How to Send Wire Transfers in Online Banking or Mobile App (2024)

Fees apply to wire transfers. For international wire transfers, markups are included in Bank of America, N.A. (“Bank of America”, the “Bank”, “we” or “us”) exchange rates. Exchange rates are determined by Bank of America in its sole discretion. Other financial institutions involved may also charge fees and deduct their fees from the amount of the wire transfer. See the Online Banking Service Agreement for details. Data connection required. Carrier fees may apply.

For Consumer international wires: If you send U.S. Dollars to a bank account that is not denominated in U.S. Dollars (“Non-USD Account”), your payment will be converted into the currency of the Non-USD Account (“Local Currency”) by an intermediary bank or the receiving bank (and we may receive compensation in connection with any such conversion). We are not responsible for the exchange rate applied by any intermediary bank or the receiving bank. For Small Business international wires: If you send U.S. Dollars to a Non-USD Account, your payment will be converted to local currency by any bank or service provider involved in processing the transaction. If the Bank converts the currency, we and/or an affiliate will include a mark-up or fee on such currency conversion and may profit in connection with any such currency conversion.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.


Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. If we assign an exchange rate to your foreign exchange transaction, that exchange rate will be determined by us in our sole discretion based upon such factors as we determine relevant, including without limitation, market conditions, exchange rates charged by other parties, our desired rate of return, market risk, credit risk and other market, economic and business factors, and is subject to change at any time without notice. You acknowledge that exchange rates for retail and commercial transactions, and for transactions effected after regular business hours and on weekends, are different from the exchange rates for large inter-bank transactions effected during the business day, as may be reported in The Wall Street Journal or elsewhere. Exchange rates offered by other dealers or shown at other sources by us or other dealers (including online sources) may be different from our exchange rates. The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency.


For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient’s financial institution, foreign taxes, and other fees that are part of the wire transfer process.


We provide all-in pricing for exchange rates. The price provided may include profit, fees, costs, charges or other mark ups as determined by us in our sole discretion. The level of the fee or markup may differ for each customer and may differ for the same customer depending on the method or venue used for transaction execution.

In connection with our market making and other activities, we may engage in hedging, including pre-hedging, to mitigate our risk, facilitate customer transactions and hedge any associated exposure. Such activities may include trading ahead of order execution. These transactions will be designed to be reasonable in relation to the risks associated with the potential transaction with you. These transactions may affect the price of the underlying currency, and consequently, your cost or proceeds. You acknowledge that we bear no liability for these potential price movements. When our pre-hedging and hedging activity is completed at prices that are superior to the agreed upon execution price or benchmark, we will keep the positive difference as a profit in connection with the transactions. You will have no interest in any profits.

We also may take proprietary positions in certain currencies. You should assume we have an economic incentive to be a counterparty to any transaction with you. Again, you have no interest in any profit associated with this activity and those profits are solely for our account.

You acknowledge that the parties to these exchange rate transactions engaged in arm’s-length negotiations. You are a customer and these transactions do not establish a principal/agent relationship or any other relationship that may create a heightened duty for us.

We do not accept any liability for our exchange rates. Any and all liability for our exchange rates is disclaimed, including without limitation direct, indirect or consequential loss, and any liability if our exchange rates are different from rates offered or reported by third parties, or offered by us at a different time, at a different location, for a different transaction amount, or involving a different payment media (including but not limited to bank-notes, checks, wire transfers, etc.).

How to Send Wire Transfers in Online Banking or Mobile App (2024)


Can I do a wire transfer through online banking? ›

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.

How to do a wire transfer from bank mobile? ›

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 you do a wire transfer step by step? ›

How to wire money
  1. Choose a wire transfer provider. The first step is to choose a provider, which can either be a bank or a nonbank. ...
  2. Check your provider's wire transfer fees. ...
  3. Gather the information you need to make a wire transfer. ...
  4. Fill out the wire transfer form. ...
  5. Make sure to keep your wire transfer receipt.

