Banking and Finance

Discover Bank Wire Transfer Fees and Instructions

July 27, 2021

At Cheese, it’s our goal to provide you with helpful, useful information that allows you to better navigate your financial life. So, we’ve developed resources that allow you to learn about monthly banking fees and, more specifically, a comprehensive review of the online banking services you can enjoy with Discover Bank.

When it comes time to transfer cash to someone else, however, whether they live in the United States or are currently abroad, you’ll definitely need to understand how to navigate Discover online checking and services in order to send the cash. How much are Discover’s wire transfer fees and how do you send a wire transfer through Discover Bank? We’ve got the answers for you.

What Are the Wire Transfer Fees at Discover Bank?

Discover Wire Transfer

To complete this transfer, you usually need the name of the recipient, their bank name, account number, and pickup details. Depending on the banks that both the sender and the recipient use, it’s possible to initiate a wire transfer via the bank itself. Or, it can be done through a third-party money transfer service such as Western Union. And, there are almost always fees involved, both for incoming and outgoing transfers both internationally and domestically.

International Wire Transfer Fees at Discover Bank

Like every other major bank, initiating or receiving a Discover Bank wire transfer incurs a fee. The Discover Bank international wire transfer fee is a bit different, however.

Discover actually doesn’t have a service charge for receiving domestic wires or for receiving international wires in US dollars. However, if you’ll be receiving international wire transfers in a foreign currency, the currency exchange rate is determined by their designated intermediary bank and will impact the amount received by Discover. Because of this, the transfer might incur a $20 currency exchange fee.

Want to complete an outgoing international wire transfer fee at Discover Bank? There is a $30 service charge for each outgoing wire transfer sent from your Discover bank account. 

Domestic Wire Transfer Fees at Discover Bank

Want to make a Discover wire transfer to another account within the United States? It’s possible, and easy, actually. 

And, the fees remain similar to those for Discover Bank international wire transfers. There is a $30 service charge for each outgoing wire transfer sent from your Discover bank account. Incoming wire transfers, domestic or international, incur no fees (as long as they are in US dollars).

You can also transfer money with your Discover Bank account by using Zelle, a money transfer app that’s integrated into the Discover Bank online banking system. It’s free for most users (depending on the bank of the recipient) and is a great alternative to a traditional wire transfer. Again, the ability to complete a transfer via Zelle or any other money transfer app depends on the bank of the recipient, how much you’re sending, and where the bank is located.

Wire Transfer Policies and Limits at Discover Bank

Are there wire transfer limits at Discover Bank? Yes, but they’re a bit more complicated than those for other similar banks.

If you initiate a wire transfer through Discover Bank’s Account Center (the online banking platform all account users can access), you can receive $250,000 per 30-day rolling period. The same transfer limit applies to outgoing transfers as well, meaning you can transfer up to $250,000 per 30-day rolling period in outgoing wire transfers.

If you’ve decided to use Zelle (as mentioned above, it’s integrated into the Discover Bank online banking platform), the transfer limit is currently $600 per day for outgoing transfers. There is currently no transfer limit for incoming transfers via Zelle for Discover Bank users.

In terms of policies and other things to know about Discover Bank wire transfers, you’ll likely need to know certain information to complete the transfer, such as the bank’s SWIFT code, bank address, and more. Here is some helpful information.

For incoming domestic wire transfers, wire funds to:

  • Beneficiary Bank: Discover Bank
  • ABA/Routing Number: 031100649
  • Beneficiary Bank Address (if required): 502 Market Street, Greenwood DE 19950

For incoming international wire transfers, use the following information:

  • Beneficiary Bank: Bank of New York Mellon
  • ABA/Routing Number: 043000261
  • Beneficiary Bank Address (if required): #3 Mellon Bank Center, Pittsburgh, PA 15258
  • Beneficiary Name: Discover Bank
  • Beneficiary Account Number: 9914394
  • For Further Credit: Your name and your Discover Bank account number

How to Send Wire Transfers Through Discover Bank

How to Send Discover Bank Wire Transfers Online

If you are going to initiate a wire transfer online through Discover Bank, you simply need to first log in to your Discover Bank account online and initiate the transfer online. International wire transfer requests may only be submitted using the paper form.

If you’ve completed the form (again, domestic wire transfers can be done either online or via the paper form), you can upload the form through Secure Document Upload on Discover Bank’s online platform.

How to Send Discover Bank Wire Transfers Offline

It’s possible to initiate a Discover Bank wire transfer offline. You can download the forms above and then either:

  • Fax the form to 1-224-813-5213, Attention "Wire Transfer Request"
  • Mail the form to Discover Bank, PO Box 30417, Salt Lake City, UT 84130

Sign Up for a Debit Card with No Wire Transfer Fees

At Cheese, we’re dedicated to ensuring that our users pay $0 in monthly fees while enjoying other zero-fee perks such as no overdraft fees, no international wire fees, and no minimum balance fee. We waive all Cheese users one international wire transfer per year. And, while you’re saving on wire transfer fees, you’ll also be able to enjoy the savings of your fee-free and cashback-optimized debit card. Larger international banks such as Discover Bank aren’t usually able to offer the same level of fee-free assistance.

Interested in a fee-free card that comes with $0 in monthly fees and $0 in international wire frees? Sign up today to receive your Cheese Debit Card that comes loaded with other perks such as savings opportunities.

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