checking or savings account and must be made from an eligible Bank of America consumer or business deposit account. Transfers require enrollment in the service with a U.S. We recommend that you do not use Zelle ® to send money to those you do not know. Currency of recipient’s account (foreign currency or U.S.Zelle ® should only be used to send money to friends, family or others you trust.Recipient bank’s SWIFT/BIC or National ID.Recipient account number (You may need a country-specific account structure, for example, a CLABE or IBAN).Recipient bank name, address, and country.Gather the following for an international wire transfer: Once the funds are received, they will be sent to the account stated on the wire sheet. For example, when sending an international wire from outside of the US while incoming to Bank of America – the sender would need the address 222 Broadway, New York, NY 10038, which is Bank of America’s official address for all incoming international wires. When sending an international wire, it’s important to find out the correct address (official) associated with the bank. Helpful Tip: When sending a wire from a business bank account, provide the business’s EIN number to the bank so they can verify. Gather the following for a domestic wire transfer: Sending a domestic wire transfer is easier for most people and typically faster than an international wire. There are slight differences when sending wires from bank to bank within the US (domestic) and sending wires outside of the US (international). If you plan to do wire transfers online or by phone in the future, first go to your bank and talk about increasing your wire transfer limits to avoid problems. How to Do a Wire TransferĮxecuting a wire transfer can be completed by phone, in person, or online – however, doing a wire transfer by phone or online may have limits as to the amount that can be sent (due to security). Always send wires on a business day and early in the day upon a bank’s opening hour. Helpful Tip: Wire transfers sent on the weekend or on Federal holidays will not process until the following business day (Monday – Friday). Most banks close around 6 pm, which means wires initiated late in the day may not be sent until the following business day. When seeking to perform a same-day wire transfer, a wire should be initiated when a bank opens early in the day. When done right, most wire transfers only take a few hours to be completed. Once processed, a wire transfer shouldn’t take longer than 24 hours to be sent and deposited into another account.
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