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Bank of America Wire Transfer: How to Send, Receive and Fees Explained

The article from MSN Money outlines the process for sending and receiving wire transfers through Bank of America, detailing the associated fees and steps involved. For sending a wire transfer, customers can do so online, via phone, or in-person at a branch, with domestic transfers costing $30 and international ones at $45. Sending requires filling out a form with the recipient's details, and for international transfers, the SWIFT code is necessary. Receiving wires at Bank of America is free, but the sender might incur fees from their bank. The article also mentions that wire transfers are typically faster than ACH transfers, with domestic wires often completed within 24 hours, though international transfers might take longer. Additionally, it provides information on how to track a wire transfer and the security measures in place to protect these transactions.

Read the Full GOBankingRates Article at:
[ https://www.msn.com/en-my/money/personalfinance/bank-of-america-wire-transfer-how-to-send-receive-and-fees-explained/ar-AA1ANjCb ]