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
1	Full name of the Recipient
2	Address of the Recipient
3	Bank address of the Recipient
4	International Bank Account Number (IBAN) or any other account number of the recipient
5	Society 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 Transfer	Transfer Fees
1	Outward international wire transfers in foreign currencies	USD 50 (INR 4k)
2	Outward international wire transfers in United States Dollars (USD)	USD 85 (INR 6.9k)
3	Incoming international wire transfer	USD 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.	Particulars	Charges
1	SWIFT wire transfer	USD 10 (INR 800) to USD 50 ((INR 4k)), per transaction
2	Returned transfer	USD 15 (INR 1.3k)
3	Cancelled transaction	USD 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

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.