Hey Fam, Is a wire transfer immediate with Bank of America? I’m interested in the usual processing time and factors influencing transfer speed. Any insights or personal experiences to share?
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Hi, When you initiate a Bank of America wire transfer, funds are deducted from your account the same day. Bank of America typically sends the payment immediately after processing, but recipients may receive domestic transfers within 1-2 business days. International transfers can take 2-3 business days for Bank of America to process and send, with recipients’ banks crediting the funds within 1-2 business days thereafter, subject to varying bank policies and country regulations.
In the event that you are transferring money to an account abroad, Bank of America will debit your account and process the payment right away.