Fidelity International Wire Transfer: Fees, Exchange Rate & Alternatives [2025]
This article will cover everything you need to know about Fidelity international transfers including: how much it costs, how long it takes, and how to make a Fidelity international bank transfer to or from your brokerage account.
Fidelity has a long history and is now one of the largest asset managers in the world. However, choosing to transfer money abroad directly from your Fidelity brokerage account might not get you the best available deal.
Alternative specialist providers like Wise, and OFX may be able to get your money where it needs to be faster and for a lower overall fee.
Key points: Fidelity international wire transfers
| Features | Key points: |
|---|---|
| Transfer fees | Fidelity doesn’t charge an outgoing wire fee, but third-party intermediary fees and currency exchange markups may apply |
| Exchange rate | A markup on the exchange rate that tends to be in the region of 3% |
| Transfer time | Most international wires arrive around 2 business days after the trade date |
| Transfer limits | You can send up to $1,000,000 per day via wire. For larger amounts you’ll need to contact a Fidelity representative |
| Payment options | Transfers must be arranged by phone and submitted via a paper form with a signature guarantee. |
Fidelity international money transfer comparison
You can send money into and out of your Fidelity account in a range of foreign currencies. Before we dive into how that works, let’s look at a rundown of how Fidelity international money transfers stack up against some specialist services.
Here’s how the costs look if we are wiring 1,000 USD to a friend in the UK:
| Provider | Total wire fees | Recipient gets in the end |
|---|---|---|
| Fidelity | Variable fee based on payment details + exchange rate markup + third party charges | Contact your Fidelity broker to confirm the available exchange rate and applicable fees |
| Wise | 5.90 USD | 745.80 GBP |
| OFX | No fee + exchange rate markup | 733 GBP |
| Western Union | No fee + exchange rate markup | 749.20 GBP |
*Data correct at time of research – 1st May 2025
The full cost of sending money overseas can include several different fees:
- Provider’s transfer fee – this is often the lowest of the costs you’ll pay
- Exchange rate markup – this can often be the highest of the 3 fees overall
- Third party charges – paid to intermediaries and your recipient’s own bank – you may not know in advance what these fees will be
International transfers with Fidelity are managed through a subsidiary – Fidelity FOREX Inc. Fidelity FOREX uses a competitive exchange rate – but that doesn’t mean it’ll be the same as the rate you find on Google.
Typically providers add a markup to the mid-market exchange rate which you’ll find with Google search. The cost of the markup can often far exceed the costs of the transfer fee. Typically markups are in the region of 3%. It doesn’t sound like much, but that’s an extra 150 USD fee on a transfer worth 5,000 USD.
Specialist providers like Wise, and OFX can often offer lower overall fees, and a better exchange rate compared to banks. Because international money transfers are their core business, getting set up and using the platforms is usually straightforward, too.
Fidelity international transfer fees
Fidelity customers can transfer funds in more than 20 foreign currencies to and from their brokerage accounts via Fidelity’s subsidiary, Fidelity FOREX Inc.
As we mentioned above, when you send a transfer with Fidelity you’ll need to understand 3 different potential fees:
- Fidelity FOREX transfer fee
- Exchange rate markup
- Third party charges
The transfer fee used is usually pretty straightforward, and will be available upfront when you arrange your international payment. However, the cost may well be variable depending on where you’re sending money and the value of the payment.
The exchange rate markup is a little trickier as it’s not always easy to see – we’ll cover this in more detail in a moment. This fee – which is wrapped into the exchange rate you’re offered – is often the steepest of all the costs involved insending money overseas.
Third party charges are likely to apply when you send a payment with Fidelity because it’ll be processed using the SWIFT network. This means that more than one bank may be involved in your transfer – with partner banks adding in their own fee as the payment is processed. The hardest thing about these third party charges is that you may not know exactly what they’ll be in advance. More on that later.
