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lotsofpulp | karma 34330 | avg karma 1.97 · 2024-06-11 13:35:02

Usually, you have to pay the bank to wire money, which may cover the risk premium of sending it.

hiatus | karma 1563 | avg karma 1.92 · 2024-06-11 13:35:45

My bank allows me to send wires without charge.

jqpabc123 | karma 4014 | avg karma 1.18 · 2024-06-11 14:12:44

The few US banks that offer "free" outgoing wires usually have other restrictions such as a large minimum account balance.

astura | karma 9774 | avg karma 1.97 · 2024-06-11 18:12:59

Fidelity cash management account has free incoming and outgoing wires, no minimum balances, and ATM fee reimbursement. It's not technically a bank though, it's a brokerage account with banking features - https://www.fidelity.com/spend-save/fidelity-cash-management...