Varies by account – fees are commonly around 15 USD International wire sent in foreign currency Here we’ll use the fees that would apply for a payment to a friend in Canada, assuming we want the end amount received to be 1,000 CAD.īank of America international transfer fee Let’s start with a comparison of the costs and delivery times involved when sending an international transfer with Bank of America compared to some specialist providers. We’ll look at these costs one by one in a moment. Third party fees paid to correspondent banks.However, before you start setting up your Bank of America international wire, you’ll need to double check your account terms and conditions, as some account types do come with an international wire transfer fee.Įven if your account allows for cross-border payments with no transfer fee, other charges will apply: Go to Wise Go to OFX Bank of America international money transfer comparisonįor most Bank of America account holders, there’s no upfront transfer fee for international payments sent in a foreign currency. Specialist services like Wise and OFX are convenient to use and could help you make your transfer cheaper and faster. Planning to transfer money abroad with Bank of America? This guide covers all you need to know including the fees for a Bank of America international wire transfer, how long it takes, and how to get started.ĭespite serving some 66 million customers across the US, Bank of America might not be your best choice when it comes to sending an international wire transfer. Best bank to transfer money internationallyīank of America international wire transfer: Fee, rates and transfer time.Best foreign currency accounts in the USA.Complete international wire transfer guide.dollars using the applicable exchange rate without prior notice to you.įor additional information related to Wires and foreign currency wires, please see the Online Access Agreement or applicable service documentation. Incoming wire transfers received in a foreign currency for payment into your account will be converted into U.S. We may refuse to process any request for a foreign exchange transaction. Wells Fargo is your arms-length counterparty on foreign exchange transactions. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. The applicable exchange rate does not include, and is separate from, any applicable fees. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. In addition to any applicable fees, Wells Fargo makes money when we convert one currency to another currency for you.
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