Wire transfer is the fastest mode of receiving money in your Ally Bank account. You can receive money from within USA (Domestic Wire Transfers) or from a foreign country (International wire transfer). The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Ally Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international 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. 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. Intermediary banks are usually big multinational banks which have working arrangements with many top banks across the world.

Note: Banks in USA don’t use IBAN account number.

Incoming International Wire Transfer Instructions

Ally Bank doesn’t have a swift code and so it might not be able to receive the transfers directly. However, you can still receive the wire funds in your account. The sender’s international financial institution will have a corresponding bank in the U.S. they can wire to, which will forward the funds to Ally Bank via domestic transfer using routing number. The instructions will be something like this:

Wire to: JP Morgan Chase Bank, N.A.
Address: 1 Chase Manhattan PLZ, New York, NY 10005
Swift Code: CHASUS33
Routing Number: 021000021
Beneficiary: Ally Bank
Address: 6985 Union Park Center, Midvale, UT 84047
Routing Number: 124003116
For Further Credit to: Your Name, Address and Account Number

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Domestic Wire Transfer to Ally Bank

Domestic wire transfers are run through either the Fedwire system or the Clearing House Interbank Payments System (CHIPS). Wire transfers are different from ACH transfers. 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).

Incoming Domestic Wire Transfer Instructions

You can receive funds to your Ally Bank account from any bank within USA using domestic wire transfer. You need to provide the following details to sender of the funds who will initiate the domestic wire transfer through his/her financial institution.

Bank Name: Ally Bank NA
Wire Transfer Routing Number: 124003116
Account Holder Name: Your Name
Account Number: Your Bank Account Number
Bank Address, with City & State: Ally Bank
6985 Union Park Center, Midvale, UT 84047
(regardless of where your account is located)

Wire Transfer Fees for Ally Bank

International and Domestic Wire Transfer Fees for Ally Bank are as follows:

International Incoming Free for each transaction
Outgoing $20 for each transaction
Domestic Incoming Free for each transaction
Outgoing $20 for each transaction

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Sending Wire Transfer From Ally Bank

To transfer funds to an International/Domestic account from your Ally Bank account, you need to fill Wire Transfer Request Form which can be availed from any Ally Bank branch.

  1. Complete all fields on this form as per Wire Transfer Instructions.
  2. The completed and signed Wire Transfer form can be provided to any of Ally Bank branch.
  3. Keep the Wire Transfer Disclosure for your records.
  4. Wire transfer requests must be received and confirmed by cut-off time of Ally Bank.
  5. There is a fee for sending a wire transfer.

Note: For international wires requested after Ally Bank daily cut-off time, due to fluctuations in the foreign exchange rates, international wire transfers for amounts other than U.S. currency will be estimated and processed on the next business day at the foreign exchange rate valid at that time.

Wire Transfer Cut-off Time for Ally Bank

  1. Contact Ally Bank branch for applicable cut-off time for wire transfers.
  2. Requests received after cut-off time will be processed the next business day.

Wire transfer is the fastest mode of receiving money in your National Bank of Egypt account from abroad. You can receive money into your National Bank of Egypt account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to NBE

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Egypt) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your National Bank of Egypt account, please provide the following wire instructions to the sending financial institution:

Bank Name: National Bank of Egypt
SWIFT BIC Code for NBE: NBEGEGCX
Bank Address: Wall Sheikh Zayed Sports Club – El Sheikh Zayed Ci, Egypt
Beneficiary Account Number: Your complete National Bank of Egypt account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your National Bank of Egypt account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for National Bank of Egypt

International Incoming Wire Transfer Fees for National Bank of Egypt is as follows:

Payment type Cost
Incoming Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for National Bank of Egypt

International Outgoing Wire Transfer Fees for National Bank of Egypt is as follows:

Payment type Cost
Outgoing Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for National Bank of Egypt

