bank of america incoming wire transfer fee

BANK OF AMERICA INCOMING WIRE TRANSFER FEE FOR FREE

But the problem is that the accounts with zero fees all require higher balances. The best thing about Citibank is that even international transfer fees are waived on accounts that include it. But most of Citibank’s other accounts waive incoming domestic transfer fees, with fees for outgoing domestic transfers ranging from $17.50 to $35 per transaction.

Qualifications for free: Lowest minimum balance is $50,000Ĭitibank waives wire fees on certain accounts, including Private Client, Citi Alliance, and Citigold.

Domestic wire transfer fees: $17.50-$25 outgoing $0-$15 incoming.

If you have accounts linked to your Premier Checking account, a wire transfer fee will apply to any of those accounts, so you’ll need to be diligent to avoid fees. There is a monthly service fee of $25 on this account, but it will be waived if you maintain a $250,000 daily balance.

BANK OF AMERICA INCOMING WIRE TRANSFER FEE FOR FREE

You’ll need to make a $25 opening deposit, but there is no minimum daily balance to qualify for free transfers. Wells Fargo waives wire transfer fees for its Premier Checking account members.

Qualifications for free: Premier Checking account comes with a $25 per month service fee without a $250,000 balance.

International wires: $40 outgoing $16 incoming.

However, Axos Bank does not offer outgoing international wires. Outgoing domestic wire transfers cost $35 per transaction. Qualifications for free: All account holders qualifyĪxos Bank provides wire transfer services with free incoming transfers for all customers, whether domestic or international. International wires: Outgoing not available incoming free Axos Bankĭomestic wire transfer fees: $35 outgoing $0 incoming You’ll get free incoming wire transfers with all Platinum Tier accounts. However, if you mostly receive transfers, you may be able to get away with a $50,000 balance.

With outgoing transfers, though, you’ll be limited to two freebies per statement period. Only Diamond Tier members get free incoming and outgoing transfers. To get free wire transfers with Bank of America, you’ll need to maintain a balance of at least $1 million. Qualifications for free: Platinum or Diamond Tier account requires $50,000 for free incoming and $1 million balance to add two free outgoing transfers per statement period.International wires: $45 outgoing $16 incoming.Domestic wire transfer fees: $30 outgoing $15 incoming.With free incoming international wires transfers and relatively low outgoing transfer fees, Schwab is a strong choice for individuals who frequently transfer funds. Domestic and international outgoing wire transfers both have a fee of $25 per transaction. Incoming domestic and international wire transfers are free for all clients. Qualifications for free: All customers qualifyĬharles Schwab Bank offers competitive wire transfer fees for its customers. International wires: $25 outgoing incoming free Charles Schwab Bankĭomestic wire transfer fees: $25 outgoing incoming free There are no account minimums, and you’ll earn 2.72% APY on your balance. You can set up an account at Fidelity without an opening deposit. However, like Ally, Fidelity won’t cover any fees charged by the receiving bank. Qualifications for free: Available to all Cash Management account holders regardless of balanceĪ Fidelity Cash Management account offers free domestic and international wires.Note that Ally discontinued international outgoing wire transfers in 2013, so you’ll need to use a third-party source to send transfers from your bank account overseas. Outgoing domestic wire transfers are only $20 per transaction. Incoming wire transfers are free, whether they’re domestic or international. Those who need to receive, but rarely send, wire transfers might want to take a look at Ally Bank. Qualifications for free: All customers qualify.International wires: Outgoing not available incoming free.Domestic wire transfer fees: $20 outgoing incoming free.

Here list of banks that offer fee-free wire transfers in some form or another. If you frequently send money via wire, consider opting for a bank that provides wire transfers without added fees, either online or in-branch. 17 Banks & Credit Unions That Offer Free Wire Transfers If you think you’ll frequently send money this way, a bank that lets you avoid wire transfer fees can help you save money. They’ll vary depending on whether they’re incoming, outgoing, domestic, or international. If you’re sending or receiving a large sum of money, paying electronically via wire services can be the fastest, safest way to send money.īut this type of money transfer does come with fees.

Bank of america incoming wire transfer fee