To find out the costs and exchange rate available for your transfer you’ll have to contact your Fidelity brokerage representative at 800-544-6666.
Fidelity exchange rate
We mentioned above that Fidelity uses an exchange rate markup when processing international transfers. Here’s the detail from the smallprint over on the Fidelity website:
“Currency exchanges are completed on behalf of Fidelity Brokerage Services LLC by Fidelity FOREX, Inc., a Fidelity affiliate and may include a mark-up. More favorable exchange rates may be available through third parties not affiliated with Fidelity.”
Let’s unpack that. When banks and currency exchange services buy and sell currency themselves, they get the mid-market exchange rate. That’s also the rate you’ll see with a Google search or using a currency converter.
However, few providers pass this rate on directly to their customers. Instead they add a markup – an extra fee – to the retail rate they use when sending an international payment. This markup can be in the region of 3% – which doesn’t sound like a lot, but does quickly mount up.
If a 3% markup is used, this is what you’ll pay in fees in the rate alone for a few different transfer values:
- Sending 1,000 USD – the exchange rate markup adds 30 USD to the total
- Sending 5,000 USD – the exchange rate markup adds 150 USD to the total
- Sending 50,000 USD – the exchange rate markup adds 1,500 USD to the total
Check if there’s a markup added to the Fidelity exchange rate you’re offered by comparing the Fidelity rate to the mid-market exchange rate using a simple Google search.
Here’s a reminder of the total costs – including exchange rate markups – from the providers we looked at earlier.
This is what you’ll pay with each if you’re sending 1,000 USD to the UK:
- Fidelity: Variable transfer fee + exchange rate margin + third party fees
- Wise: 5.90 USD
- Western Union: No fee + exchange rate margin
- OFX: No fee + exchange rate margin
Fidelity currency conversion fee
Currency conversion fees at Fidelity are based on the amount being converted and are applied when dealing in international shares or converting currencies within your Fidelity account.
These fees are tiered, meaning the percentage charged decreases as the transaction amount increases, ensuring that larger transactions benefit from lower percentage fees.
| Transaction amount | Currency conversion fee |
|---|---|
| Up to £10,000 | 0.75% |
| £10,000.01 – £20,000 | 0.50% |
| Over £20,000 | 0.25% |
*Data correct at time of research – 1st May 2025
For example, if you convert £15,000, the first £10,000 would incur a 0.75% fee, and the remaining £5,000 would incur a 0.50% fee.
More about the alternatives to Fidelity
While Fidelity offers a reliable way to send money overseas, it might not always be the most convenient or cost-effective choice. If you’re looking for a better exchange rate or move money faster, specialist providers like Wise, OFX, and Remitly are worth a look.
Wise
Send money abroad with low, transparent fees and the mid-market exchange rate—no hidden markups. Wise supports transfers to over 140 countries in 40+ currencies, and over 60% of payments arrive instantly.
You can create an account in minutes online or in the app, and manage everything at home or on the go without setting foot in a branch.
| Fidelity international transfers | |
|---|---|
| Wise transfer fees | Currency conversion starting from 0.57%. Accounts are free to open. |
| Exchange rates | Mid-market exchange range |
| Transfer time | More than 60% of transfers are instant, with the vast majority arriving within 24 hours. The speed of transaction claims depends on individual circumstances and may not be available for all transactions |
| Transfer limits | Up to 1,000,000 USD per transfer via wire, 1,600,000 USD per international Swift transfer and 6,000,000 USD per local wire transfer when paying from your USD balance. More information on – Wise limits guide. |
| Is Wise safe? | Yes, Wise uses strong encryption, two-factor authentication, and dedicated security teams to monitor for fraud and suspicious activity. |
OFX
A good option for high-value transfers, OFX lets you send money in 50+ currencies to over 170 countries around the world with no transfer fees. Instead, a small margin is added to the exchange rate.
