![]() ![]() In either scenario, an attractive balance transfer offer may save you money if you qualify for a lower interest rate than you’re currently paying. (Note: You’ll typically need good to excellent credit to qualify for balance transfer cards, as you do for most of the best credit card offers available.) Some credit card issuers may extend promotional balance transfer offers to existing customers as well - typically with a low APR for a set period of time. ![]() When you open a new credit card, you may be able to qualify for an introductory offer that features a low or 0% into APR on balance transfers for a limited time. But it’s important to understand how the balance transfer process works before you determine whether this debt consolidation tool is right for you. What is a balance transfer and how does it work?Ī balance transfer allows you to pay off existing debt with a credit card. Here’s what you need to know about how to do a balance transfer with Bank of America. Bank of America is the second largest bank in the United States, and several Bank of America credit cards feature 0% introductory APR offers for balance transfers.Īnd if you’re an existing Bank of America credit cardholder, you may be able to take advantage of balance transfer offers on that card as well. In general, balance transfers from different banks follow a similar pattern. dollars using the applicable exchange rate without prior notice to you.įor additional information related to Wires and foreign currency wires, please see the Online Access Agreement or applicable service documentation.A well-managed balance transfer could be a smart way to save money on high interest rates and pay off credit card debt at a faster pace. Incoming wire transfers received in a foreign currency for payment into your account will be converted into U.S. We may refuse to process any request for a foreign exchange transaction. Wells Fargo is your arms-length counterparty on foreign exchange transactions. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. The applicable exchange rate does not include, and is separate from, any applicable fees. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. In addition to any applicable fees, Wells Fargo makes money when we convert one currency to another currency for you. Some countries also require you to provide a purpose of payment. ![]() ![]() New Zealand, Cook Islands, Niue, Pitcairn and Tokelau: New Zealand Clearing Code.Canada: Canadian Payment Routing Number.Australia: Australian Branch Code (BSB).Depending on the country, we may ask you to provide an IBAN when you send an international wire transfer.Ĭertain countries require additional codes as follows: An IBAN identifies specific bank accounts at international banks. Your recipient’s International Bank Account Number (IBAN).If you don’t know this, contact your recipient’s bank. A SWIFT code or Bank Identification Code (BIC) identifies the bank that will receive your wire transfer. The SWIFT/BIC for your recipient’s bank.To send an international wire, you will also need: If you don’t know your routing number, we can look it up for you on the Add Recipient screen. The routing (ABA/RTN) number for your recipient’s bank.To send a domestic wire, you will also need: ![]()
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