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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.
When planning a trip to Turkey for a week-long mid-range stay, travelers should budget approximately 1,500 to 2,000 Turkish Lira (TRY) per day, translating to around 10,500 to 14,000 TRY for the entire week. This amount can comfortably cover meals, sightseeing, transportation, and occasional shopping. Here’s a brief overview of typical daily expenses in Turkey: 🍽️ Meal at a local restaurant: 150-300 TRY, ☕ Coffee: 30-50 TRY, 🚍 Public transport fare: 20-30 TRY, 📶 Prepaid SIM card: 400-800 TRY, 🏨 Budget hotel or Airbnb: 800-1,200 TRY per night. Overall, Turkey offers relatively affordable travel experiences, making it cheaper than the United States and only slightly more expensive than visiting the UK. In comparison, costs in Turkey are generally lower regarding day-to-day expenses like food and transport, even if average hotel prices can sometimes rival the UK.
For expats in Turkey, maintaining a comfortable lifestyle typically requires a monthly budget ranging from 10,000 to 15,000 TRY, depending on individual circumstances and location. Key expenses include rent, utilities, groceries, and entertainment. When it comes to banking, using local banks for daily transactions is advisable, as they offer a variety of services tailored to residents. Cards are widely accepted, but carrying some cash is crucial for small purchases. For sending and receiving money internationally, online services like Wise or OFX provide competitive rates and lower fees compared to traditional banks, thus avoiding unfavorable forex rates typical of local exchanges. Generally, for the best value, it's often recommended to exchange a minimal amount of money locally, perhaps for immediate expenses, while relying more heavily on online services for larger transactions to facilitate a smooth financial experience in Turkey.
View a full list of exchange rates by selecting your Base (from) currency:
