I wire payments to factories in China for product and it cost $45 per wire and 48 hours to clear.. I recently had a wire rejected because I was only able to input 8 of the 12 words of the factory name in the Bank of America name field. Think about that? The routing number was tied to a factory name that I provided 8 of the 12 words to and it got rejected as incomplete. I was charged by my bank to issue an addendum to add the 4 missing words which also ultimately failed. I then had to rewire the money for an additional $45. It took 12days from start to finish. Total joke.