International wire transfers are a crucial part of global business operations. As companies expand their reach across borders, finding a bank that offers reliable, cost-effective, and efficient international payment services becomes increasingly important. This article examines seven leading banks that excel in facilitating international wire transfers for businesses in 2025.
Chase: Best Overall for International Business Transfers
Chase stands out as the top choice for businesses needing comprehensive international wire transfer services. With its extensive global network and competitive pricing, Chase offers a robust solution for companies of all sizes.
Key features:
- Coverage in over 140 countries
- Competitive exchange rates
- Online transfers as low as $5 for amounts under $5,000
- Free transfers for amounts over $5,000 in foreign currency
Chase’s online platform simplifies the process of initiating international transfers, allowing businesses to send payments quickly and securely. The bank’s fraud protection services and integration with popular accounting software make it an attractive option for companies prioritizing security and efficiency.
Step 1: Log into your Chase business account online or via the mobile app.
Step 2: Navigate to the wire transfer section and select “International Wire Transfer.”
Step 3: Enter the recipient’s details, including their bank information and SWIFT code.
Step 4: Specify the transfer amount and currency.
Step 5: Review the transaction details and confirm the transfer.
Chase’s customer support team is available to assist with any issues that may arise during the transfer process, ensuring smooth transactions for your business.
Citibank: Ideal for Businesses Focused on International Trade
Citibank’s global presence and specialized services make it an excellent choice for businesses heavily involved in international trade.
Key features:
- Presence in over 100 countries
- Competitive fees for online international transfers
- Multi-currency accounts available
- Specialized trade finance services
Citibank’s online banking platform offers a user-friendly interface for managing international payments. The bank’s extensive network of correspondent banks helps ensure faster processing times and reduced intermediary fees.
Step 1: Access your Citibank business account online.
Step 2: Select the “International Payments” option.
Step 3: Choose the source account and enter the recipient’s details.
Step 4: Specify the transfer amount and select the currency.
Step 5: Review and authorize the transaction.
Citibank’s trade finance solutions, including letters of credit and export financing, provide additional support for businesses engaged in cross-border trade.
Bank of America: Extensive Global Services
Bank of America offers a wide range of international banking services, making it a strong contender for businesses with diverse global needs.
Key features:
- Presence in over 200 countries
- No fees for outgoing foreign currency wire transfers
- Competitive exchange rates
- Comprehensive foreign exchange services
Bank of America’s CashPro® platform provides businesses with powerful tools for managing international payments and cash flow.
Step 1: Log into your Bank of America business account via CashPro®.
Step 2: Navigate to the “Payments” section and select “International Wire.”
Step 3: Enter the recipient’s information and transfer details.
Step 4: Choose the currency and review the exchange rate.
Step 5: Confirm and submit the transfer.
The bank’s global expertise and risk management solutions offer additional value for businesses operating in multiple countries.
Capital One: User-Friendly Platform with Competitive Fees
Capital One combines a straightforward online interface with competitive pricing for international wire transfers.
Key features:
- Easy-to-use digital banking platform
- Competitive fees for international transfers
- No monthly fees on basic business accounts
- Integration with popular accounting software
Capital One’s Spark Business platform simplifies the process of sending international wire transfers, making it accessible even for small businesses new to global transactions.
Step 1: Sign in to your Capital One Spark Business account.
Step 2: Select “Wire Transfer” from the payments menu.
Step 3: Choose “International Wire” and enter the recipient’s details.
Step 4: Specify the transfer amount and currency.
Step 5: Review the transaction details and authorize the transfer.
While Capital One’s physical presence is limited compared to some larger banks, its digital services are robust and well-suited for businesses comfortable with online banking.
Truist Bank: Strong Digital Tools and Customer Support
Formed from the merger of BB&T and SunTrust, Truist Bank offers a combination of modern digital banking tools and personalized customer support for international wire transfers.
Key features:
- User-friendly online and mobile banking platforms
- Competitive fees for international transfers
- Extended customer service hours
- Cash management services for businesses
Truist’s digital banking platform provides a seamless experience for initiating and tracking international wire transfers.
Step 1: Log into your Truist business account online or via the mobile app.
Step 2: Navigate to the “Wire Transfers” section.
Step 3: Select “International Wire” and enter the recipient’s information.
Step 4: Specify the transfer amount and choose the currency.
Step 5: Review the details and confirm the transaction.
Truist’s extended customer service hours (8 a.m. to 8 p.m. ET on weekdays and 8 a.m. to 5 p.m. ET on Saturdays) provide additional support for businesses dealing with time-sensitive international transfers.
Santander Bank: Strong Connections to Europe and South America
Santander Bank’s extensive presence in Europe and South America makes it an excellent choice for businesses with significant operations or partnerships in these regions.
Key features:
- Strong network in Europe and South America
- Competitive fees for international transfers
- Multi-currency accounts available
- Specialized international trade services
Santander’s online banking platform offers a straightforward process for initiating international wire transfers.
Step 1: Access your Santander business account online.
Step 2: Select “Wire Transfer” from the payments menu.
Step 3: Choose “International Wire” and input the recipient’s details.
Step 4: Enter the transfer amount and select the currency.
Step 5: Review and authorize the transaction.
Santander’s expertise in European and South American markets can provide valuable insights and support for businesses expanding into these regions.
Navy Federal Credit Union: Best for Military-Affiliated Businesses
Navy Federal Credit Union offers competitive international wire transfer services specifically tailored for businesses with military affiliations.
Key features:
- Free incoming international wire transfers
- Low fees for outgoing international transfers ($25)
- 24/7 customer support
- Branches on many military bases worldwide
While membership is limited to military personnel, veterans, and their families, eligible businesses can benefit from Navy Federal’s competitive rates and specialized services.
Step 1: Log into your Navy Federal business account online.
Step 2: Navigate to the “Send Money” section and select “Wire Transfer.”
Step 3: Choose “International” and enter the recipient’s information.
Step 4: Specify the transfer amount and currency.
Step 5: Review the transaction details and confirm the transfer.
Navy Federal’s understanding of the unique needs of military-affiliated businesses, combined with its global presence on military bases, makes it a strong choice for eligible companies.
When choosing a bank for international wire transfers, consider factors such as transfer fees, exchange rates, global coverage, and additional services that align with your business needs. Many banks offer online calculators or tools to estimate the total cost of a transfer, including fees and exchange rate markups. It’s advisable to compare options and potentially maintain relationships with multiple banks to ensure you always have access to the most cost-effective and efficient transfer methods for your specific requirements.