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Incoming Wires and Foreign Drafts
INCOMING WIRES AND FOREIGN DRAFTS
BFSFCU is able to receive incoming wires and foreign drafts in many foreign currencies and convert those funds to U.S. Dollars for credit to your BFSFCU account. In addition to the foreign exchange rate*, a Currency Conversion Charge based on the transaction size will apply.
| Transaction Size | Currency Conversion Charge |
|---|---|
| $ - to $ 4,999.99 | 2.4000% |
| $5,000.00 to $ 9,999.99 | 2.3000% |
| $10,000.00 to $ 24,999.99 | 1.5550% |
| $25,000.00 to $ 49,999.99 | 1.3500% |
| $ 50,000.00 to $ 99,999.99 | 1.0000% |
| $ 100,000.00 to $ 149,999.99 | 0.7500% |
| $ 150,000.00 to $ 249,999.99 | 0.4500% |
| $ 250,000.00 and above | 0.3500% |
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You can avoid the Foreign Currency Conversion Charge by sending U.S. Dollars to your BFSFCU account.
- *Foreign exchange rates are internal to our processor and are not reflected in foreign exchange rate information provided by other sources.
- Our processor uses the foreign currency exchange rate in effect at the time the transaction is converted to US dollars and applies the Currency Conversion Charge prior to crediting your BFSFCU account.