B of A $45 fee to send an international wire? - GoFuckYourself.com

Jim_Gunn · 05-04-2011, 02:30 PM

I receive a fair amount of wires, both domestic and international and usually only pay $12-$20 fees for the international ones only. Receiving domestic wires are free. I just sent a wire today for the first time in a very long time. Bank of America charged me a $45 fee to send an international wire to Europe. What does your bank charge if anything?

I am sure those with six or seven figure balances are probably getting those fees waived if you are doing a lot of transactions of many types. But for those with regular business accounts with under $100k balances and moderate account activity, does your bank charge similarly?

96ukssob · 05-04-2011, 02:35 PM

Quote:

Originally Posted by Jim_Gunn

I receive a fair amount of wires, both domestic and international and usually only pay $12-$20 fees for the international ones only. Receiving domestic wires are free. I just sent a wire today for the first time in a very long time. Bank of America charged me a $45 fee to send an international wire to Europe. What does your bank charge if anything?

I am sure those with six or seven figure balances are probably getting those fees waived if you are doing a lot of transactions of many types. But for those with regular business accounts with under $100k balances and moderate account activity, does your bank charge similarly?

BofA rapes you on charges. I have them too and if you dont keep a healthy balance, there are all sorts of fees to do anything.

james_clickmemedia · 05-04-2011, 02:36 PM

That seems high, I believe we pay $35 for Int. wires outgoing.

Nicky · 05-04-2011, 02:46 PM

Int outgoing is $20. Within EU they are free.

Barefootsies · 05-04-2011, 02:50 PM

Nothing new there.

When I would send to Poland and what not, it was around that much per WIRE.

woj · 05-04-2011, 03:25 PM

it used to be $35, not sure how much it's now, but banks have been raising all their fees lately...

kush · 05-04-2011, 04:07 PM

It was the same with Wachovia. Not sure about now with Wells Fargo. You can sign up for a business plan that gives them included.... if you do more than 3-4 a year I believe it pays for itself.

Sly · 05-04-2011, 04:10 PM

I asked my credit union this exact question last week and they told me $40. So maybe that's a common range?

Chosen · 05-04-2011, 04:48 PM

It was $35 for international wire some time ago...

lagcam · 05-04-2011, 06:28 PM

Some banks have a dual pricing for international payments......

One fee where you pay your costs and the recipient pays his local bank costs himself, (reducing the net he receives) and one where you pay all costs so your recipient receives the exact dollars that you send.

rowan · 05-04-2011, 07:57 PM

International fees are a ripoff. One cheque I sent off for collection was assessed a whopping $50 fee (!!!) by the originating bank. Then I had to pay another $10 fee to my local bank.

You tell me it costs 50 fucking dollars to receive a bit of paper, deposit it, then send off a reply that it's valid?

It's a capitalist system, the fees are probably arbitrary amounts that do not reflect the actual costs of processing, rather what the bank thinks they can get away with (and since no one wants to discount it too much, it will stay that way...)

Gonzo Modeling · 05-04-2011, 08:55 PM

i eat babies.

junction · 05-04-2011, 09:04 PM

International is $25.

Any incoming wire free.

I love my credit union.

fuzebox · 05-04-2011, 10:00 PM

I pay $40 with Citibank.

05-04-2011, 02:30 PM	#1
Jim_Gunn Confirmed User Industry Role: Join Date: Feb 2003 Location: Where The Teens Are Posts: 5,702	B of A $45 fee to send an international wire? I receive a fair amount of wires, both domestic and international and usually only pay $12-$20 fees for the international ones only. Receiving domestic wires are free. I just sent a wire today for the first time in a very long time. Bank of America charged me a $45 fee to send an international wire to Europe. What does your bank charge if anything? I am sure those with six or seven figure balances are probably getting those fees waived if you are doing a lot of transactions of many types. But for those with regular business accounts with under $100k balances and moderate account activity, does your bank charge similarly?

05-04-2011, 02:36 PM	#3
james_clickmemedia Confirmed User Join Date: Apr 2003 Location: Texas / London Posts: 2,204	That seems high, I believe we pay $35 for Int. wires outgoing. __________________ $ CLICKMEMEDIA.COM $ CONVERTING ETHNIC TRAFFIC SINCE 1998 ~ $30+PPS BLACK-X.COM - NEW BLACK EX-GF SITE CLICKMEMEDIA.COM ~ ICQ - 8788771

05-04-2011, 02:46 PM	#4
Nicky Judge Jury and Executioner Industry Role: Join Date: Mar 2003 Location: Sweden Posts: 30,069	Int outgoing is $20. Within EU they are free. __________________ gfynicky @ gmail.com

05-04-2011, 02:50 PM	#5
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Nothing new there. When I would send to Poland and what not, it was around that much per WIRE. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

05-04-2011, 03:25 PM	#6
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	it used to be $35, not sure how much it's now, but banks have been raising all their fees lately... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

05-04-2011, 04:07 PM	#7
kush Confirmed User Join Date: Feb 2001 Posts: 3,382	It was the same with Wachovia. Not sure about now with Wells Fargo. You can sign up for a business plan that gives them included.... if you do more than 3-4 a year I believe it pays for itself.

05-04-2011, 04:10 PM	#8
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,296	I asked my credit union this exact question last week and they told me $40. So maybe that's a common range? __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available - just $50/mo Wanted: CCBill pay sites for sale

05-04-2011, 04:48 PM	#9
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	It was $35 for international wire some time ago...

05-04-2011, 06:28 PM	#10
lagcam Confirmed User Industry Role: Join Date: Jul 2007 Posts: 2,892	Some banks have a dual pricing for international payments...... One fee where you pay your costs and the recipient pays his local bank costs himself, (reducing the net he receives) and one where you pay all costs so your recipient receives the exact dollars that you send. __________________ Working Cam site for sale - NOT affiliate.

05-04-2011, 07:57 PM	#11
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	International fees are a ripoff. One cheque I sent off for collection was assessed a whopping $50 fee (!!!) by the originating bank. Then I had to pay another $10 fee to my local bank. You tell me it costs 50 fucking dollars to receive a bit of paper, deposit it, then send off a reply that it's valid? It's a capitalist system, the fees are probably arbitrary amounts that do not reflect the actual costs of processing, rather what the bank thinks they can get away with (and since no one wants to discount it too much, it will stay that way...)

05-04-2011, 08:55 PM	#12
Gonzo Modeling So Fucking Banned Join Date: Aug 2009 Location: Arizona Posts: 465	i eat babies.

05-04-2011, 09:04 PM	#13
junction Confirmed User Industry Role: Join Date: Dec 2002 Location: Midwest Posts: 2,411	International is $25. Any incoming wire free. I love my credit union.

05-04-2011, 10:00 PM	#14
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,038	I pay $40 with Citibank.