1. The Cut-off Time for NBE differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Commercial International Bank (CIB Egypt) account from abroad. You can receive money into your Commercial International Bank (CIB Egypt) account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to CIB Egypt

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Egypt) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Commercial International Bank (CIB Egypt) account, please provide the following wire instructions to the sending financial institution:

Bank Name: Commercial International Bank (CIB Egypt)
SWIFT BIC Code for CIB Egypt: CIBEEGCX
Bank Address: 12 Birgas Street Garden City, Cairo, Egypt
Beneficiary Account Number: Your complete CIB Egypt account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Commercial International Bank (CIB Egypt) account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for CIB Egypt

International Incoming Wire Transfer Fees for CIB Egypt is as follows:

Payment type Cost
Incoming Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for CIB Egypt

International Outgoing Wire Transfer Fees for CIB Egypt is as follows:

Payment type Cost
Outgoing Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for CIB Egypt

1. The Cut-off Time for CIB Egypt differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Banque Misr (Egypt) account from abroad. You can receive money into your Banque Misr account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Banque Misr

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Egypt) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Banque Misr account, please provide the following wire instructions to the sending financial institution:

Bank Name: Banque Misr
SWIFT BIC Code for Banque Misr: BMISEGCXXXX
Bank Address: 151 Mohamed Farid St., Down Town Cairo, Egypt
Beneficiary Account Number: Your complete Banque Misr account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Banque Misr account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for Banque Misr Egypt

International Incoming Wire Transfer Fees for Banque Misr is as follows:

Payment type Cost
Incoming Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for Banque Misr Egypt

International Outgoing Wire Transfer Fees for Banque Misr is as follows:

Payment type Cost
Outgoing Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Banque Misr Egypt

1. The Cut-off Time for Banque Misr differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Arab International Bank (Egypt) account from abroad. You can receive money into your Arab International Bank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to AIB

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Egypt) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Arab International Bank account, please provide the following wire instructions to the sending financial institution:

Bank Name: Arab International Bank
SWIFT BIC Code for AIB: ARIBEGCX
Bank Address: 35 Abdel Khalek Sarwat Street Cairo, Cairo, Egypt
Beneficiary Account Number: Your complete Arab International Bank account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Arab International Bank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for Arab International Bank Egypt

International Incoming Wire Transfer Fees for Arab International Bank is as follows:

Payment type Cost
Incoming Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for Arab International Bank Egypt

International Outgoing Wire Transfer Fees for Arab International Bank is as follows:

Payment type Cost
Outgoing Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Arab International Bank Egypt

1. The Cut-off Time for AIB differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Standard Bank (South Africa) account from abroad. You can receive money into your Standard Bank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Standard Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in South Africa) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Standard Bank account, please provide the following wire instructions to the sending financial institution:

Bank Name: Standard Bank
SWIFT BIC Code for Standard Bank: SBZAZAJJ
Branch Code: 051001
Bank Address: Standard Bank Centre Johannesburg 2001, Johannesburg
Beneficiary Account Number: Your complete Standard Bank account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Standard Bank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for Standard Bank South Africa

International Incoming Wire Transfer Fees for Standard Bank is as follows:

Payment type Cost
Incoming Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for Standard Bank South Africa

International Outgoing Wire Transfer Fees for Standard Bank is as follows:

Payment type Cost
Outgoing Wire transfer Fees 0.50% Max.R 690 & Min.R 151

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Standard Bank South Africa

1. The Cut-off Time for Standard Bank differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Investec Bank (South Africa) account from abroad. You can receive money into your Investec Bank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Investec Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in South Africa) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Investec Bank account, please provide the following wire instructions to the sending financial institution:

Bank Name: Investec Bank
SWIFT BIC Code for Investec Bank: IVESZAJJXXX
Bank Address: 100 Grayston Drive, Sandton
Beneficiary Account Number: Your complete Investec Bank account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Investec Bank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for Investec Bank South Africa

