incoming international wire transfer bank of america

A bank or credit union must disclose the dollar amounts of wire transfer fees and other charges when you set up your account. dollars using the applicable exchange rate without prior notice to you.įor additional information related to Wires and foreign currency wires, please see the Online Access Agreement or applicable service documentation.Via Wise website What Are the Rules on Wire Transfer Fees?įinancial institutions decide how much to charge for wire transfers, based in part on any state laws that apply. Incoming wire transfers received in a foreign currency for payment into your account will be converted into U.S. We may refuse to process any request for a foreign exchange transaction. Wells Fargo is your arms-length counterparty on foreign exchange transactions. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. The applicable exchange rate does not include, and is separate from, any applicable fees. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return.

The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. In addition to any applicable fees, Wells Fargo makes money when we convert one currency to another currency for you.

To learn more about Wells Fargo’s foreign currency cash solutions visit or contact your local Wells Fargo branch and speak with a representative. Call or visit a branch to learn more.įor businesses with employees that travel outside the United States or for companies that deal regularly with customers who pay for goods and services with foreign currency, Wells Fargo offers a variety of foreign currency cash services. Your local Wells Fargo branch can accept checks issued in a limited number of foreign countries and currencies. To order a foreign draft, find a branch near you or call 1-80. įor Wells Fargo account holders, we offer bank drafts payable in select foreign currencies. To learn more about sending wires around the globe from your smartphone or computer with Wells Fargo Online ® Wires visit Wells Fargo Online Wires. Wells Fargo can also receive wires denominated in many foreign currencies.įor additional questions around sending and receiving foreign currency wire transfers call 1-80, or visit your local Wells Fargo branch and speak with a banker. Whether in-person at a branch, over the phone or online, Wells Fargo offers a number of ways to send wire transfers in foreign currency. Therefore, having the ability to make and receive payments in foreign currencies can be essential to your business. Conducting international business in local currency may help improve your efficiency, increase your competitive position and expand your market share.

Incoming international wire transfer bank of america