Can you do a wire transfer online or over the phone? ›

Domestic wire transfer

Depending on your bank, you may be able to initiate a domestic transfer in a local branch, over the phone or by using a banking app. You'll need to supply the recipient's routing and bank account numbers and their contact information.

Is Zelle a wire transfer? ›

As we've clarified, Zelle relies on ACH payment methods, as opposed to wire transfers.

What info is needed for wire transfers from bank to bank? ›

When sending a domestic bank wire, you will need to provide the recipient's name, address, bank account number, and ABA number (routing number).

Can you do a wire transfer on a mobile app? ›

Send a wire using the U.S. Bank Mobile App

Select External transfers, wires & ACH, then Wire money. Select an account to pay from. Enter the amount you'd like to send.

How much does bank mobile charge for wire transfer? ›


- There is a $25 fee for every wire transfer. - $10,000 max limit to transfer to own bank acct. - $1,000 max limit to transfer to another person's bank acct.

Can I transfer money through mobile banking? ›

You can use your bank's online banking platforms like internet and mobile banking to send money online to your beneficiary: Log into your internet or mobile banking platforms. Go to the 'Fund Transfer' or relevant option. Select the preferred mode of transfer.

How do I transfer money to someone else's bank account? ›

6 ways to deposit cash into someone else's account
  1. Make an electronic transfer.
  2. Make a wire transfer.
  3. Write a check.
  4. Deposit cash at the bank.
  5. Use a cashier's check.
  6. Use a money order.
Dec 22, 2023

Can you wire transfer yourself? ›

A bank account transfer is an accessible way to send money to yourself at your bank office, at an ATM, or online.

What is the minimum amount for a wire transfer? ›

The transfer limit for bank wires is $250,000 per day, per client. The minimum amount for each bank wire is $100.

What is the difference between wire transfer and online transfer? ›

EFTs usually process funds via an automated clearing house (ACH) while wire transfers are sent directly between one bank and another. Wire transfers have the benefit of being faster and having higher transfer limits than EFT methods, but they carry higher fees and are not reversible.

Can I do a bank transfer over the phone? ›

A bank transfer lets you move money from one bank account to another. It's usually instant, free and done using mobile or online banking, over the phone or in branch.

How can I transfer money through my phone? ›

Contact your bank to see if it offers SMS mobile payment. If so, you may need to follow a few steps to register. Your recipient may also need to be registered for the service. Once you're all signed up and ready, your bank will give you instructions on how to transfer money by SMS.

Can banks do instant wire transfers? ›

If transfers occur between accounts at the same financial institution, they can take less than 24 hours. Wire transfers via a non-bank money transfer service may happen within minutes. If you're sending money to another country, however, it may take as many as five days for the recipient to receive their funds.

Is online wire transfer free? ›

Some may not charge anything, depending on the account you have with a bank while others may charge based on incoming and outgoing wires. It's common to see domestic wires costing about $15 and international wires costing between $25 and $50.

Can you do a bank transfer with online banking? ›

A bank transfer lets you move money from one bank account to another. It's usually instant, free and done using mobile or online banking, over the phone or in branch.


Top Articles
Latest Posts
Article information

Author: Kareem Mueller DO

Last Updated:

Views: 6342

Rating: 4.6 / 5 (46 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Kareem Mueller DO

Birthday: 1997-01-04

Address: Apt. 156 12935 Runolfsdottir Mission, Greenfort, MN 74384-6749

Phone: +16704982844747

Job: Corporate Administration Planner

Hobby: Mountain biking, Jewelry making, Stone skipping, Lacemaking, Knife making, Scrapbooking, Letterboxing

Introduction: My name is Kareem Mueller DO, I am a vivacious, super, thoughtful, excited, handsome, beautiful, combative person who loves writing and wants to share my knowledge and understanding with you.