Generally, it’s cheaper to send money domestically because fewer financial systems are involved. The wire transfer fee your bank charges depends on whether you’re sending or receiving the money, as well as whether the recipient or sender is overseas. What wire transfer fees should I expect from banks? Simplii wire transfers: Free Interac e-Transfers and Global Money Transfers.CIBC wire transfers: Fees are tiered based on the sending amount.BMO wire transfers: Flat-rate fee plus a communication charge to send.RBC wire transfers: Free to receive small amounts or from RBC accounts.TD wire transfers: Flat-rate fee to send or receive.Here is a quick snapshot of how Canadian banks charge wire transfer fees. Bank and other financial institutions typically charge a fee between $15 and $50 to send or receive a wire transfer. You can typically wire transfer money within Canada (called a “domestic wire transfer”) or from Canada to a different country (known as an “international wire transfer”). From non-RBC accounts: Free ($50 or less), $17 (over $50)īMO wire transfer fees effective July 10, 2023Ĭompare more money transfer services now What is a wire transfer?Ī wire transfer is a method of moving money electronically around the world through a bank-to-bank or bank-to-agency network.Savings account interest income tax rate.Minimum credit score for credit card approval.Please reach out to us if you need further assistance. Visit our overview page for more information on wire transfers. International wires may take 3–5 business days to arrive and be deposited to your account. The following account types are charged a $15 fee for incoming wire transfers:Īll other account types are not charged a fee.ĭomestic transfers will be deposited and made available the same business day if received by 5 p.m. Please call for help with your routing number.įees for receiving a wire transfer vary by account type. If you’re not enrolled in digital banking, your account number can be found at the top of your paper statement. These can be found under “View Details” in the app or on the web.Your Capital One account and routing numbers.Capital One’s address: 1680 Capital One Drive McLean, VA 22102-3491.
The wire transfer process for small business and commercial accounts may differ.īelow you can find the information you will need to send a wire transfer online.
Keep in mind that these steps apply to personal bank accounts. See our support page for more information on requirements for wire transfers. There is a $30 sender fee for all online wire transfers. Wire transfers allow you to send large amounts of money quickly and securely.