There’s no upper limit on how much you can send, making it a popular choice for larger payments like overseas property purchases or business transfers. Most payments arrive within 1–2 business days, and their 24/7 phone support is there to guide you through the entire process.
| OFX transfers | |
|---|---|
| Transfer fees | No transfer fees |
| Exchange rates | Exchange rate includes a markup |
| Transfer time | 1 – 3 business days |
| Transfer limits | No maximum transfer limits |
| Is OFX safe? | Yes, OFX uses advanced encryption, secure logins, and two-factor authentication to protect accounts and transfers. They also monitor registrations, logins, and transactions for suspicious activities. |
*Data correct at time of research – 1st May 2025
Remitly
Remitly specializes in sending smaller transfers across 100+ currencies and over 170 countries. It offers a range of payout options to suit your recipient, such as bank account, mobile wallet, or cash pickup.
You can also choose between Express (faster, with a higher fee) or Economy (slower, but more affordable), but transfer limits are fairly low at 25,000 USD.
| Remitly transfers | |
|---|---|
| Transfer fees | Fees vary based on destination, currency and speed |
| Exchange rates | Exchange rate includes a markup |
| Transfer time | Express transfers can arrive within minutes; economy transfers take 3–5 business days. |
| Transfer limits | 25,000 USD. More information on – Remitly transfer limits |
| Is Remitly safe? | Yes, Remitly follows strict security and customer protection guidelines. Accounts are subject to verification procedures to maintain high security levels alongside Secure Socket Layer (SSL) with 256-bit encryption. |
Need to send a cheaper transfer?
If minimizing costs is your priority, providers like Wise, OFX and Remitly, known for low fees and competitive exchange rates, may be a better option:
- Wise: Low, transparent fees with mid-market exchange rates and a multi-currency account with 40+ currencies
- OFX: No fees for transfers over 10,000 USD; suitable for large transfers.
- Remitly: Offers economy transfers with lower fees; best for smaller remittances to certain countries.
- Western Union: Fees vary; offers promotions and discounts for online transfers.
Fidelity additional fees
International payments in and out of Fidelity accounts are processed using the SWIFT network. SWIFT is a method favored by banks and organizations as it’s established and reliable. However, it can also be slow and expensive.
The SWIFT process involves a payment being passed through one or more partner banks, which are often known as intermediary or correspondent banks.
Each intermediary can add their own fee as the payment is processed, which is deducted from the amount being sent. This can result in unexpected costs and mean you get less than you anticipated in the end.
How long does a Fidelity international money transfer take?
International money transfers with Fidelity should take about 2 working days – after the trade date – to arrive.
Need to send a faster transfer?
For urgent transfers, these providers offer expedited services:
- Wise: More than 60% of transfers are instant, with the vast majority arriving within 24 hours.
- Remitly: Express transfers can arrive within minutes; economy transfers can take 3–5 business days.
- Western Union: Cash pickups and certain transfers can be completed within minutes depending on the currency and destination.
- OFX: Transfers typically take 1–3 business days
Pros and cons of transferring money abroad with Fidelity
| Fidelity pros | Fidelity cons |
|---|---|
| ✅ Over 20 currencies available ✅ Send money directly to and from your Fidelity account ✅ Get broker support to arrange your payment ✅ Reasonable delivery time compared to market averages | ❌ Exchange rate markups are likely to be used ❌ You’ll need to call a broker to find out about the transfer fee and available rate ❌ Third party charges may apply
|
How to make an international transfer with Fidelity
To arrange your Fidelity international transfer you’ll have to contact your Fidelity brokerage representative at 800-544-6666. A member of the team will talk you through your options and the available fee and exchange rate.
Before you can send your outgoing transfer from your Fidelity brokerage account you’ll need to complete a request from. It’s worth knowing in advance that this requires the signatures of all account holders – and the signatures must be guaranteed by a bank, broker-dealer, credit union, securities exchange or association, clearing agency, or savings association. A notary public cannot provide a signature guarantee.
What information do you need to make an international transfer with Fidelity?
