![]() 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. If your wire transfer has been processed, you’ll see a message at the top of the screen that says, “Your transfer has been received.” Select “Transfer Activity” if you’d like to review more details about the status.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.Once you’ve verified that there are no errors, select “Make Transfer.” Confirm that all your transaction information is correct.You will also need to select the transaction date and frequency. Select your account and recipient, then enter the amount you want to send.Now that you’ve added your recipient’s information, you can go back to the “Make Transfer” tab to set up a new wire transfer.Enter the recipient’s personal information and bank details.If you’ve already added your recipient’s account previously, skip ahead to step eight. To add a recipient, select “Add Account/Recipient.” You may be asked to complete an authentication step to verify your account ownership.If you see a Service Agreement, read it through and check the acknowledgment box.Select “To/from other banks (includes wires).” Hover over the “Transfer l Zelle®” tab until you see the pop-up menu.Log in to your online Bank of America account.Whether you will send the wire transfer in U.S.IBAN or country specific account structure.Recipient’s bank routing code or SWIFT/BIC number.Recipient’s personal information, including their country, address and bank name.Collect your recipient’s bank information.Here’s a rundown of how the process works. Of course, if you prefer a more personal touch, you can always make an in-person wire transfer at your local Bank of America branch. You can send both domestic and international wire transfers to your own accounts, businesses or others from right inside your online Bank of America account.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |