An ACH transfer can often take several days, but these transfers generally don't require fees. If you don't need the money immediately, an ACH transfer could be an easy and free way to send money. Many banks allow ACH transfers between bank accounts. Wells Fargo offers a refund for incoming wire transfer fees once per month for customers with Everyday Checking accounts linked to a Wells Fargo Campus Card, the bank's student checking account. Here are the instructions for getting started wiring money as a Bank of America customer. Student accounts sometimes have wire transfer fees waived. You can also make an appointment to send a wire transfer in-person at a local Bank of America location. Receive wire transfers from a student account Inbound domestic wire transfers: 6 per transfer. Outbound international wire transfers: 43 per transfer. Outbound domestic wire transfers: 23 per transfer. These amounts are based on SmartAsset’s analysis of 30 banks and credit unions. For Chase Bank customers, for instance, initiating a wire transfer online can save $10. The following wire fees represent the average amount for the overall market. Qualifications for free: Platinum or Diamond Tier account requires 50,000 for free incoming and 1 million balance to add two free outgoing transfers per statement period. International wires: 45 outgoing 16 incoming. Making a wire transfer through the bank's website online could lower your fees. Domestic wire transfer fees: 30 outgoing 15 incoming. Wires transfers made over the phone or in-person can cost more at some banks. Citibank also waives transfer fees for customers with Citigold Private Client accounts. Some higher-level Chase checking accounts, like Chase Private Client Checking and Chase Sapphire checking accounts, also offer free incoming and outgoing wire transfers. For example, Chase offers free incoming wire transfers when sent from another Chase account. Bank of America doesn’t list fees for international wire transfers online, and warns its customers: We may change the fees for wire transfers and drafts at any time. If you already have a strong relationship with a given bank, you may be able to save on wire transfer fees. Make wire transfers with banks where you have an existing account These methods depend on your bank, but you may be able to save a few dollars. Wire transfer fees can be high, but there are ways to bring the cost down a little bit. See Insider's best free checking accounts> How to save money on wire transfer fees $50 (Beyond Checking customers receive 1 outgoing wire transfer fee waiver per month) $30 (Beyond Checking customers receive 1 outgoing wire transfer fee waiver per month) $30 (Preferred Rewards Diamond members qualify for up to 2 international transfer fee waivers Diamond Honors tier members qualify for unlimited waivers) $15 (fee waived for Preferred Rewards Platinum and Platinum Honors members) Outgoing international wire transfer fee (USD) Incoming international wire transfer fee (USD) When transferring domestically, Bank of America charges 15 for each incoming wire transfer, and 30 for each outgoing wire transfer.
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