BBT International Wire Transfer

The full form of BBT is Branch Banking and Trust Co. It is a North Carolina-based FDIC-insured Bank that was established in 1872 and has grown since then. The bank is known for its good customer service and offers a wide range of deposit account alternatives. It is a diverse bank with branches in more than 2,900 locations across 18 states. Currently, the bank has a market capitalization of more than $230 billion. It is a one-stop-shop alternative for consumers offering accessible banking services in Midwest, South, and East Coast states. Let’s delve into the specifics of BBT International Wire Transfer. 

Transferring Money 

BBT Bank offers easy money transfer services enabling customers to facilitate international wire transfers between their BBT account and other eligible accounts at another financial institution. Users can easily transfer by visiting the “Payments and Transfers” menu. There may be a transfer fee applicable on your BBT bank international wire transfer. 

Also Read: Bank of Scotland International Money Transfer 

BBT Bank Fees and Exchange Rates

The following are the exchange rates and fees applied on transactions offered by BBT Bank:

Exchange Rate 

Exchange rates differ from country to country and are subject to change depending on the market trend. 

Transfer Fee

Every bank charges some fees from their customers using the bank’s services. Bank handles transfers in their own way under a set of procedures, regulations, and charges. The following are the fees charged by BBT Bank on various transfers:

Category	Fee Charge	In INR
International Wire Transfer	$30	2,455
Domestic Wire Transfer	$15	1,227
Returned International Wire Transfer	$18	1,473
Returned Domestic Wire Transfer	$8	654

Additional Cost 

The following are the additional costs that BBT Bank charges for its services:

Category	Fee Charge	In INR
Stopping International Payments	$30 for each transaction	2,455
Changing an International Payment	$20 for each transaction	1,636
Recall of a Foreign Payment	$30 for each transaction	2,455
Tracing an Overseas Payment	$20 for each transaction	1,636

How to Open a Bank Account with BBT Bank

Opening an account with BBT Bank is quite an easy procedure. The following are the steps to open up a bank account:

Identify the Type of Bank You Wish to Open

The bank offers various types of accounts such as checking accounts, saving accounts and other alternatives. 

Gather All your Personal Details

The following are the documents required to open a BBT Bank account:

• The number assigned by Social Security Administration
• Address
• Year of Birth 
• Your First Deposit 
• Government Issued Identification

Apply In-person or Online 

Begin your application process by either visiting a branch or through the bank’s online portal. Submit the required information and complete all the formalities 

Also Read: Emirate NBD International Transfer

Pros and Cons of BBT Bank 

The followings are the pros and cons of BBT Bank:

Pros

• You can open an account with a low minimum deposit, and customers can open a checking or savings account with a minimal amount of $100 or less in addition to the premium accounts
• It does not require monthly fees. In this low-interest-rate era, it is crucial to have a savings account that does not have the monthly amount to negate the money you receive 
• It offers many possibilities with CDs. Customers can use the regular CD. enjoy the benefits of promoting pricing, rate adjustments, or locking in yearly rate rises 

Cons 

• It offers less competitive deposit interest. The bank offers tiered prices on some of its deposit products. However, the interest rates are not comparable with those offered by other banks
• There are comparatively fewer branches of the. The bank is focusing on expanding but, there are still no branches west of Texas
• Information related to some data may not be available. Some information related to account choices and interest rates could also be unavailable. 

Also Read: Equity Bank International Money Transfer 

Benefits of Choosing BBT Bank

The following are the benefits of choosing BBT Bank:

• It offers the majority of the account types for customers to choose from depending on their requirements and budget 
• It is a great bank for day-to-day banking
• It is an ideal option for customers seeking high-yield savings, money market, and CD accounts
• It offers significantly lower interest rates compared to its competitors

FAQs