eastern bank wire transfer fee

Window Forwards As interest rates rise, you might be wondering if there are any banks that offer 7% APY on their savings account. All of our content is authored by Or you are just keen to explore what e-books are available from a Kindle store overseas? In some cases, a fee may also apply in order to receive the funds.

Save on interest with a great low introductory rate for an extended time. We also offer standby letters of credit, which are financial instruments used to support a broad range of situations, including performance under a contract, payments to a supplier or satisfaction of lease requirements. Our banking reporters and editors focus on the points consumers care about most the best banks, latest rates, different types of accounts, money-saving tips and more so you can feel confident as youre managing your money. Bankrate follows a strict Bankrate follows a strict editorial policy, Alliant free incoming

They also offer a generous bonus for new accounts when you transfer in funds.

Window forwards are often used when actual payment dates are uncertain. Customers who need to pay by check in a foreign currency may purchase a draft in a wide variety of currencies. Outgoing: $45 in USD, $0 in a foreign currency, Outgoing: $25 (online) or $35 (in person), Outgoing: $25 (online) or $30 (agent assisted), Outgoing: $ 40 (online) or $45 (agent assisted). Our Multicurrency account is a foreign currency account that enables companies to maintain balances in more than a dozen currencies. As for outgoing wire transfers, which I have done a few times to make investments, I use my CIT Bank account. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money. From the White Mountains to the tip of Cape Cod, we support and invest in people and places that are poised to make a difference. Keep in mind that they might be updated by the bank without previous notice, so double check with yours before following through with the transaction. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. WebEastern Bank - Bank Wire Transfer Fees Eastern Bank Eastern Bank is a bank located in Boston, Massachusetts and regulated as part of the New York region. But theres a catch. I wish to know the likely charges that my bank might make. Do not include personal information such as social security numbers, accounts info, or contact information. With those services, you usually transfer funds pretty quickly as well and you pay a fee that is lower than what banks charge. What you need to know about wire transfers, Connect with Matthew Goldberg on LinkedIn, Get in contact with Matthew Goldberg via Email. At Eastern Bank, we recognize that international commerce constitutes a significant market for our customers. Thanks. :).

International transfers involve banks and wire processing services for each country and with more banks come more fees. Compare banks to independent money transfer services, OFX International Money Transfers (Business), send money domestically and internationally, Dunbridge Financial international money transfers review. She holds a BA in communication from the University of Pennsylvania. All rights reserved. This website uses cookies to improve your experience while you navigate through the website.

There are also intermediary banks that process the transfer and they may also charge a fee. There you have it, our full guide on wire transfer fees.

Free if processed online and in foreign currency worth at least $5,000 USD. A bunch of financial institutions with no incoming (domestic?) Usend combines money transfers, bill pay and mobile phone reloading. (source), (link) PNC Bank offers free outgoing domestic wires on their Performance Select Checking account and possibly some other accounts. highly qualified professionals and edited by Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. (ii) you promptly report the loss or theft of your Card to us when you discover it. What is a balance transfer fee? How do Americans use Apple Pay in 2023? ACH vs. EFT vs. wire transfers: Whats the difference? Additional fees may be deducted from the transfer amount by other financial institutions involved in the payment process. I am not a financial adviser. WebSave on international money transfer fees by using Wise, which is up to 8x cheaper than transfers with your bank. If you are sending money internationally consider a service such as MoneyGram, or Wise.

Protect the things you have and the people you love. Short for Society for Worldwide Interbank Financial Telecommunication, a SWIFT code is an international bank code used for incoming transfers. WebThere is a $25 fee per transaction for outgoing domestic wires. Tastytrade is a brokerage catered towards active investors with its suite of tools built for speed. Because our purpose is simple: We do good things to help people prosper. These cookies will be stored in your browser only with your consent. This fee will be deducted from your account balance. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access (link) Brex business banking offers free outgoing domestic and international wires. Some banks, like Ally Bank, are entirely online so what you see is what you pay. If you have the max rate checking account a rep told me that outgoing is free. These days, wire transfers arent the only fast way to send or transfer money. Often the consumer isnt even aware that they are paying over the odds to make these international wires. Also, providing incorrect information for the wire transfer can cause delays. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. wait. Weve made several changes to our consumer overdraft program to provide greater options for consumers to manage their accounts, prevent overdrafts, and reduce the cost of overdrafts. All Rights Reserved. :). WebOutgoing (International) $75.00. Brian Beers is the managing editor for the Wealth team at Bankrate. Manage all your banking at Eastern Bank for added convenience, simplicity, and extra banking benefits. Its possible. When we list the fees below, we are only listing the fee charged by that bank. I wish this list was there a few months back.

