How to Wire Money With Capital One?

Last Updated on May, 2024

Do you want to know all about wire transfers with Capital One Bank? You’ve stopped at the right place! We’ve got you covered with all you need to know about Capital One wire transfers. 

Being among the 10 largest banks in the US, Capital One Bank provides various services to its clients, one of which is wire transfers both domestically and internationally. 

If you already have an account at Capital One, you might wonder how to send a wire transfer. Unfortunately, you get only limited options with Capital One, and they can be costly, too. 

By the end of the article, you will know all about wire transfers with Capital One. And for BONUS, we have explained cheaper alternatives as well!

So, what information do you need to make a bank wire transfer? Let’s find out!

Quick Summary

Capital One Bank provides wire transfer services to both domestic and international recipients, but fees can be high and limited to certain account types.

To make a wire transfer with Capital One, account holders need specific information depending on the recipient, and transfers can be made online, over the phone, or in a branch.

Cheaper alternatives to Capital One wire transfers include specialist providers like Wise, OFX, and Western Union, which offer better exchange rates and lower fees.

What Do You Need to Make a Wire Transfer With Capital One?

capital one logo

Account Types That Can Send Wire Transfers

Any Capital One account holder can initiate a domestic wire transfer through the phone in the U.S. But not all Capital One account holders can initiate an online domestic wire transfer. That can only be done by specific account holders.

They are the following account types:

  • 360 Savings
  • Performance Savings
  • Confidence Savings
  • Savings Now
  • 360 Checking
  • Total Control Checking
  • Simply Checking 
  • 360 Money Market

These account holders can initiate wire transfers in a Capital One branch. This includes international wire transfers, too.

Some account holders can make an international wire transfer to a certain extent. They can only arrange a wire transfer over the counter at a Capital One branch.

These accounts are:

  • Essential Checking
  • Essential Savings
  • High-Yield Checking

If you are a new sender, contacting 1-800-655-2265 before visiting the branch is better.

Information You Need to Make a Wire Transfer

a screenshot of the reasons to choose wire transfers

You will need different information based on whom you are making the wire payment to.

If you want to pay a Title Company, you will need the following information: 

  • Title company name and address
  • Wire routing number of title company’s bank
  • Account number of title company
  • Bank details including the bank address of the title company
  • Loan/escrow/order number (if provided)

When making payments to a Person or Non-Title Company, you will need:

  • Recipient’s name and address
  • Recipient’s routing number (ABA)
  • Receiving account holder’s number and bank address

To pay to an External Linked Account, you need to provide:

  • Account holder’s name
  • Wire routing number

To wire money to an external account, you must first link it to your Capital One account. This can be done online, too, but you will have to wait for 30 days to make a payment.

Along with this information, to make international payments, you will also need the following:

  • Bank SWIFT/BIC code
  • Reason for payment (only for selected countries)
  • Information of intermediary bank (optional)

How Do You Send Wire Transfers With Capital One?

With Capital One, you can send a wire transfer online, over the phone, or by going to the nearest branch. If you hold an eligible Capital One account, online wire transfers are the easiest. Here is how you do it.

Online

a screenshot of the capital one money wire transfers page

That said, international money transfers with Wise include two distinct and transparent fees: 

  • Sign in to ‘capitalone.com’.
  • Select the account from which you want to wire money.
  • Go to the ‘Account Services and Settings’ page.
  • Select the ‘Wire Money’ option.
  • Enter all payment information required if paying to a title business. 
  • Complete the security step.

When you make a payment to an external account, you need to link it first. You can do this by logging in to your online banking. To do this:

Click on your profile >> Settings >> External Accounts >> Add External Account

You can then enter the recipient’s information as required. 

You need your mobile phone number for two-factor authentication when sending funds for both business and external accounts.

Over the Phone

a screenshot of the use of capitalone mobile app

Any Capital One bank account type holder can send a domestic wire with phone support. You can contact the Capital One team at 1-877-383-4802 and connect to the wire team. This service is available at any time during business days. 

By Visiting a Branch

You can request a local or international wire payment by visiting the nearest Capital One branch if you have one of the following accounts:

  • Essential Savings
  • Essential Checking
  • High-Yield Checking

You must have the required information with you. The Capital One team will guide you through the entire payment process. 

Despite the process seeming simple, Capital One wire transfers have certain limits.

Capital One Wire Transfers: Limits and Policies

Some specific limitations and terms are applicable for wire transfers done with Capital One Bank:

  • The cutoff time for wires done both online and over the phone is:
  • 2 pm ET for domestic wires
  • 3 pm ET for international wires
  • If you need help accessing the Capital One website, you can seek assistance from 8 am ET to 5 pm ET on the weekdays.
  • A wire must be initiated prior to the cutoff times to be accepted and executed on the same day. To verify your wire transfer request, you can contact 1-800-655-2265.
  • Capital One Bank will only accept your request if a wire request passes the security process or if its authenticity is verifiable.
  • Any rejected outgoing domestic wire transfer will be refunded.
  • Domestic wire transfers cannot be cancelled. Contact 877-383-4802 if you don’t recognize the wire transfer from your account.
  • An international wire transfer can be cancelled within 30 minutes of request. To do so, you need to call the branch you sent the wire.
  • The daily limits, eligibility, and recipients for wire transfers are shown in the table below:
ModeEligible RecipientDaily Limit
OnlineTitle Companies$500,000
Person/Non-Title Company$50,000
External Linked AccountNo Limit
Over the phoneTitle CompaniesNo Limit
External Linked AccountNo Limit
Visiting a branchAny Person or CompanyNo Limit

How Long Does a Wire Transfer Take With Capital One?

capital one business cards

A domestic money transfer can be delivered on the same day if the request is received within the cutoff times. 

