PNC Wire Transfer Fees: Overview

Wire transfers provide a convenient way to send money from one financial institution to another. A number of US banks, including PNC, allow you to transfer money this way both domestically and internationally. What sets PNC apart is its extensive network of branches, which enhances the convenience of PNC wire transfers.

How do you send funds through PNC? And what about the PNC wire transfer fee?

How to Make a Wire Transfer Through PNC?

Before we proceed to discuss the PNC wire transfer cost, let’s focus on the process of sending money. Here’s a breakdown of the PNC wiring instructions for three methods—online, by phone, and in-person.

Online

While the online method sounds like the most convenient one, it has a serious limit. You can send payments via the PNC bank only to a few select regions. This means that you should check whether this option is available by logging into the online banking services.

If you are lucky, there will be a “Transfer funds” tab. Inside the tab, you will be able to choose an international or domestic transfer. You need to enter your details then and confirm the payment.

By Phone

Another option to wire transfer money within the United States is by phone. All you have to do is call the Transfer Customer Care Center of the PNC bank directly at 1-800-272-6868.

Customer service answers calls from 8.30 am to 4.00 pm EST on business days.

In-Person

The most commonly used method of sending money within the country or abroad is in-person at one of the PNC locations. While this option is straightforward, it can be too time-consuming for some.

Before you go to a branch, you need to set up an appointment and make sure you have a recipient’s details. Once you are at one of the branches, there are a few steps to complete:

• Get the paper form.
• Complete the form in full according to the instructions and sign it.
• Submit the completed form to the bank representative.
• Keep the Wire Transfer Disclosure Statement and a copy of the form for your records.

PNC Fees

So, what PNC bank wire transfer fee can you expect? It depends on whether you send money on the domestic territory or to other countries. Here are the main fees you should know about.

Domestic Fees

PNC domestic wire transfer fee differs slightly depending on how you decide to send your funds. Currently, the fees for outgoing payments are as follows:

• Self-service: $25.
• In-person or by phone: $30.

If you receive a wire transfer from someone, PNC will charge you a $15 fee.

International Fees

And what about the PNC international wire transfer fee? If you decide to send money somewhere abroad, you will be charged such fees:

• Self-service or online method (if available): $40.
• In-person or by phone: $45.

If you get an international wire transfer from someone, you will need to pay a $15 fee.

Additional Fees

In addition to the mentioned fees, there are also extra ones. If you are sending money internationally, remember that a certain exchange rate markup will apply to your transfer. Normally, it is 3%, which can be significant if you transfer large sums.

What is more, in some cases, a SWIFT fee may apply during an international transfer. It means that a third party charges you, so you will have to send more money to ensure your recipient gets the right amount.

How to Avoid High Fees When Sending International Transfers

If you are unsatisfied with PNC international wire transfer fees, there are some alternatives to consider. The convenient options, which also offer lower fees, include Wise and OFX.

Wise can currently be used to send and receive funds in 75 countries. As for the fees, here are the ones applied by Wise:

• Fixed fee of $4.17 + 0.49% of the transferred amount.

When it comes to OFX, the strong point of this company is that it can be used in over 190 countries. The fees for international wire transfers are as follows:

• $9.77 fee for all transfers under $6,514.
• No fee for transfers over $6,514.

As you can see, both services are cheaper than the PNC wire transfer. What is more, they process payments in shorter terms. With OFX, your payment will be sent in 1–4 business days, and with Wise in 1–2 business days.

Final Thoughts

PNC is among the most reputable banks in the United States, with a strong network. With its help, you can transfer money both internationally and domestically. Wire transfer at PNC is mostly performed in-person or over the phone, and you will be charged fairly high fees.

If you find that PNC wire fees are too high or you prefer not to spend time visiting the bank, you can opt for a convenient alternative, such as OFX or Wise. These options offer lower fees and faster processing times, making them an efficient choice for sending money.