I don’t send a lot of wire transfers so I never looked to “optimize” my banking to achieve this. ** Discover warns their designated intermediate bank may apply a $20 currency exchange fee. It’s $10 if your current balance is below $25,000. * CIT Bank offers free outgoing wire transfers with a current balance of $25,000 or more. A bank may have lower fees for their higher-tier accounts. For example, Capital One 360 doesn’t handle international wire transfers.įinally, fees are for the basic account. N/A means the bank does not do that type of transfer. international (int’l) wires as well as sending international wires as foreign currency or USD, if the bank differentiates. In the table below, we break out domestic vs. dollars because they have to convert it to a foreign currency. With international wire transfers, the fee may be higher if you send it with U.S. Wire Transfer Fees by Financial Institutionīanks will charge you a different fee depending on whether you are receiving or sending a domestic or international wire transfer. If there are intermediary banks involved, those fees are separate and not included in the table. When we list the fees below, we are only listing the fee charged by that bank. As you’ve probably come to expect when it comes to money, every middleman wants a piece of the action. There are also intermediary banks that process the transfer and they may also charge a fee. When one bank sends a wire transfer to another, either bank may charge a fee to the sender and recipient.
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