International transfers can take up to 10 days to be delivered to the recipient’s account, depending on the destination. 

Receiving Money From Wire Transfers With Capital Bank

When being the recipient, you will be charged with fees if you’re an Essential Checking, Saving Account, or a High Yield Savings account holder. $15 will be charged when you receive money either domestically or internationally. 

All the other Capital One accounts will NOT BE charged any fees to receive a wire. 

When receiving a wire transfer, you need to provide your sender with the following information:

  • Capital One’s SWIFT code: HIBKUS44
  • Capital One’s address: 1680 Capital One Drive, McLean, VA 22102-3491
  • You can find your accounts and routing numbers in the bank app under ‘View Details.’ You can also find your account number and routing number on top of your bank statement by contacting the bank.

Capital One Wire Transfer Fees and Charges

Depending on your type of account, the fees charged for your wire transfers can vary. These fees are shown in the following table:

Account TypeInternational Wire Transfer FeesDomestic Wire Transfer Fees
OutgoingIncomingOutgoingIncoming
Essential Saving$40 (for foreign currency) + exchange rate markup$15$25$15
Essential Checking$50 (for sending money in USD)
High-Yield Checking
360 Checking 360 Savings 360 Money Market Performance Savings Total Control Checking Confidence Savings Savings Now Simply CheckingNot disclosedNo fee$30No fee

Exchange Rates

If you thought the fees in the table were only the cost you incur, IT’S NOT. These are more costs which will add up to this.

You will be paying an additional cost as an exchange rate markup, which will be covered by the exchange rate used to convert USD to the currency you send. Typically, the bank exchange rate markup will be 3%. This may seem minor. However, larger valued transfers can mount up to be costly. Additional Fees

And that’s not all. You will incur more additional costs, especially to send international wires. This additional fee typically goes to the intermediary banks involved in your money transfer in the SWIFT network. These costs cannot be predicted beforehand. So, your recipient will ultimately get less than what you expect.

Best Alternatives for Capital One Wire Transfers

As promised earlier, we will provide you with some cheaper alternatives which you can use to send money. 

The best option would be to go for specialist wire transfer service providers. Among the many specialist wire transfer service providers, Wise and OFX provide better exchange rates and lower fees.

wise money transfer
ofx money transfer
western union money transfer

Wise

Wise can be an excellent alternative for various reasons. Wise uses the mid-market rate when you wire money abroad. With Wise, you can send money to over 80 countries, with over 50% of the payments arriving promptly. And above all, you can quickly request these transfers through the Wise app from the comfort of your home! 

OFX

OFX can be another alternative. You can send payments to more than 50 countries through OFX. Along with this, they also have a 24/7 phone support team to clear your doubts and currency risk management services

Western Union

Being among the largest payment providers, Western Union can also be another better alternative. Through them, you can make payments to bank accounts, mobile wallets, and even for cash collection.

All these mentioned alternatives give you better rates and are a cheaper option. A summary of the rates they provide are in the table below:

ProviderDomestic Transfer FeeInternational Transfer FeeExchange Rate
Capital One Bank$25 – $30$40 – $50 + exchange rate markupExchange rate + markup
Wise$4.15$9.03Midmarket
OFXNot disclosed$10.15 + exchange rate markupMidmarket + markup
Western Union$20 – $35$35 – $50Vary depending on several factors
*The above-mentioned rates are as per 2024

Useful guides:

Conclusion

To conclude, Capital One Bank is one of the top 10 banks in the US. Along with the various services it provides, wire transfers are one. Sending wire transfers with Capital One Bank can be pretty expensive, takes time, and can be limited to certain account types as well.

So, there are better, cheaper, and faster alternatives that you can opt for, which include Wise, OFX, and Western Union. If I were you, I would do my transfers with Wise as it provides me with wire transfer services at a lower cost. It also covers a large number of countries and is quicker

FAQs

A domestic transfer will take one day if requested before the cutoff time, while an international transfer may take up to 10 days depending on the recipient’s location.

The cost of a capital one domestic wire transfer is between $25 to $30. For international transfers, it ranges from $40 to $50, plus a 3% exchange rate markup.

The maximum limit for Capital One Wire Transfers is $500,000 for payments to title companies and $50,000 for payments to people or non-title companies when made online. There is no limit for transfers made to linked external accounts and no limit for transfers initiated over the phone or in person at a branch.

The SWIFT code for Capital One Bank is HIBKUS44.

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Allen Morning
I'm Allen Morning, with a background spanning over 15 years in international finance and education from Harvard and Stanford. I founded Currenciap with a vision to demystify and streamline global financial transactions. My journey in finance has fueled my commitment to creating a platform that is both user-friendly and efficient, making international finance accessible to everyone. You can find more about me here.

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