Q: How much does it cost to send a wire transfer with BMO?
A: BMO charges a percentage of the wire transfer value.
Sending a wire transfer will cost you a minimum of $15 and a maximum of $125.
The fee is 0.20% of the wire transfers value. For example:
- Sending $5,000 will cost the minimum fee of $15
- Sending $20,000 will cost $40
- Sending $50,000 will cost $100
- Sending $100,000 will cost $125
In addition, BMO applies an additional “Communication charge” of $10, and any other financial institutions may have associated fees for incoming and outgoing wire transfers.
International wires can be 90% cheaper
With Plooto, send payments internationally with a flat fee of only $9.99.
Working with the top banks across North America, Plooto was built to help small businesses complete wire transfers with ease. With no hidden fees and automatic reconciliation with QuickBooks / Xero, Plooto helps you send/receive payments with peace of mind and lets you get back to growing your business.
Plooto is trusted by 30,000 companies.Save money on international payments with Plooto