Which banks offer free incoming wire transfers? (checking or savings)

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
Topic Author
teelainen
Posts: 311
Joined: Fri Feb 01, 2019 1:17 am

Which banks offer free incoming wire transfers? (checking or savings)

Post by teelainen »

How much does your checking account or savings account charge you for incoming wire transfers?

If you get incoming wires for free, can you tell us which bank you are with and what type of account you have?

Thank you.
HoberMallow
Posts: 72
Joined: Sun Feb 12, 2017 3:04 pm
Location: SoCal

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by HoberMallow »

Ally is free for incoming wires. Outgoing wires are $20.
calwatch
Posts: 421
Joined: Wed Oct 02, 2013 1:48 am

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by calwatch »

Chase at the Sapphire Checking level ($75k or up, including through YouInvest).
https://account.chase.com/sapphire/brand

Fidelity's cash management has free wires both ways.
Schwab is free incoming (including their checking account).
XacTactX
Posts: 93
Joined: Sat May 11, 2019 5:46 pm
Location: Southern California

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by XacTactX »

- Bank of America with Gold tier, $20k or more has free incoming domestic wire transfers.

- Bank of America with Platinum or higher tier, $50k or more has free incoming international wire transfers

- Click on "Select Banking Services" to see the information directly from BofA

https://www.bankofamerica.com/preferred-rewards/
SMLF | ISCF | EMGF | LendingClub | Cash
User avatar
galawdawg
Posts: 2771
Joined: Thu Dec 14, 2017 12:59 pm
Location: Georgia

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by galawdawg »

calwatch wrote: Wed May 19, 2021 2:06 am Schwab is free incoming (including their checking account).
And if you have a portfolio of at least $100k with Schwab, you receive three free outgoing wires per quarter.

USAA has no fee for incoming wire transfers.
Kagord
Posts: 745
Joined: Fri Nov 23, 2018 1:28 pm

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by Kagord »

I've switched almost all activity to a Schwab bank/investing account and everything I've ever used is free, including incoming/outgoing wire transfers, ACH, ATM fees get reimbursed monthly from any ATM you use, free online billpay. So bank charges have been non existent for me, and I have the convenience of integrated investing with the account.

I still keep a local major bank branch account with a with a little bit of cash, safe deposit box, and use it for things like free notary/medallion services..etc. During a year, I can count the times I've gone to this bank with the fingers on one hand.
barberakb
Posts: 314
Joined: Fri Apr 21, 2017 11:14 pm

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by barberakb »

CIT bank has free wires both ways. If you keep a certain balance
VictorStarr
Posts: 163
Joined: Sat Jan 04, 2020 10:13 pm
Location: California

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by VictorStarr »

Free incoming wires:
  • Ally Bank
    BMO Harris Bank
    Discover Bank
    Capital One 360
    Chase Sapphire (free with $75K in assets) and other premium checking accounts
    Fidelity CMA
    USAA
    Schwab Bank
Fidelity CMA and Chase Sapphire have free outgoing wires.
criticalmass
Posts: 1996
Joined: Wed Feb 12, 2014 10:58 pm

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by criticalmass »

teelainen wrote: Wed May 19, 2021 12:20 am How much does your checking account or savings account charge you for incoming wire transfers?

If you get incoming wires for free, can you tell us which bank you are with and what type of account you have?

Thank you.
It's probably easier to list banks that charge for incoming wires. Stay away from high fee institutions. I've never been charged for incoming wires at a credit union or regional bank.
eukonomos
Posts: 112
Joined: Mon Jan 01, 2018 2:26 pm

Re: Which banks offer free incoming wire transfers? (checking or savings)

Post by eukonomos »

Marcus Bank has free wires both ways.

Savings only. They don't have checking accounts.
Post Reply