CurrencyFair
Chase Bank serves nearly half of US households with a broad range of financial products. Its wire transfer service allows you to send money abroad in over 40 currencies to more than 90 countries worldwide. You can choose between sending secure international money transfers online or at one of its 4,700 branch locations nationwide. Just be aware of member requirements, weak exchange rates and comparatively high transfer fees.
The Chase wire transfer fee you’ll pay depends on how you’re sending the transfer and whether you’re sending or receiving an international or domestic wire transfer. All transfers between Chase accounts are fee-free.
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 other money transfer providers.
| Outgoing (from online) | Outgoing (from a Chase branch) | Incoming | Between Chase accounts | |
|---|---|---|---|---|
| Chase domestic wire transfer | $25 | $35 | $15 | $0 |
| Chase international wire transfer | $40 | $50 | $15 | $0 |
| Chase international wire transfer (in foreign currency) | $5 ($0 for transfers of $5,000 or more) | $50 | $15 | $0 |
Like any large bank, Chase updates its rates in line with global currency market fluctuations. The Chase currency exchange rates you’ll be offered are similar to those of other large US banks but not as competitive as the rates you’ll get from a money transfer specialist.
It’s worth keeping in mind that Chase Bank’s wire transfer service adds a 4-7% margin on top of the mid-market exchange rate for international transfers. Therefore, it is best to compare the displayed rate on Chase with the current interbank rate to work out the size of this margin.
Chase Bank allows you to send money in more than 40 currencies to over 90 countries worldwide, including:
You have two options for transferring money with Chase:
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.
Through Chase’s online banking service, you can send repeat wire transfers to the same recipient and delegate others to request and approve wire transfers.
Chase only allows payment via bank transfer. You also need a checking account with Chase Bank to use its international money transfer service.
Domestic wire transfers usually take 1-2 working days for the funds to be received, while international wire transfers can take anywhere from 3-5 business days. It’s also important to note that Chase’s total wire transfer limit is $250,000 per business day, and the wire cut-off time is 4 p.m. ET. If you submit your request after this cut-off, it will be processed the next business day.
Transfers typically take
To send an international wire transfer with Chase, you first need to open a checking account. Once you’ve set this up, you can take these steps to transfer money online:
Chase Bank caters to nearly half of US households and is backed by JP Morgan Chase &Co, a leading global financial services firm. It has more than 4,700 branches and 16,000 ATMs nationwide. Chase Bank has multiple security features to keep your money safe, including multi-step authentication checks, fraud monitoring, secure messages and encryption technology.
Chase Bank is regulated by the Office of the Comptroller of the Currency (OCC).
If you want to see how Chase Bank compares to the exchange rates and fees offered by other money transfer services, enter your transaction details into the table below.
The Federal Reserve is launching its own instant-payment system called FedNow, advertising a staggering delivery speed of seconds.
Using international money orders to send money overseas? Learn about better options.
Transfer agents, mobile wallets and online credit card payments don’t necessarily require a bank account.
Learn how to find a Ria location for cash pickup or transfer.
Learn how to find a Walmart location to pick up or transfer cash.
Instarem offers no-margin, mid-market rates for some of your money transfers.
How do you know if your international money transfer made it safely? Learn how to track or cancel, and find out what your rights are when it comes to sending money.
Looking for higher transfer limits and lower fees? Explore these WorldRemit alternatives to find a good deal.
Western Union’s extensive global network comes with high fees and weak exchange rates, use these alternatives to look for a better deal.
Compare MoneyGram with competitive alternatives to find the best deal for your transfer.
Please answer the question about the minimum transfer amount from a Chase bank to a Russian bank Sberbank! They send me a letter stating that they cannot send the sum of $ 1100, but $ 1800 is already possible. Is this true and what are these new requirements for sending funds?
Hi Egor,
Thanks for your question.
There is no minimum transfer limit for Chase Bank but it has a daily limit of $100,000 on wire transfers.
I’m not sure why you are unable to send the full $1,100 to your recipient. You may have to contact Chase at 800-935-9935 to check why.
The requirements for sending money to Russia from a Chase bank account include the receiver’s bank account information, international bank account number (IBAN) and international bank identifier code (BIC), or the receiving country equivalent.
There are other ways to send money to Russia. So be sure to check them out to know your alternative options.
I hope this helps.
Cheers,
Anndy
Hi I’m from South Africa and awaiting funds from the USA, how much will i be charged to receive payment?
Hi John,
Thanks for leaving a question on finder.
Chase Bank charges varying fees depending on whether you’re sending or receiving an international wire transfer:
– Outgoing fee. $40
– Incoming fee. $15 (waived for Chase Premiere Platinum accounts)
If you do not have a Chase bank account, you may want to check with your bank directly on what other charges they might have. Please note that there may also be intermediary fees on top of your bank fees.
Please send me a message if you need anything else. :)
Cheers,
Joel
how can i deposit money from Bangladesh to my chase checking account in USA?
Hi Zaman,
Thanks for reaching out to Finder.
You can deposit the money by doing a bank to bank transfer or by using an independent money transfer company.
You can initiate an international bank transfer online- by logging in to your Bangladesh online baking account. If your bank in Bangladesh does not have online banking service, you can visit your bank’s nearest branch to do the deposit or transfer in person.
If the bank-to-bank transfer is not an option for you, you can use international transfer providers to deposit the money to your Chase bank account. You can then choose to send the money online or by visiting an agent location.
I hope this helps.
Cheers,
Charisse
How can I pay online the amount from my chase bank account to australia with bsb and account number?
Thank you
Hi Ron,
Thank you for leaving a question.
If you are referring about transferring an amount to Australia with BSB, this is currently not being offered by Chase since Chase could only make transfers via the clearXchange Payments Network. The participating banks are as follows:
Bank of America
Capital One P2P Payments
Chase QuickPay
FirstBank Person to Person Transfers
Frost Send Money
U.S. Bank Send Money
Wells Fargo SurePay
You may need to reach out to a money transfer company that offers bank transfers for you to be able to complete your transaction. Hope this helps!
Cheers,
Reggie
I have a transfer coming from france to Chase USA, what information do I need to make the transfer?
Hi Ann,
Thanks for reaching out.
If you are sending an international money transfer to a Chase bank account, you will need these wire details: bank name, bank address and the Chase bank SWIFT Code.
Hope this helps,
Joanne