Back to blog

Is Your Bank Charging You Too Much For International Payments?

1 min read • October 23, 2017

Is Your Bank  Charging You Too Much For International Payments?

Wondering how much it will cost you to send an international wire? We’ve compiled all fee information for you at the top banks in the US and Canada.

Banks charge fees for both sending wire payments and receiving them. You may be charged additional fees by your bank depending on your specific needs.

Some banks charge additional fees for advice and service, so it’s best to come prepared with everything you need to make an international wire if you want to avoid incurring these fees.

US Banks

Bank Sending fees Receiving fees
Bank of America $35 $15
Chase Bank $40 $15
PNC $45 $15
US Bank $50 $20
Wells Fargo $45 $15
Citibank $45 $15

Canadian Banks

Bank Sending fees Receiving fees
TD Canada Trust $30 $17.50
RBC $20 $15
Scotiabank $20 $15
BMO $15-125 (0.2% of amount sent) n.a.
CIBC $30 $15
Tangerine Does not support international wires n.a.

Feel like you’re being ripped off? Online payments are a cheaper and more efficient option. Plooto charges a flat fee of $9.99 for sending international payments and does not charge for receiving. The rates are also very competitive compared to your bank.

Use our rate comparison tool to find out how much you could be saving on wire fees.