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A convenient way to make deposits or wire funds internationally. No need to pay the higher exchange rates - or wait the extra time With Schwab Foreign Currency Wire Transfer Service, our competitive rates, lower costs and faster credits can save you money. Lower Costs At Schwab, our very competitive exchange rates are generally lower than those charged by banks. Lower rates and fees are like earning a higher return on your investments. Less of your money goes to expenses and more is available for investing, buying property abroad or sending to your family. Faster Credits, Time Advantage Unlike bank transactions that can often delay credits to your account, Schwab credits funds the same day they're received1. Any foreign currency you send to Schwab in the morning can be converted into U.S. Dollars and be available to you through Schwab by noon. Make Deposits, Wire Funds Schwab accepts wired deposits to your account in foreign currency and automatically converts them to U.S. dollars. There are no wire acceptance fees on deposits - we only charge our very competitive exchange rate. We can also wire money from your Schwab account to the bank or wire-receiving institution of your choice. This makes it easy to use funds from your Schwab account to make purchases or investments in local currencies. We Do It All Because Schwab manages it all - your account, the wires and the currency conversions - you can start the exchange and transfer process with a single phone call. If you're sending money to family abroad, making foreign investments or purchases, or depositing foreign currency into your Schwab account, we can probably save you money. Consolidated Statement Keeping track of transactions is easy too. Any outgoing wire fees are automatically deducted from your Schwab account and transactions are documented on your regular Schwab statement. To Learn More To find out more about our very competitive foreign currency exchanage rates, same-day credit or how we can help you effectively wire funds, call your Schwab Investment Consultant. Outside the U.S. +1-415-667-7870 In the U.S. 877-853-1802 1. Deposits to your Schwab account must be received by 6p.m. U.S. Eastern Time for same-day credit, except U.S. holidays. Schwab can not guarantee that the receiving bank will post the wired funds for the same day credit. Please allow a minimum of two business days to wire funds outside the U.S. Schwab may also verify the instruction with the receiving bank. (0703-9503) |
Consult our investment professionals
Call +1-415-667-7870 (877-853-1802 in the U.S.), or email us to discuss your options.
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