![]() Unless you pay a premium, Bank of America’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Bank of america currency converter free#Private brokers offer commission free currency transfers, typically over a value of $5000. Bank of America may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. International money transfers from the Bank of America could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bank of America account holder to use their services. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only $700 USD in total, which is a large saving over the bank service.īank of America – Other Useful Information Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.Įxample: A typical overseas currency transfer of $100,000 US dollars (USD) using Bank of America services would have a transaction exchange rate margin of around 5.6% – or $5,600 USD. Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Sending foreign currency to or from your Bank of America account in the USA needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead. Currency Transfer Alternatives – Bank of America Bank Typically, sending funds to or from your Bank of America account in US dollars or UK pounds will involve a margin rate of 5.6% – much higher than most currency broker rates (typically 0.7 to 1.0%). Bank of America international money transfers to or from the USA have higher transaction charges, due to a less competitive exchange rate offered by the Bank of America. ![]() ![]() Save on exchange rate conversions when transferring money overseas to or from your Bank of America account in US dollars, UK pounds, the euro and other currencies. WhatsApp Telegram Facebook Twitter Email Bank of America International Money Transfers ![]()
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