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.
Bank Name | M&T Bank |
Founded on | 29 August 1856 |
Headquarters | Buffalo, New York, United State |
Benefits of M&T Bank International Wire Transfer
M&T Bank’s international wire transfer service offers several benefits to its customers, including:
- 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 the safety and reliability of the 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 and detailed information about the 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 a fee for international wire transfers, which can vary depending on the destination country, currency, and the amount being transferred.
Provider | Fees | SWIFT fees | Exchange Rate | Total cost |
M&T Bank | INR 6,142 | Yes | Exchange + markup | INR 6,142 + Exchange rate + markup + likely fee from intermediary recipient bank |
How to Make an International Wire Transfer with M&T Bank?
To Make an International wire transfer with M&T Bank you need to follow a few steps which are given below
- Fill out a wire transfer form at a nearby M&T branch, including the SWIFT code and IBAN number
- 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
- Pay the aforementioned fees
- Keep the transfer receipt you received.
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How Long Does a Wire Transfer Take With M&T Bank?
The duration of a wire transfer should be confirmed with your local bank. It may take up to 7 days or longer to process an overseas transfer, but there is no way to know without speaking with a representative.
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.
M&T Bank Contact Details
- M&T Branch Visit – schedule an appointment
- M&T Bank Phone number – 1-800-724-2440
FAQs
Ans. You will need to provide the recipient’s full name and address, the recipient’s bank name, address, and SWIFT/BIC code, the recipient’s account number or IBAN (International Bank Account Number), the purpose of the wire transfer, your M&T Bank account number and routing number, and amount of the wire transfer and currency.
Ans. The processing time for international wire transfers can vary depending on the destination country and the recipient’s bank. Generally, it can take a few business days for the funds to be received by the recipient’s bank.
Ans. M&T Bank charges a fee for international wire transfers, which can vary depending on the destination country, currency, and the amount being transferred.