What are the differences in international wire transfer fees between US banks?

The cost of an international wire transfer from the US can vary depending on the bank you use and the country you are sending money to. Different banks have different fees and exchange rates, so it's important to compare your options to find the most cost-effective solution. Additionally, some banks may charge a flat fee for international wire transfers, while others charge a percentage of the total amount being sent.

For example, as of 2023, Bank of America charges $45 for outgoing international wire transfers in foreign currency and $35 for outgoing international wire transfers in US dollars. Chase Bank charges $40 for outgoing international wire transfers in foreign currency and $45 for outgoing international wire transfers in US dollars. Wells Fargo charges $35 for outgoing international wire transfers in foreign currency and $45 for outgoing international wire transfers in US dollars.

It's worth noting that in addition to the fees charged by the bank, you may also be subject to fees from intermediary banks and recipient banks. These fees can add up quickly, so be sure to check with the recipient to see if there are any additional costs you should be aware of.