FAQs
Log in to the Mobile app and go to Pay & Transfer. Tap Wire, then Start a wire to initiate your wire transfer. Tap Add new recipient and select either United States or the country where the recipient's account is located. Follow the steps to complete required fields, then tap Add.
How do I send a domestic wire transfer from Bank of America? ›
Log in to the Mobile app and go to Pay & Transfer. Tap Wire, then Start a wire to initiate your wire transfer. Tap Add new recipient and select either United States or the country where the recipient's account is located. Follow the steps to complete required fields, then tap Add.
What information is needed for a domestic wire transfer? ›
To send a wire transfer by bank, you will typically be asked to provide the following information:
- Recipient full name.
- Sender full name.
- Recipient phone number.
- Sender phone number.
- Recipient address.
- Recipient bank name and information.
- Recipient checking account information.
You can usually initiate a bank-to-bank wire transfer in person at your bank or financial institution's local branch or through your online bank account. You'll usually need to provide the recipient's full name, contact information, and bank account details such as routing and transfer numbers.
Does Bank of America charge for domestic wire transfers? ›
$15.00 Domestic wire transfer $16.00 Foreign wire transfer; other banks may charge additional fees. additional fees. $45.00 Foreign wire transfer sent in U.S. Dollars; other banks may charge additional fees.
How to do a US bank wire transfer online? ›
To send a domestic wire transfer using digital banking
Online banking: Select Transfer & pay, choose External transfers & wires, then select, Send a wire.
Why does Bank of America have two routing numbers? ›
This is often the case with big banks such as Bank of America and Chase Bank, which have two routing numbers in some states. Banks also can have separate routing numbers for different types of transactions — one for processing paper checks and another for wire transfers, for example.
What is the difference between a wire transfer and a domestic transfer? ›
Domestic Wire Transfers Vs.
Domestic wire transfers occur between two institutions within the United States. Generally, they're processed within 24 hours and sometimes occur within a few hours. International wire transfers are initiated in one country and settled in another.
Is a SWIFT code needed for domestic wire transfers? ›
Information Required for a Domestic Wire Transfer
You won't need a SWIFT code, but these two codes may be required to make a domestic wire transfer: Account Number – The bank account number is usually between eight and twelve digits long. They identify the specific bank account to which the money is transferred.
What information do you need for a domestic transfer? ›
Before you get started, first gather the recipient's information: Recipient name and address. Wire routing number. Bank account number.
Online, you can send up to 1,000 USD in a single transaction with Bank of America. This can be either an ACH, or a domestic or international wire payment. There may be options to increase your limits by adding extra security measures to your account, or by upgrading your account to a higher tier within Bank of america.
Is sending a wire transfer easy? ›
The process for wiring money is fairly straightforward. The most important things to consider when transferring money by wire are: Limits on how much money you can transfer, if any. Transaction limits on the number of transfers you can send per day.
What is the fastest way to send a wire? ›
You can either wire money through your bank or with a provider like Western Union. Wire transfers are usually completed within the same business day if not mere minutes, but they do have high fees as a result.
How to do a wire transfer online with Bank of America? ›
Log in to Bank of America's Mobile Banking app or Online Banking and tap "Pay & Transfer" to send a Domestic or International wire. If you choose to enroll in secure transfer, you will need your debit card number, PIN, and a U.S. mobile number or a USB security key.
How much is a US domestic wire transfer fee? ›
Types of wire transfer fees
Banks tend to charge different fees for the following types of wire transfers: Outgoing domestic: Generally between $15 and $30, this fee is charged to the sender. Incoming domestic: Generally between $0 and $15, this fee is charged to the recipient.
How do I avoid wire transfer fees at Bank of America? ›
Ask the Bank to Waive the Fee
Some banks actually have public-facing fee waiving policies depending on the situation. For example, banks like Chase, TD Bank and Bank of America can all opt to waive wire transfer fees for domestic incoming wires if you have an account with them (in good standing).
Does Bank of America have a SWIFT code? ›
Bank Of America SWIFT code in the United States. The SWIFT/BIC code for Bank Of America is BOFAUS3NXXX. However, Bank Of America uses different SWIFT/BIC codes for the different types of banking services it offers.
Can I transfer money from Bank of America to another bank? ›
Online transfer using an account number and routing number. This lets you easily send money online to someone else's account, and is also a great way to transfer money between your own accounts with Bank of America or at other financial institutions.
