Payments globally in a broad range of currencies You’ll also often find higher transfer limits compared to Bank of America. Modern online alternative providers like Wise and OFX could provide better exchange rates and lower fees when you’re sending a payment overseas. How to Avoid International Transfer Fees Alternatives to Bank of America international wire transfer Compare your options with our comparison engine to see a range of providers, including their fees, rates and delivery times.Choose a specialist international transfer service like Wise or OFX.Use a multi-currency account, from a specialist provider such as Wise or Revolut.You’re not out of luck through – here are some smart ways to cut or avoid international wire fees: Each bank involved can levy a fee for their service which is deducted as the transfer passes through the system. SWIFT payments involve several partner banks moving money between themselves until it arrives at the right recipient’s account. These fees tend to arise whenever banks process wire transfers through the SWIFT network. When you send an international remittance with Bank of America, you may also need to pay fees to other banks involved in processing the payment. Go to Wise Go to OFX Bank of America additional fees OFX : No transfer fee, exchange rate margin applies.Western Union : No transfer fee, exchange rate margin applies.
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