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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 one-week mid-range stay in Syria, travelers should anticipate a budget of approximately 500,000 to 700,000 Syrian Pounds (SYP). This estimate includes accommodations, meals, transportation, and other daily expenses. Here’s a breakdown of typical daily costs:
Considering these prices, Syria can be characterized as a budget-friendly destination compared to the United States and the UK, where daily expenses would be significantly higher. For instance, a similar meal in the US might cost around $15-$25, while in the UK, it would be about £10-£20. Overall, those seeking to explore Syria will find it more affordable than both the US and UK, making it an attractive option for budget travelers.
For expats living in Syria, monthly living costs can vary, with estimates ranging from 1,500,000 to 2,500,000 Syrian Pounds depending on lifestyle choices. Essential amenities, particularly rent and utilities, can account for a significant portion of this budget. When managing finances, it's advisable to be mindful of banking options, because many international banking services may not be readily available. Debit and credit cards can be used, but having cash on hand is crucial due to limited card acceptance in many areas.
When it comes to sending or receiving money, online transfer services such as Wise or OFX often provide better rates and lower fees compared to local exchanges, especially if you need to convert foreign currency. Always check the current exchange rates and service fees before making transactions. For daily needs, exchanging money locally may suffice, but consider these online services for larger amounts or regular payments; they typically offer more favorable rates.
View a full list of exchange rates by selecting your Base (from) currency:
