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It is possible to do international wire transfers with US Bank: however, one catch is that you must visit a US Bank branch to send money internationally with them.
This guide will take you through US bank’s international wire transfer process, telling you about the most important information regarding the topic.
Sending a US bank wire transfer internationally comes with a fee – there isn’t a way to do one for free.
The fee will vary depending on what country you’re sending to, your particular type of account, and the terms and conditions of your transfer.
Fees for international wire transfers at US Bank are:
|US Bank international transfer||Regular fees¹|
|Incoming international transfer||$25 per transfer|
|Outgoing international transfer||$50 per transfer|
International transfers often involve the use of the SWIFT transfer system, which means the money may go through intermediary banks before reaching the recipient. These intermediaries charge fees, resulting in the recipient receiving less money. More intermediary banks mean higher expenses, as they may apply marked-up exchange rates instead of the mid-market rate.
While US Bank does not provide daily exchange rates online, but they mention the following:
Foreign-denominated funds are subject to foreign currency exchange risk. Customers are not protected against foreign currency exchange rate fluctuations by FDIC insurance, or any other insurance or guaranty program.²
For more specific information about your transfer, we suggest that you contact US Bank.
If you’re looking for alternatives to the international wire transfer process, look into Wise.
It’s an online money transfer service that makes sending money across borders a breeze, plus it may be cheaper than using a bank.
At Wise, we never hide extra fees and charges in the exchange rate. We just use the exchange rate – independently provided by Reuters. That means fair, cheap money transfers, every time.
A quick example.
A theoretical online bank transfer sending $1000 from the US to a pound sterling bank account in the UK.
|Provider||Fee¹||Exchange Rate||Total Cost|
|US Bank (USA)||$50||Exchange rate + markup||$50 + exchange rate markup + likely fees from intermediary and recipient banks|
|Wise||$6.93||Mid-market exchange rate - the same one you find on Google||$6.93 (via ACH)|
It seems that US Bank’s fees may be higher.
To make sure you know what you’re getting before you commit, compare the exchange rate with an online currency converter. This way, you can find out how much your international transfer is really costing you.
Through US Bank, you can only make an international wire transfer in person. Visit your local branch and a teller will guide you through the process.⁴
To make an international wire transfer, step into your local branch with the following information:⁵
- The reason you’re sending the payment
- Your name, phone number, address, and relationship to the recipient
- Your US Bank account number
- Your photo ID number
- The amount of the transfer and the currency you’d like it to arrive in
- The destination country
- The recipient’s name, address, and country
- The recipient’s account number and SWIFT/BIC, IBAN, CLABE, or BSB number
- The recipient’s bank name and address
To receive money into your US Bank account, you will need the following information:⁶
- Your full name as it appears on your account
- Your account number
- Domestic wires: your routing number. Find your US Bank routing number
- International wires: the Swift Code - USBKUS44IMT
Domestic transfers through US Bank have a same-day guarantee, but international wire transfers may not have the same assurance. The duration of international wires is not specified by US Bank, but on average, transfers conducted via SWIFT take 1-3 business days⁷.
The only direct way to transfer money from your account to a foreign account is through international wire transfer, which you initiate in person. US Bank does not guarantee any transfer times for international wire transfers.⁷
US Bank doesn’t guarantee any international wire transfer times, but it’s possible for international wire transfers to take longer than the average 1-3 business days to reach some countries.
While US Bank do not disclose the exact wire transfer limits, you can check them in your US Bank account. There are to ways to do so:
Via online banking
- Go to Transfers, then select External transfers and wires.
- Choose Send a wire transfer and select the accounts to transfer money from.
- Under the amount to send, click View all dollar limits to see incoming and outgoing transfer limits.
Using their US Bank mobile app
- Select Pay bills & transfer, then External transfers, wires & ACH.
- Choose Send a wire and select the PAY FROM account to transfer money from.
- Under the amount to send, tap View all dollar limits (in blue) to view incoming and outgoing transfer limits. a
Wire transfers may not always be straightforward. Refer to this guide as your US Bank wire transfer resource, and understand all your options.
|💡 If you’re looking for an easy online solution for sending money abroad, don’t forget to check out Wise.|
- Consumer Pricing Information (Page 5)
- International electronic payments for businesses
- US Bank additional fees (Page 2)
- How do I send a wire transfer?
- US Bank wire transfer details (Page 1)
- How do I receive a wire transfer?
- US Bank wire transfer times
All sources checked 25 May 2023
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 Wise Payments 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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