MBA- Finance- Various roles within Bank of America from Small Business Development Officer, Small Business...Accepted answer
You can initiate the transfer on line if you are enrolled in online banking or go to your nearest BOA Banking Center and ask them that you would like to do a wire transfer. The fee for a wire transfer is 25.00. If you prefer to transfer on line, you can by clicking the transfers tab at the top of your online banking menu. Once you click transers, choose transfers outside the bank option. After that you will be prompted to add recipient information including beneficiary name, beneficiary acct #, routing number of receiving bank, name of receiving bank etc. It is a good idea to register for a safe pass code so that when you send the wire, you will get a text message or email(based on your preference) giving you the safe pass code. You will be prompted to enter this safe pass code at time of sending and cfmng the wire details. Before initiating the wire, make sure you have the correct info including ABA/routing number/beneficiary acct # for wires for the receiving bank. The fee for a wire is $25.00 and the funds are delivered usualy within 24 hours except for weekends where they will be sent out the next business day.
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