When you complete your outward international transfer request form for Fidelity, you’ll be asked to provide the following information:
- Name of account number and any co-owner
- SSN of account owner
- Fidelity brokerage account number
- Signature and guarantee of both owner and any co-owner
- Name of beneficiary, country and city of residence
- Receiving bank name and address
- Receiving bank SWIFT code
- Account number or IBAN
- Other information based on destination country – a sort code for the UK, CLABE number for Mexico, of BSB for Australia for example
- Intermediary bank information including bank name and address, SWIFT code and any other local information required
Fidelity transfer limits
International transfer limits may vary based on the payment details, including the destination country, and the specific currencies involved.
For foreign currency transfers, Fidelity FOREX facilitates the conversion, and your brokerage representative will be able to advise you on the limits which apply to your specific circumstances.
Daily transfer limits
| Transfer method | Minimum per transaction | Maximum per day |
|---|---|---|
| Bank wire | 100 USD | 1,000,000 USD |
| EFT withdrawal | 0.01 USD | 100,000 USD |
| EFT deposit | 0.01 USD | 250,000 USD |
*Data correct at time of research – 1st May 2025
For transfers above 1 million USD, or to enquire about exceeding EFT limits, contact Fidelity at 800-343-3548 or 800-544-6666.
Large amount transfers with Fidelity
Fidelity supports high-value international transfers, with a limit of up to 1 million USD per client per day via bank wire. For transfers exceeding this limit, customers are advised to contact Fidelity directly at 800-343-3548 to discuss options for processing larger amounts.
Fidelity doesn’t charge a fee for initiating international wire transfers, but it is important to note that exchange rate markups may apply when it comes to converting currencies. Additionally, intermediary and recipient banks may impose their own fees, which can vary based on the institutions involved.
How to send a high amount transfer with Fidelity
Fidelity customers currently can’t make an international wire transfer through its online platform or mobile app. Instead, customers who want to transfer money abroad will need to use Fidelity’s Outgoing International Bank Wire form.
- Complete the form: Use the Outgoing International Bank Wire form for foreign currency transfers.
- Obtain signature guarantees: All account holders must sign the form, and their signatures must be guaranteed by an eligible institution.
- Submit the form: Send the completed form by mail or deliver it in person to a Fidelity Investor Center.
Need to send a larger transfer?
If you need to make a large transfer that exceeds Fidelity’s daily limits or are simply looking for a more convenient, online option, the following alternative providers might be a better choice:
- Wise: Supports transfers up to 1,000,000 USD per ACH transfer and 6,000,000 USD per local wire transfer for personal accounts using the mid-market exchange rate.
- OFX: No maximum transfer limit. Specializes in large transfers with personalized support and competitive exchange rates.
- Western Union: Send up to 50,000 USD online, via app or in person with higher limits possible through agent locations.
Receiving money from abroad with Fidelity
You can receive payments in your Fidelity brokerage account in foreign currencies, using Fidelity FOREX Inc. You’ll need to send the payment in an eligible foreign currency to Fidelity, to have it converted to USD and deposited into your account.
International payments with Fidelity are processed through brokerage representatives, so you’ll need to give your representative a call to check the account details that you need to receive your specific foreign currency payment.
You’ll also be able to check the exchange rate that will be applied when your money is converted to USD and deposited. Don’t forget that this rate is likely to include a markup – which can push up the overall costs.
How to receive an international transfer with Fidelity
The process for receiving an international wire transfer into your Fidelity brokerage account is similar to other providers and involves several steps to ensure the funds are correctly credited.
Fidelity doesn’t charge a fee for receiving wire transfers; but, intermediary or sending banks may impose fees.
Here is how to receive international wires into Fidelity account:
- Provide Fidelity’s wire instructions: Share Fidelity’s specific wire instructions with the sender, including bank details and your Fidelity account information.
- Use the correct SWIFT code: Depending on the type of account, use the correct SWIFT code.
- Monitor your account: International wire transfers can take up to 2 working days
Fidelity SWIFT code
If you’re sending money in a foreign currency to Fidelity, to have it deposited into your brokerage account, you’ll need the correct Fidelity SWIFT code.
SWIFT codes are like zipcodes when you mail a letter – they make sure your money gets to the right place as fast as possible. When you arrange your Fidelity international transfer be sure to ask the brokerage representative what SWIFT code to use.
Fidelity uses different SWIFT codes depending on the type of account:
- Brokerage Accounts: Use SWIFT code CHASUS33.
- Mutual Fund Accounts: Use SWIFT code BKTRUS33.
Fidelity address for incoming wires
To receive an international wire transfer into your Fidelity account, you’ll need to provide the sending institution with specific wire instructions. These details ensure that the funds are correctly routed to your account.
| Bank name | JPMorgan Chase Bank, N.A. |
|---|---|
| Bank address | One Chase Manhattan Plaza, New York, NY 10005 |
Fidelity incoming international wire transfer fees
Fidelity doesn’t charge a fee for receiving incoming wire transfers, but you’ll still need to consider:
- Sending bank fees: The sender’s bank may charge a fee for initiating the wire transfer.
- Intermediary bank fees: If the wire transfer passes through intermediary banks, they may deduct fees from the transfer amount.
- Currency conversion: If the incoming funds are in a foreign currency, Fidelity will convert them to US dollars at the prevailing exchange rate, which includes a markup.
Fidelity incoming transfer limits
Fidelity does not impose specific limits on the amount you can receive via incoming wire transfers.
For high-value transfers or specific currency considerations, it’s advisable to contact Fidelity’s customer service at 800-544-6666 to ensure a smooth transaction.
Supported countries
You can send money out of a Fidelity brokerage account, or receive payments to your account, in over 20 currencies. These are then converted to or from US dollars as needed.
Some of the major currencies supported include:
- Euro (EUR)
- British Pound (GBP)
- Japanese Yen (JPY)
- Canadian Dollar (CAD)
- Australian Dollar (AUD)
Fidelity customer service for international transfers
Fidelity offers multiple channels to assist clients with international money transfers, including:
- Phone: Clients can reach Fidelity’s customer service 24/7 by calling 800-343-3548 for general inquiries. For international wire transfers, it’s recommended to contact 800-544-6666 to speak directly with a brokerage representative.
- Investor centers: Fidelity has physical branches known as Investor Centers where clients can receive in-person assistance.
- Virtual assistant and live chat: For quick questions, Fidelity’s Virtual Assistant is available 24/7. Additionally, live chat support with Fidelity representatives is available Monday through Friday from 8 am to 10 pm ET, and on weekends from 9 am to 4 pm ET.
Does Fidelity offer currency exchange?
Fidelity offers currency exchange services to accommodate trading needs. Their service is typically used for international wire transfers and foreign investments, with currency conversion handled automatically when needed. There are no fees, but exchange rates may include a markup, which means you might not get the mid-market rate you see on Google.
If you’re looking for a more cost-effective way to exchange currency, check out our full guide on how to exchange currency with low fees to get the best rates.
Conclusion
If you need to send or receive foreign currencies to your Fidelity account, using the Fidelity FOREX service may seem like the obvious choice. However, often specialist services can offer a better exchange rate with lower overall fees and a faster delivery time.
Compare a few options against the fees and rates you’re quoted by Fidelity, to see if you could save money using a different provider.
FAQs
How much does a Fidelity international transfer cost?
To find out the costs and exchange rate available for your transfer you’ll have to contact your Fidelity brokerage representative at 800-544-6666.
How long does a Fidelity international money transfer take?
It usually takes about 2 days for your money to arrive, after the trade date.
How to transfer money internationally with Fidelity?
To learn more about sending international payments to or from your Fidelity account, call 800-544-6666 to speak to a brokerage representative.
