1 Euro in Dollar

Whether or not a wire transfer fee is waived, banks profit from currency conversion. The exchange rate used includes a markup to compensate for costs, market risks, and profit margins. This markup is separate from any applicable fees. The exchange rate offered by one bank might differ from rates found elsewhere. Even different customers at the same bank may receive varying rates for similar transactions. Factors influencing the exchange rate include the currency pair (like the Euro and Dollar), transaction size, payment method (cash, check, remittance, wire transfer), and the specific product used.

Foreign exchange markets are constantly changing, and rates fluctuate based on market conditions, available funds (liquidity), and inherent risks. Banks act as independent parties in these transactions and reserve the right to refuse any foreign exchange request. Incoming international wire transfers in a foreign currency will be automatically converted to U.S. dollars at the current exchange rate. Third-party banks or other financial institutions might impose additional fees beyond those charged by the receiving bank.