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  #2  
June 8th, 2016, 09:44 AM
Super Moderator
 
Join Date: Mar 2012
Re: Bank of America Military

One can transfer money when one is overseas from Bank of America under its facility of Banking for Military Customers through following process:

Using Online Banking, one can easily transfer money between one’s bank accounts and to Bank of America accounts of friends and family.

One can also transfer money between one’s linked Merrill Lynch brokerage accounts and one’s linked Bank of America checking or savings accounts.

Transfers from a Bank of America personal checking, savings or line of credit account to another customer's Bank of America account are immediate and cannot be reversed and there is a transfer limit of $1,000 during any 24-hour period or no more than $2,500 during any 7-day period.

One can also use Online Banking to make an international wire transfer. To do so, one needs to have the complete information of where the funds are being sent.

It may include beneficiary name and address, beneficiary account number, and beneficiary bank name and address.

In addition, one needs to have any national bank identifiers that are required by the banking system of the destination country.

If one is transferring funds to an international account, one’s account is debited the same day and Bank of America send the payment out immediately.

The beneficiary's bank will generally receive the funds 1 to 2 days later. The funds will usually be credited to the beneficiary within 2 days. However, there are a number of factors which could delay the credit to the beneficiary.

These include, but are not limited to: local bank holidays, delays by an intermediary bank or other local conditions.

There are some countries have been designated as slow-to-pay countries. Transfers made to or from a slow-to-pay country may experience delays in crediting the beneficiary's account.


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