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While there’s a $25 monthly fee, you can waive it by meeting minimum balance requirements. On the business side of the house, the Navigate Business Checking account covers your first two outgoing domestic wires per month and waives all incoming wire fees. The Premier account has a $35 monthly fee you can waive with a balance of $250,000 or more across qualifying accounts. Wells Fargo’s Prime Checking and Premier Checking accounts provide free incoming wire transfers, and the Premier Checking account offers unlimited free outgoing wire transfers, both domestic and international. WeĬIT Bank doesn’t offer business checking accounts. Otherwise, the fee is $10, which is lower than the average fee. In addition, if your account has a balance of over $25,000, you’ll also get free outgoing wires. The Platinum account costs $90 per month unless you maintain a $100,000 combined average daily balance.ĬIT customers with an eChecking, savings, or money market account get free incoming wire transfers. Meanwhile, the Chase Platinum Business Checking account offers unlimited incoming free wire transfers, plus your four most expensive outgoing wires per month. The account requires a $30 monthly fee, or a $35,000 combined average daily balance. BusinessĬhase Performance Business Checking offers unlimited incoming wire transfers and covers your first two outgoing domestic wires per month. To qualify, active duty and reserve military members need to direct deposit their military base pay into a Chase account. The Sapphire Checking account requires a $25 monthly fee or a combined average daily balance of $75,000 in qualifying Chase banking and investment accounts.Ĭhase Private Client Checking also provides free wire transfers, with a monthly fee of $35 or a combined average daily balance of at least $150,000.Ĭustomers with Enhanced Military Benefits also enjoy complimentary incoming and outgoing wire transfers. The program has a $95 monthly fee, which can be waived with a $50,000 daily balance.Ĭhase customers with the Sapphire Checking account pay no wire fees for incoming or outgoing wire transfers. CitiBusiness Preferred Banking Plus: The Plus account gives you unlimited free incoming wires and four free international wires per month.To qualify, you need to pay a $40 monthly fee or maintain a $15,000 average daily balance. CitiBusiness Preferred Banking: Preferred accountholders get their first five incoming wires, the first two outgoing international wires, and the first two outgoing domestic wires free each month.Here are the details and requirements for each: In terms of its business accounts, Citi waives some wire transfer fees for preferred program members. It also offers free wire transfers for Private Bank accounts. Some banks only offer free wire transfers to customers who open specific accounts or meet minimum requirements, while others are free for all customers.Ĭitibank waives its wire fees for several relationship bank accounts, including Citigold Private Client, Citi Alliance, and Citigold International, as well as the basic Citigold account. Several banks offer free wire transfer services, which can save you significant money when you need to transfer funds. In This Article 13 Banks That Offer Free Wire Transfers If you send a lot of wire transfers or they’re crucial to your business, this account perk is well worth looking into.Īt BankBonus, we’ve reviewed hundreds of banks and individual accounts and zeroed in on the best banks with free wire transfers, noting the qualifications for each one. Several personal and business bank accounts offer free wire transfers. That’s why I sought out a business bank account with free wire transfers. I send around $10,000 of wire transfers per month for my business, and those fees can add up quickly. The average fee for a wire transfer runs anywhere from $5 – $25 but can be as expensive as 2% of the transfer amount. This does not influence our recommendations or editorial integrity, but it does help us keep the site running. At no extra cost to you, some or all of the products featured below are from partners who may compensate us for your click.
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