How much are wire transfer fees?

Core Insights - Wire transfers are a method for sending money between bank accounts, both domestically and internationally, but they are among the most expensive options available [2][3] - Outgoing domestic wire transfers typically cost between $25 and $30, while international wire transfers can exceed $50 [4] Cost Analysis - The cost of wire transfers varies by bank, with some institutions offering lower fees for customers with higher deposit balances or private banking services [5] - Online banks like Ally and Alliant Credit Union provide free incoming domestic wire transfers, while Marcus by Goldman Sachs and Fidelity do not charge fees for either incoming or outgoing wire transfers [7] Alternatives to Wire Transfers - Third-party money transfer services such as Wise, Western Union, and MoneyGram are available as alternatives to wire transfers, although wire transfers may be faster in certain situations [8] - Initiating wire transfers online can be less expensive than doing so through a customer service representative [9]