Chase Bank wire transfer review
A quick, easy way to send money around the world - but not available in Canada.
Chase offers the convenience of sending secure international wire transfers online or at a local bank branch (available in the US only) — but watch out for member requirements and high fees.
How do I send money overseas with Chase?
Chase Bank does not operate in Canada. To send an international wire transfer with Chase, you first need to open a US chequing account. Once you’ve set up your account, take these steps to transfer money online:
- Add a wire recipient to your account.
- Click Make a Wire Transfer and enter your transfer details.
- Review your transaction details and send your funds.
Chase bank wire fees
Chase Bank’s transfer fees depend on how you’re sending the transfer and whether you’re sending or receiving an international wire transfer:
| Outgoing (from online) | Outgoing (from a Chase branch) | Incoming | Between Chase accounts | |
|---|---|---|---|---|
| Domestic wire transfer | $25 | $35 | $15 | $0 |
| International wire transfer | $40 | $50 | $15 | $0 |
| International wire transfer (in foreign currency) | $5 | $50 | $15 | $0 |
Note: Wire transfer fees are in USD from March 2020 for Chase Total Chequing accounts.
Chase offers lower fees when transferring using its foreign currency exchange option, but keep in mind that the exchange rate offered by Chase may be far weaker than money transfer competitors. Because of this the bottom option, International wire transfer (in foreign currency), may seem far cheaper than the other options until you take into account the exchange rate attached to it.
How are Chase’s exchange rates?
Like any large bank, Chase updates its rates regularly in line with global currency market fluctuations. Its exchange rates are similar to those offered by other large US banks but not as attractive as the rates you’ll get by using an independent money transfer specialist.
MUST READ: Who charges less?
Independent transfer services usually win out over banks when it comes to fees. There are several providers who will send a transfer for free with competitive exchange rates.
- Wise is a peer-to-peer transfer service that uses the mid-market rate — the rate banks and transfer services use when they trade among themselves — so you can be certain you’re getting the best exchange rate on your transfer.
Available currencies and countries
Send money in more than 40 currencies to more than 90 countries worldwide.
As a general rule, you will not be able to transfer money to the following countries due to US sanctions:
- Afghanistan
- Belarus
- Iran
- Iraq
- Lebanon
- Liberia
- Libya
- Myanmar
- Sierra Leone
- Syria
How does Chase compare to other services?
Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
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What types of transfers can I make with Chase?
You have two options for transferring money with Chase:
- One-off transfers. Make a one-time wire transfer.
- Recurring transfers. Schedule a repeating wire transfer.
You can send your international wire transfer on the same day or initiate a transfer for a future date online or at a Chase bank branch. If you submit your transfer by 4 p.m. ET, it will be processed the same business day.
With online banking, you can send repeat wire transfers to the same recipient and delegate others to request and approve wire transfers.
What are the pros and cons of using Chase wire transfers?
Pros
- Secure transfers. Wire transfers are a safe, reliable way to send money to international bank accounts.
- Trusted institution. Chase is ranked No. 1 for customer satisfaction in the large bank category for three consecutive years by the American Customer Satisfaction Index.
- Financial strength. Chase is backed by JP Morgan Chase & Co., a leading global financial services firm.
- Easy process. Chase provides step-by-step instructions for hassle-free money transfers.
Cons
- High fees. You’ll pay more in fees than you would by going with an independent money transfer provider.
- Chase customers only. You need to bank with Chase and set up a checking account to make a transfer.
What are the transfer limits?
The total daily limit on wire transactions with Chase is $100,000 or your available balance. Business customers can request a higher limit.
How do I track my Chase wire transfer?
Easily check the progress of a transfer through your online banking account, by visiting a branch location or by calling Chase’s customer service line between 8 a.m. and 8 p.m. ET at 800-935-9935.
Does Zelle work with Chase?
Yes. Chase customers can send money through Chase QuickPay with Zelle, a peer-to-peer payment service, using the mobile app. Here’s what you need to do:
- Log in and select QuickPay with Zelle.
- Follow the onscreen instructions to select a recipient and enter the amount you want to send.
- Hit Send money.
- Check to make sure you got a confirmation that your money was sent.
Chase SWIFT/BIC information
Use SWIFT/BIC information to track your transfer. It may also be necessary when wiring money abroad.
| Bank name | SWIFT/BIC | Bank address | Recipient’s name | Recipient’s account number |
|---|---|---|---|---|
| JP Morgan Chase Bank | CHASUS33 | Chase Bank, 270 Park Avenue, New York, NY 10017 | Beneficiary’s name as it appears on the bank statement | Complete bank account number |
Bottom line
Chase is a safe, reliable way to send money overseas. But you’ll pay a sizable transfer fee to get your funds to your recipient.
Compare Chase’s international and domestic wire transfer services with your other options from domestic and international senders like Google Pay, PayPal, MoneyGram and more to find the right transfer solution for your situation.
Frequently asked questions
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