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The short answer
Bank of America's wire page lists a $45 fee for an outgoing international wire in US dollars and no wire fee for foreign currency, where its exchange rate includes a markup. For Nigeria, its FAQ says wires "should be sent in USD", so expect the $45 fee, a 5 p.m. Eastern cutoff and arrival typically in one to five business days.
Bank of America is one of the few large US banks that names Nigeria on its wire page, which makes the currency choice simpler. This guide sets out what the page says, as at October 2026, and how to prepare a wire that arrives at the first attempt.
Fees
| Wire | Fee (Bank of America page) |
|---|---|
| Outgoing international, in US dollars | $45 |
| Outgoing international, in foreign currency | No wire fee, but exchange rate markups apply |
| Outgoing domestic | $30 |
| Incoming | May incur $15 per wire |
The page shows one table for Online Banking, the app and financial centres, and says fees and limits may apply under the Online Banking service agreement. NerdWallet notes that premium accounts may differ; check your account's fee schedule.
Why Nigeria means dollars
Bank of America's FAQ says international wires "should be sent in USD" to a short list of countries that includes Nigeria. So the foreign currency, no-fee option is not the route for Nigeria; plan on the $45 dollar wire. The money then lands as dollars, ideally in a domiciliary account, or the Nigerian bank converts it. Bank of America says it is not responsible for the rate an intermediary or receiving bank applies. See wiring dollars to a domiciliary account.
Details you need
- Recipient's name and address.
- The bank's SWIFT code; see SWIFT codes for Nigerian banks.
- The recipient's account number.
- Bank of America asks for country-specific identifiers only where a country uses them (IBAN, for example). For Nigeria, see whether Nigeria uses IBAN.
- Any correspondent bank instructions from the Nigerian bank for its dollar accounts.
Cutoff, timing and limits
- Cutoff
- 5 p.m. Eastern for international wires.
- Arrival
- Typically 1 to 5 business days, depending on currency and the receiving bank.
- Larger amounts
- Transfers above limits set by account type need Secured Transfer or a USB Security Key; the page gives no dollar figures.
Worked example (illustrative)
On a Thursday at 4 p.m. Eastern you wire $2,500 in dollars to your mother's domiciliary account in Lagos for her medical bills. Bank of America charges $45, so $2,545 leaves your account, and the wire is sent before the 5 p.m. cutoff. If an intermediary deducts $25 (an example figure), $2,475 arrives, typically within one to five business days; with a weekend in between, allow until the following week.
On the Nigerian side
A dollar wire needs an account that can take dollars. Ask the recipient to confirm with their bank that their domiciliary account is active and can receive an inbound SWIFT payment, and to send you the bank's dollar payment instructions, including any US correspondent bank, exactly as the bank provides them. Retyped or old instructions are a common reason wires are delayed or sent back. If the recipient only has a naira account, the Nigerian bank may convert the dollars on arrival at its own rate; ask which rate applies before you send. The receiver's view of the process is covered in receiving money from abroad in Nigeria, and the checklist of details your family must give you is a useful message to forward.
Cancelling and errors
Bank of America's page says consumer international remittance transfers "may be cancelled within 30 minutes of submission for a full refund, including any fees". In the app or Online Banking, go to Pay & Transfer, then Activity, select the wire and cancel; or call 877-337-8357 (302-781-6374 from outside the US). After 30 minutes, the CFPB's error rules apply: report a mistake within 180 days of the promised date, and the bank generally has 90 days to investigate. Wires from your account are exempt from the 1% US remittance tax on cash-funded transfers (Pillsbury, April 2026).
What to check first
- Confirm the recipient's name, account number and the bank's SWIFT code in writing.
- Ask the receiving bank whether it needs correspondent details for dollar credits.
- Send in USD, before 5 p.m. Eastern.
- Set up Secured Transfer if the amount is large.
- Keep the confirmation; if the wire is returned see returned wires.
Where Pryme fits
A Pryme account, opened from the US, holds dollars and naira with local account details for each. When you convert with Swap the app shows the rate and the fee before you approve. See how Pryme works.
Questions people ask
How much does Bank of America charge to wire money to Nigeria?
$45 for an international wire in US dollars, which is how Bank of America says wires to Nigeria should be sent.
Can I send naira from Bank of America?
Its FAQ says wires to Nigeria should be sent in USD. The receiving bank converts or credits a dollar account.
What is Bank of America's international wire cutoff?
5 p.m. Eastern. International wires typically arrive in 1 to 5 business days.
Can I cancel a Bank of America wire to Nigeria?
Yes, within 30 minutes of submission for a full refund including fees, through Pay & Transfer then Activity, or by phone.
Sources
- Wire transfers in Online Banking and the Mobile app, Bank of America · accessed Oct 2026
- Wire transfer fees: what banks charge, NerdWallet (updated 22 Jul 2026) · accessed Oct 2026
- What is a remittance transfer and what are my rights?, CFPB (reviewed 3 Oct 2024) · accessed Oct 2026
- IRS remittance excise tax, Pillsbury (13 Apr 2026) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.