![]() ![]() "Enabling our customers to make free wire transfers to China is yet another way we are demonstrating how we want to be the bank of choice for the Chinese community." ![]() "We are excited to offer this special pilot program to our Bay Area customers," said Steve Silvestri, market president for Bank of America, San Francisco. As part of the progress and alliance both banks have been engaged in since signing a strategic agreement last year, this new pilot program will create a money wire transfer solution for consumer banking customers who need to send cash between China and the United States with more convenience, less cost and faster delivery. This is another new product offered as a result of joint efforts of the two banks following the successful launch of their free ATM cash withdrawal service in April. Alternately, CCB's personal customers in the pilot communities of China may make a wire transfer to any Bank of America consumer account holder at more than 5,700 banking centers across the United States.īank of America customers can save approximately $45 per transaction. ![]() In this program, any Bank of America customer who uses one of the 110 participating pilot banking centers and who has a checking or savings account may make free money wire transfers to any CCB consumer account holder in China. In China, the program is available in nearly 250 CCB locations in Beijing, Shanghai, Guangdong, Zhejiang, Liaoning and Xiamen. This pilot program is only available in the United States at 110 Bank of America locations in Alameda, San Francisco and San Mateo counties. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.This joint effort will provide more comprehensive, higher quality and more efficient financial services to both bank's customers. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Users are limited to $1,000 per transaction and small businesses can send up to $5,000.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. More than the mid-market rate plus margin So if you need to get pounds to someone in the UK, Wise will find someone in the UK looking to send dollars to the US, essentially swapping your funds.īoth Bank of America and Wise will safely get your money where it needs to go, but which is superior on fees, exchange rates and speeds? Read on to find out.įrom 0.41% to 1.5% of your transaction plus a fixed fee ![]() Using peer-to-peer technology, it matches users looking to send money in one currency with customers in other countries looking to receive the same money. On the other hand, UK-based Wise is a fundamentally different way to send money online. Offering wire transfers to more than 200 countries, BofA provides secure, convenient money transfers that typically arrive within two business days. When you need to send money overseas, you’ll likely think of visiting a local bank like Bank of America. All international money transfer services. ![]()
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