Capital One international transfer: Fees, limits & transfer time

Adam Rozsa

Read on for everything you need to know to send and receive international transfers, also called international wire transfers, with Capital One.

You might find that you may probably save money when sending money abroad with a service like Wise - but more on this, later.

avoid-big-transfer-costs


What are the fees for a Capital One international wire transfer in the US?

Capital One international transfersRegular feesLimits
Incoming international transfer$15 per transfer¹N/A
Outgoing international transfer$40 per transfer²None²
Additional fees may applySee Additional fees section below

Capital One exchange rates

When exchanging money in a different currency, it is typically converted by either the recipient bank or an intermediary bank.

For this reason, as Capital One also writes on their website, when sending money internationally in a currency other than the U.S. dollar, the exchange rates can differ, and they can't guarantee a specific rate.

The rates they use for your transactions are usually the standard retail rates at that time, which may not be the most favorable negotiated rates between banks.³

They basically say that they most likely won’t use the mid-market exchange rate to convert your money, but a marked up rate. Which means it’s a good idea to check the exchange rate they’re offering against an online currency converter to see if it’s fair.

Additional fees

Oftentimes, international money transfers will go through one or more intermediary banks on the way to their final destinations. Those banks have the option of charging a processing fee for passing the transfer along, and those fees can add up.³

A cheap and transparent alternative: Wise

If all those fees are getting a bit overwhelming, you should know there’s another alternative: Wise.

Although not a bank but a Money Service Business (MNB), it can be a great alternative to cover your money transfer needs as Wise uses the mid-market rate to send money abroad.

All you pay for the transfer is a minimal, fair fee, that’s spelled out upfront. That means fair, cheap money transfers, every time.

Sign up for a Wise account today:

  • Bank details in 10 currencies
  • The option to hold, send, spend and convert 40+ currencies at once
  • Send money overseas with low and transparent fees,
  • Order a Wise card for a one time fee of just $9 - for use in 174 countries
  • Mid-market exchange rates on all transactions.

See how much you can save with Wise:

Get a Wise Account today

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

How long does an international bank transfer with Capital One take?

How long does it take normally to arrive to the destination account?

Typically, international transfers with Capital One will take three to five business days to arrive in the destination account.²

What are the different payment methods, and how long do those take?

Payment for an international transfer occurs automatically, which means the recipient typically pays. Alternatively, the sender can pay the fee by adding the fee amount to the transfer total.

Does the amount of time it takes vary by destination?

Transfer times aren’t guaranteed, and some countries and recipient banks may take longer to process international transfers.⁴

Contact / Help - More questions around your transfer?

Do you have more questions about transferring money internationally with Capital One? There are many options for reaching Capital One’s customer service center.

Just remember that numbers will vary based on your location, so it’s usually a good idea to check online for the best way to get in touch.

Protecting your money gets a lot easier when you know how transfer processes work. With this knowledge, you can choose the best way for your needs to send money overseas.

💡 Looking to manage local and international 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

Discover the difference between
Wise Business vs Personal


Sources:

  1. Capital One - Wire transfer support
  2. Capital One - Send and receive a wire transfer
  3. Capital One - Account disclosures
  4. Capital One - International Wire Transfer Guide

All sources checked on 26 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.

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