BoA has two options of sending an international wire transfer: One (for $45) sends funds in USD and the other (for $35) sends funds in another currency.
Does anyone know if you are sending funds in USD, will the receiving bank account have to be based on USD instead of another foreign currency? I believe in Europe you can open a bank account using different currencies as the base.
... Or if you send funds in USD and the receiving bank is not base in USD, will the funds transferred just sit in the receiving account without gaining any interest (assuming it is transferred to a savings account)?
Does anyone know if you are sending funds in USD, will the receiving bank account have to be based on USD instead of another foreign currency? I believe in Europe you can open a bank account using different currencies as the base.
... Or if you send funds in USD and the receiving bank is not base in USD, will the funds transferred just sit in the receiving account without gaining any interest (assuming it is transferred to a savings account)?