Bread Savings charges a fee of $25 for each outgoing wire transfer. There is no limit on the number of outgoing wire transfers you can initiate.
Understanding Bread Savings Wire Transfer Fees
When you need to send funds rapidly and securely from your Bread Savings account to another financial institution, an outgoing wire transfer is a common method. Unlike some other forms of electronic funds transfers, wire transfers typically incur a fee due to their expedited nature and direct processing.
The specific charge for this service from Bread Savings is a flat fee per transaction. This fee applies to each instance you initiate an outgoing wire transfer, regardless of the amount being transferred.
Key Details of Wire Transfer Fees:
- Fee Amount: $25 per transfer
- Applicability: Outgoing wire transfers
- Frequency: Charged for each transfer
- Limits: There is no specified limit on the number of wire transfers you can perform.
For clarity, here's a summary of the known transfer fee:
| Transfer Type | Fee Charged | Notes |
|---|---|---|
| Outgoing Wire Transfer | $25 per transfer | No limit on the number of transfers performed. |
It's important to differentiate wire transfers from other potential types of transfers, such as ACH (Automated Clearing House) transfers or internal transfers between Bread Savings accounts, which may have different fee structures or no fees at all. The $25 charge is specifically for outgoing wire transfers.
