bank of america international wire transfer rates

Specialist services can often provide lower fees and a better exchange rate compared to your bank. The best bank for your international transfer may not be a bank at all. Go to Wise Go to OFX Which bank is best for international transfers? You may find alternative services such as Wise or OFX for international transfers with more transparent fees and – often – a better exchange rate. Exchange rate markups and third party costs can also apply even where transfer fees are waived, which push up the price further. *These outbound wire transfer fees do not take into account the exchange rates charged by the banks which almost always include additional costs and charges.Īs you can see, the upfront transfer fees from major US banks do vary widely.

US Bank – $50 for all outgoing international transfers*.

PNC bank – $40 for online transfers, $45 for assisted transfers*.

Wells Fargo – Digital payments in a foreign currency may have no transfer fee*.

Citibank – Digital payments in a foreign currency may have no transfer fee or cost up to $35, depending on your account type*.

Chase – $5 per transfer for online payments, with fees waived for payments of $5,000 or more*.

Bank of America – Digital payments in a foreign currency have no transfer fee*.Let’s start with an overview of the fees that apply to international wires from 6 big banks: Go to Wise Go to OFX Looking for the best US bank for an international wire transfer? We’ll touch on a few alternatives to regular banks later, to help you compare and choose. This guide walks through the pros and cons, features and fees of sending money overseas with 6 major US banks.īanks aren’t your only option for moving money overseas – an online specialist service like Wise or OFX may be able to offer a better exchange rate, a lower overall cost, and a faster delivery.

Sending an international wire with your bank shouldn’t be too much of a headache – but it can be quite expensive, and because third party fees may creep in, your recipient might get less than you were intending in the end. If you need to send an international payment you may be considering using your normal bank as a secure and convenient option.

Best bank to transfer money internationallyĦ Best Banks for International Money Transfers and Alternatives.Best foreign currency accounts in the USA.Complete international wire transfer guide.

Bank of america international wire transfer rates