How to make a wire transfer with Bank of America

What ’ s the best way to send money to friends and family as an american exile ? If you are a node of Bank of America ( BoA ), the most obvious solution could be a Bank of America international telegram transfer .
But with engineering changing and evolving, wire transfers aren ’ t the fastest or cheapest options anymore. amazingly, most bank still require a visit to a local bank branch when wiring money internationally .
This is where Wise can help streamline this process. Wise is brassy, fast and a secure alternative to sending an international wire transfer with Bank of America. however, if you hush want to wire money on-line with Bank of America, here ’ s how to get started .

Send a domestic / international wire transfer with Bank of America

Bank of America makes it easy to wire money on-line correct inside your BoA bank account. And this applies to both domestic and external wire transfers.

You can choose to send money to your own history, another recipient role or even a occupation, all from within the BoA on-line portal site. You can besides make an appointment to send a cable transfer in-person at a local Bank of America placement .
here are the instructions for getting started wiring money as a Bank of America customer .

1. Get the recipient’s wire information (bank details)

The first step is to collect the recipient role ’ randomness wire information. here ’ s a tilt of precisely what you need from the recipient in regulate to wire money on-line .

  • Recipient’s bank name, address and country
  • Bank routing code or SWIFT/BIC or National ID
  • Recipient’s bank account number
  • An IBAN or country specific account structure (if this is an international wire transfer)
  • Currency of choice (choosing between foreign currency and U.S. dollars)
  • Reason for sending a wire transfer

2. Sign into Bank of America’s online banking

once you have all the information you need to send a wire transfer, bless into Bank of America ’ mho on-line banking system .
navigate to the “ Transfers ” yellow journalism and select the “ using their account number at another bank ” option .
adjacent, choose the “ same-day wire transfer ” choice and cover following the instructions on the shield .

3. Use the SafePass feature

Bank of America recommends that electrify transportation customers sign up for their SafePass feature of speech. This adds an extra layer of security for electrify transfers more than $ 1,000 that are initiated within the on-line banking portal site inside Bank of America .
The SafePass feature allows you to authorize higher-value transfers with a 6-digit code sent via text message as a way of verifying your identity. There are no lend fees for this overhaul .

Receive international wire transfers with Bank of America

In order to receive an international money transfer to your Bank of America account, you will need to provide your transmitter with the following wire transfer instructions :

Bank details Description
Name of your bank Bank of America NA
Bank of America SWIFT Code for international transfer BOFAUS3N – for US dollars (USD) or unknown currency
BOFAUS6S – for foreign currency (non-USD) denominated wires
Bank of America Routing Transit Number 026009593
Beneficiary Account Number Your complete Bank of America NA account number (including leading zeros)
Beneficiary Name The name of your account as it appears on your statement

Bank of America address for wire transfers

Use the follow Bank of America address for wire transfers regardless of where your report is located :

Bank Address
Bank of America Bank of America, N.A., 222 Broadway, New York, NY 10038

Bank of America international wire transfer fee

The process for wiring money with Bank of America is fairly square, but how a lot does it cost ? here ’ s a quick dislocation of what fees you can expect to pay when trying to wire money with Bank of America.

Type of wire transfer Transfer Fee
Domestic wire transfer fees $30 for each outbound transfer sent with the U.S.
International wire transfer fees $35 for outgoing wire transfers in foreign currency, or $45 outgoing wire transfers sent in U.S. dollars

When deciding between sending foreign currency or U.S. dollars, it ’ mho crucial to consider all the fees involved. This includes factors such as exchange rates, currency handiness and wire transfer fees .
You can be surprised by how many different parts can make up the sum price of your transfer. If you look close at the fees, your entire cost can include transportation fees, conversion fees and hide fees added to the exchange rate. Always check your best offer with Wise before making an international wire transfer .

How long does it take for a wire transfer with Bank of America?

A Bank of America wire transfer sent domestically, generally arrives at the recipient role ’ s deposit within 1-2 business days. For international wire transfers it can take 2-3 occupation days to process². This timeline is only possible if you process the telegram transfer by the casual cut-off clock time .
For both domestic and international wire transfers in U.S. dollars and foreign currentness, the daily cut-off meter is 5pm EST. Any cable transmit requests made after this cut off time will be processed by Bank of America on the future clientele day .

Type of transfer Timeline²
Domestic wire transfers within to 1-2 business days
International wire transfers up to 2-3 business days

What is the wire transfer limit for Bank of America?

According to Bank of America ‘s Service Agreement, the electrify transfer terminus ad quem for domestic and international outgoing wire transfers are both $ 1000³ .

Type of transfer Limit³
Outbound domestic wire transfers $1000
Outbound international wire transfers $1000

As a cheaper and faster alternative to using Bank of America to transfer funds, check out Wise .
Wise is a simple alternative for cross-border payments and money transfers. It ‘s easy, cheap and firm. On clear of that, it ’ mho fabulously easy to set up a transfer and we ’ ll update you on your transfer ’ randomness advancement every step of the way via e-mail. Join over 7 million glad Wise customers .
Open your dislodge Wise score now 🚀

Bank of America wire transfer customer service

If you ‘re experiencing difficulties with your telegram transfers, you can contact Bank of America customer service with the following options

  • Schedule an appointment on their website
  • Call Bank of America at 877-337-8357
  • From outside of the U.S., call at 302-781-6374.

Sources :
All sources checked on 9 March 2022
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any natural process on the basis of the contented in this publication. The information in this publication does not constitute legal, tax or early professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a alike consequence. We make no representations, warranties or guarantees, whether express or implied, that the capacity in the publication is accurate, complete or up to date .

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Category : How

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