![]() ![]() The BofA SafePass technology can be used to send WIRES to a value of $999,000,000. It turns out the information on the BofA website, and the information I had previously been given about the value limits was related only to ACH transfers. The person on the phone actually knew what they were talking about. They said customers regularly have difficult getting money out of the US, but didn't have anything more advice oriented to add.Įdit2: I called BofA to discuss the suggestion from DanvilleDad to ask them how I could authenticate myself. Also, I talked with my European bank and they were not surprised at all. When using Secured Transfer to make certain high dollar transfers or wires, a one-time authorization code will automatically be sent to the mobile number you registered with us. Learn more about the additional security features we offer to protect your information. I've spent hours on the phone with them now and gotten no where - does anyone have any advice or suggestions?Įdit1: I'm living in Europe and can't go to a branch, so I'm stuck dealing with them over the phone. Your privacy is a top priority for Bank of America. This way I receive the funds efficiently and I only pay once for the wire transfer fee. My feeling is they should be able to process one single wire transfer for the full amount. Bank of Americas Automated Clearing House (ACH) is an electronic payment delivery system that allows you to pay or collect funds electronically through the. These are silly options as (i) SafePass limits the amount you can transfer as one time to $2,500 and the weekly transfer amount to $10,0000. HOWEVER, Bank of Americas position is that the only way to do this is using their SafePass technology or by writing myself a Check. I want to transfer it to my European bank account - cause that's where I live now and I'm buying a house. If it's not appropriate of course, take it down. ![]() I am a lurker and thought you folks might have cracked this one, as I'm running up against a brick wall. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. International wire transfer - sent in foreign currency. International wire transfer - sent in USD. ![]() Take a look at the table below for the list of DCU wire transfer fees: Transaction. Get your financial house in order, learn how to better manage your money, and invest for your future. As we’ve mentioned, it costs a lot more to send an international wire transfer with DCU. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.An associate can help you from 8 am ET to 5 pm ET Monday-Friday. If you cannot access our website, or you are experiencing difficulties, you can call in for assistance. The cutoff time for international wire transfers is 3 pm ET. Not all account types are eligible for international wires with Capital One, please contact 1-800-655-BANK prior to visiting a branch location if you are a new sender.įor both online and phone channels, the cutoff time for sending domestic wires is 2 pm ET. However, it’s vital to talk to a tax consultant because banks and financial institutions are required to report any transaction exceeding 10,000, as well as multiple related transactions exceeding this amount. In order to send a wire transfer to your external linked account, it must have been on file for at least 30 days prior. According to the IRS, you have to report a transfer exceeding 10,000 within 12 months if you receive the money from the same payer. Please keep the following in mind when preparing to send a wire transfer: You will need your mobile phone in order to authenticate.Įligible recipient types and daily limits The table below indicates sending fees, eligibility, and recipient types. ![]()
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