Personal Finance Money transfer

How to wire money with Capital One US?

Adam Rozsa

02.06.23 (updated more than 1 year ago)

Read time 3 minutes

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 is not a bank, but a Money Service Business (MSB). Wise could be a cheaper alternative to make your transfer, while being secure, efficient, and easy to do online.

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

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

What is the wire transfer fee for 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

Transaction	Fee¹
Incoming wire (both domestic and international)	$15
Outgoing wire (domestic only)	$25
Outgoing wire (international)	$40

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 - may not be 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:

Let’s make a theoretical money transfer, sending $1000 from the US to a pound sterling bank account in the UK. One option is using Capital One’s international wire transfer service, and the alternative option is a regular money transfer with Wise, a Money Service Business (MSB). We’ll use the ACH pay-in method with Wise.

Provider	Fee	Exchange Rate	Total Cost
Capital One (USA)	$40¹	Exchange rate + markup³	$40 + exchange rate markup + likely fees from intermediary and recipient banks
Wise	$6.93	The mid-market rate - the same one you find on Google	$6.93

Fees as of 05/23/2023

Get a Wise Account today

💡 Need to make business transfers? Wise also offers a business account.

Some key features of Wise Business include:
Better visibility and organization of business finances. This is helpful for account reconciliations and audits Major local account details for a simple one-off fee to receive international payments with ease No monthly account fees or minimum balance requirements Receive payments from e-commerce platforms such as Amazon or via Stripe Create invoices using the free Wise invoice generator or invoice templates Accounting integrations, including a QuickBooks Bill Pay connection Batch payment options. Fast payment of up to 1,000 people

Some key features of Wise Business include:

Better visibility and organization of business finances. This is helpful for account reconciliations and audits
Major local account details for a simple one-off fee to receive international payments with ease
No monthly account fees or minimum balance requirements
Receive payments from e-commerce platforms such as Amazon or via Stripe
Create invoices using the free Wise invoice generator or invoice templates
Accounting integrations, including a QuickBooks Bill Pay connection
Batch payment options. Fast payment of up to 1,000 people

Discover the difference between
Wise Business vs Personal

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

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 for receiving a wire transfer²:

Bank details
Name of your bank	Capital One NA
SWIFT code	HIBKUS44, you can check on the SWIFT/BIC finder
Routing Transit Number (ABA number)	Varies. For a Capital One 360 account, the number is 031176110
Capital One's bank address, city & state	30 7th Ave South, Saint Cloud, MN 56301
Beneficiary account number	Your account number - as it appears on your statement
Beneficiary details	Your name

What is the maximum amount you can wire transfer with Capital One?

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.⁴ It’s a good idea to have your account details at hand too.

How long does a Capital One wire transfer take?

Wondering how long do Capital One payments take to process?

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.

Sources:

All sources checked on 23 May 2023.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.