Understanding the Table:
The comparison table above helps you see the total cost of your PNC Bank 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’.
Besides the FX rate markup shown in the comparison table, PNC Bank may also charge additional fixed fees for wire transfers depending on several factors, such as the type of transfer, the destination country, and the currency being sent. Here are some general guidelines for wire transfer fees with PNC Bank:
Note that these are the standard fees, and additional fees may apply depending on the specific circumstances of the wire transfer. For example, intermediary banks involved in the transfer may charge their own fees, which can be passed on to the customer.
PNC Bank 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: PNCCUS33: This code is used for receiving wire transfers in U.S. dollars from foreign banks.
ABA Routing Number: 043000096: This code is used for receiving wire transfers in U.S. dollars from banks located within the United States.
CHIPS UID: 0407: 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: 043000096: 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 PNC Bank before initiating a wire transfer.
PNC Premier Traveler Visa Signature Credit Card: This card charges no foreign transaction fees, making it a good option for travelers who frequently make purchases in foreign currencies.
PNC Points Visa Credit Card: Similar to the Premier Traveler Visa Signature Credit Card, this card also does not charge foreign transaction fees.
PNC Cash Rewards Visa Credit Card: This card charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
PNC Core Visa Credit Card: Similar to the Cash Rewards Visa Credit Card, this card also charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
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.
The best CAD to USD exchange rate is our partner deal rate of 0.7299 from OFX . This is -0.5% compared to the mid-market rate 0.7336.
The standard OFX CAD-USD rate is 0.7208, -1.7% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to US dollar (USD) rates from different sources before making a conversion.
The above PNC Bank - Loonie to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by PNC Bank and other foreign exchange providers against the latest CAD-USD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best CAD to USD exchange rate is 0.7299 from OFX, -0.5% from the mid-market rate 0.7336. The next best rate is 0.7293 from Wise, -0.59% from the mid-rate. Then XE with 0.7292 is -0.6% from the mid-rate.
The Western Union rate is 0.7263 which is -1% from the mid-rate.
Among the banks the TD Bank rate is 0.7264 at -0.98% the Scotiabank rate is 0.7135 at -2.7% and the Royal Bank of Canada rate is 0.7153 at -2.5% compared to the mid-rate 0.7336.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like PNC Bank 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.
The Canadian dollar (CAD) has shown resilience recently, bolstered by climbing oil prices, which are crucial for Canada’s economy.
Recent analyst forecasts indicate that the Canadian dollar (CAD) is currently supported by rising oil prices, which bolster its appeal as a commodity-linked currency.
The Canadian dollar (CAD) is currently benefiting from rising oil prices, trading at 105.5 JPY, which is 1.3% above its three-month average of 104.1.
View a full list of exchange rates by selecting your Base (from) currency: