Discover Bank wire transfer: transfer time, fees, and limits

If you're a Discover Bank account holder, you may be seeking easy ways to send wire payments domestically or internationally. Take a look at this guide to learn about transfer time, fees, limits and more!

Discover Bank Domestic Wire Transfer Fees

You have the option to make a domestic wire transfer online, via mobile banking service or by personally visiting your preferred branch. If you prefer the latter, make sure to set an appointment with a specialist.

Type of wire transfer Fee
Incoming domestic wire No fee (as long as they are in US dollars)
Outcoming domestic wire $30

For domestic wire transfers with Discover Bank, provide the following information:

  • Recipient’s name and contact details.
  • Recipient’s bank account details and transit number.
  • Wire routing number (also called the ABA code).
  • Details of the payment amount and the desired processing date

Discover Bank International Wire Transfer Fees

Type of wire transfer Fee
Incoming International Wire No fee (as long as they are in US dollars)
Outgoing International Wire $30

For international wire transfers with Discover Bank, provide the following information:

  • Name and address of the recipient in the foreign country.
  • Recipient's overseas bank account number.
  • Recipient bank ID, like a SWIFT code, BIC or national ID.
  • Foreign currency of the recipient’s bank account for currency exchange.
  • Purpose of the wire transfer.

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Discover Bank Wire Transfer Limit

Discover Bank has wire transfer limits on outgoing wire transfers through its online banking system, particularly:

Type of transfer Limit
Daily Minimum Limit $25
Daily Maximum Limit $250,000

Discover Bank Cutoff Times

Keep in mind that Discover Bank imposes a strict cut-off time for both domestic and international wire transfers. Make wire transfers before this designated time to ensure timely processing!

Type of wire transfer Cut-Off time
Domestic wire transfer 12 PM Eastern Time, Business Days
International wire transfer 12 PM Eastern Time, Business Days

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Disclaimer

The information provided in this guide is intended for general informational purposes only. While every effort has been made to ensure the accuracy of the information, banking policies and fees may be subject to change. Users are strongly advised to verify specific details and consult with their banks should they have any questions or concerns.
Instarem assumes no responsibility for any errors or omissions in this guide, or for any actions taken based on the information provided herein.

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