BANK OF AMERICA USD EXCHANGE RATES – SEND MONEY ABROAD
Compare Bank of America currency transfer options to/from the United States. You can beat Bank of America exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
| Bank of America | USD to GBP | USD to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.791 to £0.794 | €0.923 to €0.927 |  |  | |
| TorFX | £0.794 | €0.926 |  | | |
| Wise | £0.794 to £0.795 | €0.927 to €0.928 |  | | |
| Bank of America | £0.763 | €0.89 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Bank of America International Money Transfers
International currency transfers to or from your Bank of America account in US dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 4.6% and additional bank transaction or commission fees may apply.
Bank of America international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – Bank of America Bank
Sending foreign currency to or from your Bank of America account in the USA needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 US dollars (USD) using Bank of America services would have a transaction exchange rate margin of around 5.6% – or $5,600 USD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only $700 USD in total, which is a large saving over the bank service.
Bank of America – Other Useful Information
International money transfers from the Bank of America could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bank of America account holder to use their services. Bank of America may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, Bank of America’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Bank of America, USA – About
Bank of America (also known as BofA) is a US banking and financial services company created in 1904 and is ranked 2nd on the list of largest banks in the United States by assets. Bank of America serves approximately 56 million US customers from over 5,000 US banking branch locations.
Bank of America branch finder
Find Bank of America branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Bank of America branches in your search area results.
Contact Bank of America from abroad
You can find answers to everyday banking questions at Bank of America online. If you can’t find the answer you’re looking for, you can call them from outside the United States on +1 302-781-6374
Bank of America – Head office address
Bank of America (BofA) – 100 North Tryon Street, Charlotte, North Carolina, 28255-0001, United States
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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