Truist is a new bank that arose from BB&T's acquisition of SunTrust's assets. Fees may apply, and this feature is not available to all BB&T clients. Using its Outside Transfer Service, you can transfer funds between certain BB&T accounts and your eligible accounts at another financial institution from the “Payments & Transfers” menu. You’re now ready to call BB&T to begin the application process once you’ve decided on the account that’s best for you and gathered your personal information. Whether you're a seasoned banker or just getting started, everyone's financial needs, means, and capabilities are different, so consider the following advantages and disadvantages. There are usually 1-3 intermediary and recipient banks that levy fees as well. However, if the fees alone aren't compelling enough to explore an alternative, consider the exchange rate mark-up, which pegs at 4-6%difference. The fees charged by BB&T appear to be higher than those offered by private money transfer providers. How Do BB&T Bank Transfer Fees Compare to Using a Money Transfer Provider? “You shall be responsible for paying any and all costs levied by our correspondent banks, intermediary banks, and payment agents for conducting or forwarding an international wire transfer from BB&T, some, if not all, of which may be deducted from the wire transfer proceeds,” according to BB&T. Tracing an overseas payment costs $20 per transaction. Recall of a foreign payment costs $30 per transaction Stopping international payments costs $30 each transaction.Ĭhanging an international payment costs $20 per transfer. Other costs may apply to international transfers, particularly if you need to recall or trace a transfer. $18.00 for a returned international wire transfer $8.00 for a returned domestic wire transfer If you're a BB&T client, here are some of itstransfer fees (may be changed periodically). Transfer FeesĮvery bank handles transfers in its own unique way, with its own set of procedures, regulations, and charges. If BB&T is performing the conversion, you may compare its rates to the mid-market rate using an online currency converter.īefore you start sending money, double-check with BB&T customer service to see if your account is approved for international wire transfers. On its website, BB&T provides a daily list of foreign currency rates, as well as the opportunity to subscribe to a mailing list for daily foreign exchange rate updates. BB&T Bank Exchange Rates and Fees Exchange Rate In select Midwest, South, and East Coast states, BB&T offers an accessible, one-stop-shop alternative for consumers seeking for a banking institution. It began as a tiny bank in 1872 and today has a market capitalization of more than $230 billion. It has over 2,900 locations across 18 states. The bank merged with SunTrust to form Truist, although the two brands continue to provide different products for the time being.īB&T Bank is one of the country's major financial services companies. It has a good customer service reputation and offers a variety of deposit account alternatives. (BB&T Bank), based in North Carolina, is an FDIC-insured bank.
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