Fidelity Bank International Money Transfer: Sending money internationally is an essential service for students, families, and professionals living abroad. If you’re a Fidelity account holder, you have multiple options to transfer funds internationally, whether you need to pay tuition fees, support family members, or manage investments abroad.
In this blog, we’ll break down the Fidelity international money transfer process, options, charges, limits, and how you can connect your account to Wise for smooth transfers.
Table of contents
- About Fidelity Bank International Money Transfer
- How Does International Money Transfer Work?
- When Should You Apply for Fidelity Bank International Money Transfer?
- Steps to Send an International Wire Transfer from Fidelity
- Fidelity Bank International Money Transfer Processing Time
- Currencies for Fidelity Bank International Money Transfers
- Fidelity Bank International Money Transfer Limits
- Fidelity Bank Money Transfer Fees
- Fidelity Bank International Money Transfer Exchange Rate
- FAQs
About Fidelity Bank International Money Transfer
International wire transfers are known as transactions that can let you send money from your bank to the bank account of someone else or even a financial institution that is present almost anywhere in the world.
Fidelity Bank allows you to perform this service easily and quickly through any medium you want, ie either online, through their mobile app, or even at any of their local branches.
How Does International Money Transfer Work?
The amount of money that you have requested is then transferred between financial institutions in the currency that you requested. The amount from your bank is cut in the currency that your country deals in, for example, INR. The transfers are processed in the form of a wire through SWIFT.
Fidelity offers three main options for international transfers:
Fidelity Send
Fidelity Send is a dedicated platform that allows you to send money quickly and securely for things like education fees, bills, or other expenses abroad. Currently, this service is available in:
- United Kingdom
- Thailand
- Switzerland
- Malaysia
- Singapore
It’s ideal for individuals sending funds for education or family support.
Fidelity + Wise Integration
You can also connect your Fidelity account to Wise (formerly TransferWise), a popular global money transfer platform known for low fees and mid-market exchange rates.
How to Send Money via Wise:
- Visit wise.com
- Choose the currency you’re sending from and to.
- Enter the amount and recipient details.
- Link your Fidelity account to make the payment.
- Complete the transfer.
Wise is perfect for those who prefer an easy online process with transparent fees.
Wire Transfers from Fidelity
If you prefer using Fidelity’s wire transfer service, you have a few forms and steps to complete.
Types of Wire Transfers:
| Transfer Type | Use This Form |
|---|---|
| US Dollars from Fidelity to an international account | Bank Wire Authorization Form |
| Convert USD to a foreign currency before sending | Outgoing International Bank Wire Form |
| Send money already held in a foreign currency | Outgoing Foreign Currency Wire Form |
These transfers must be submitted manually—Fidelity does not support online wire transfers for international payments.
When Should You Apply for Fidelity Bank International Money Transfer?
The bank processes wire transfers Monday to Friday. This excludes holidays. Transactions that are received on the weekends are then processed on the next business day.
The applicants must note that the requests must be made by or before 3:00 p.m. (in the branch) or 4:00 p.m. (online) if they want it to be processed on the same business day.
Also Read: Western Union Money Transfer
Steps to Send an International Wire Transfer from Fidelity
Sending an international wire transfer through Fidelity is a straightforward process, but it requires careful attention to detail to ensure the transfer is completed smoothly and efficiently.
Fidelity provides a convenient method for sending funds across borders, whether it’s for personal reasons, investments, or business purposes.
The steps below outline how to initiate and complete an international wire transfer using Fidelity.
Step 1: Get the Right Form
To begin, you need to select and download the appropriate PDF form for your specific type of transfer. Fidelity offers different forms depending on whether you’re sending money for personal or business purposes and the country you’re sending to.
The form will ask for essential details like the recipient’s name, account number, bank address, and SWIFT/BIC code.
Step 2: Complete and Sign the Form
Once you have the correct form, fill out all the required fields. Accuracy is crucial to avoid delays. The form will ask for details such as:
- Your account number and the recipient’s account information.
- Transfer amount and currency.
- The recipient bank’s SWIFT/BIC code, if necessary.
- Any additional instructions or fees associated with the transfer.
If you’re mailing the form, you’ll need a Medallion Signature Guarantee from your bank, which verifies your identity and the authenticity of your signature.
