Conveniently Make Deposits or Wire Funds Internationally
We offer international investors our Schwab Foreign Currency Wire Transfer Service. Schwab accounts are denominated in U.S. Dollars. Investors should note that the changes in currency exchange rates can cause the value of your funds to go down or up.
Here are some of the benefits of using Schwab to transfer money.
At Schwab, we offer competitive exchange rates for your money, which means more available for investing.
Unlike bank transactions that often delay credits to your account, Schwab credits funds the same day they're received1.
A Wide Selection of Currencies
We accept wired deposits in foreign currency and automatically convert them to U.S. dollars with no wire acceptance fees2. We can also wire money from your Schwab account to the wire-receiving institution of your choice so you can use funds to make purchases or investments in local currencies.
We help keep track of transactions by automatically deducting outgoing wire fees from your Schwab account and documenting transactions on your regular Schwab statement.
All it takes to start the exchange is a single phone call. We help manage the process from initiating the transfer to coordinating with the receiving bank.