Normally I use Knightsbridge but as far as i remember they only deal in larger sums. Ileana Ionescu. You are required to exchange your money with the receiving bank, often at a poor rate. And wire transfers can be held up for days in some cases when they have to go through a central bank in the destination country again, fortunately not in Canada. Looking to learn more about making a BMO international bank transfer?
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Read MoreView Original Size. Ileana Ionescu. And wire transfers can be held up for days in some cases when they have to go through a central bank in the destination country again, fortunately not in Canada. How long does an BMO international money transfer take? Transfer fee - upfront fee, paid to BMO - often the smallest charge levied. Any charges are deducted as the payment passes through the SWIFT network, which can mean the sender gets less than you expect in the end.