This step is essential unless you are submitting the form in person at a Fidelity Investor Center.
Step 3: Submit the Form
After completing the form and ensuring all details are correct, you can submit it. You have two options for submission:
- Mail: Send the completed form to one of Fidelity’s designated addresses. Make sure you choose the right mailing option (regular or overnight mail) based on your preferences.
- Regular Mail:
Fidelity Investments
PO Box 770001
Cincinnati, OH 45277-0002 - Overnight Mail:
Fidelity Investments
100 Crosby Parkway KC1K
Covington, KY 41015
- Regular Mail:
- In Person: If you’re near a Fidelity Investor Center, you can submit the form directly to a representative.
Fidelity Bank International Money Transfer Processing Time
Processing Time
Once submitted, the international wire transfer typically takes 7–10 business days to process. Be sure to check for any additional fees or delays, especially if you’re transferring large sums or sending money to countries with complex banking regulations.
Transfers that are submitted and completed before 4 PM Eastern Time on a business day are typically processed on the same day. If your request is received after this cutoff or on a non-business day, it will be processed on the next business day.
Currencies for Fidelity Bank International Money Transfers
Fidelity’s subsidiary, Fidelity FOREX Inc., allows you to send or receive money in over 20 international currencies at competitive rates.
Here are some supported currencies:
- Canadian dollar
- Australian dollar
- Czech koruna
- Euro
- Danish krone
- Hungarian forint
- Hong Kong dollar
- Japanese yen
- Israeli sheqel
- Mexican peso
- Norwegian krone
- New Zealand dollar
- Polish Zloty
- South African rand
- Singapore dollar
- Swiss franc
- Swedish krona
- Turkish lira
- Thailand baht
- United Kingdom pound
Fidelity Bank International Money Transfer Limits
Fidelity allows clients to transfer up to $1 million per day, making it suitable for both personal and high-value investment transfers. This daily limit applies per client across all accounts.
Need to send more than $1 million in a single day? You’ll need to contact Fidelity directly at 800-343-3548 for assistance and special processing.
The minimum amount you can send through an international wire transfer is $100. This makes it accessible for smaller transactions such as tuition payments, gifts, or smaller business expenses.
Also Read: Equity Bank International Money Transfer
Fidelity Bank Money Transfer Fees
Fidelity does not charge any fees for initiating an international wire transfer. However, fees may be charged by the receiving bank or intermediary banks involved in the international wire process.
These charges vary by bank and country, so it’s a good idea to check with the recipient or their bank beforehand.
Fidelity Bank International Money Transfer Exchange Rate
It’s normal for banks as well as other exchange services provide an exchange rate that is an average of 4-6%. They do this in order to make sure that they make a profit on the foreign currency transactions that they carry out.
Although, you must know that Fidelity has not disclosed its exchange rates. Due to this, you will have to call a Fidelity representative if you want to check the exchange rates that are used for your currency pairing before you want to commit to the transfer.
FAQs
No, Fidelity does not support international wire transfers online. You must complete and submit the correct PDF form either by mail or in person.
Fidelity allows up to $1 million per day per client. For higher amounts, contact Fidelity at 800-343-3548.
Yes, the minimum amount you can transfer internationally is $100.
Typically, it takes 7–10 business days. However, transfers completed before 4 PM ET on a business day may be processed on the same day.
No, Fidelity does not charge a fee, but receiving or intermediary banks may charge fees.
Fidelity supports over 20 international currencies, including USD, EUR, GBP, JPY, CAD, AUD, CHF, and SGD, among others.
Fidelity Send is a service for quick international transfers, currently available in countries like the UK, Thailand, Malaysia, and Singapore, mainly for education or family support.
Yes, you can link your Fidelity account to Wise (formerly TransferWise) to send money with low fees and mid-market exchange rates.
You’ll need one of the following:
– Bank Wire Authorization Form (USD transfers)
– Outgoing International Bank Wire Form (convert USD to foreign currency)
– Outgoing Foreign Currency Wire Form (sending already-held foreign currency)
Fidelity does not publish exchange rates online. You need to call a Fidelity representative to get the applicable exchange rate before committing to a transfer.
To learn more about bank accounts for students, the best education loans, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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