How To Get Started With The Bank Of America Wire Transfer

Are you searching for how to get started with theBank Of America Wire Transfer or do you have an idea of the best way to send money to your friends and family if you aren’t a US indigene?

If you are a customer of Bank of America (BoA), the most method you can use is the Bank of America wire transfer.

But with technology changing and evolving, wire transfers aren’t the fastest or cheapest options anymore. Surprisingly, the most bank still requires a visit to a local bank branch when wiring money internationally.

Bank of America has made it easy for their customers to do wire transfers. And this applies to both domestic and international wire transfers.

You can send money to anyone, your bank account, friends, family, and business. You can also make an appointment to send a wire transfer in-person at a local Bank of America location.

Below is some useful information you need to get started with the Bank of America wire transfer.

1. Get the recipient’s wire information (bank details).

The first step is to collect the recipient’s wire information. Here’s a list of exactly what you need from the recipient in order to wire money using the Bank of America international or domestic wire transfer.

  • Recipient’s bank name, address and country.
  • Bank of America routing number or SWIFT/BIC or National ID.
  • Recipient’s bank account number.
  • An IBAN or country specific account structure (if this is an international wire transfer).
  • Currency of choice (choosing between foreign currency and U.S. dollars).
  • Reason for sending a wire transfer.

2. Sign into Bank of America’s online banking

  • Once you have gotten all the information needed from the recipient, sign into Bank of America’s online banking page.
  • Navigate to the “Transfers” tab and select the “using their account number at another bank” option.
  • Next, choose the “same-day wire transfer” option and continue following the instructions on the screen.

3. Use the SafePass feature

Bank of America recommends that wire transfer customer’s sign up for their SafePass feature. This adds an extra layer of security for wire transfers more than $1,000 that is initiated within the online banking portal inside Bank of America.

This is an attempt to better safe guard your funds.

The SafePass feature allows you to authorize higher-value transfers with a 6-digit code sent via text message as a way of verifying your identity. There are no added fees for this service.

Bank Of America Wire Transfer

How receive bank of America international wire transfer

In order to receive an international money transfer to your Bank of America account, you will need to provide your sender with the following wire transfer instructions:

Bank DetailsDescription
Name of your BankBank of America NA
Bank of America Swift Code BOFAUS3N for US Dollar
 BOFAUS6S for foreign currency (Non-USD)
Bank of America Routing Transit Number026009593
Beneficiary Account NumberYour Bank of America account number/ including the zeros
Name of AccountYour name as registered with the Bank

Bank of America Address that you use for Wire Transfer

Here is bank of America address for wire:

BankAddress
Bank of AmericaBank of America, N.A., 222 Broadway, New York, NY 10038

Bank of America International Wire Transfer Fee

It is very easy to make wire transfer with the Bank of America and it is very straightforward. Here is the amount it will cost you to use the wire transfer.

Type of TransferTransfer Fee
Outgoing Domestic wire transfer$30 for each transfer sent within the US
Outgoing International wire transfer$35 for transfers in foreign currency outside the US, or $45 for outgoing wire transfer in US Dollars.
Incoming Domestic wire transfer$15
Incoming international transfer$16

When you want to make use of the Bank of America wire transfer, you need to consider the fee factors too.

There are a lot of things to consider while using the transfer, the conversion rate, transfer fee and some other hidden fee.

Bank of America Wire Transfer Policies and Limits

Wire transfer or money orders only. Recipients can withdraw cash from their account after the transfer is complete.

However, it’s important to note that you can also transfer money with your Bank of America account by using Zelle, a money transfer app that’s integrated into the BOA online banking system. It’s free for most users (depending on the bank of the recipient) and is a great alternative to a traditional wire transfer.

Again, the ability to complete a transfer via Zelle or any other money transfer app depends on the bank of the recipient, how much you’re sending, and where the bank is located.

Are there wire transfer limits at Bank of America? There are transfer limits with most banks. In general, it depends on the type of account you have.

But, ACH transfer limits are currently set to $3,000 per day or $6,000 per month for standard delivery.

If you’ve decided to use Zelle (as mentioned above, it’s integrated into the BOA online banking system for account users), the transfer limit is currently $2,500 per day or $20,000 per month, depending on the bank limits you have for your specific account.

And there are no limits to how much money you can receive through Zelle.

How long does Bank of America wire transfer takes

If the transfer is a domestic one, it often takes 1 to 2 business days for the money to arrive at the recipient bank. For international transfers, it often takes up to 2 to 3 business days.

Note, these will only count if the transfers are made before the daily cut off time by 5pm EST. Any transfer made after the cut off time will be processed on the next business day.

Bank of America wire transfer customer service

If you are experiencing any issue with your BOA wire transfer, you can easily contact the bank and make your complains. You can either use any of the following options.

  • Schedule an appointment with them on their website.
  • Or call their customer service number. For calls within U.S use 877.337.8557. For calls outside U.S, use 302.781.6374.

Pros and cons of using Bank of America

The following are the advanges and disadvantages of the Ban of American  wire transfer.

Pros

Here are some of the advantages you will enjoy using the Bank of America using the Bank of American wired transfer:

  • You can Send money to 200+ countries: You can help your friends and family anytime they need your help financially.
  • Secure transfer method: An international wire transfer is a secure, reliable way to send money overseas. They ensure your funds are safe.
  • Transfer options: You can initiate your transfer online or at your local Bank of America branch. This dual option makes it easier to perform transfer.
  • Trusted provider: A trusted name in the banking industry, Bank of Americahas been in the game for a very long time and they have been providing solution to the problem of many customers.
  • Two-day delivery: Send money in two business days, which is better than many banks but won’t help with weekend transfers.

Cons

Here is the Bank of American wired transfer:

  • Fees: Prepare to pay a transfer fee of $35 to $45 when you send money overseas. Domestic wire transfers cost less.
  • Customers only: You’ll need to have an account with Bank of America before starting a transfer.

Wire Transfer Policies and Limits at Bank of America

Wire transfer or money orders only. Recipients can withdraw cash from their accounts after the transfer is complete.

However, it’s important to note that you can also transfer money with your Bank of America account by using Zelle, a money transfer app that’s integrated into the BOA online banking system. It’s free for most users (depending on the bank of the recipient) and is a great alternative to a traditional wire transfer. Again, the ability to complete a transfer via Zelle or any other money transfer app depends on the bank of the recipient, how much you’re sending, and where the bank is located.

Are there wire transfer limits at Bank of America? There are transfer limits with most banks. In general, it depends on the type of account you have. But, ACH transfer limits are currently set to $3,000 per day or $6,000 per month for standard delivery.

If you’ve decided to use Zelle (as mentioned above, it’s integrated into the BOA online banking system for account users), the transfer limit is currently $2,500 per day or $20,000 per month, depending on the bank limits you have for your specific account. There are no limits to how much money you can receive through Zelle.

Conclusion

Bank of America has been one of the longest in the game when it comes to making wire transfers and they have an easy-to-get procedure to get your wire transfer done. In this guide, I have highlighted all you need to get your Bank of America wire transfer started.

Njoku Valentine

Hi! Am Njoku Valentine Ernest popularly known as ValErnest, am the admin of GenGuide blog, I love sharing general guides ranging from tech gist, updates, reviews, latest happening, and listing in any area that may interest my audience. Am a graduate of The Federal Polytechnic Bida, Niger State in the Computer Science department.

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