- Great for secure and convenient transfers with a trusted institution.
- Not so great for non-Chase Bank customers.
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.
Why should I consider Chase Bank?
- Secure transfers. Wire transfers are a secure and reliable way to send money to international bank accounts.
- Trusted institution. Chase is backed by JP Morgan Chase & Co and has ranked No.1 for customer satisfaction in the large bank category for three consecutive years by the American Customer Satisfaction Index.
- Easy process. Chase provides step-by-step instructions for hassle-free money transfers.
What to be aware of
- Transfer fees. Chase Bank wire transfer fees are typically more than you would find with an independent money transfer provider.
- Chase customers only. You need to bank with Chase and set up a checking account to make a wire transfer.
- Weak exchange rates. International money transfer specialists usually offer better exchange rates than most banks.
How much are Chase wire 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 money transfer competitors.
|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|
How are Chase Bank’s exchange rates?
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 by using a money transfer specialist.
It’s worth keeping in mind that Chase Bank’s wire transfer service adds a 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:
- AUD Australian dollar
- CAD Canadian dollar
- DKK Danish krone
- EUR Euro
- GBP British pound
- HKD Hong Kong Dollar
- INR Indian rupee
- JPY Japanese yen
What are the ways I can send money abroad with Chase Bank?
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 pm 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.
What payment methods does Chase Bank accept?
Chase only allows payment via bank transfer. You will also need to have a checking account with Chase Bank in order to use its international money transfer service.
How long does a transfer with Chase Bank take?
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 pm EST. If you submit your request after this cut-off, it will be processed the next business day.
Transfers typically take
How to make your first wire transfer with Chase Bank
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:
Making an international wire transfer with Chase Bank
- Add a wire recipient to your account. You will need to provide their full name, physical address, country and a nickname.
- Fill in the recipient’s bank information. This includes your recipient’s IBAN number.
- Review the transaction details. Confirm your transfer details and send your funds.
Is Chase Bank safe to use?
- Regulation: Regulated by the Office of the Comptroller of the Currency
- Security: Multiple authentication checks, fraud monitoring, 128-bit encryption technology
- Established: 1955
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 17,000 ATMs nationwide. Chase Bank has multiple security features in place to keep your money safe. Including multistep authentication checks, fraud monitoring, secure messages and encryption technology.
How does Chase Bank compare to other money transfer services?
If you want to see how Chase Bank compares to the exchange rates and fees offered by other money transfer services, enter the details of your transaction into the table below.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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