International Incoming Wire Transfer Fees for Investec Bank is as follows:

Payment type Cost
Incoming Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for Investec Bank South Africa

International Outgoing Wire Transfer Fees for Investec Bank is as follows:

Payment type Cost
Outgoing Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Investec Bank South Africa

1. The Cut-off Time for Investec Bank differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Bidvest Bank (South Africa) account from abroad. You can receive money into your Bidvest Bank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Bidvest Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in South Africa) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Bidvest Bank account, please provide the following wire instructions to the sending financial institution:

Bank Name: Bidvest Bank
SWIFT BIC Code for Bidvest Bank: BIDBZAJJ
Bank Branch Code: 462005
Bank Address: P O Box 185
Johannesburg 2000
South Africa
Beneficiary Account Number: Your complete Bidvest Bank account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Bidvest Bank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for Bidvest Bank South Africa

International Incoming Wire Transfer Fees for Bidvest Bank is as follows:

Payment type Cost
Foreign Payment Inward via Global
payments online
As per facility letter
Foreign Payment Inward Offline R 700.00 per transaction

Outgoing Wire Transfer Fees for Bidvest Bank South Africa

International Outgoing Wire Transfer Fees for Bidvest Bank is as follows:

Payment type Cost
Foreign Payments Outward As per facility letter
Online Banking/GPO Payments R 195.00 per transaction
Manual Payments (at Bank Branch) R 300.00 per transaction

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Bidvest Bank South Africa

1. The Cut-off Time for Bidvest Bank differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Absa Bank (South Africa) account from abroad. You can receive money into your Absa Bank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Absa Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in South Africa) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Absa Bank account, please provide the following wire instructions to the sending financial institution:

Bank Name: Absa Bank
SWIFT BIC Code for Absa Bank: ABSAZAJJ
Absa’s Branch code: 632005
Bank Address: RIB Service Centre
170 Main Street
Johannesburg 2001
Beneficiary Account Number: Your complete Absa Bank account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Absa Bank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for Absa Bank South Africa

International Incoming Wire Transfer Fees for Absa Bank is as follows:

Payment type Cost
Inward transfers received
At Bank Branch 0.60% Minimum R210 Maximum R750
Absa Online 0.55% Minimum R150 Maximum R750

Outgoing Wire Transfer Fees for Absa Bank South Africa

International Outgoing Wire Transfer Fees for Absa Bank is as follows:

Payment type Cost
Outward transfers (In rand and foreign currency)
At Bank Branch 0.60% Minimum R210 Maximum R750
Absa Online 0.55% 0,55% Minimum R150 Maximum R750
Outward transfers (Electronic fee)
At Bank Branch R140
Absa Online R100

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Absa Bank South Africa

1. The Cut-off Time for Absa Bank differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.

Wire transfer is the fastest mode of receiving money in your Nedbank (South Africa) account from abroad. You can receive money into your Nedbank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Nedbank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in South Africa) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Nedbank account, please provide the following wire instructions to the sending financial institution:

Bank Name: Nedbank
SWIFT BIC Code for Nedbank: NEDSZAJJ
Bank Address: Nedcor Park 1 Johannesburg 2000,
Johannesburg, South Africa
Beneficiary Account Number: Your complete Nedbank account number
(including leading zeros, if any)
Beneficiary Name: The full name of your account as it appears on your statement
Beneficiary Address: Your complete address

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. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Nedbank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for Nedbank South Africa

International Incoming Wire Transfer Fees for Nedbank is as follows:

Payment type Cost
Incoming Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Outgoing Wire Transfer Fees for Nedbank South Africa

International Outgoing Wire Transfer Fees for Nedbank is as follows:

Payment type Cost
Outgoing Wire transfer Fees Fees may vary depending on the conditions of your account,
the country of destination and the chosen currency.

Apart 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. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for Nedbank South Africa

1. The Cut-off Time for Nedbank differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.