Bank of America secure international money transfers | finder.com

Bank of America international money transfers

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BankofAmericaSend fast, secure international wire transfers from your BofA bank account.

If you need to transfer funds quickly to a friend or family member anywhere around the world, Bank of America is an easy solution.

Offering wire transfers to more than 200 countries, the bank provides secure, convenient money transfers. The funds you send typically arrive within two business days, and you can initiate your transfer online or at your nearest Bank of America branch.

Wire money to a bank account

As a Bank of America customer you can log into your online banking account and initiate a wire transfer to another bank account from the convenience of your home. Or if you feel more comfortable making the transfer in person, you can head to your nearest branch.

Bank of America is best for:

  • Current BofA customers. If you already bank with Bank of America, you won’t need to set up an account.
  • Worldwide transfers. Bank of America allows you to send funds to more than 200 countries.
  • In-person transfers. You can initiate your transfer online or at your local Bank of America branch. BofA operates thousands of ATMs and branches.
  • Added security. Wire transfers are a safe, secure method of sending money overseas.

How much does Bank of America cost?

Bank of America has a three-tiered transfer fee, with the price depending on the following criteria:

Outbound domestic wire transfer$30
Outbound international wire sent in foreign currency$35
Outbound international wire sent in U.S. dollars$45

What types of transfers can I make with Bank of America?

Bank of America offers international wire transfers directly to your recipient’s bank account in more than 200 countries around the world. If you don’t want to send a wire transfer, it also provides the option of obtaining an international money order and then mailing it to your recipient overseas.

Available currencies and countries

Bank of America supports transfers to 200+ countries. But keep in mind that transfers are not allowed to some countries including the Democratic Republic of Congo, Iran, Iraq, Syria, Myanmar, Belarus and others.

How do I send money overseas with Bank of America?

To send an international wire transfer with BofA, you’ll need to first set up a bank account. You can quickly and easily sign up for an account online with your Social Security Number, contact information and residential address.

Once you have an account, you can send a wire transfer overseas online or at a local Bank of America branch.

To initiate an international wire transfer online:

  1. Log in to your Bank of America account online.
  2. Hover over the Transfers tab and then locate the Send money to someone section and select Using their account number at another bank.
  3. Enter the details of your transaction — how much you’re sending and your recipient’s banking info.

Your transfer will typically be delivered in two business days to more than 200 countries worldwide.

What is Bank of America?

With more than 57 million personal and business customers and operations in more than 40 countries, Bank of America is committed to helping its customers reach their financial goals. Bank of America has 4,800 retail financial centers, roughly 16,000 ATMs and an award-winning online banking platform. A leader in corporate and investment banking, it offers everything you need to manage your finances and save for a secure financial future.

What other products does Bank of America offer?

Bank of America is a full-service bank offering:

  • Checking accounts. Manage everyday finances through feature-packed accounts.
  • Savings accounts. With competitive interest rates, minimal fees and flexible features, you can build a stronger financial future.
  • Credit cards. Extensive options range from basic low-cost cards to high-end rewards cards.
  • Mortgages. Whether buying your first home, your next home or investing, you have a suite of loan products to choose from.
  • Auto loans. Own your next set of wheels sooner with a feature-packed auto loan.
  • Investment solutions. Trade in a wide range of investments and financial instruments online with Merrill Edge.
  • Business banking solutions. From small business banking to complex investment strategies for large corporations, Bank of America looks after the needs of its corporate clients.

What do customers say about Bank of America

Bank of America has been accredited with the Better Business Bureau since 1949 and receives an A- from the organization. Over on TrustPilot, the majority of reviews fall into the “average” category, with a TrustScore of 6.2 out of 10.

How do I contact customer support?

If you need assistance or have a question about your transfer, you can contact Bank of America at 800-933-6262.

TransferWise vs. Bank of America

How does Bank of America compare to other services?

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 0.852 EUR 4,259 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 Within an hour USD 3.99 0.847 EUR 4,230 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 100 3 - 5 days USD 0.00 0.85 EUR 4,251 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
USD 1,000 1 day USD 0.00 0.851 EUR 4,255 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 3 - 5 days USD 50.00 0.858 EUR
4,247
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details

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10 Responses

  1. Default Gravatar
    daleMay 8, 2018

    Bank of America: 2 questions for you:

    1. As a south african working abroad with a US Wells Fargo account, I would like to send money back to my south african bank.

    Can i change from wells fargo to Bank of America to do this? I don’t have social secuirty number, but a passport number.

    2. Is there a daily and monthly limit to how much i can send?

    • Staff
      JoshuaMay 8, 2018Staff

      Hi Dale,

      Thanks for getting in touch with finder. I hope all is well for you. :)

      Please note that we are not affiliated with Bank of America or any company we feature on our site and so we can only offer you general advice.

      Let me answer your questions one by one:

      1. Yes, you can create a new Bank of America account. However, please check their eligibility requirements since you are a non-resident and each state has their own set of requirements as well.

      2. It is worth noting that you need to be a current BofA customer to use their money transfer services. According to BofA’s website, “Fees and limits may apply, depending on your account type and the type of wire. You will be able to review any fees and limits before completing your wire transfer in Online Banking.”

      I would recommend that you directly get in touch with BofA to learn more about their money transfer services.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    peteApril 5, 2018

    there is a international company that need to transfer funds to bank of america account but they have alittle problems what i need to do.

    • Staff
      nikkiangcoApril 5, 2018Staff

      Hi Pete,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      First of all, you’d need to ask them what problems they have that’s preventing them from transferring money to Bank of America.

      To clarify, is this your account from Bank of America?

      Since the money is coming from another bank/money transfer service, the rules/restrictions is dependent on them and not for BOA.

      This page may help you understand how receive money internationally.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Cheers,
      Nikki

  3. Default Gravatar
    JohnMay 26, 2017

    I remitted USD 50 from Bank in India by Swift for credit to my BofA account.charged USD 16. What is the charge structure?

    • Staff
      HaroldJune 22, 2017Staff

      Hi John,

      Thank you for your inquiry.

      With this specific concern, the fees allotted to a transaction may vary depending on the bank/money transfer company. You can back track the information by contacting the bank in India where you had a transaction with.

      I hope this information has helped.

      Cheers,
      Harold

  4. Default Gravatar
    NanaMay 16, 2017

    I want to find out which bank offers the lowest rate and the highest speed transfer from Europe to USA.

    • Staff
      HaroldJune 27, 2017Staff

      Hi Nana,

      Thank you for your inquiry.

      Through this page you can check the information at the table where it has a section label “How does Bank of America compare to other services?”
      1. Go to “I want to send” – This is to set the From/To country as well as the amount.
      2. At the table you can see the information such as:
      – Transfer speed
      – Amount received

      You can use these details to review and compare their offers that will fit your personal requirements.

      I hope this information has helped.

      Cheers,
      Harold

  5. Default Gravatar
    OtutoApril 6, 2017

    Hi, I have an account with Bank of America and I want to send Money to Zenith Bank Nigeria, can Bank of America pay into my friend’s account directly with Dollar amount. For instance, to send $158 to NIGERIA.

    • Staff
      HaroldJuly 12, 2017Staff

      Hi Otuto,

      Thank you for your inquiry.

      Here is the process for an international wire transfer online:
      1. Log in to your Bank of America account online.
      2. Click the Transfers tab and then Outside the Bank Transfers.
      3. Enter the details of your transaction — how much you’re sending, the currency and to where.

      I hope this information has helped.

      Cheers,
      Harold

US International Money Transfers Offers

Important Information*
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Go to site