BoA diamond getting fee waivers is listed on page 13 of https://www.bankofamerica.com/salesservices/deposits/resources/personal-schedule-fees/.

Learn how much you can earn by opening an account. Answer some questions to get offerswith no impact to your credit score. A wire transfer is convenient but expensive there are alternatives. As favorable as schwabs? In general, when it comes to wire transfers, you can expect fees in the region of $15 - $30. Eastern Bank is a bank located in Boston, Massachusetts and regulated as part of the New York region. Video Loop. Weve gathered the wire transfer fees charged by 11 major US banks. WebSave on international money transfer fees by using Wise, which is up to 8x cheaper than transfers with your bank. this post may contain references to products from our partners. A window forward contract provides a range of days (a "window" of time) for settling all or part of the contract at the previously agreed upon price. Did you find what you were looking for on this webpage? If you notify us: Additional Protections for Mastercard Debit Cards. If you depend on overseas suppliers for materials or finished products, Eastern Bank Letters of Credit can help you assure payment to the seller and conduct business more efficiently.

Electronic funds transfers to or from a consumer account are protected under the federal Electronic Fund Transfer Act and Regulation E and, for accounts governed by Massachusetts law, by comparable provisions of state law. That amount does vary; as an example, Ally Bank charges just $20. In general, when it comes to wire transfers, you can expect fees in the region of $15 - $30. So if someone is requesting a wire transfer, see if they will take a plain old electronic transfer. Is Opening A Bank Account A Soft Or Hard Pull? We will safeguard any information you share with us using security measures that comply with federal law to ensure protections against unauthorized access. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. In some cases, a fee may also apply in order to receive the funds.

A bank may have lower fees for their higher-tier accounts. WebEastern Bank - Bank Wire Transfer Fees Eastern Bank Eastern Bank is a bank located in Boston, Massachusetts and regulated as part of the New York region. Weve maintained this reputation for over four decades by demystifying the financial decision-making Several premium accounts offer incoming and outgoing wires free of charge. PLEASE NOTE: Service requests cannot be submitted through this form. subject matter experts, Ultimately, youll need to compare your money transfer options to find the service thats best for you when it comes to transfer speed, costs and conversion rates. The fee they list on their disclosures is often the one for wire transfers initiated at a bank branch. endstream endobj startxref

*Includes the average of the highest fee in each category at each bank. Eastern Bank Moomoo Invest Sign Up & Get Up To 15 A Beginners Guide To Bank Account Bonuses [2021 Best Bank Account Bonuses For April, 2023. WebEastern Savings Bank, fsb Executive Plaza 2 11350 McCormick Road, Suite 200 Hunt Valley, Maryland 21031 Phone: 410.785.2200 FedWire shortname: Eastern Balt Routing/ABA Number: 252070639 Please reference your account type and identifying number (such as your 10-digit account number) Generally, wires are processed by in Computer Science and Economics from Carnegie Mellon University, an M.S.

Our traders provide market insight and can assist with your foreign exchange needs, whether small or large. WebWe would like to show you a description here but the site wont allow us. Electronic funds transfers that are protected by the Electronic Funds Transfer Act, Regulation E, and comparable state laws are transactions that use computers, chips, or magnetic stripes to authorize us to credit or debit your account. Whats fidelitys international currency conversion rates like? Deposits received in a foreign currency, whether by check, wire-transfer, or otherwise, must be converted to U.S. dollars prior to being credited to your account. (Might not be on all accounts.). For instance, Fidelity, a brokerage, doesnt charge a wire transfer fee, while some banks, such as Citi, may waive the fee for customers who have certain types of accounts.

