Bank of America wire transfers review

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

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Bank of America

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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.

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

How are Bank of America’s exchange rates?

Like any large bank, Bank of America updates its rates regularly to align with the changing global market. While it doesn’t reveal its exchange rates online, Bank of America will show you the rate that applies to your transaction before you confirm the details of your transfer. You’ll get a weaker exchange rate than you will with a specialist money transfer company.

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 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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 1 - 2 days USD 0.00 0.904 EUR 4,521 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 40.00 0.909 EUR
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.905 EUR 4,521 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.9 EUR 4,499 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1,000 1 day USD 0.00 0.9 EUR 4,499 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
USD 5,000 1 day USD 0.00 0.9 EUR 4,499 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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, you also have the option of obtaining an international money order and then mailing it to your recipient overseas.

Pros and cons of using Bank of America


  • Send money to 200+ countries. Help out family and friends wherever necessary.
  • Secure transfer method. Wire transfers are a secure, reliable way to send money overseas.
  • Transfer options. You can initiate your transfer online or at your local Bank of America branch.
  • Trusted provider. A trusted name in the banking industry, BofA has a long history of providing financial solutions for millions of customers.
  • Two-day delivery. Send money in two business days, which is better than many banks but won’t help with weekend transfers.


  • Fees. Prepare to pay a transfer fee of $35 to $45 when you send money overseas. Domestic transfers cost less.
  • Customers only. You’ll need to have an account with BofA before starting a transfer.
  • Wire transfer or money orders only. Recipients can withdraw cash from their account after the transfer is complete.

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.

Does Zelle work with Bank of America?

Yes. Zelle, the new peer-to-peer payment platform, is available through Bank of America’s app. Here’s how you can use it to transfer money to other Zelle accounts in minutes:

  1. Sign in to Bank of America’s app and select Send.
  2. Choose who you want to send money to.
  3. Enter the amount you want to transfer.
  4. Write an optional note and hit SendMoney.

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.

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Bank of America SWIFT/BIC information

Bank nameSWIFT/BICBank addressRecipient’s nameRecipient’s account number
Bank of AmericaBOFAUS3N222 Broadway New York, New York 10038Beneficiary’s name as it appears on the bank statementComplete bank account number

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.

Compare money transfer services

Bottom line

Bank of America’s wire transfers are a secure, convenient solution when you need to send money overseas.

However, to find a service that’s best for your situation, compare the transfer fees, exchange rates and other details of money transfer specialists.

Frequently asked questions

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74 Responses

  1. Default Gravatar
    RamshuOctober 12, 2019

    One of my friend sent money to my Indian bank account but now they said that I need to pay money for verification. Should I pay money to receive the money transfer?

    • Avatarfinder Customer Care
      AshOctober 12, 2019Staff

      Hi Ramshu,

      Thanks for contacting Finder.

      If you will be paying for a fee with regards to receiving the money transfer, it should be paid to your local bank. You must reach out directly (contact through phone or visit one of their branches) to your local bank if there are any fees that needs to be paid for receiving the International money transfer.

      I hope this helps.


  2. Default Gravatar
    KarenApril 15, 2019

    Hi I have a Bank of America account in Naples Florida but live in the uk. My credit card has expired and I’ve asked for a new one twice to be sent to our Florida address but they both have never arrived. We are not coming to the US this year but would like access to our account. Can a replacement card be sent to our UK address ?

    • Avatarfinder Customer Care
      nikkiangcoApril 16, 2019Staff

      Hi Karen,

      Thanks for reaching out to Finder. Sorry to hear that you haven’t received your Bank of America credit card to your Florida address. It would be best to contact Bank of America immediately that you haven’t received your credit card and inform them of your location. It would be a good idea to ask if they can send it to your UK address as well. You can find their contact details on their CONTACT PAGE on their website. Hope this helps!


  3. Default Gravatar
    AngelicaApril 2, 2019

    Can I transfer money from a Mexico bank to my US bank of America account?

    • Avatarfinder Customer Care
      JhezApril 3, 2019Staff

      Hi Angelica,

      Thank you for your comment.

