#WAIVE WIRE TRANSFER FEE BANK OF AMERICA HOW TO#
#WAIVE WIRE TRANSFER FEE BANK OF AMERICA FREE#

If you have an online checking or savings account, here are the many steps you’ll go through to do an international wire transfer: Bank of America notes that you may be able to get a better exchange rate through an online transfer rather than an in-person transfer.īank of America’s write transfer features are fairly straightforward (but a bit clunky) since the only way to do a wire transfer without visiting a branch is through an online Bank of America account. Also, Bank of America doesn’t charge a fee for international wire transfers sent in a foreign currency, and the exchange rate for that type of transfer is locked in upfront. However, one positive is that Bank of America does enable a customer to send money via wire transfer to over 200 countries in more than 140 currencies. Some other international money transfer services allow money to be picked up at an affiliated location, delivered to a recipient’s home or even sent to a recipient’s mobile device. Some banks, such as Chase and Citibank, allow wire transfers through their app.Īnother drawback: An international wire transfer at Bank of America must be sent to a recipient’s bank account. Instead, you must do it through your online account or make an appointment at one of the bank’s 4,000 branches. But if you’re not a Bank of America customer, you can’t send wire transfers through the bank.Įven if you are a customer, one drawback of Bank of America (the country’s second largest bank based on assets) is that you can’t send a wire transfer through the bank’s app. If you’re a Bank of America customer, it’s not terribly complicated to execute a wire transfer, and the bank doesn’t charge a fee for certain transfers. An ACH transfer can often take several days, but these transfers generally don't require fees.Bank of America account holders are the only people who can use the bank’s wire transfer feature, and they might want to stick to domestic transfers and avoid international transfers.

#WAIVE WIRE TRANSFER FEE BANK OF AMERICA FREE#

If you don't need the money immediately, an ACH transfer could be an easy and free way to send money.

Many banks allow ACH transfers between bank accounts. Wells Fargo offers a refund for incoming wire transfer fees once per month for customers with Everyday Checking accounts linked to a Wells Fargo Campus Card, the bank's student checking account. Student accounts sometimes have wire transfer fees waived. Receive wire transfers from a student account

For Chase Bank customers, for instance, initiating a wire transfer online can save $10. Making a wire transfer through the bank's website online could lower your fees. Wires transfers made over the phone or in-person can cost more at some banks. Citibank also waives transfer fees for customers with Citigold Private Client accounts. Some higher-level Chase checking accounts, like Chase Private Client Checking and Chase Sapphire checking accounts, also offer free incoming and outgoing wire transfers. For example, Chase offers free incoming wire transfers when sent from another Chase account. If you already have a strong relationship with a given bank, you may be able to save on wire transfer fees. Make wire transfers with banks where you have an existing account These methods depend on your bank, but you may be able to save a few dollars. Wire transfer fees can be high, but there are ways to bring the cost down a little bit.

#WAIVE WIRE TRANSFER FEE BANK OF AMERICA HOW TO#

See Insider's best free checking accounts> How to save money on wire transfer fees $50 (Beyond Checking customers receive 1 outgoing wire transfer fee waiver per month) $30 (Beyond Checking customers receive 1 outgoing wire transfer fee waiver per month) $30 (Preferred Rewards Diamond members qualify for up to 2 international transfer fee waivers Diamond Honors tier members qualify for unlimited waivers) $15 (fee waived for Preferred Rewards Platinum and Platinum Honors members) Outgoing international wire transfer fee (USD) Incoming international wire transfer fee (USD)

Waive wire transfer fee bank of america