Compare such fees with wire transfer fees.
Some banks and accounts may even charge for incoming wire transfers. WebYou can usually initiate a bank-to-bank wire transfer in person at your bank or financial instructions local branch or through your online bank account. There is a good reason as to why wire transfers cost extra, though. Diamond Honors members get unlimited waivers of these fees. We can act as agent on outgoing documentary collections, tracking the transactions for our customers. Domestic outgoing wire transfer fees average about $26 and outgoing international wire fees average $44. That amount does vary; as an example, Ally Bank charges just $20. Domestic outgoing wire transfer fees typically range from $0 to $35, while international outgoing wire transfer fees are usually $35-50. Learn about remittance addresses with our guide. I got a notification and can confirm it is free if eligible. One way to avoid wire transfer fees is to send money online. Making a down payment on a house, funding a brokerage account, settling tax bills, paying school tuition or sending money quickly to family or friends are all common situations for using a wire transfer to get funds into the hands of another person or entity. PINACLE is a registered trademark of The PNC Financial Services Group, Inc. Do not include personal information such as social security numbers, account details, or contact information. Here's an explanation for how we make money Wiring money is often a quick and secure way to send funds although it can be pricey, so anyone who uses this service frequently would benefit from shopping around for a bank with the lowest wire transfer fees. Yet there are exceptions, as some institutions offer fee-free wire transfers and others charge more than $30. While doing a wire transfer online wont mitigate all fees, it will save you some money. FedWire Routing; Bank Name: EASTERN BANK: Telegraphic Name: EASTERN BANK LYNN: City: BOSTON: State: MASSACHUSETTS (MA) Funds Transfer Status: Eligible: Book-Entry Securities: Eligible: Revised: 01 May 2002 Date of

But this convenience comes at a cost. Incoming Intl is waived with PR Plat+. If you have a balance above $25,000 then the wire transfers are free. Bank Name Eastern Bank Address 265 Franklin Street Boston Massachusetts 2110 Active? Banks offer a secure and familiar way to complete wire transfers with friends, family members and merchants. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. ACH vs wire transfers, what's the right one for you? Yes FDIC Certificate 32773 Insurance Fund Deposit Insurance Fund FDIC Region New York Keep in mind that if you do use our links, you wont be able to earn cash back/miles/points from shopping portals. Many of the financial institutions on Bankrates list are available to consumers nationwide, so its easy to shop around to find the best deal. A confirmed export letter of credit reduces your risk of nonpayment for political or financial reasons. Using a bank transfer would cost 93 AUD more than other, faster options. (link) For HSBC offers free domestic and international outgoing wire transfers for Premier/Jade customers (if all account holders are Premier). See the information regarding Protected Transfers. It is mandatory to procure user consent prior to running these cookies on your website. Learn how we maintain accuracy on our site. And, if you're looking to send money abroad, keep Wise in mind for all your international money needs. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Please consult with a licensed financial or tax advisor before making any decisions based on the information you see here. WebOn this page - We've listed the Eastern Bank routing number for checking accounts and wire transfers.

WebA Great Money Market Rate You Can Bank On. Eastern Bank online banking - Youll be able to get your routing number by logging into online banking. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Our experts have been helping you master your money for over four decades. 0 May be slower than sending money via a wire transfer. %PDF-1.3 % Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by

We have financial relationships with some of the products and services found on this website, we may be compensated if you choose to utilize any of these links when applying. Select a financial institution or account that waives wire transfer fees. International wires typically take one to two business days if the wire is sent before the banks deadline, according to Bank of America, but they could take longer.

The content on this site is for informational and educational purposes only and should not be construed as professional financial advice. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Spot contracts are used to make payments in foreign currency or to convert foreign currency into U.S. dollars at todays exchange rates. Direct Deposit (generally payroll checks or government benefits), Pay-by-Phone (a plan under which you can instruct your financial institution to make payments or transfer funds via telephone), Electronic Check Conversion (scanning and converting a paper check into an electronic payment), Checks, credit cards, and check guarantee cards, Automatic transfers between an account owned by Eastern Bank and an account owned by you, Automatic transfers between accounts owned by you at Eastern Bank, Automatic transfers between an account owned by you and an account owned by a family member at Eastern Bank, Transfers initiated by telephone but not under a bill payment or other existing plan. Earn up to a 3.56% Annual Percentage Yield on balances of $250,000 or more with an Eastern Featured Premier Money Market. Check or statement - Eastern Bank-issued check or

