List Of Banks That Offer Free Wire Transfers

Many banks don’t charge any incoming wire transfer fee, and most banks charge $20-$25 for an outgoing domestic wire. That amount does vary; as an example, Ally Bank charges just $20.

I wasn’t aware until today that some banks don’t charge at all for outgoing wire transfers. I thought to start a list here of such options and readers can submit whatever else they know to help complete the list. Thanks.

Below we’ll list only banks who offer entirely free outgoing wire transfers. Some banks will offer this to all customers, yet others will only offer it for relationship customers or for certain types of accounts. If there are any banks that offer outgoing international wires free we’ll list those here as well.

Always be sure to find the bank’s fee schedule to confirm for yourself before using the information presented since the there may be errors and the policies can change. Also, remember, some banks charge an incoming wire fee, so even if you use one of the banks listed below to send the wire there might still be a charge for the recipient.

Bank of America

(link needed) Bank of America Preferred Rewards Diamond members get free outgoing domestic and international wire transfers, 2 per statement cycle. Diamond Honors members get unlimited waivers of these fees.

Brex Business

(link) Brex business banking offers free outgoing domestic and international wires.

Chase

(link) Chase Sapphire Banking and Private Client offers free outgoing domestic wires.

CIT Bank

(link) CIT Bank offers free outgoing domestic wires for accounts with a balance of at least $25,000.

Citibank

(link) Citibank waives the fee for domestic and international wires on Citigold and some other relationship checking accounts.

Citizens

(link) Citizens Bank offers free outgoing domestic wires on their Quest and Wealth checking accounts.

Eastern Bank

(link) Eastern Bank Premier checking offers free outgoing domestic and international wires in US & or foreign currency. (see this comment)

ETrade

(link) ETrade waives the outgoing domestic wire fee on Checking and Max-Rate Checking accounts.

Fidelity

(link) Fidelity offers free outgoing domestic and international wires from their cash management account. (see also this comment)

HSBC

(link) For HSBC offers free domestic and international outgoing wire transfers for Premier/Jade customers (if all account holders are Premier).

Interactive Brokers

Interactive Brokers offers one free outgoing wire per month. (source)

Marcus Bank

(link) Marcus Bank offers free outgoing domestic wires. Note, they only allow wires to your own account at another bank.

Mercury Business

(link) Mercury business banking offers free outgoing domestic and international wires.

Morgan Stanley

(link) Morgan Stanley offers free outgoing domestic wires on their CashPlus account. (source)

PNC Bank

(link) PNC Bank offers free outgoing domestic wires on their Performance Select Checking account and possibly some other accounts. (This needs to be done in branch or over the phone or app, per comments.)

Schwab

(link) Schwab offers three free online outgoing domestic wires per quarter for those with Household Balances of more than $100,000. They also offer free incoming international wires, see this comment.

Synchrony

(link) Synchrony Bank has a Perks rewards program which – at Diamond tier – gives you three free outgoing domestic wires per statement cycle.

TBK

(link) TBK Bank offers up to $50 in wire fee rebates per statement cycle.

TD

(link) TD Bank offers a reimbursement for one outgoing wire (domestic or international) per statement cycle. (Might not be on all accounts.)

Wells Fargo

(link) Wells Fargo Premier checking offers free domestic and international outgoing wires. They also offer free incoming international wires.

(link) Wells Fargo Navigate business checking allows two free outgoing domestic wires per month.