      Yes, you can transfer money from your account in Mexico to your BOA account. You can do it via online banking by logging in to your account or your can go directly to your bank and have a transaction with them to send money overseas.


  4. Default Gravatar
    MunirahMarch 31, 2019

    Is it true if my customer transfers my money from Bank of America to Malaysian Bank, I have to pay for the activist fee then I will get the money?

    • Avatarfinder Customer Care
      JoshuaApril 2, 2019Staff

      Hi Munirah,

      Thanks for getting in touch with Finder. I hope all is well with you.

      Upon checking, Bank of America does not charge an activist fee. The same is true with Malaysian Bank. What I can advise is for you to be careful with transacting with someone you don’t know on the Internet. There are a lot of scammers on the Internet claiming that you have to pay a fee to get your money. To be sure, only transact with trusted entities. Please speak to your bank as well to learn more.

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

      Have a wonderful day!


  5. Default Gravatar
    UmmuMarch 30, 2019

    If i make a 14k ringgit malaysia transaction from USA to Malaysia account, do the account owner in malaysia have to pay any fee?

    • Avatarfinder Customer Care
      JoshuaApril 2, 2019Staff

      Hi Ummu,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Generally speaking, the receiver or the account owner does not have to pay any fees. Bank of America charges the one who is sending the money and not the one who is receiving the money.

      Of course, there might be some fees that the receiver should pay depending on the local rules and regulations in Malaysia when it comes to receiving money. For this reason, it would be a good idea to directly get in touch with your provider to learn more.

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

      Have a wonderful day!


  6. Default Gravatar
    RichardMarch 11, 2019

    Can I recive money from Barbados and how much can I recive up to how much I can receive

    • Avatarfinder Customer Care
      nikkiangcoMarch 11, 2019Staff

      Hi Richard,

      Thanks for getting in touch! You can definitely receive money from Barbados to your Bank of America account. Transfer costs are shouldered by the sender, the recipient doesn’t bear any costs. To know how the transfer limits and money transfer laws in the US – you can visit this page.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


  7. Default Gravatar
    AbeyaFebruary 21, 2019

    What is needed to receive money into my BOA from abroad in addition to my account and routing no? is there any fee associated with the transfer?

    • Avatarfinder Customer Care
      JoshuaFebruary 23, 2019Staff

      Hi Abeya,

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

      In most cases, it is the sender who pays the fees. Your sender should use your account details when sending the money to ensure that you will receive the money. Once the money is on your account, you should be able to see the fund. Since it is directly sent to your bank account, it automatically goes to your account and you don’t need to present any routing number.

      Feel free as well to confirm with BoA to learn more.

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

      Have a wonderful day!


  8. Default Gravatar
    ScarFebruary 20, 2019

    Hi, is there any fee for a BoA account holder to send funds to Singapore, like activation or clearance fee?

    • Avatarfinder Customer Care
      johnbasanesFebruary 21, 2019Staff

      Hi Scar,

      Thank you for reaching out to Finder.

      Please see the BOA fees associated with sending money internationally below:

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

      You may also need to speak with the receiving bank if there are associated fees towards receiving funds internationally. Hope this helps!


  9. Default Gravatar
    AnnieFebruary 20, 2019

    Can I check with you if a BOA account holder in Texas wishes to transfer money to Malaysia bank, are there any charges to the recipient?

    • Avatarfinder Customer Care
      JhezFebruary 21, 2019Staff

      Hello Annie,

      Thank you for your comment.

      The fee depends on the Malaysian bank you’re sending money to. To be sure, you may want to contact your recipient’s bank and ask about receiving fees.


  10. Default Gravatar
    NicoleFebruary 5, 2019

    I am planning to transfer funds from my Bank of America account into my dollar accounts in the Philippines. Can I do it thru a wire transfer?

    • Avatarfinder Customer Care
      JhezFebruary 6, 2019Staff

      Hi Nicole,

      Thank you for your comment.

      With BOA, yes you can wire money to your USD account in the Philippines. Alternatively, you can check international money transfer services to the Philippines that can send directly to the USD account.


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