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Full Version: Bank of America Wire Transfer Limits - Business Account Restrictions
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I'm trying to understand the maximum amount I can wire internationally through my Bank of America business account. What are the particular limits for different countries and transfer types?
I saw a statement on a tiered system for wire transfers - is that a reasonable explanation for the limitations, or is there a fixed upper limit?
I'm concerned about potential charges if my wire transfers exceed the allowed amount - can you clarify what happens when I try to send more than the stated limit?
Do you offer any options to augment the transfer limit within my business account, and what are the associated costs or conditions involved?
What's the procedure for requesting an increase in a wire transfer limit - is it a formal application or can I merely request it through customer service?
Are there distinct documentation specifications essential when requesting a higher wire transfer limit, such as account statements or proof of business activity?
I'm planning to send broad amounts of money internationally - what steps should I take to guarantee the transaction is processed smoothly and that my limits aren't exceeded?
Can you provide a breakdown of the different kinds of wire transfers (e. G., electronic funds transfer, Ach) and their associated transfer limits for business accounts?
What are some potential implications of exceeding the established wire transfer limits - could it lead to account suspension or more penalties?
Is there a resource available on Bank of America's website that outlines the current business account wire transfer limits and guidelines?