How Do I Transfer Money from my U.S. Bank Account – A Simple Guide to US Bank Wire Transfer
Friends, in the previous article, we had learned what is US BAnk routing numbers? But, we had not shared any kind of stuff on how to transfer money from my US bank account to another or on US BANK WIRE Transfer.
So, today, we are here to share information on:
- US Bank Wire Transfer
- US bank transfer money to another bank
- US bank wire transfer fee
- US bank wire transfer instructions
- And, more related topics.
US BANK WIRE TRANSFER | INSTRUCTION
Dear Friends, Let you informed that wire transfer is the fastest way to receive and send money from and to US Bank account.
For receiving cash from within the USA, Domestic Wire Transfers are made. Whereas for receiving cash from a foreign country, International wire transfers are made.
However, once the transaction is begun by your sender through any financial institution, providing your banking details by the sender at the financial institution are essential for a successful transfer of cash to your US bank account.
Read Here: All US BANK ROUTING NUMBERS.
# International Wire Transfer to U.S. Bank: Instructions
As we know that for receiving money from foreign countries we have to do an International wire transfer. Since it is also one of the quickest ways to receive cash from abroad.
And, let me tell you that banks and credit unions use the SWIFT network for message exchanges, needed for doing an international wire transfer. In general, the receiver bank in the USA and the sender bank in any other country requires having a direct arrangement to initiate this direct swift transfer.
Do note that banks in the USA do not make use of IBAN account number.
Instructions for Incoming International Wire Transfers
Please provides the following details to receive an international wire transfer to your US bank account:
|Bank Name||U.S. Bank NA|
|SWIFT Code for U.S. Bank, NA||USBKUS44IMT|
|Routing Transit Number||Your US BANK ROUTING NUMBER in your state, where you had open checking account|
|US Bank Address, City & State||
|Beneficiary Account Number||Your U.S. Bank, NA, account number
(including the leading zeros)
|Beneficiary Name||Your name as appears in the account on your statements|
** Do note that if your transaction involves any kind of currency conversion, it might be possible to get very low exchange rate from the bank. Since so high fees are there for currency conversion.
To avoid such kind of problems, make use of TransferWise service for getting best conversion rates and for lower wire transfers fees.
US Bank Wire Transfer – Domestic Wire Transfer to U.S. Bank
And, for receiving money from within the USA, Domestic wire transfers are made. Such transfers are run with the help of Fedwire system or a CHIPS (Clearing House Interbank Payments System).
$$ Do note that wire transfers and ACH transfers are different from each other. Wire transfer is on the basis of real-time cash transfers. And, the receiver gets money usually on the same day of wire transfer. However, its fees are more for it than the ACH transfers. Usually, ACH transfers completed within an interval of 2 to 4 days.
Instructions for Incoming Domestic Wire Transfers to US Bank
Domestic wire transfers help to receive funds to your U.S. Bank account from within the USA from other banks. But, you need to provide some information to complete your transfer successfully.
So, provides the given below details to the cash sender to initiate your domestic wire transfer and complete it successfully.
|Bank Name||U.S. Bank, NA|
|Wire Transfer US Routing Number||Your US BANK ROUTING NUMBER in your state, where you had open checking account|
|Account Holder Name||Your Name|
|US Bank Account Number||Your US Bank Account Number|
|Bank Address, City & State||
$ US Bank Wire Transfer Fees $
Check the fees list for International and Domestic Wire Transfer or US Bank wire transfer fees.
|International Wire transfer fees||Incoming||$ 25 for each incoming transaction|
|Outgoing||$ 50 for each outgoing transaction|
|Domestic Wire transfer fees||Incoming||$ 20 for each incoming transaction|
|Outgoing||$ 30 for each outgoing transaction|
$$ do note that if your transaction involves any kind of currency conversion, then fees for it are higher including the fees for currency conversion. In general, the currency exchange is about 2 % lower than the market rate.
So, make use of reliable wire transfer service like TransferWise service to get better conversion rates along with lower wire transfer fees.
How to Send Wire Transfer from US Bank
So, the above details and instructions are for receiving an international and domestic wire transfer to US bank. Let us learn, how to send wire transfers from US Bank account.
For transferring funds to an international and domestic account from your US bank account, you have to fill up the Wire Transfer Request Form. Which is available at all branches of US Bank.
Then after, the procedure is as following:
- Fill up the all the mark fields of Wire Transfer Request Form with the help of above Wire Transfer Instructions.
- Now, the completed Wire Transfer form should be provided to any branch of the US Bank. It must be signed.
- Keep the disclosure of wire transfer with you for further records.
- The request should be submitted within the cut off time.
- And, wait for a confirmation call from the US Bank.
- However, fees are applicable for sending wire transfers.
** Due to fluctuations in the foreign exchange rates, the international wire transfers amount, other the US dollar will be estimated and processed on the next business day on the basis of foreign exchange rate valid at the time of international wires requested by the US Bank daily cut-off time. **
US Bank Wire Transfer Cut-off Time
- Please, contact your to service center nearest US Bank branch to learn the wire transfers cut-off time for U.S. Bank. Since wire transfer request after the US bank cut off time will be actioned on the next business day of the bank.
Hope that all the instructions and information is helpful for you. However, please comment us for more assistance on US BANK ROUTING NUMBER and US BANK WIRE TRANSFER: INSTRUCTION & FEES.