They could be levied without warning by a third-party bank if Bank of America cannot make your transfer directly to your beneficiary's bank. These fees will typically cost you anywhere between $10 and $100 per transfer. 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. 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. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.What Are Bank of America's International Wire Transfer Fees? These ads are based on your specific account relationships with us. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.Īlso, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. If you opt out, though, you may still receive generic advertising. If you prefer that we do not use this information, you may opt out of online behavioral advertising. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Relationship-based ads and online behavioral advertising help us do that. We strive to provide you with information about products and services you might find interesting and useful. Transfers with investment accounts you own at Bank of America are only permitted with internal deposit accounts. Transfers with investment accounts you own at other financial institutions are available based on a defined list of investment firms within Online Banking. Checking and savings (only individual brokerage accounts and joint tenants with rights of survivorship brokerage accounts are eligible for Online Banking transfers.)įrom your personal account(s) to the personal account(s) of other Bank of America customersīetween your personal Bank of America account(s) and in-network account(s) at other financial institutions, if you sign up for the email and mobile transfer serviceīetween your personal Bank of America account(s) and the personal account(s) you own at other financial institutions, if you sign up for the transfers the outside Bank of America service areaīetween your personal Bank of America account(s) and the personal account(s) you own at other financial institutions,if you sign up for transfers outside Bank of America service area.Make transfers from checking and savings to: With Online Banking, you can make the following types of electronic funds transfer:īetween accounts you own at Bank of America
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