![]() The median wire transfer fee for the institutions we surveyed is $15 for incoming domestic wire transfers, $25 for outgoing domestic wire transfers, $15 for incoming international wire transfers and $45 for outgoing international wire transfers. Wire transfer fees generally range from $0 to about $50. FAQs Wire Transfer Fees: What Banks Charge - NerdWallet? › If a bank asked for a ZIP code, we used the ZIP code for the bank's headquarters and compared with ZIP codes in different states to check for variations. If there are multiple ways to perform a wire transfer, the price of the cheapest way, which is usually through online banking, is shown. In the case of international wire transfers with different fees based on currency conversion or processing, we averaged each bank's fees first.ĭetails on how data for the chart was gathered: These are standard fees for one-time wire transfers based on each financial institution’s disclosures and policies. If there were two or more fees for a certain type of wire transfer, we chose the price that would apply to standard checking accounts. For calculating medians, financial institutions that don't provide domestic or international outgoing wire transfers were excluded from the relevant fee category. ![]() banks based on assets, debit card volume and internet search traffic the nation’s largest credit unions with broad-based membership requirements and other notable and/or emerging players in the industry. We looked at nearly 40 financial institutions: the largest U.S. Bank of America notes that most wire transfers arrive at their destination in 1-2 business days. Bank of America international transfer times. Note that these methods each have limitations to how much you can send. For an international wire transfer, other financial institutions involved in the wire transfer may also charge fees and deduct their fees from the amount of the wire transfer. If you need to send money abroad, look for money transfer service providers that offer better exchange rates, such Wise, Xoom and others listed in our roundup of the best ways to send money internationally. to friends and family, consider Venmo or Cash App, and other nonbank providers that charge fewer fees. » Have time to spare? Consider ACH transfers and what they costīank wire transfers aren't the only way to send money.
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