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US Bank Corp International Transfers & Exchange Rates
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Published On:
November, 25 2022
Edited On:
March, 24 2023

US Bank Corp International Transfers & Exchange Rates

US Bank is one of the largest financial institutions in the United States, with over 60,000 employees and millions of customers worldwide. Sending money internationally and domestically is a fairly straightforward and simple process with US Bank - provided you have an active bank account with them.

In this guide, we’ll be taking an in-depth look into US Bank, opening an account, the pros and cons, and sending money abroad.

About US Bancorp

US Bank (stylized as US Bancorp) is the fifth-largest bank in the United States and a leading financial institution around the world. Established in 1863, the company provides banking services as well as investment, mortgage, and payment services products to individuals and businesses.

US Bank has over 18.5 million customers, with more than 3,106 across the United States and 4,800 ATMs primarily located in the Western and Midwestern United States.

US Bank Exchange Rates and Fees

When sending money internationally, exchange rates and transfer fees are the two costs that you need to be aware of. Unlike money transfer operators who tend to be transparent about the costs involved with sending money abroad, it can be more difficult to get a full picture of what you will be charged for sending an international wire transfer via your bank.

We’ve covered that for US Bank here:

Exchange Rate

The exchange rate used to convert your funds into a foreign currency is set by US Bank on the business day your exchange is processed. While the margin added onto the mid-market rate is not specified by US Ban, they do state that it is “processed based on factors such as market conditions and risk, economic and business factors”.

The exchange rate you are offered is therefore unlikely to be exactly the same as you see on Google, for example, as it includes US Bank’s “profit, fees, costs and changes”. You will be given more information on the exchange rate you are being offered upon selecting the foreign currency you want to convert to when making your transfer.

Transfer Fees

The wire transfer fees for a personal account with US Bank are as follows:

  • Incoming (Domestic): $20.00

  • Outgoing (Domestic): $30.00

  • Incoming (International): $25.00

  • Outgoing (International): $50.00

The fees are different for business accounts, with wire transfer fees as follows:

  • Incoming foreign wire transfers: $15 per transaction

  • Outgoing foreign wire transfers: $70 per transaction

Additional Costs

US Bank does note that there may be additional charges from the receiving bank when sending an international wire transfer, which can result in your recipient receiving fewer funds than initially agreed. If you need to send a specific amount to someone abroad, make sure you have taken fees from both the sending and receiving bank into account.

How do US Bank transfer fees compare to using a money transfer provider?

Overall, you are likely to find a more cost-effective way of sending money abroad when using a specialist money transfer provider such as WorldRemit or XE Money Transfer, who tend to have lower transfer fees and more transparent exchange rate margins. Use our comparison tool to find the best service for your transfer needs.

US Bank Pros and Cons


Secure method of sending money: Wire transfers are considered a safe and secure way of sending money internationally, so you can feel assured that your money will reach its destination safely.
Online access: The US Bank app allows you to organise sending and receiving money from your phone, which is an added level of convenience to money transfers.
Wide disbursing network: US Bank is partnered with Western Union for international transfers, which means you can send funds to be collected from over 500,000 agent locations worldwide.


Transfer fees: US Bank charges $50.00 for outgoing international transfers, so you’ll need to be prepared for this additional fee.
Sending limits: US Bank has a relatively low sending limit for wire transfers, which may not be ideal for people looking to send large sums abroad.
US Bank account holders only: You need to have an account with US Bank to make a transfer with them.

US Bancorp Swift Codes

Us BankUsaBoise Id
Us BankUsaDenver Co
Us BankUsaLos Angeles Ca
Us BankUsaMilwaukee Wi
Us Bank TrustUsaMilwaukee Wi
Us BankUsaMinneapolis Mn
Us BankUsaPortland Or
Us BankUsaReno Nv
Us BankUsaSacramento Ca
Us BankUsaSalt Lake City Ut
Us BankUsaSeattle Wa
Us BankUsaSt Louis Mo
Us Bank TrustUsaSt Paul Mn
Us BankUsaTacoma Wa

How to Open an Account and Transfer Money With US Bank

Follow these steps to open your US Bank account and start transferring money internationally.

Opening an Account

You can open a US Bank account either online or by visiting your local branch in-person. Regardless of how you choose to open your account, you’ll need to provide:

  • Social security number

  • A valid photo ID such as a driving license or passport

  • The minimum opening deposit of $25 (payable via card or transfer from another US Bank account)

Transferring Money

You can send a wire transfer either at your local branch, or you can use your banking app. You must be a U.S. Bank customer with an active account to send your wire transfer.

You’ll need to provide the following information for an international wire transfer:

  • Valid identification (such as a passport or driving license)

  • The amount you are sending in dollars and the currency you are converting to

  • Full name of the bank the funds are being wired to

  • Swift Code or BIC (Bank Identification Code)

  • Name of the person the funds are being wired to

  • Account number the funds are being wired to

  • Any additional notes for the receiving bank (loan number to pay, etc.)

Additional Information

US Bank SWIFT/BIC Information

Here is the SWIFT/BIC information you’ll need for US Bank.

  • Bank Name: US Bank


  • Bank address: 800 Nicollet Mall BC-MN-H20I 55402


In summary, US Bank is a large and long-established financial institution and as you might expect, this means the process of sending and receiving money is extremely straightforward, secure, and easy to use once you have an active account in place.

However, in terms of fees, you are likely to find far more cost-effective ways of sending money internationally by using a specialist money transfer operator with fairer exchange rates and lower transfer fees. Use our comparison tool to find a real-time breakdown of the best transfer services for your needs.

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April Summers
April Summers
April is a trained journalist and the Content Editor for She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she's not writing about global remittances she can be found daydreaming about her next holiday abroad.

Answers to key questions about US Bancorp

From opening an account to transfer limits, we’ve answered some of the most frequently asked questions about US Bank in this section.

Can I open a US Bancorp account in any country?
Does US Bank Corp have an app?
Are there transfer limits?
How long do transfers take with US Bank Corp?
What customer support options are available?
Can I use a US Bancorp debit card when travelling abroad?
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