Breaking Down Chase International Wire Transfer Fees and Sending Limits

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When you use Chase for an international wire transfer, you pay different fees based on how you send money and the type of currency. Chase charges $40 to send U.S. dollars online and $5 for foreign currency wires online. If you send $5,000 or more in foreign currency, Chase waives the fee. Sending money in person costs $50. The daily transfer limit is $250,000. Here is a quick look at the main fees and limits:

You should always check both the fees and limits before starting a Chase international wire transfer. Knowing the costs helps you avoid surprises.

Key Takeaways

• Chase charges $40 for sending U.S. dollars online and $5 for foreign currency under $5,000; sending $5,000 or more in foreign currency online has no fee.
• In-person wire transfers cost $50, and the daily transfer limit is $250,000 for both online and branch transfers.
• Sending wire transfers online saves money and time compared to visiting a branch.
• Chase exchange rates include a markup, which can reduce the amount the recipient gets; always compare rates before sending.
• Plan your transfer before 4 PM Eastern Time to ensure same-day processing and double-check all recipient details to avoid delays or extra costs.

Fees and Limits

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Fee Table

You need to know the exact fees before you send a chase international wire transfer. Chase charges different amounts depending on how you send money and the type of currency. Here is a table that shows the most recent chase bank international wire transfer fee structure:

You pay $40 if you send USD online. If you send foreign currency online and the amount is less than $5,000, you pay $5. If you send $5,000 or more in foreign currency, Chase waives the fee. If you go to a branch, you pay $50 for any outgoing international wire transfer. For incoming wires, you pay $15, but Chase sometimes waives this fee if you receive the money through their online platform.

Note: Always check the latest chase bank wire transfer fees before you send money. Fees can change, and you want to avoid surprises.

Online vs. In-Branch

You can send a chase international wire transfer either online or by visiting a branch. The method you choose affects the fee you pay. Online transfers usually cost less. If you send an international wire transfer online, you pay $40 for USD or $5 for foreign currency under $5,000. If you go to a branch, you pay $50 for any outgoing wire transfer.

A separate table from Chase shows that some international wire transfer fees can be as low as $25 online and $35 in-branch, but the most common fees are $40 online and $50 in-branch for outgoing wires. Always check your account details to confirm the exact fee for your transfer.

You save money by sending your chase bank wire transfer online. You also save time because you do not need to visit a branch. If you need help or want to send a large amount, you might choose the branch even though the fee is higher.

Daily Limits

Chase sets a daily transfer limit for international wire transfers. The daily wire transfer limit is $250,000 per business day. This limit applies to both online and in-branch transfers. You cannot send more than this amount in one day, no matter how many transfers you make.

Chase does not list a monthly limit for international wire transfers. The daily transfer limit is the main rule you need to follow. The cut-off time for same-day processing is 4pm EST. If you send a wire transfer after this time, Chase processes it the next business day.

Tip: Plan your chase bank wire transfer early in the day to make sure it goes out on time. If you need to send more than $250,000, you must split the amount over several days.

You should always check your own account for any special limits. Some account types may have different rules, but most personal accounts follow the $250,000 daily transfer limit.

Sending and Receiving Fees

chase international wire transfer

When you send a chase international wire transfer, you pay different wire transfer fees based on how you send money and the amount. Outgoing international wire transfer fees are usually higher than the fees you pay to receive an international wire transfer. If you send money online in U.S. dollars, you pay $40. If you send foreign currency online and the amount is less than $5,000, you pay $5. For amounts of $5,000 or more in foreign currency, you pay no fee. If you need help from a banker, the fee is $50 for any outgoing international wire transfer.

Here is a table that compares the main wire transfer fees:

You can see that outgoing international wire transfer fees are much higher than incoming wire transfer fees.

chase international incoming wire transfer fees

When you receive an international wire transfer, Chase usually charges a $15 fee. If the money comes from another Chase account, you pay no fee. This international incoming wire fee is lower than the fee for sending money. You should always check your account details because some accounts may offer free international incoming wire transfers. The incoming wire transfer fees do not include extra costs from other banks.

Note: Some banks in Hong Kong may also charge a fee when you receive an international wire transfer, so ask the sender to check with their bank.

Fee Waivers

You can avoid some wire transfer fees if you have certain Chase accounts. Chase Private Client Checking and Chase Sapphire checking accounts offer free incoming and outgoing wire transfers. If you link your Chase Savings account to a Chase Private Client Checking account, you can also get fee waivers. You must speak with a Chase Private Client Banker to learn about all the benefits and eligibility rules.

• Chase Private Client Checking accounts include a ‘No Chase Fee’ benefit for wire transfers.
• Online transfers through chase.com or the Chase Mobile app cost less than in-person or phone transfers.

Tip: Even if you get a fee waiver, you may still pay extra costs like exchange rate spreads or fees from other banks.

Exchange Rates and Extra Costs

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international wire transfer rates

When you send an international wire transfer with Chase, you need to pay attention to more than just the flat fees. The exchange rate plays a big role in how much money the recipient gets. Chase uses its own exchange rates, called chase exchange rates, which include a markup over the mid-market rate. This markup usually ranges from 2% to 7%. Because of this, you receive less foreign currency for every U.S. dollar you send.

