Wire transfer bank of america fees how to#

While not exorbitant, even the lowest level requires some pretty high figures.

Diamond Honors: $10,000,000 or more in total assets.

Diamond: $1,000,000 or more in total assets.

Platinum Honors: $100,000 or more in total assets.

Platinum: $50,000 or more in total assets.

You'll qualify for each based on your combined average daily balance:

A three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill investment accounts.

An active, eligible Bank of America checking account.

To qualify for the Bank of America Preferred Rewards program, you must have both of the following:

Wire transfer bank of america fees how to#

Bank of America Preferred Rewards Program How to qualify for Bank of America's Preferred Rewards Program Depending on your holdings and the type of rewards you're looking to accumulate, it might be time to stop ignoring Bank of America Preferred Rewards. The higher your balance of total assets with the bank, the more perks you can unlock, including with its credit cards. That's because Bank of America designed its Preferred Rewards program to incentivize consumers to move their checking, savings, investment and retirement accounts to Bank of America and Merrill. On top of the simple banking benefits members can expect, consolidating your finances with Bank of America can also boost your cash-back earnings with some of the best Bank of America credit cards. With that in mind, let's examine the often-overlooked Bank of America Preferred Rewards® program. Luckily, using cash-back rewards in combination with your points and miles can save you even more money on your next vacation. If this article is useful then so will your friends, why not share it on your social media platforms.While it's wonderful to redeem your points and miles for travel arrangements, such as lodging and flights, there can be many other expenses involved in planning a trip, such as car rentals, train tickets, gas and campsite fees. However, to find a service that’s best for your situation, compare the transfer fees, exchange rates and other details of money transfer specialists. If you don’t want to send a wire transfer, you also have the option of obtaining an international money order and then mailing it to your recipient overseas.īank of America’s wire transfers is a secure, convenient solution when you need to send money overseas.

What Types of Transfers Can I Make With Bank of America?īank of America offers international wire transfers directly to your recipient’s bank account in more than 200 countries around the world. You’ll get a stronger exchange rate from a money transfer specialist, so look for alternatives to save money on your international transfer. While it doesn’t reveal its exchange rates online, Bank of America will show you the rate that applies to your transaction before you confirm the details of your transfer. Like any large bank, Bank of America updates its rates regularly to align with the changing global market. Your transfer will typically be delivered in two business days to more than 200 countries worldwide. Enter the details of your transaction - how much you’re sending and your recipient’s banking info.Hover over the Transfers tab and then locate the Send money to someone section and select Using their account number at another bank.

To initiate an international wire transfer online: Once you have an account, you can send a wire transfer overseas online or at a local Bank of America branch. You can quickly and easily sign up for an account online with your Social Security Number, contact information, and residential address. You’ll need a Bank of America bank account to send an international wire transfer with BofA. How Do I Send Money Overseas With Bank of America? If you send an outgoing transaction in a foreign currency, Bank of America may waive the fee and instead add a margin onto the currency exchange for your transfer.