M&T Bank International Wire Transfer makes sending money abroad simple and secure. Whether for family support or business needs, M&T Bank ensures fast transfers through the SWIFT network, directly to the recipient’s bank account.
With M&T Bank International Wire Transfer, you get competitive exchange rates, transparent fees, and the convenience of online or in-branch transfers. Backed by reliable customer support, it’s a hassle-free way to send money worldwide. Let’s explore all the details related to wire transfer fees, time, and charges.
Table of contents
- M&T Bank International Wire Transfer Services
- Ways to Send Money via M&T Bank International Wire Transfers
- Benefits of M&T Bank International Wire Transfer
- M&T Bank International Wire Transfer Fee
- How to Make an International Wire Transfer with M&T Bank?
- Processing Time for M&T Bank International Wire Transfers
- What information do I need to provide to send an international wire transfer through M&T Bank?
- How to Receive Money from Abroad with M&T Bank?
- M&T Bank Contact Details
- FAQs
M&T Bank International Wire Transfer Services
M&T Bank is a US-based bank that offers international wire transfer services to its customers. With an international wire transfer, you can send money from your M&T Bank account to a recipient’s bank account in another country.
M&T Bank uses the SWIFT network to facilitate international wire transfers. The SWIFT network is a global network of banks and financial institutions that enables secure and reliable communication for international financial transactions.
To initiate the wire transfer, you can visit an M&T Bank branch or use M&T Bank’s online banking platform. Fees may apply for international wire transfers, and the processing time may vary depending on the destination country and the recipient’s bank.
Here’s a well-structured overview table for the snippet section:
| M&T Bank International Wire Transfers Details | Information |
|---|---|
| Transfer Fee | Outgoing Transfers: USD 50-75 + 5-7% exchange rate markup+ USD 10 to 100 as correspondent bank fees Incoming Transfers: USD 16 |
| Processing Time | Up to 7 business days |
| SWIFT Code | MANTUS33XXX (General) For Buffalo Branch: MANTUS3ABUF For Baltimore Branch: MANTUS33INT |
| Routing Number (For domestic wire transfers) | Varies by location; New York, New Jersey, Connecticut: 022000046 Pennsylvania, Delaware: 031302955 Maryland, Virginia, West Virginia, Washington D.C. : 052000113 |
Ways to Send Money via M&T Bank International Wire Transfers
M&T Bank offers multiple options to make international wire transfers easy and efficient:
- Batch Wires – Send multiple payments at once for faster processing.
- Direct Transmission – Use FTP for seamless, automated transfers.
- Retail Branch Wires – Visit an M&T Bank branch for in-person assistance.
- Telephone Wires – Initiate transfers quickly over the phone.
You can choose the option that best fits your needs for a secure and hassle-free transfer experience.
Also Read: This blog includes the details for Terms Related to International Money Transfers. To know more about it read the blog.
Benefits of M&T Bank International Wire Transfer
M&T Bank makes sending money abroad simple, secure, and efficient. Whether you’re transferring funds for personal or business needs, M&T Bank’s international wire transfer services ensure a smooth and hassle-free experience. Check out the benefits of international wire transfers via M&T Bank-
- With M&T Bank’s international wire transfer service, you can easily send money from your account to a recipient’s bank account in another country. The transfer is conducted through the secure SWIFT network, ensuring a safe and reliable transaction.
- M&T Bank offers fast processing times for international wire transfers, allowing you to quickly send money to your recipients.
- M&T Bank offers competitive exchange rates for international wire transfers, which can help you save money on currency conversions.
- M&T Bank provides transparent fees and exchange rates for international wire transfers, allowing you to make informed decisions.
- If you have any questions or concerns about international wire transfers, M&T Bank provides accessible customer support through its branches, online banking platforms, and customer service phone lines.
M&T Bank International Wire Transfer Fee
M&T Bank charges fees for international wire transfers, which can vary depending on the specific details of the transfer. Here are some key points regarding M&T Bank’s international wire transfer fees:
| Fee Type | Description | Amount |
|---|---|---|
| Outgoing International Wire Transfer Fee | Fee for initiating an international wire transfer from M&T Bank. | USD 50 to 75 per transaction |
| Exchange Rate Markup | Additional cost is applied to the exchange rate when converting currencies. | Varies by transaction; typically 5% to 7%+ of transferred amount |
| Correspondent Bank Fees (Intermediary Banks) | Fees charged by banks involved in processing the transfer before it reaches its final destination. | USD 10 to 100 per transaction |
The exact fees may change over time, so it’s always best to check with M&T Bank directly for the most current information.
