• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Bank Wire Transfer Fees

Save money when paying for things!

  • Domestic Wire Transfer Fees
  • International Money Wire Transfers
  • Money Transfers
  • Wire Transfer Fees
  • Show Search
Hide Search

Domestic Wire Transfer Fees

Advice about domestic wire transfer feesDomestic wire transfers are a way of transferring money between two bank accounts located in the same country. Obviously domestic transfers are a lot easier to organize and process because are in the same currency. Accordingly the wire transfer fees should also be less than for an international wire transfer.

With the ease of transferring money between accounts in the same country, the wire transfer fees imposed by banks may make it a second or third choice, rather than the default first choice. Most banks via their online banking products allow customers to transfer money between their own accounts and other accounts within the same country with no fees, or fees substantially less than using a bank wire for the transfer.

Before you use the cheapest method though, it’s important to understand how the funds are to be received at the other end. If they are cleared funds, as is usually the case with a wire transfer, then the recipient can withdraw or otherwise use the money as soon as it appears in their account. If they are not cleared funds then it make take up to a few days before the money is available. If you are paying for goods and they won’t be shipped until the funds have been cleared, this can mean a delay in shipping.

In the end, you need to decided how much of a hurry you are in to get the money to the other party and whether you need them to access the funs straight away or can afford to wait a few days with the trade off usually being less fees on transfer.

Above all else, remember to check what the fees and charges will be because sometimes there is a minimum amount and they may also be based on a percentage of the amount transferred. Smart people will ensure they transfer the money in the most effective way, which might mean prepaying for something just to avoid having to make more than one payment and getting charged a minimum fee more than once.

Primary Sidebar

Commercial State Bank, of Wagner

Commercial State Bank, of Wagner is a bank located in Wagner, South Dakota and regulated as part of …

Liberty National Bank

Liberty National Bank is a bank located in Lawton, Oklahoma and regulated as part of the Dallas …

The First National Bank of Groton

The First National Bank of Groton is a bank located in Groton, New York and regulated as part of the …

Mountain 1st Bank & Trust Company

Mountain 1st Bank & Trust Company is a bank located in Hendersonville, North Carolina and …

Copyright © 2021 · BankWireTransferFees.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.