You will require the receiver’s complete information as mentioned in the above section to initiate the wire transfer. To transfer funds to an International/Domestic account from your Capital One account, you will need to visit a Capital One Bank branch or call the number listed on the back of your debit card. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees. $40 (if wire is in foreign currency) or $50 (if wire is in US dollars) for each transactionĪpart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. International and Domestic Wire Transfer Fees for Capital One are as follows: International (regardless of where your account is located) You need to provide the following details to sender of the funds who will initiate the domestic wire transfer through his/her financial institution. You can receive funds to your Capital One account from any bank within USA using domestic wire transfer. Incoming Domestic Wire Transfer Instructions Wire transfers are real time transfers (receiver usually get the money, same day) and costs more than ACH transfer (which takes 2-4 days for transfer of money). Wire transfers are different from ACH transfers. Domestic Wire Transfer to Capital Oneĭomestic wire transfers are run through either the Fedwire system or the Clearing House Interbank Payments System (CHIPS). We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees. Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees.
CAPITAL ONE BANK CODE
Swift code of correspondent/intermediary bank
Your Address (including City, State & County):Ĭhoose your Routing Number depends on which banking institution opened your account –Īddress (including City, State & County): The name of your account as it appears on your statement
The instructions will be something like this: Beneficiary Information
they can wire to, which will forward the funds to Capital One via domestic transfer using routing number. The sender’s international financial institution will have a corresponding bank in the U.S. However, you can still receive the wire funds in your account. Incoming International Wire Transfer InstructionsĬapital One doesn’t have a swift code and so it might not be able to receive the transfers directly. Note: Banks in USA don’t use IBAN account number. Intermediary banks are usually big multinational banks which have working arrangements with many top banks across the world. Small banks and credit unions generally don’t have this arrangement, so they use services of an intermediary bank (correspondent banks) which have this arrangement to realize the wire transfer. Usually, the receiving bank (in USA) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer. Banks use SWIFT network for exchanging messages required for performing international wire transfer. International wire transfer is one of the fastest way to receive money from foreign countries. International Wire Transfer to Capital One
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