Rates USD Markets Bank Of America USD to PHP Foreign Transfers

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Bank of America USD to PHP Transfers Compared

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Compare USD to PHP rates

International money transfer rates Send 10,000 USD → Receive PHP

Compare Bank of America Exchange Rates & Fees - Save Time & Money

Our Bank of America USD 10000 to PHP rate is 57.5. This is -6.1% below the mid-rate.

Bank of America foreign currency and wires at a glance

Ordering foreign currency cash

Customers with a Bank of America checking or savings account can order foreign currency through Online Banking or the mobile app. There is no separate order fee, but Bank of America earns money through the spread included in its exchange rate.

Delivery option	Fee
Standard delivery for orders under USD $1,000	USD $7.50
Standard delivery for orders of USD $1,000 or more	$0
Optional overnight delivery	USD $20

Online orders have a USD $100 minimum and a USD $10,000 maximum over 30 days. Orders of USD $1,000 or more must be collected from a financial center. Qualifying BofA Rewards clients may receive free standard delivery and an exchange-rate discount.

International wires

Bank of America customers can send international wires through Online Banking and the mobile app in more than 140 currencies to over 200 countries. An outgoing international wire sent in foreign currency has no wire fee, while one sent in US dollars costs $45. Exchange-rate markups and possible recipient or intermediary deductions can still affect the total cost.

Compare Bank of America travel money rates and fees, read the full Bank of America review or compare all rates from US dollars.

BER Benchmark: Bank of America USD FX Rates & Margins

BER Benchmark monitors Bank of America exchange rates across the USD currency corridors tracked by BER. The current average margin versus the mid-market rate is 6.2%.

This average is based on the USD 10,000 transfer rates currently monitored by BER across the available Bank of America currency corridors.

Bank of America - Lowest and Highest FX Margins

BER Benchmark ranks the Bank of America currency corridors currently monitored for US dollar transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a USD 10,000 transaction.

Bank of America Lowest FX Margins

Currency Pair	Bank of America Rate	Mid Market Rate	Margin
USD/CAD	1.3252	1.3931	4.9%
USD/HKD	7.4571	7.8458	5.0%
USD/EUR	0.8221	0.8663	5.1%
USD/GBP	0.7017	0.7402	5.2%
USD/CHF	0.7678	0.8102	5.2%

Bank of America Highest FX Margins

Currency Pair	Bank of America Rate	Mid Market Rate	Margin
USD/VUV	109.29	119.26	8.4%
USD/FJD	2.0454	2.2110	7.5%
USD/JMD	147.93	158.94	6.9%
USD/KWD	0.2879	0.3090	6.8%
USD/PHP	56.92	61.09	6.8%

Bank of America wire fees

Wire type	Standard fee
International outgoing in foreign currency	$0 wire fee; FX markup applies
International outgoing in US dollars	$45
International incoming	$15, with possible waivers

Recipient-bank fees, agent-bank fees and taxes may also apply. Bank of America determines its exchange rate and does not publish one universal markup percentage.

Bank of America receiving and timing

Bank of America says international incoming wires are typically credited in one to two business days. Outgoing delivery depends on the destination, currency, intermediaries and recipient bank.

For incoming US dollars or an unknown currency, use SWIFT BOFAUS3N. For incoming foreign currency, use BOFAUS6S. The domestic wire routing number is 026009593. Confirm the matching bank address and account details in Bank of America's current instructions.

Completed wires can be difficult to reverse. Independently verify recipient details and compare the disclosed recipient amount before sending.

What is the Bank of America Send Money conversion rate for USD to PHP?

The Bank of America USD to PHP exchange rate is 57.5. This is -6.1% compared to the latest USD-PHP mid-market rate 61.22.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Philippine peso (PHP) rates from different sources before making a conversion.

The above Bank of America - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Bank of America and other foreign exchange providers against the latest USD-PHP mid-rate and the possible savings of using various providers.

How do Bank of America USD-PHP rates compare between providers?

Looking at the full USD to PHP - Send Money comparison table the provider with the best USD to PHP exchange rate is OFX at 60.91, -0.51% from the latest mid-market rate 61.22.

The next best is XE at 60.85, -0.6% from the mid-rate.

Then Wise at 60.43, which is -1.3% from the mid-rate.

The Western Union rate is 60.3 which is -1.5% from the mid-rate.

Among the banks the Chase Bank rate is 57.56 at -6% the Wells Fargo Bank rate is 57.19 at -6.6% and the Citibank rate is 60.56 at -1.1% compared to the mid-rate 61.22.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Bank of America often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Best Exchange Rates Pty Ltd, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date. BER’s AI-generated rate analysis is developed using newsmon.ai.

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