of America's fee schedule, taxes 'and other third-party fees' may apply to your international bank wire.

#Bank of america international wire transfer fee how to

If you'd like to find out how to make a bank wire transfer, take a look at our step-by-step guide here. The maximum threshold is only $1,000! If you enrol with Bank of America's SafePass security scheme, then you'll be able to raise this limit significantly, however.

not a business), you will face a very tight limit on how much money you can send abroad daily with Bank of America. Remember that, as an ordinary consumer (i.e.

A total fee waiver for outbound international wires to a foreign currency bank account sent in the same foreign currency.

A $45 transaction fee for outbound international wires to a foreign currency bank account sent in US dollars.

These transfers, which are distinctly different from ACH payments, mean that Bank of America will wire your funds over the SWIFT network and charge a set of fixed fees for the service. To send money abroad with Bank of America, you'll need to use a bank wire (also known as a 'wire transfer') to get the job done. What Are Bank of America's International Wire Transfer Fees?