Costs of wire transfers with BMO

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