Fifth Third Bank International Wire Transfer

Fifth Third Bank International Wire Transfer

The facility of Fifth Third Bank international wire transfer is only available to the account holders of this USA-based bank. This financial institution wires money internationally via the SWIFT wire transfer network. To initiate an overseas transfer, an individual must visit the nearby Fifth Third Bank. This financial institution has its distinct exchange rate for international wire transfers. The bank also imposes a transfer fee and SWIFT charges for the same. The institution also provides the option to cancel a transaction, provided that the sender deposits a penalty amount for the cancelled transfer. 

How to Make Fifth Third Bank International Wire Transfer?

Individuals can send money internationally through Fifth Third Bank by wire transfer. To make a Fifth Third Bank International Wire Transfer, an account holder must follow the instructions given below:

  • Visit the nearest physical branch of this US-based bank
  • Consult a bank official and request an overseas wire transfer.
  • Senders have to provide the below information to proceed with the transfer:
S.No.Information
1Full name of the Recipient
2Address of the Recipient
3Bank address of the Recipient
4International Bank Account Number (IBAN) or any other account number of the recipient
5Society for Worldwide Interbank Financial Telecom (SWIFT)/Business Identifier Code (BIC) for the recipient bank

Also Read: US Bank International Wire Transfer

Transfer Limit

Account holders of Fifth Third Bank need to consult bank officials to know about the transfer limit. Or you can reach out to the Forex team of Leverage Edu and know about the international wire transfer limit. 

Transfer Fees

The Fifth Third Bank charges some transfer fees on international wire transfers. These fees need to be paid by the senders making outward remittances and recipients receiving inward remittances to this bank. For outward remittances, recipients in countries other than the USA need to pay fees and taxes levied by the receiving bank. Given below are the Fifth Third Bank International Wire Transfer:

S.No.Wire TransferTransfer Fees
1Outward international wire transfers in foreign currenciesUSD 50 (INR 4k)
2Outward international wire transfers in United States Dollars (USD)USD 85 (INR 6.9k)
3Incoming international wire transferUSD 15 (INR 1.3k)

Also Read: BOA International Wire Transfer

Additional Fees

Just like many US Banks, Fifth Third Bank also uses a SWIFT wire transfer network to send and receive money from across the border. Owing to the use of this network, senders need to pay an additional SWIFT charge on an overseas wire transfer. In addition, the bank also charges on other services like the returned transfer and cancelled transactions The table below displays the additional charges:

S.No.ParticularsCharges
1SWIFT wire transferUSD 10 (INR 800) to USD 50 ((INR 4k)), per transaction
2Returned transferUSD 15 (INR 1.3k)
3Cancelled transactionUSD 33 (INR 2.7k)

Exchange Rates

Exchange rates are applicable on Fifth Third Bank international wire transfers. The Fifth Third Bank levies an exchange charge of its own, which will most likely be different from the mid-market rate. This financial institution has an added markup on top of the mid-market or foreign exchange market rate. 

Delivery Time

If the Fifth Third Bank wires overseas funds transfer via the SWIFT network, the beneficiary receives the money within 1 to 5 days. The processing time and delivery time is determined by the destination bank and currency exchange. 

FAQs

How long does an international wire transfer take in Fifth Third Bank?

An international wire transfer with Fifth Third Bank takes around 1 to 5 days. 

Does Fifth Third Bank charge international fees?

Yes. The Fifth Third Bank charges transfer fees; exchange rate charges; and SWIFT charges for an international wire transfer. The sender has to pay $50 (INR 4k), $85 (INR 6.9k), and $15 (INR 1.3k) on outward remittance in USD, outward remittance in foreign currency, and inward remittance, respectively. On each incoming and outgoing wire transfer, the bank levies SWIFT charges of around $10 (INR 800)-$50 (INR 4k). 

How do I send a wire from Fifth Third Bank?

To send an international wire transfer, account holders of this bank must reach out to the physical branch, consult a bank professional, and provide all the required information. 

To know about other international money transfer options, stay connected with Fly Finance and Leverage Edu. Knowledge about these options helps study abroad students send money from the USA to India

About Ankita Singh

Leave a Comment

Top 5 Benefits of SBI Zero Balance Account for Students Eligibility Criteria for Aditya Birla Capital Education Loan to Study Abroad Auxilo Education Loan for Wards of Defence Personnel Steps Involved In Canara Bank Education Loan Processing Time IBDI Education Loan Documents Required Checklist Education Loan Interest Rate Comparisons: Banks vs. NBFCs Indian Army Education Loan to Study Abroad: Know It All Here Process and Ways to Obtain Gap Certificate for Education Loan 10 Fully Funded Scholarships in Canada How To Make Online Discover Bank International Wire Transfer?
×

Send Money Abroad in <15 mins

×

Request a callback

×

Get an education loan at the lowest interest rate

×

Thank you! Your call request has been submitted

Our team will connect with your shortly

aero Want to transfer money abroad at the cheapest rates?