Bank of America Wire Transfer: How to Send, Receive and Fees Explained

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Wire transfers remain one of the fastest and most secure ways to send large sums of money, whether domestically or internationally. If you’re a Bank of America customer, understanding the wire transfer process, fees and timelines can help you make informed decisions for your financial transactions.

This guide breaks down everything you need to know about making a Bank of America wire transfer, from setting up transfers to receiving them, understanding the fees involved and how long transfers typically take.

How to Send a Wire Transfer with Bank of America

Bank of America offers multiple ways to initiate a wire transfer, including through its online portal or by visiting a local branch.

Step-by-Step Process for Initiating a Wire Transfer

1. Gather the Necessary Information
   • Recipient’s full name and address
   • Recipient’s bank name and address
   • Routing number (for domestic) or SWIFT/BIC code (for international)
   • Recipient’s account number
   • Purpose of the transfer
   • Currency type (USD or foreign currency)
2. Log into Your Online Account
   • Navigate to the “Transfer | Zelle®” tab and select “To/from other banks (includes wires).”
3. Accept Service Agreement
   • Read through and accept the wire transfer service agreement.
4. Add the Recipient
   • Select “Add Account/Recipient” and complete authentication steps if necessary.
   • Enter the recipient’s information and save it for future transactions.
5. Initiate the Transfer
   • Select your account, choose the recipient, and enter the transfer amount and date.
   • Verify the information and click “Make Transfer.”
6. Confirmation
   • After submission, a confirmation message will appear.
   • You can track the transfer under “Transfer Activity.”

Security Tips

• Register for Secured Transfers: Add your mobile number for additional security. You’ll receive a one-time authorization code via SMS for each wire transfer.
• International Considerations: Use a U.S.-based mobile number that can receive international texts.

Bank of America Wire Transfer Fees

Understanding the costs of sending and receiving wire transfers is essential to avoid surprises. Here’s a breakdown of the current fees:

International transfers in foreign currency may offer better rates and lower fees compared to U.S. dollars.

How to Avoid Wire Transfer Fees

• Use alternative services like Zelle® for domestic transfers.
• Compare exchange rates for international wires.
• Consider consolidating multiple smaller transfers into one larger transaction.

Bank of America Wire Transfer Limits

Be aware of the maximum and minimum amounts you can send via wire transfer.

Note: To increase your transfer limits, contact Bank of America’s customer service.

How Long Does a Bank of America Wire Transfer Take?

• Domestic Wire Transfers: Typically processed on the same day if submitted before 5 p.m. EST.
• International Wire Transfers: Usually completed within 1 to 2 business days.

Delays can occur due to holidays, recipient bank processing times or errors in recipient information.

How to Receive a Wire Transfer at Bank of America

To receive funds, provide the sender with the following information:

• Your full name and address.
• Your account number and routing number.
• SWIFT code for international wires:
  • USD Transfers: BOFAUS3N
  • Foreign Currency Transfers: BOFAUS6S

Track incoming transfers by logging into your online banking portal and navigating to the “Information & Services” tab.

Final Take to Go

Bank of America makes it straightforward to send and receive wire transfers, whether domestically or internationally. Always double-check recipient information, understand potential fees and use secured methods for safety.

When in doubt, visit your local branch or contact Bank of America’s customer support for assistance.

More About Bank of America

• Bank of America Review
• Bank of America CD Rates
• Bank of America Savings Account Interest Rates
• Bank of America Hours
• Bank of America ATM Limits

Information is accurate as of March 12, 2025.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

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