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Understanding the Table:
The comparison table above helps you see the total cost of your Bank of America currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Bank of America uses different bank codes depending on the currency and location of the sending bank. Here are some of the most common bank codes used for receiving foreign wire transfers:
SWIFT Code: BOFAUS3N: This code is used for receiving wire transfers in U.S. dollars from foreign banks.
ABA Routing Number: 026009593: This code is used for receiving wire transfers in U.S. dollars from banks located within the United States.
CHIPS UID: 0959: This code is used for receiving wire transfers in U.S. dollars from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).
Fedwire ABA Routing Number: 026009593: This code is used for receiving wire transfers in U.S. dollars from banks located outside of the United States.
It's important to note that specific bank codes may vary depending on the currency and location of the sending bank, and it's recommended to confirm the correct codes with Bank of America before initiating a wire transfer. Additionally, Bank of America may charge fees for receiving wire transfers, so it's important to check the current fees and policies before initiating a transaction.
Bank of America offers several credit cards with different foreign transaction fees. Here are some examples:
Bank of America Travel Rewards Credit Card: This card charges no foreign transaction fees, making it a good option for travelers who frequently make purchases in foreign currencies.
Bank of America Premium Rewards Credit Card: Similar to the Travel Rewards Credit Card, this card also does not charge foreign transaction fees.
Bank of America Cash Rewards Credit Card: This card charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
Bank of America Business Advantage Cash Rewards Mastercard: Similar to the Cash Rewards Credit Card, this card also charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
Bank of America Business Advantage Travel Rewards World Mastercard: This card charges no foreign transaction fees.
It's important to note that credit card terms and conditions can change, so it's always a good idea to check the current fees and policies before applying for or using a credit card for foreign transactions.
If you wish to save on exchange rates and foreign ATM fees then you should consider the Wise multi-currency card.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
For travelers planning to explore the stunning fjords, vibrant cities, and rich culture of Norway, budgeting appropriately is crucial. For a mid-range stay of one week, it is advisable to bring around 12,000 to 15,000 NOK (approximately 1,100 to 1,400 USD), ensuring a comfortable experience without breaking the bank. Typical daily expenses may include meals at a local restaurant costing around 200-300 NOK 🍽️, a cup of coffee for about 40 NOK ☕, a public transport fare at around 50 NOK 🚍, and a prepaid SIM card priced at approximately 200 NOK. For budget accommodation, expect to pay around 900-1,300 NOK per night for a hotel or Airbnb 🏨. Overall, Norway is known for being relatively expensive, particularly when compared to the United States and Canada, where similar experiences may come at a lower price point. Unlike the U.S., where dining out and accommodations can be more budget-friendly, Norway's cost of living reflects its high standards and quality.
For expats moving to Norway, it's good to be prepared for the typical monthly living costs, which can range from 25,000 to 35,000 NOK, depending on location and lifestyle choices. Essentials like groceries, utilities, and transportation will contribute to this figure. When managing finances, using local bank cards is often recommended as they typically provide competitive exchange rates. It’s also advisable to notify your bank of your travel plans to avoid any hiccups with transactions. For sending and receiving money, services like Wise and OFX allow for convenient international transfers, generally offering better rates compared to traditional banks. When it comes to exchanging cash, locals often prefer using banks or ATMs for better rates rather than exchanging cash at airports or tourist hotspots, which can entail higher fees.
View a full list of exchange rates by selecting your Base (from) currency:
