Fidelity International Wire Transfer vs PNC Bank International Wire Transfer

Fidelity International Wire Transfer vs PNC Bank International Wire Transfer

Fidelity International Wire Transfer vs PNC Bank International Wire Transfer: Wire transfer is an electronic mode of payment used to transfer money from one person to another across the world. It is easier to track international wire transfers and is considered one of the most secure gateways for transferring money abroad. Fidelity Bank and PNC Bank are two of the most trusted merchants for international wire transfers. In this blog, we aim to understand the international wire transfers of these two financial institutions and the differences between them.

Fidelity Bank International Wire Transfer

Fidelity Bank is a trusted commercial bank in Nigeria headquartered in Victoria Island, Lagos. The bank has a customer base of over 7.2 million customers and operates from more than 250 business locations across the country. The bank provides different services like savings accounts, current accounts, investment services, personal loans, etc. It also provides convenient and hassle-free international wire transfers in around 20 currencies.

The bank charges a ‘Fidelity Fee’ for any outgoing transfer. An additional fee may be charged depending on the intermediary and recipient bank. And, in case you are transferring money in two different currencies then you’ll also be charged with an exchange rate markup in addition to the fee of your international wire transfer. To confirm the exchange rate, you will need to call a Fidelity representative. The representative will give you the details of the exchange rates that will applied to your currency pairing before you carry out the transaction.

If you want to know more about Bank Muscat International Transfer and M&T Bank International Transfer then you must read this blog: Bank Muscat International Transfer Vs. M&T Bank International Transfer – What Should You Choose?

PNC Bank International Wire Transfer

PNC Bank is one of the largest banks in the USA and operates in 27 states with over two thousand branches. It offers various services like savings accounts, credit cards, home loans, auto loans, etc. The bank also provides secure domestic and international wire transfers by charging a nominal transaction fee. The details about the transaction fee are listed below:

  • Incoming domestic and international wire transfers: The transaction fee for incoming domestic and international wire transfers is about USD 15.
  • Outgoing domestic wire transfers: The charge for self-service outgoing domestic wire transfers is about USD 25. If you choose to do a wire transfer through a PNC Bank agent, then the transaction fee would be about USD 30.
  • Outgoing international wire transfers: A self-service outgoing international transfer would cost you about USD 40, and one done with the help of a PNC Bank agent would cost about USD 45.

Difference Between Fidelity Bank International Wire Transfer and PNC Bank International Wire Transfer

The table below shows the major differences between the wire transfers of both banks:

Fidelity BankPNC Bank
It allows you to send domestic and international wire transfers in around 20 currencies.It allows you to send domestic and international wire transfers in over 25 currencies.
The minimum amount for a single bank wire is USD 100.The minimum amount for a single bank wire is USD 100.
The maximum amount that can be transferred in a day is USD 1,00,000.PNC Bank has not specified any upper limit for international wire transfers.

To know more about the benefits of International Wire Transfers you must read this blog: Benefits of Wire Transfer: Here is What You Need To Know

FAQs

Does Fidelity Bank provide international wire transfers?

Yes, Fidelity Bank provides both domestic and international wire transfers to its customers.

What is the maximum amount of money that can be transferred using PNC Bank’s international wire transfer facility?

The bank has not specified any maximum upper limit on the international wire transfer however there is a USD 100 minimum limit while sending an international wire transfer.

What is the maximum amount that can be transferred using Fidelity Bank’s international wire transfer?

The maximum transfer limit for international wire transfers using Fidelity Bank is USD 1,00,000 per day, per customer. 

This was all about Fidelity International Wire Transfer vs PNC Bank International Wire Transfer. To know more about the loan application process, 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. 

Recommended Reads
Capital One International Wire Transfer Vs PNC Bank International Wire Transfer
Mizuho Bank International Money Transfer
Wire Transfers Vs Forex Cards: A Comparative Guide

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