To make a Capital One international wire transfer, the students must have a personal bank account in the USA. Also, students can receive money transfers from across the world through a Capital One account. To send money internationally through a SWIFT wire transfer, an individual must go to the official website of this financial institution and proceed with the transaction.
With Capital One international wire transfer, they ensure that the money sent overseas and received via wire transfer is received within 1 to 5 business days. The organisation also charges transfer fees, which are different for sending and receiving money internationally.
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What is Capital Capital One International Wire Transfer?
Capital One International Wire Transfer is a service provided by Capital One Bank that enables customers to transfer funds electronically from their Capital One account to a foreign bank account. This service allows for the secure and swift movement of funds across borders. Capital One offers this feature to support global transactions, though it typically involves fees and may take a few days to process. Users should provide essential details like the recipient’s bank information, SWIFT/BIC code, and account number to ensure successful transfers.
How to Send Capital One International Wire Transfer?
Capital One enables an individual in the United States to send money internationally through the SWIFT transfer channel. This financial organisation transfers vast amounts of cash securely and swiftly. An individual with a personal bank account can make a wire transfer through the official website of Capital One and she/they/he must produce specific details.
Steps to Send a Wire Transfer
A person can make an online wire transfer after furnishing the requisite details. Here is a step-by-step guide to making a wire transfer through Capital One:
- Create an account and Sign in to the official website i.e. capitalone.com
- Log in to your account using your credentials
- Select the bank account from which you want to transfer money internationally
- Now, select the ‘Account Services and Settings’ option
- After this, click on the ‘Wire Money’ button
- In the final step, enter the requisite information
Also Read: Cheapest International Money Transfer from Australia, UK, USA, Ireland and Other Countries
Details Required for Capital One International Wire Transfer
An individual needs to produce the following information to complete the Capital One international wire transfer. You need to enter the following details:
- Name and address of the recipient
- ABA (American Bankers Association) routing number of the recipient
- Account number of the receiver
- Bank address of the beneficiary
- Address of the intermediary bank
- ABA routing number of the intermediary bank
Transaction Limit
Capital One has a limit on daily international transfers. Any customer of this financial institution can send up to USD 50,000 and USD 500,000 daily through Capital One Wire Transfer.
Transfer Fees
To make an online wire transfer, a person needs to pay USD 30 to this organisation. This amount is charged immediately.
Delivery Time
If the request for a wire transfer is made by 2 p.m. ET Monday through Friday (apart from federal holidays), the money will be sent that day. After this period, it will be delivered the following business day if you request it.
How to Receive Capital One International Wire Transfer?
When receiving a wire transfer, the sender’s bank will be solely responsible for commencing the transaction. The sending bank will require specific details to complete the overseas transfer successfully. Capital One also charges for incoming overseas wire transfers.
Steps to Receive a Wire Transfer
Any overseas student with a personal bank account can receive a Capital One international wire transfer after furnishing the mandatory information. Here is a step-by-step guide to receiving a wire transfer from beyond the US borders:
- Visit the official website or App of Capital One
- Click on the ‘View Details’ option and provide all the information
- Check whether details are accurate
- If all details are correct, the transferred amount will be deposited in your account within the delivery time
Also Read: Bank of America International Transfer: Limit, Exchange Rate, Charges
Required Details
The recipient in the United States of America will need to submit the following information to the sender’s bank on the website or App of Capital One:
- SWIFT Code and IBAN of Capital One
- Address of Capital One (1111 N Town Center Dr., Las Vegas, NV 89144)
- Account number of Capital One
- Capital One ABA routing numbers
Transfer Fees
By account type, different wire transfer fees apply. For inbound wire transfers, the organisation charges USD 15 for incoming wire transfers in High-Yield Checking, Essential Checking, and Essential Savings accounts. There are no fees for any other account kinds.
Delivery Time
An incoming Capital One international wire transfer arrives within 3 to 5 business days. The amount is directly deposited into your bank account.
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Capital One International Transfer SWIFT Code
An individual group of 8 or 11 alpha-numeric characters known as the Society for Worldwide Interbank Financial Telecommunications (SWIFT) Bank Identifier Code (BIC) uniquely identifies a particular financial institution and each of its branches. When a message or payment is transferred, this code is utilised to ensure automated and precise identification of financial institutions within payment systems.
The SWIFT BIC can be given to you by your Beneficiary. The majority of SWIFT BICs just use the 8-character head office version, but some also need the extra three characters to specify a particular branch location. Your instructions for international outgoing wires must include the SWIFT BIC for the Beneficiary Bank and Intermediate Bank (if required) in the designated instruction areas to guarantee timely delivery.
Thus, to receive a Capital One international wire transfer must produce a Capital One SWIFT Code (IBAN) which is HIBKUS44. The sender from across the border needs to provide this code to the sending bank for a successful transaction.
Also Read: Check here some of the major details on Same Currency International Transfer
FAQs
Ans. Yes, an individual with a personal bank account can send or receive money from overseas through Capital One.
Ans. If money is transferred by 2 p.m. ET Monday through Friday (apart from federal holidays), the money will be sent that day. For requests made after the deadline, the funds will be transferred on the next business day.
Ans. To receive a Capital One international wire transfer must produce a Capital One SWIFT Code (IBAN) which is HIBKUS44.
Yes. If you want to make an international money transfer then you must have an account in the USA.
You can simply visit the bank and submit necessary documents such as visa, passport, admission letter etc. Fill an account opening form and submit the same with the relevant documents.
Stay connected with Fly Finance to avail yourself of study abroad loans and international money transfer services. Connect with our finance experts at 1800 572 126 to get proper guidance while opting for these services.
