Internet Banking Help - Transfer Funds Overseas (2024)

FAQs

Can you transfer money internationally through Internet banking? ›

Now you can use Internet Banking for making online international fund transfer through a convenient & secure way. Key features of this service are: Request can be placed any time , 24x7. Request would be processed within 1 working day excluding Saturday, Sunday and public holidays.

You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, Wise (formerly TransferWise) or Paysend.

Zelle services domestic money transfers only. This means it can only be used to send and receive funds to someone who has a bank account within the United States. If you need to send an international wire transfer, visit any U.S. Bank branch.

It's best to use a secure connection such as a Virtual Private Network (VPN) when accessing sensitive information like banking details online. Additionally, make sure you have strong passwords for all of your accounts and that two-factor authentication is enabled whenever possible.

Making an International Payment

Sending money abroad online is easy. Use our online calculator for an indication of cost and fees for the payment. When you're ready, you'll be able to complete the payment in a few simple steps.

We are available in more than 200 countries/regions and support 25 currencies. Send and receive payments easily over borders and language barriers. We're here for you, wherever you are.

Venmo is a money transfer tool that works for simple payments within the US such as bills or to transfer money between friends. Unfortunately, it cannot be used for international transfers or if you are located outside the US.

Bank of America is a good option for those who want to send money to countries that are not covered by other banks. Wells Fargo: Wells Fargo is another popular bank in the United States that offers competitive exchange rates and low fees for international wire transfers.

Which bank is best for international money transfers? ›

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

Usually, remittances are made via online modes of payment or through a money transfer agent or service providers of a bank. These methods come with a certain fee such as a transaction fee that is charged by the facilitator along with applicable taxes. This fee varies between banks and service providers.

Each bank or credit union has their own rules and regulations on sending and receiving wire transfers. Not all financial institutions offer both domestic and international transfers, though.

There are four main options for sending an international wire transfer: Method 1: You can perform a wire transfer through your bank's online services. Method 2: You can visit your bank's branch to get in-person assistance with the transfer.

You can use the service in most countries but some don't allow encrypted data to be sent over a public phone network.