Bank of America International Wire Transfer Fee: What You Need to Know

Sending money abroad can be a daunting task, especially when it comes to understanding the fees involved. At Bank of America, we offer international wire transfer services that make it easy and convenient to send money online or over the phone in major currencies.

Free* and Fast Money Transfers

Our international wire transfer service is free*, fast, and convenient, making it an ideal option for individuals and businesses alike. You can send money to over 200 countries worldwide, with the ability to track your payment online.

Fees Associated with International Wire Transfers

While our fees are competitive, there may be additional charges associated with international wire transfers. These include:

* Correspondent Bank Fee: This fee is applied when we process an international payment and is typically charged by the recipient bank.

* Recipient Bank Fees: The recipient bank may also charge a fee for receiving payments.

* Beneficiary Bank or Other Institution Return Payment Fees: In some cases, the beneficiary bank or other institutions may return a payment due to insufficient funds or errors.

Understanding Exchange Rates

When making an international payment, it's essential to understand how exchange rates work. We use our standard exchange rate to process payments, and you'll be told in advance how much the recipient will receive.

Split Charges: Paying Fees for Recipients

If you choose to pay the charges for the recipient, we can split the fees with them. This means that the recipient may still need to pay their own bank's fee.

Recalling Payments

In some cases, payments may be recalled due to errors or insufficient funds. While Lloyds Bank International does not charge customers to recall a payment, any return of funds may be subject to deductions.

Bank of America offers a range of international wire transfer services that make it easy and convenient to send money abroad. With competitive fees and a wide range of currencies available, we're confident that our service will meet your needs. If you have any questions or concerns about our international wire transfer fee, please don't hesitate to contact us.

Bank of america international wire transfer fee