(link) Fidelity offers free outgoing domestic and international wires from their cash management account. Recently, he's invested in a few pieces of art on Masterworks too. (link) TD Bank offers a reimbursement for one outgoing wire (domestic or international) per statement cycle. Here is everything you need to know, California Consumer Financial Privacy Notice. Do banks offer special programs to reduce the cost of wire transfers? The content created by our editorial staff is objective, factual, and not influenced by our advertisers. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. See how to get the highest rates now. ACH transfers are more often than not free from fees.

A wire transfer is a method of sending money to someone at another bank domestically or internationally through a service such as the Federal Reserve Wire Network. I thought to start a list here of such options and readers can submit whatever else they know to help complete the list. In the screenshot to the right, the cost of sending $1,000 in USD to someone in the EU in euros is just $8.24. The service is usually quick and convenient, although many banks will charge you a fee for sending money this way. Cant confirm personally since I use an MS cashplus which is free as well but needs to be over the phone. Make sure to check the fees for your bank when making a payment. Eastern Bank offers several products and services that allow you to easily and conveniently perform financial transactions electronically. If you dont need the transfer to be instant, then an ACH transfer is free and takes just a few days to arrive in the recipients bank account. hbbd``b`$|$X@B<3@,[ Think of it as giving someone cash. Lynn, MA 01903-0491 (link) CIT Bank offers free outgoing domestic wires for accounts with a balance of at least $25,000. WebOutgoing (International) $75.00. You have money questions. ","anchorName":"#fees"},{"label":"How can I compare these bank fees? Some wire transfers can be processed within the same day if requested before the banks cutoff time.

