International Wire Transfer at Bank of America

Bank of America's international wire transfer service enables customers to send and receive funds across borders quickly, securely, and with transparent options. Designed for personal and business clients, the service supports multiple currencies, a wide network of correspondent banks and recipients, and online, mobile and branch-based initiation. Whether you need to pay a supplier overseas, send money to family, or move funds between international accounts, Bank of America's wire transfer solution offers professional controls, tracking, and compliance safeguards.

Key Features

• Global reach: Access to major international banking networks to deliver funds to most countries and currencies.
• Multiple channels: Initiate transfers via online banking, mobile app, or by visiting a branch or calling customer service.
• Currency options: Send in U.S. dollars or foreign currency where supported, with competitive exchange rates for currency conversion.
• Secure processing: Multi-layer authentication, fraud detection, and regulatory compliance to protect your transactions.
• Real-time tracking: Trace wires with reference numbers and tracking capabilities to monitor delivery status.
• Recipient details: Support for beneficiary name, address, account number, IBAN, SWIFT/BIC, and intermediary bank information where required.

How to Send an International Wire

Sending an international wire with Bank of America is straightforward. Choose the channel most convenient for you — online, mobile, or branch — and provide the required information:

• Sender account and funding source.
• Beneficiary full name and address.
• Beneficiary bank name, SWIFT/BIC code or IBAN where applicable, and account number.
• Intermediary or correspondent bank details when necessary.
• Amount and currency to be delivered.
• Purpose of payment or remittance information as required by local regulations.

Review fees, estimated delivery time, and exchange rate (if converting currency), confirm the details, and authorize the transfer. You will receive a reference or confirmation number to track the wire until it is credited to the recipient.

How to Receive an International Wire

To receive international wires into a Bank of America account, provide the sender with your full account name, account number, and the bank's SWIFT/BIC code when required. If the sender is initiating the transfer in a foreign currency, Bank of America will credit your account in U.S. dollars unless you maintain a corresponding foreign currency account. Review any incoming wire instructions and ensure the sender includes the necessary intermediary bank information to minimize delays.

Fees, Exchange Rates and Costs

International wire fees typically include an outgoing wire fee and may include intermediary bank charges and recipient bank fees. Exchange rates for currency conversion are applied when sending or receiving funds in a different currency; Bank of America provides competitive market-based exchange rates, which may include a currency conversion margin. Fees and rates vary by account type, channel, and destination country. Before authorizing a wire, review the fee disclosure and the converted amount to ensure you understand total costs and net delivery.

Processing Times and Cutoff Hours

Processing times depend on destination country, currency, accuracy of beneficiary details, intermediary banks, and regulatory checks. Many international wires are processed same-business-day if initiated before the established cutoff time; others may require one to five business days. Transfers involving complex routing, currency conversions, or additional compliance review can take longer. Plan for potential delays around local holidays and weekends.

Limits and Requirements

• Identification and account verification are required for all senders and recipients to meet anti-money laundering and sanctions screening obligations.
• Account and daily transfer limits may apply depending on account type, customer profile and channel used; business customers may have higher limits under pre-arranged agreements.
• High-value transfers may require additional documentation such as invoices, contracts, or proof of purpose.

Security and Compliance

Bank of America applies robust security measures including encryption, multi-factor authentication, transaction monitoring and sanctions screening. Compliance with international and domestic regulations is a priority to prevent illicit activity and to protect customers. Always confirm recipient details, beware of unsolicited requests, and verify changes to beneficiary instructions through a trusted channel before approving transfers.

Tracking and Support

After initiating a wire, retain the confirmation number for tracking. You can check status via online banking, mobile app, or by contacting customer service. If a wire is delayed or returned, the bank will investigate and, where possible, provide information about the cause and next steps. For business clients, relationship managers and cash management teams can provide enhanced support and reconciliation tools.

Tips for a Smooth International Wire

• Double-check beneficiary names, account numbers, and SWIFT/BIC or IBAN to reduce the risk of delays or rejections.
• Confirm whether beneficiary banks require intermediary bank details or special reference formatting.
• Consider timing for currency markets if conversion rate is important; small timing differences can affect net delivery.
• Keep documentation for high-value or regulated transfers to expedite any compliance inquiries.
• Use online and mobile channels for convenience and immediate confirmation when possible.

Common Questions

Will the recipient receive the exact amount I send? It depends on whether intermediary or recipient banks apply additional fees, and whether currency conversion occurs. Review fee options and advise recipients to check for incoming charges on their side.

Can I cancel a wire after sending? Cancellations are time-sensitive and not guaranteed once processing begins or funds leave the system. Contact the bank immediately to request a recall; success depends on the recipient bank's cooperation and timing.

Conclusion

Bank of America's international wire transfer service combines global reach with secure processing and customer support to meet personal and business cross-border payment needs. Understand the required details, fees, and timing before initiating a transfer, and use available tracking and support resources to monitor and address any issues that arise. With careful preparation and the bank's established networks, international wires can be an efficient way to move funds reliably around the world.

Address Bank: Bank of America Corporate Center, Charlotte, North Carolina, US (corporate/legal) Bank of America Tower (Manhattan), New York City, US (executive), USA
Bank: Bank of America
Headquarters: Charlotte
Products: Payments & Transfers
Type: International Wire Transfer