How to wire money with Capital One US

Wise
06.08.21
4 minute read

Whether you’re doing business or sending money to friends or relatives, a wire transfer is a well-established way to send money. If you bank with Capital One, you might well want to make your wire transfer directly with your bank.

Read on to find out how to wire money with Capital One, as well as the fees and transfer time involved.

If you need to send money abroad, then take a look at Wise, which could be a cheaper way to make your transfer, while being secure, efficient, and easy to do online.

Send and save money with Wise 💰

How do I do a wire transfer with Capital One?

There are three ways you can send a wire transfer with Capital One; Online, by phone or in-branch. It’s important to note that online wire transfers can only be sent within the US.¹

Before you make a Capital One wire transfer, make sure you have the following information:

  • Account holder’s full name
  • Wire routing number (ABA)
  • Mobile phone for two-step identity verification
  • Intermediary bank wire routing number (ABA) - optional
  • Intermediary bank address - optional

If you are sending a wire transfer to a title company, you will also need:

  • Title company’s name
  • Loan/escrow/order number (if provided)
  • Title company address
  • Title company bank’s wire routing number (ABA)
  • Title company bank’s address

Don’t forget to know exactly how much you want to transfer, as well, and what currency you want to use. You can usually send up to $500,000 to a title company. It’s a good idea to have your account details at hand too.

For some international transfers, you may also need an IBAN number. You can check the IBAN with this handy tool.

If you visit in-branch or send the wire via phone, then the customer service representative will be able to complete the process using these details.

To wire money with Capital One online, you will need to follow these steps:

  • Sign in to your Capital One online account
  • Select the account you want to send the funds from
  • Click on ‘Account Services & Settings’
  • Click on ‘Wire Money’ and enter the details

Receiving money to a Capital One account

You can also receive money into your Capital One account.

Here’s the information you’ll need to provide.²

Bank details
Name of your bankCapital One NA
SWIFT codeHIBKUS44, you can check on the SWIFT/BIC finder
Routing Transit Number (ABA number)Varies. For a Capital One 360 account, the number is 031176110
Bank address, city & state30 7th Ave South, Saint Cloud, MN 56301
Beneficiary account numberYour account number - as it appears on your statement
Beneficiary detailsYour name

How long do Capital One wire transfers take?

Capital One will process your wire transfer on the same working day if you submit the payment before the relevant cutoff time.

For faster processing, make sure you submit the transfer by their cutoff time, 2 pm ET Monday - Friday.³

If you miss the cutoff time, the request will be processed on the next processing business day.

How much does a wire transfer cost at Capital One?

Wire transfers made through a bank usually cost a fixed fee.

The fees can vary depending on the account type. You can check the most accurate information by signing in to your account and visiting the Wire Money section under More Services.

Here are the Capital One wire transfer fees with the Essential Checking account.⁴

TransactionFee
Incoming wire (both domestic and international)$15
Outgoing wire (domestic only)$25
Outgoing wire (international)$40

Whenever you make an international transfer through a bank, up to 3 intermediary banks might end up getting involved. Any of these banks might charge another fee. So the Capital One wire transfer cost in the table above might not be the full picture.

Additionally, the bank that converts your money to the new currency can set the exchange rate. That means that it won’t be the exchange rate you’ll find on Google: instead, it’ll be a rate that’s good for the bank - and not so good for you.

Therefore, you should think of the exchange rate as another cost involved.

Capital One wire transfer vs Wise: What’s better?

If your most convenient option is to go into a branch and talk your international transfer through with someone, then Capital One can provide that service.

For the convenience of making the transfer online, Wise can help out.

A quick example:

A theoretical online bank transfer sending $1000 from either a Capital One Personal Account or with Wise, from the US to a pound sterling bank account in the UK.

ProviderFeeExchange RateTotal Cost
Capital One (USA)$40¹Exchange rate + markup³$40 + exchange rate markup + likely fees from intermediary and recipient banks
Wise$8.70The real exchange rate - the same one you find on Google$8.70

If the fees alone aren’t reason enough to consider an alternative, then you should also take into account any exchange rate markup — on average a spread of an additional 4-6%.

To make sure you know what you’re getting before you commit, you can compare the exchange rate you’re being offered with an online currency converter.

Find out if you could save money with Wise and check to see the exact value of your transfer before you make it.

Sources:

  1. International Wire Transfer Guide
  2. Capital One Wire Transfer
  3. Wire Info | Support Center
  4. Send Wire Info | Support Center
  5. capitalone.com/treasury-management/terms-and-conditions/wire-transfers/

All sources checked 8 June 2021.


This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

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