Automatic clearinghouse (ACH) transfer: If you need to pay a monthly bill, you can often do so via ACH transfer.Money orders are generally processed quickly and can be a good option if you don’t have a checking account. You’ll pay a nominal fee of up to $5 for a money order. Money order: With a money order, you can send domestic payments of up to $1,000 to individuals and companies.Just be aware that check fraud is on the rise, so consider taking additional precautions like getting a USPS tracking number if you go this route. Paper check: Putting a paper check in the mail is still an option if you need to pay a person or company, and you generally won’t be charged a fee to send a check.It could take a few days to transfer money from your Zelle or Venmo account to a bank account. Most transactions are free through these services, and payments generally process very quickly. Peer-to-peer payment: If you’re paying an individual, you can send money via a peer-to-peer payment service like Zelle or Venmo.If a wire transfer payment sounds too cost-prohibitive, several other payment methods are available to you. For instance, it may cost less to send a wire transfer in U.S. Costs may also vary based on the currency you choose. Often, banks will charge more for wire transfers initiated at a physical branch than online transfers. If you prefer not to open a new account, review your bank’s fee schedule to determine how its wire transfer fees are structured. Doing so could help save you hundreds of dollars in fees each year, especially if you’ll be sending money internationally. Those planning to send several wire transfers each year may want to consider opening an account with a bank that charges relatively low fees for this payment service. If your bank charges wire transfer fees, you may not be able to get them waived entirely, but there are some things you can do to reduce these costs. Your fees also vary if you send a wire in U.S. If you’re sending a payment internationally, you’ll pay as much as $65 per wire transfer, depending on your bank. For instance, fees might be lower if you send a wire online versus at a local bank branch. They can also vary depending on how you send your wire. But fees for sending a domestic wire transfer can still be fairly high. The recipient may receive less due to the fees charged by the intermediary bank and recipient's bank.As you can tell, wire transfer fees are generally lower if you’re sending a payment within the United States. Please be aware the amount the recipient receives may differ from the amount debited from your account. Calling a branch over the phone is not considered a Voice Wire. Voice Wires are wire transfers initiated by a business customer who elected to have a Wire PIN set up, so they can call the wire transfer department to process their request. See the Foreign Currency section of Your Deposit Account Agreement for more information. The exchange rate will include our profit, fees, costs and changes. Bank on the business day when such exchange is processed based on factors such as market conditions and risk, economic and business factors. Bank will convert your funds at a retail exchange established by U.S. dollars prior to being credited to your account. Deposits received in a foreign currency, whether by check, wire-transfer, or otherwise, must be converted to U.S. Voice Wire - Outgoing (Domestic) $35.00Īdditional fees may be deducted from the transfer amount by other financial institutions involved in the payment process.Business savings and money market accounts.Find a financial advisor or wealth specialist.Bank Altitude® Reserve Visa Infinite® Card Bank Shopper Cash Rewards® Visa Signature® Card Bank Altitude® Connect Visa Signature® Card
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