Chase Bank fast, secure international wire transfers | finder.com

Review: Chase international money transfers – April 2018

Enjoy safe, reliable international money transfers.

One of the largest banks in the US, Chase offers its customers a secure and convenient way to send money worldwide in more than 35 currencies.

Initiate a transfer online or by visiting a Chase branch to send money to many destinations around the world. You can check the status of your transfer through your Chase banking account.

With more than 5,400 branches, 15,500 ATMs and online, mobile and phone banking solutions, Chase offers its financial products and services to personal and business customers all over the US.

Transfer money directly from your bank account

Send one-off or scheduled transfers from your Chase bank account. It’s a convenient option for Chase customers, but getting a bank account through Chase just to make a transfer might be a bit much for most people.

How much will I pay to transfer money with Chase?

Chase Bank’s transfer fees depend on whether you’re sending or receiving an international wire transfer:

  • To send an international wire transfer at a branch, you’ll pay $45.
  • To send an international wire transfer online, you’ll pay $40.
  • To receive an international wire transfer to your account, you’ll pay $15.

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.

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, including OFX, HiFX, Transferwise and World First.

What types of transfers can I send 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 process 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.

Does Zelle work with Chase?

Yes. Chase customers can send money through Chase QuickPay with Zelle, a new peer-to-peer payment service, using the mobile app. Here’s what you need to do:

  1. Log in and select QuickPay with Zelle.
  2. Follow the onscreen instructions to select a recipient and enter the amount you want to send.
  3. Hit Send money.
  4. Check to make sure you got a confirmation that your money was sent.

What are the pros and cons of using Chase money 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.

How do I register and send money with Chase?

To send an international wire transfer, you first need to open a checking account.

Apply for an online checking account at Chase’s website with your:

  • Social Security Number.
  • Driver’s license or state-issued ID.
  • Name, address and phone number.

You’ll need to pay a deposit to open an account and then sign up for online banking. Once approved, you can initiate a transfer online or at your local Chase branch.

To transfer money online:

  1. Add a wire recipient. Under the Send Payments tab, select Add Wire Recipient. Provide your recipient’s name, address, country of resident and banking details.

2. Click Make a Transfer. After you’ve added your recipient, under the same Send Payments tab, select Schedule Wire or Make a Wire Transfer under quick links.

From there you can select the account you want to make the transfer from and select your recipient.

3. Enter your transfer details. How much you’re sending and in what currency.
4. Review your transaction details.
5. Confirm and send.

If you submit your wire transfer by 4 p.m. ET, it will be processed on the same business day.

Shopping for an alternative? Compare these services to Chase for sending money overseas.

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 wire transfer services with your international payment options from other banks and transfer providers to find the right transfer solution for your situation.

How does Chase money transfer compare to other services?

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 0.807 EUR 4,036 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
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USD 1 Within an hour USD 3.99 0.808 EUR 4,035 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 100 3 - 5 days USD 0.00 0.806 EUR 4,032 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
USD 1,000 1 day USD 0.00 0.804 EUR 4,018 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 3 - 5 days USD 50.00 0.810 EUR
4,009
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details

Compare up to 4 providers

Frequently asked questions about Chase international transfers

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6 Responses

  1. Default Gravatar
    nakiaApril 10, 2018

    why can i not trace a chase wire transfer as the recipient. the sender said it was sent but after a week i have nothing, i want to d=find out whats going on

    • Staff
      joelmarceloApril 11, 2018Staff

      Hi Nakia,

      Thanks for leaving a question on finder.

      If you logged in to your online bank account and still does not see the reflection of funds, I suggest that you visit a Chase branch during business hours, or call Chase from 8 a.m. to 8 p.m. ET to follow up and see what is causing the delay. Usually, the transfer will only take 3-5 days.

      Cheers,
      Joel

  2. Default Gravatar
    KennethApril 13, 2017

    My wife opened checking account with Chase. She needs to transfer money from bank in Turkey to her new account. The Turkish Bank has requested a 24 digit iban number. What is this number? How do we obtain it?

    • Staff
      HaroldJuly 9, 2017Staff

      Hi Kenneth,

      Thank you for your inquiry.

      Generally, International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. You can check this with your bank to make sure you have the correct information before you proceed on money transfer process.

      I hope this information has helped.

      Cheers,
      Harold

  3. Default Gravatar
    NaeemMarch 21, 2017

    Can I send a wire transfer to Pakistan?

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