Discover Bank International Wire Transfer: Fees, Rates, Transfer Time

Discover bank international wire transfer: fees, rates, transer time

Discover Bank is one of the popular choices for making international wire transfers along with other deposit and savings services. account holders to make international wire transfers using the Discover Bank Routing number. It is used to make electronic transfers and domestic wire transfers. The routing number used for Discover Bank international wire transfers (from another bank outside the U.S.) is 043000261.

The maximum Discover wire transfer limit is USD 250,000 per 30-day rolling period. The Bank levies a service fee of USD 30 for each outgoing Discover Bank international wire transfer made from your Discover account. The sender can make these transfers via online and offline methods. Read on to find more information on how to make Discover transfers, discover bank SWIFT codes, discover international fees, transfer limit and much more.

How to Make Discover International Wire Transfer?

Discover Bank international wire transfers can be initiated through the Account Centre Online and Discover App. The Account Centre online only enables you to make domestic wire transfers while the app allows you to make domestic as well as Discover international wire transfers.

Make sure to initiate the Discover international transfer request 2 to 3 days before the day in advance to ensure pre-processing and verification. The best part about international wire transfers via Discover Bank is that if the request is received before 3:00 PM ET on a business day is processed on the same day.  Requests received after this time of the day are processed on the next business day provided it is not a weekend or a holiday.

Please note: A Wire Transfer Specialist reviews the request before processing it. They might ask for additional information and contact you within 1 business day of submission of your phone number.

Also Read: Want to send money via the US Bank? Know all about the details like fees, transfer limit, delivery time and other of US Bank International Wire Transfer.

Offline Transfer

To make an offline international wire transfer, the sender needs to download a paper form from the website of Discover Bank. For an overseas Discover wire transfer offline, the sender needs to produce the below-mentioned information:

  • Name of the sender and her/their/his Discover Bank account details
  • Amount to be transferred
  • Name and address of the receiver 
  • Recipient’s bank account number, bank’s Society for Worldwide Interbank Financial Telecommunication (SWIFT) Code or Business Identifier Code (BIC) Code, and International Bank Account Number (IBAN) 
  • After providing all the information, the sender has to upload a copy of the form through the online banking portal of Discover Bank or Fax the form to 1-224-813-5213 addressed to “Wire Transfer Request” or Mail it to Discover Bank’s address: Discover Bank, Salt Lake City, UT 84130, PO Box 30417

Online Transfer via Discover App

For online international funds transfers, a sender can use the Discover App. Here are some guidelines to make a Discover international wire transfer:

  • Log in to the Discover Bank App
  • Select the account you want to make transfers from
  • Select the “Transfers” or “Transfers and Payments” option
  • Enter the name, bank account number, SWIFT Code/BIC Code, and IBAN Code of the recipient
  • Download the form and fill it out
  • Upload the scanned copy of the form and required documents by using the Secure Document Upload Service of Discover Bank.
  • Then the sender needs to initiate the transfer by clicking on the “Submit” option.

Discover Bank SWIFT Code is IRVTUS3N for international wire transfers (from another bank outside the U.S.)

After document upload or document submission, the transfer request will be reviewed by a Wire Transfer Specialist. If the specialist finds any discrepancies in the form and documents she/they/he will reach out to the sender within 1 day of receiving the request. 

Also Read: Check out the steps to make a BOA International Wire Transfer. Learn more about its pricing, transfer partners, and transfer limits.

Transfer Limit

Different banks have different limits of international wire transfer. Discover wire transfer limit is mentioned in the table below:

Particulars Sending and Receiving Limit
Transaction through Discover App or Discover Account Centre Online Banking Platform$250,000/30-day rolling period
For accounts opened after 20th March 2022$10,000/30-day

Discover International Fees

Discover Bank does not charge for receiving domestic wire transfers or international wire transfers in US Dollars. The bank levies service charges and currency exchange fees on Discover international wire transfers received in foreign currency. The exchange rate is determined by the recipient bank and 

Discover international fees of USD 20 may be charged as currency exchange fees. There is a service charge of USD 30 for every outgoing Discover Bank international transfer. 

Type of ChargeCharges Applicable
Service ChargeUSD 30 
Currency Exchange FeesUSD 20

Also Read: Check out the compelling reasons to choose CitiBank International Wire Transfer and explore transfer limits, fees, CitiBank global transfers and online wire transfer services in detail.

How do I receive a wire transfer?

To receive domestic wire transfers and international wire transfers, an individual must provide details like beneficiary bank name, routing number, bank address, bank name, and account number. These are different for different categories. Refer to the information below for more details- 

For domestic wire transfers (from another bank in the US), please wire funds to:    

  • Beneficiary Bank: Discover Bank
  • ABA/Routing Number: 031100649
  • Beneficiary Bank Address (if required): 502 East Market Street, Greenwood DE 19950
  • Beneficiary Name: Your name (as it appears on your Discover Bank account)
  • Beneficiary Address: Your address (as it appears on your Discover Bank account)
  • Beneficiary Account Number: Your Discover Bank account number

For international wire transfers (from another bank outside the U.S.), please wire funds to:

  • Beneficiary Bank: Bank of New York Mellon
  • ABA/Routing Number: 043000261
  • SWIFT Code: IRVTUS3N
  • Beneficiary Bank Address (if required): #3 Mellon Bank Center, Pittsburgh, PA 15258
  • Beneficiary Name: Discover Bank
  • Beneficiary Account Number: 9914394
  • For Further Credit to: Your name (as it appears on your Discover Bank account), your address (as it appears on your Discover Bank account), and your Discover Bank account number

FAQs

What are Discover Bank International Wire Transfers?

Discover Bank provides various deposit and saving services alongside International wire transfer services. This service enables people to remit funds outside the US.

What is the Discover Bank Routing Number?

The routing number used for Discover Bank international wire transfers (from another bank outside the U.S.) is 043000261.

Does Discover Bank have international wire fees?

There are no Discover international fees on receiving domestic wire transfers or international wire transfers in USD. However, any wire transfers made in foreign currency are charged with a currency exchange fee of USD 20.

What is the Discover Bank address for wire transfers?

Discover Bank’s address for receiving domestic funds is 502 East Market Street, Greenwood DE 19950 and #3 Mellon Bank Center, Pittsburgh, PA 15258 for Discover wire international transfers.

How long does Discover Bank international wire transfer take?

Funds are processed on the same day if Discover international wire transfer requests are received before 3:00 pm ET and on the next business day if received after 3:00 pm ET. The funds will be delivered within 3 business days. 

Does Discover Bank charge for international wire transfers?

Yes. Discover Bank imposes a service fee and the recipient bank charges an exchange rate and exchange fee if the currency of the destination country is not USD. 

What is the Discover Wire Transfer Limit?

Discover Bank’s international wire transfer limit is $250,000/30-day rolling period for Transactions through Discover App or Discover Account Centre Online Banking Platform. For accounts opened after 20th March 2022, the limit is USD 10,000.

How much are Discover foreign transaction fees?

The bank imposes a service charge of $30 on an international wire transfer outside the USA.  Currency exchange fees of USD 20 is also charged for transactions made in foreign currency.

This was all about Discover Bank international transfer. To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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