Plooto Blog | Tips & Insights for Business Payment Perfection

International Payment Fee Comparison

Written by Plooto Inc. | 25 Jul 2019

Is your bank charging you too much for international payments? We’ve compiled all fee information for you at the top banks in the US and Canada so you can find out.

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 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
Citiank $45 $15
Canadian Bank Sending Fees Receiving Fees
TD Canada Trust $30 $17.50
RBC $20 $15
Scotiabank $20 $15
BMO $15-$125 n.a.
CIBC $30 $15
Tangerine Not supported n.a.


Feel like you’re being ripped off? Online payments are a cheaper and more efficient option. Competitive rates and a flat fee of $9.99 make Plooto a great option.

 

CHAPTERS

00  Best Way to Send International Payments: Stress-Free and Low Cost

01  Things to Consider When Making International Payments

02  An International Payment Solution in the New Digital Norm

03  International Payments, Is Your Bank Charging Too Much?

04  International Payment Fee Comparison