Also, consider using alternative services like Fly Finance for the cheapest way for international money transfers, including potentially lower costs and faster processing times.
Want to experience the fastest money transfer service at cheaper rates? Try the All New Fly Finance International Money Transfer Service.
How to Make an International Wire Transfer with M&T Bank?
Sending money abroad with M&T Bank is a simple and secure process. Whether you prefer visiting a branch, making a call, or using online banking, M&T Bank offers multiple ways to initiate an international wire transfer with ease. Follow these steps to complete your transfer efficiently.
To initiate an M&T Bank international wire transfer, check out the steps below-
- Fill out a wire transfer form at a nearby M&T branch, including the SWIFT code and IBAN.
- Start the transfer and get confirmation by 4:30 EST to use the current exchange rate. If your transfer is approved after that time, M&T will apply the next day’s exchange rate.
- Complete the payment as per the applicable charges.
- Keep the transfer receipt you received.
For recurring transactions, you can also initiate transfers via phone with a representative or use M&T Bank’s Web InfoPLU$ online service for added convenience.
Processing Time for M&T Bank International Wire Transfers
The processing time for M&T Bank international wire transfers can vary depending on several factors, including the destination country and the recipient’s bank. Here are some key points regarding the processing time:
Typical Processing Time
Generally, international wire transfers through M&T Bank take between 2 to 5 business days to arrive at their destination1. However, this timeframe can extend up to 7 days or more in some cases.
Factors Affecting Processing Time
The speed of transfer is influenced by how quickly intermediary banks process transactions and whether additional verification steps are required.
What information do I need to provide to send an international wire transfer through M&T Bank?
To send an international wire transfer through M&T Bank, you will need to provide the following information to the bank:
- Recipient’s full name and address
- Recipient’s bank name, address, and SWIFT/BIC code
- Recipient’s account number or IBAN (International Bank Account Number)
- Purpose of the wire transfer
- Your M&T Bank account number and routing number
- Amount of the wire transfer and currency.
How to Receive Money from Abroad with M&T Bank?
Receiving international wire transfers with M&T Bank is straightforward. Simply provide the sender with your name as it appears on your bank statement, M&T Bank’s SWIFT code, and your full account number, including any leading zeros. Additionally, they will need M&T Bank’s routing number to complete the transfer.
M&T Bank charges a USD 16 fee for receiving international wire transfers.
M&T Bank Contact Details
- M&T Branch Visit – schedule an appointment
- M&T Bank Phone number – 1-800-724-2440
This was all about the M&T Bank international wire transfers. They provide a secure and convenient way to send and receive money across borders. With multiple transfer options, transparent fees, and a trusted SWIFT network, M&T Bank ensures a smooth transaction process.
However, fees and processing times may vary, so it’s always best to compare options for cost-effective transfers. For faster and more affordable alternatives, consider services like Fly Finance International Money Transfer.
FAQs
M&T Bank charges USD 50 to USD 75 for outgoing international wire transfers, plus a 5%–7% exchange rate markup and intermediary bank fees ranging from USD 10 to USD 100. The fee for receiving an international transfer is USD 16.
You need the recipient’s full name, address, SWIFT/BIC code, IBAN or account number, transfer amount, and your M&T Bank account details.
International wire transfers through M&T Bank typically take 2–5 business days but may take up to 7 days depending on the destination and intermediary banks.
M&T Bank charges a fee for international wire transfers, which can vary depending on the destination country, currency, and the amount being transferred.
The general SWIFT code for M&T Bank is MANTUS33XXX. Specific branch codes include MANTUS3ABUF for Buffalo and MANTUS33INT for Baltimore.
Routing numbers vary by state. For example, New York, New Jersey, and Connecticut use 022000046, while Maryland and Virginia use 052000113. Always check with M&T Bank for the correct number.
Yes, you can initiate a transfer online using M&T Bank’s Web InfoPLU$ service. Alternatively, you can visit a branch or call customer service for assistance.
Yes, intermediary banks may charge an additional USD 10 to USD 100, depending on the transaction route and recipient bank.
You can send money via batch wires, direct transmission (FTP), branch visits, or telephone wires for added convenience.
Provide the sender with your full name (as on your bank statement), M&T Bank’s SWIFT code, routing number, and your full account number, including any leading zeros.
M&T Bank provides secure and reliable wire transfer services, but fees can be high. For cheaper and faster alternatives, you can explore services like Fly Finance International Money Transfer.
To learn more about forex, education loans, the best bank accounts for students, 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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