Webster Bank international wire transfer: Fees, limits, and rates

If you need to send money across borders, you can make a Webster Bank international wire transfer. But like with any financial service, there are fees and limitations you should consider.

This guide will detail everything about a Webster Bank international wire transfer so you know what to be aware of.

We’ll also introduce Wise, a fast, cheap, and easy alternative to send money to 160+ countries.

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Table of contents

Can I make an international wire transfer with Webster Bank? Webster Bank international wire transfer fee Webster Bank exchange rates Make fast, secure and low cost international transfers with Wise How do you make a Webster Bank international wire transfer? What information do I need to make an international wire transfer? How long does an international wire transfer with Webster Bank take? What is the wire transfer limit for Webster Bank? Webster Bank contact information Webster Bank international wire transfer FAQs

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Can I make an international wire transfer with Webster Bank?

You can make an international wire transfer with Webster Bank if you have a business or commercial account. This feature doesn't appear to be available for personal accounts with Webster Bank.¹

A wire transfer is a safe way to send money to another country. Webster Bank allows you to transfer funds in over 70 foreign currencies and schedule one-time, recurring, or future wires.¹

Webster Bank international wire transfer fee

There are a few Webster Bank wire transfer fees that you have to pay when you initiate an international wire transfer.

Transfer type	Fee²
Outgoing international transfer	45 USD
Incoming international transfer	15 USD

In addition to this, you may also have to pay:

• Intermediary bank fees: One or more intermediary banks may be involved in routing the money to its destination. These banks may charge their own fees
• Receiving bank fees: The bank receiving the funds might also charge a fee to process the wire
• Currency conversion fees: If you’re sending money in a different currency, there will most likely be a fee or an exchange rate markup

Make sure to check the total cost of your transfer before sending money. The fees can add up quickly.

Webster Bank exchange rates

When you send money internationally, you often have to convert your funds from one currency into another, such as USD into EUR.

🚨 Most banks, including Webster Bank, don't offer the mid-market rate - the rate you see on currency exchange platforms or Google.¹ Instead, they add a margin to the exchange rate and make money on the conversion.

Here's an example:

You want to send 1,000 USD to a friend in France, with the mid-market exchange rate of 1 USD = 0.90 EUR. Ideally, your friend would receive 900 EUR.

But if your bank adds a 2.5% markup, the exchange rate becomes 1 USD = 0.8775 EUR, and your friend only receives 877.50 EUR.

This means that you're losing 22.50 EUR on the exchange rate, on top of any other fees.

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Over 50% of Wise payments arrive instantly* — and all Wise transfers are deposited directly into your recipient's bank account for convenience.

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*The speed of transaction claim depends on funds availability, approval by Wise’s proprietary verification system and systems availability of our partners’ banking system, and may not be available for all transactions

How do you make a Webster Bank international wire transfer?

There are no publicly available Webster Bank wire transfer instructions. That said, you can make most international transfers by following these steps:

1. Log into your Webster Bank online banking account
2. Find the section for wire transfers, which might be under "payments" or "transfers"
3. Fill in the information about your recipient
4. Specify how much money you want to send and in which currency
5. Review fees and exchange rates
6. Submit your transfer

Sometimes, it's not possible to do an international wire transfer online and you need to do it in person at your local branch. In this case, the bankers will assist you.

What information do I need to make an international wire transfer?

Make sure to have the following information on hand.

Information	Details
SWIFT/BIC code	Code identifying the recipient’s bank internationally
Recipient bank name	Full name of the bank you’re sending money to
Recipient bank address	Full address of the bank you’re sending money to
Recipient’s account number	Sometimes this can be called the IBAN number
Recipient’s name	Full name of the person you’re sending money to
Recipient’s address	The address of the person you’re sending money to
Amount and currency	How much you’re sending and in what currency
Webster Bank SWIFT/BIC Code	Your Webster Bank branch identifying code
Webster Bank routing number	221970443³
Purpose of transfer	This may be required for some countries

💡 Don’t know your bank’s SWIFT/BIC Code? Check out this handy SWIFT code checker.

Make sure to always double-check this information to avoid delays or lost transfers. If an outgoing wire is returned because you provided incorrect information, Webster Bank may charge you additional fees.²

How long does an international wire transfer with Webster Bank take?

Typically, an international wire transfer takes about 1 to 5 business days, but the exact time frame depends on where you're sending money to and in what currency.

You can track your Webster Bank wire transfer by setting up email and SMS alerts and using the bank’s Information Reporting service.¹

What is the wire transfer limit for Webster Bank?

Webster Bank doesn't specify an international wire transfer limit on its website.

The exact limit can vary depending on your account type and relationship with the bank. These limits can also depend on the intermediary banks involved, if any.

Learn more about international wire transfer limits and regulations in our full guide.

Webster Bank contact information

If you have more questions about international wire transfers or need assistance, you can reach Webster Bank’s customer support.

Department	Contact information³
Webster Bank e-Treasury	TMService@websterbank.com 888.932.2256
Webster Bank Online Banking Client Services	800.482.2220

Webster Bank international wire transfer FAQs

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Does Webster Bank allow wire transfers?

Yes, you can send both domestic and international transfers with Webster Bank. That said, you may need a business or commercial account to send an international wire. You should also be mindful of fees, exchange rates, and limits.

Does Webster Bank have foreign currency?

Webster Bank allows you to transfer funds in over 70 foreign currencies.¹ You can also use Webster Bank's foreign exchange services.

Keep in mind that the Webster Bank exchange rate will most likely include a margin over the mid-market rate.

What is the SWIFT code for Webster Bank?

Your Webster Bank USA SWIFT code may depend on your branch. For example, the SWIFT code for a Webster Bank in Hartford, CT is WENAUS31XXX.

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You can send an international wire transfer with Webster Bank, but you may also need to cover intermediary bank fees, receiving bank fees, and exchange rates.

To send money abroad with no hidden fees or currency exchange markups, check out Wise.

🚀 Start saving on
international transfers

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Sources:

1. Webster Bank - International and foreign exchange wire services
2. Webster Bank - Fee schedule
3. Webster Bank - Contact us

Sources checked 08.29.2024