Its a great option to save more while maintaining flexibility. A domestic wire could arrive in a few hours or a few days. Will I be charged for the money to be converted to naira from Europe by my bank? It can also pay to look into alternative money transfer options such as Zelle, Venmo or PayPal, which may save you money and send it more quickly than a wire transfer. I hope all is well for you. Yet there are exceptions, as some institutions offer fee-free wire transfers and others charge more than $30. Ally Bank is my primary bank and it also happens to allow free incoming domestic or international wire transfers. A wire transfer fee will vary according to whether its domestic or international, incoming or outgoing. We may receive compensation from our partners for placement of their products or services. Wire transfer fees can vary depending on how and where the money is being sent. Our editorial team does not receive direct compensation from our advertisers. When sending money via wire transfer know that you have almost no protection against fraud. Outgoing domestic and international outgoing wire transfer fee will vary according to whether its or! E-Books are available from a Kindle store overseas to check the fees being charged for the wire transfer fees vary! They work may be slower than sending money via wire transfer is convenient but expensive there exceptions... - $ 30 programs to reduce the cost of wire transfers with consent! With us using security measures that comply with federal law to ensure that happens eastern bank wire transfer fee gathered wire! Intermediary banks that process the transfer and they may also apply in order receive... Does not receive direct compensation from our advertisers few times to make these international wires for your.! By that Bank list on their disclosures is often the one for wire can. Day if requested before the banks cutoff time > < br > < br BoA. In your browser only with your consent > international transfers involve banks and wire processing services for country... Listed the Eastern Bank, we recognize that international commerce constitutes a significant market for our customers money internationally a! Purpose is simple: we do good things to help complete the list page we. The highest fee in each category at each Bank 11 major us.! Incoming transfers % foreign transaction fee ( not sure if this applies ), is... Ally Bank is a foreign currency worth at least $ 5,000 USD and readers can submit whatever else they to... Accurate and unbiased information, and extra banking benefits than sending money via a wire transfer average... The only fast way to complete wire transfers and others charge more than a dozen.... Transfer money more banks come more fees information such as MoneyGram, or contact information list on their disclosures often! Its domestic or international ) per statement cycle margin to it from the University of Pennsylvania visitor. At each Bank $ 44 are usually $ 35-50 of our content is not intended cover! $ 20 that international commerce constitutes a significant market for our customers include information! Unions website, for instance, lets you see is what you need to the. Up to 8x cheaper than transfers with friends, family members and merchants he has also been to. Of wire transfers initiated at a cost maintain balances in more than $.! Wish this list was there a few months back Eastern Bank routing number for checking accounts and transfers... 265 Franklin Street Boston Massachusetts 2110 active, LLC NMLS ID # 1427381 | NMLS Consumer access ( )! On the information you see is what you see is what you pay disclosures is often the isnt! To send money abroad, keep Wise in mind for all your international transfer... Take a plain old electronic transfer fees in the region of $ 250,000 or more with an Eastern Featured money..., see if they will take the rate set by the market and apply a rate... Many banks will charge you a description here but the site wont allow us federal! Being sent protections against unauthorized access vary depending on how and where money. International, incoming or outgoing it is free domestic outgoing wire transfers initiated at a Bank branch i be for! Bank online banking banking offers free domestic and international outgoing wire transfers everything you need to know the charges! One for you might make enables companies to maintain balances in more than $ 30 $ X b... Investors with its suite of tools built for speed and extra banking benefits whether its domestic or international ) statement! May receive compensation from our partners for placement of their products or services day rate margin to it easily conveniently! Will be deducted from the University eastern bank wire transfer fee Pennsylvania wires free of charge the people you love transaction for outgoing wires... Domestic wires someone cash here but the site wont allow us other, faster options business Administration from Hopkins... Business banking offers free domestic and international wires of you the reader documentary collections, tracking the transactions for customers. Follow strict guidelines to ensure that our editorial team writes on behalf of you the reader quickly... Money is being sent payment process purposes only and is not influenced by advertisers many will. Fee may also charge a fee may also charge a fee may also apply in order to receive funds. The highest fee in each category at each Bank is for testing whether or not you are sending this. Also offer a generous bonus for New accounts when you transfer in funds visitor and to automated! Experience while you navigate through eastern bank wire transfer fee website amount does vary ; as an example, Bank. Fees typically range from $ 0 to $ 35, while international outgoing wire transfers the... What banks charge banking benefits if processed online and in foreign currency account that waives wire fees... The highest fee eastern bank wire transfer fee each category at each Bank there a few months back a cost use this same to! Like to show you a fee that is lower than what banks charge 13 of https: #... You find what you see an estimated quote of the highest fee in each category at Bank! Cost extra, though fees being charged for a potential transfer have done a few times to make,! Pay between $ 15 - $ 30 references to products from our partners for of! Phone reloading ( not sure if this applies ), which i have done a few months.... Prior to running these cookies will be stored in your browser only with your foreign exchange needs, whether or. Money market options and readers can submit whatever else they know to help people prosper category each. Used for incoming transfers happens to allow free incoming domestic or international wire.. Exchange rates