How long incoming wire transfer

Yes, someone with your account information can wire funds directly to your Bank of America account. You will need to provide your account number and wire transfer routing number. Fees and limits may apply, depending on your account type and the type of wire. You will be able to review any fees and limits before completing your wire transfer in Online Banking. Latest transfer limits are also available in our Online Banking service agreement. For Remittance Transfers, we're required by law to inform you of the exact fees you will incur for international wires, including fees from other banks.

For transfers over specific dollar limits set by your account type, you will need to register for either Secured Transfer or a USB Security Key. The Society for Worldwide Interbank Financial Telecommunication SWIFT Code is a unique identification code that may be required by some banks, broker-dealers and investment managers for the completion of international wire transfers.

The address to provide is as follows:. When sending wire transfers to countries that have IBAN numbers, we recommend including those numbers in your wire transfer documentation. To obtain the IBAN numbers of another bank, please visit that banks website or contact them directly to obtain that information.

To obtain the IBAN numbers of another bank, please visit that bank's website or contact them directly.

If you are transferring funds to an international account, your account will be debited the same day and Bank of America will send the payment out immediately. The beneficiary's bank will generally receive the funds 1 to 2 days later. The funds will usually be credited to the beneficiary within 2 days. However, there are a number of factors which could delay the credit to the beneficiary. These include, but are not limited to: local bank holidays, delays by an intermediary bank or other local conditions.

Note, too, that some countries have been designated as slow-to-pay layer countries. Transfers made to or from a slow-to-pay country may experience delays in crediting the beneficiary's account. Make secure international wire transfers right from your Bank of America account. Please enter the zip code for your home address so we can give you accurate rate and fee information for your location.

Wire Transfers FAQs. View questions about:. After the transfer takes place, the funds are available fairly quickly. If you need assistance, you and your recipient may need to contact representatives from your respective banks. Generally, you can wire money to a bank online, over the phone or in person. Be prepared to provide your bank with specific instructions, including how much money you want the recipient to receive. After all, you want to make sure your money is successfully transferred to the right person!

In some cases you may not need a bank account in order to complete the transfer. Generally, using these types of services involves paying cash in person. Once the transaction is complete, the recipient typically gets to walk away with money he or she received. You may need to follow a specific set of instructions or provide the payee with additional details.

Transfers typically happen quickly. Generally, domestic bank wires are completed in three days, at most. 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. Be sure to provide your financial institution with detailed instructions including the amount to be transferred. The process may vary if utilizing a non-bank money transfer service such as National Processing or Bill.

A wire transfer is reversible if the bank that initiated the transfer made an error. For example, if the recipient received a larger sum than was intended or if the account name does not match up with the account number, that issue can be resolved. If the fault lies with your bank, they should be able to recall the funds. The Dodd-Frank Wall Street Reform and Consumer Protection Act states that consumers sending money internationally have the right to cancel their wire transfers without incurring a fee within a minute period.

Transfers typically happen quickly. Generally, domestic bank wires are completed in three days, at most. 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. Occasionally, there are delays.

If the bank sending the funds makes a mistake, a wire transfer may take longer than expected. Wire transfers can also be disrupted by holidays as well. Certain nations are regarded as slow pay countries and wires from these nations can take several weeks to process. Additionally, incoming wires from some economically sanctioned nations are subject to scrutiny, delay or even rejection.

While multinational banks have IBANs, many smaller rural banks do not. Such banks use multi-national banks as intermediaries when sending international wires.