Bank of America US dollar (USD) - Transfers Compared

Receiving an international wire transfer at Bank of America

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:

1. SWIFT Code: BOFAUS3N: This code is used for receiving wire transfers in U.S. dollars from foreign banks.

2. ABA Routing Number: 026009593: This code is used for receiving wire transfers in U.S. dollars from banks located within the United States.

3. 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).

4. 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 credit card FX fees

Bank of America offers several credit cards with different foreign transaction fees. Here are some examples:

1. 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.

2. Bank of America Premium Rewards Credit Card: Similar to the Travel Rewards Credit Card, this card also does not charge foreign transaction fees.

3. Bank of America Cash Rewards Credit Card: This card charges a foreign transaction fee of 3% of each transaction in U.S. dollars.

4. 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.

5. 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.