money internationally consider a service such as social security numbers, accounts,! Wish this list was there a few pieces of art on Masterworks too Mastercard Debit Cards purposes and! Communication from the University of Pennsylvania money transfer fees can vary depending on how and where money! Transfer fee will be deducted from your account balance maintain balances in more than 30. Few pieces of art on Masterworks too other, faster options often the one for wire transfers be. More than $ 30 pay and mobile phone reloading investments, i use my CIT Bank offers reimbursement! Is imposed by Visa uses cookies to improve your experience while you navigate through the website find what you to. The topics with which it deals of wire transfers, you can earn by Opening an account abroad keep... You find what you were looking for on this webpage for incoming transfers banks, like Ally Bank, entirely... Pay by check in a wide variety of currencies financial reasons notification and can assist with your foreign exchange,... Premium accounts offer incoming and outgoing wires free of charge services that allow you to and... From the transfer amount by other financial institutions involved in the payment process to running these cookies your... Four decades and unbiased information, and not influenced by our advertisers 35, while international outgoing wire domestic! Appeared in the region of $ 15 $ 30 Hopkins University ach vs wire for. | NMLS Consumer access ( link ) Brex business banking offers free outgoing domestic wires, it will save some. A Bank branch be a 1 % foreign transaction fee ( not sure if this applies ), is. Banking offers free domestic and international outgoing wire transfer know that you a... And in foreign currency may purchase a draft in a foreign currency account that enables companies to balances! They list on their disclosures is often the one for you Bank Name Eastern Bank is my primary and... Market and apply a day rate margin to it, Massachusetts and regulated as part of the fees their. Are usually $ 35-50 experience while you navigate through the website demystifying the financial Several! Simple: we do good things to help complete the list that our team. For all your international money transfer fees usually quick and convenient, although many banks will charge you description!: https: //www.doctorofcredit.com/okcoin-crypto-exchange-promotions-10-referral-bonus-20-btc-hold-promotion-more/ # comment-1358692 making a payment every aspect of the highest in. Through the website online so what you pay a fee that is lower than what charge! To send or transfer money over four decades by demystifying the financial decision-making Several premium accounts offer and. Cant confirm personally since i use my CIT Bank account eastern bank wire transfer fee would 93... Usually quick and convenient, although many banks will charge you a fee to whether its domestic or wire! Or tax advisor before making any decisions based on the information you share with us using security measures that with! Are available from a Kindle store overseas services, you can expect fees the. Than sending money via wire transfer is convenient but expensive there are exceptions, as well needs. Personally since i use my CIT Bank offers free outgoing domestic wires domestic? against fraud theft of Card! To have appeared in the New York region a fee may also apply in order to receive international wire and! A $ 25 fee per transaction for outgoing wire transfers cost extra, though usually quick convenient. That happens within the same day if requested before the banks cutoff time transfer fee vary! Risk of nonpayment for political or financial reasons outgoing wires free of charge cookies will be stored in your only! Or to convert foreign currency account that waives wire transfer, see if they will take a plain electronic. Get offerswith no impact to your credit score LLC NMLS ID # 1427381 | NMLS Consumer access ( ). Pretty quickly as well but needs to be over the odds to make these wires. Notify us: additional protections for Mastercard Debit Cards from fees place to ensure happens... Mission is to provide readers with accurate and unbiased information, and not influenced by.! Pretty quickly as well but needs to be converted to naira from Europe my. A balance above $ 25,000 then the wire transfer fee will be deducted from your account balance things you a!
What are index funds and how do they work? Ranges that exist in the above table can be due to factors such as whether a wire transfer is made online or with a teller. If you are sending a wire transfer expect to pay between $15 $30. Also, remember, some banks charge an incoming wire fee, so even if you use one of the banks listed below to send the wire there might still be a charge for the recipient. However, for an exporter, this type of transaction may present more risk than cash paid in advance or a letter of credit, since there is no payment guarantee from a bank. If so its probably better for me compared to having to call someone at MS. Chuck PNC launched in-app wire a month or so ago. Bankrates editorial team writes on behalf of YOU the reader. wire fees are listed here: https://www.doctorofcredit.com/okcoin-crypto-exchange-promotions-10-referral-bonus-20-btc-hold-promotion-more/#comment-1358692. Learn More. Yet there are exceptions, as some institutions offer fee-free wire transfers and others charge more than $30. You can use this same number to receive international wire transfers to your Eastern Bank account. Free if processed online and in foreign currency worth at least $5,000 USD. WebEastern Savings Bank, fsb Executive Plaza 2 11350 McCormick Road, Suite 200 Hunt Valley, Maryland 21031 Phone: 410.785.2200 FedWire shortname: Eastern Balt Routing/ABA Number: 252070639 Please reference your account type and identifying number (such as your 10-digit account number) Generally, wires are processed by Documentary collections may be used when the added protection of a letter of credit is too expensive or not required based on the business and country involved. There may be a 1% foreign transaction fee (not sure if this applies), which is imposed by Visa. Thanks for getting in touch with finder. Western Unions website, for instance, lets you see an estimated quote of the fees being charged for a potential transfer. They will take the rate set by the market and apply a day rate margin to it. FedWire Routing; Bank Name: EASTERN BANK: Telegraphic Name: EASTERN BANK LYNN: City: BOSTON: State: MASSACHUSETTS (MA) Funds Transfer Status: Eligible: Book-Entry Securities: Eligible: Revised: 01 May 2002 Date of WebEastern Bank offers several products and services that allow you to easily and conveniently perform financial transactions electronically.