• Chase applies a markup on the mid-market rate, making their rates less favorable.
• The markup can be as high as 7%, which means you lose value during conversion.
• If you send money when the market is closed, Chase may use the previous day’s rate, which might not be the best available.
• Specialized services like TransferWise or OFX often offer rates closer to the mid-market rate and lower fees.

You should always compare chase exchange rates with other providers before making a transfer. The chase currency conversion fee is a hidden cost that can make your international wire transfer more expensive than you expect. By checking the conversion rate, you can see how much money will actually arrive.

Tip: Always check the current exchange rate and total conversion cost before sending your wire transfer. This helps you avoid surprises and get the best deal.

Intermediary Bank Fees

When you send an international wire transfer, the money may pass through one or more intermediary banks before reaching the final recipient. These banks can charge extra fees, which add to the total cost of your transfer.

• Intermediary bank fees usually range from $15 to $30 per transfer.
• If your transfer goes through several banks, the total fees can increase.
• Sometimes, these extra fees can double the original wire transfer cost.
• You may not know in advance who will pay these fees—the sender or the recipient.
• The total cost can be unpredictable because Chase does not always show these fees upfront.

For example, you might pay $40 to Chase for a wire transfer, but after intermediary bank fees, the total cost could reach $100. These extra charges make it hard to know exactly how much money will arrive. Hong Kong banks may also charge their own fees when receiving funds.

Note: Always ask about possible intermediary bank fees before sending your international wire transfer. This helps you plan for the full cost and avoid surprises.

How to Make a Chase International Wire Transfer

Step-by-Step Process

You can make a chase international wire transfer online or at a branch. The online process is simple and saves you time. Here is how you do it:

1. Log in to your Chase online banking or mobile app.
2. Go to the “Pay & Transfer” section and select “Wire Money.”
3. Choose “Add Recipient” and enter the recipient’s details.
4. Enter the recipient’s bank information, including the SWIFT code and account number.
5. Enter the amount you want to send and select the currency.
6. Review all details carefully to avoid mistakes.
7. Confirm and submit your wire transfer.

If you visit a branch, bring your government-issued photo ID. A banker will help you fill out the wire transfer form.

Tip: Always double-check the recipient’s information before you submit your transfer. Mistakes can cause delays or lost funds.

Required Information

To make a chase international wire transfer, you need to provide specific details. Chase requires the following:

• Your valid government-issued photo ID or driver’s license.
• Your full name and contact information.
• Your bank account and transit number.
• The recipient’s full name and contact information.
• The recipient’s bank account number and transit number.
• The recipient’s SWIFT code (bank identification code). Chase does not use IBANs.
• The recipient’s ABA routing number if needed.

Chase uses the SWIFT code CHASUS33 for incoming international wires. Always verify all details to avoid errors or scams.

Processing Times

Chase processes international wire transfers quickly if you meet the cut-off time. For personal accounts, the cut-off is 4 PM Eastern Time. For business accounts, it is 5 PM Eastern Time. Transfers sent before the cut-off are processed the same day. If you send your wire transfer after the cut-off, Chase processes it the next business day.

Most international wire transfers take 1 to 5 business days to reach the recipient. Delays can happen for several reasons:

• Bank holidays in the recipient’s country.
• Intermediary banks involved in the transfer.
• Anti-fraud or regulatory checks.
• Errors in recipient details.
• Weekends and time zone differences.

Note: Plan ahead and send your wire transfer early to avoid delays, especially if you need the funds to arrive by a certain date.

Tips to Save on Chase Bank Wire Transfer

Use Online Transfers

You can save money by choosing online transfers instead of visiting a branch. When you use the online platform for a chase bank wire transfer, you pay $40 for sending USD and as little as $5 for sending foreign currency under $5,000. In-branch transfers cost $50, which is higher. Online transfers also save you time because you do not need to wait in line or fill out paper forms. You can complete the process from your computer or phone. This method gives you more control over your transfer and helps you track the status easily.

Tip: Always double-check the recipient’s details before you submit your online transfer. This helps you avoid delays and extra costs.

Send in Local Currency

When you send international wire transfers in the recipient’s local currency, you can help them avoid extra conversion costs. This approach offers several benefits:

• Reduces conversion costs for the recipient.
• Simplifies payment scheduling.
• Lets you use the Chase Global Transfer calculator to see both USD and local currency amounts.
• Speeds up the crediting of funds and helps avoid delays.

Sending in local currency often means the recipient gets more money and receives it faster. You also make the process easier for both you and the recipient.

Compare Alternatives

You should always compare chase bank wire transfer costs with other providers. Many banks, including Chase, add a markup to the exchange rate, which increases the total cost. Some specialist services, like Wise, use the mid-market rate and charge lower fees. This can help you get better rates and lower fees.

Wise also offers multi-currency accounts and avoids correspondent bank fees, which can make a big difference for business users.

Here is a chart comparing incoming wire fees for several banks and providers:

When you look at chase vs. other banks, you see that specialist providers often offer lower fees and better rates. Always review your options before you send money abroad.

You should always review the total cost before sending money abroad. Here is a summary of the most important details:

• Log into your account to check your own limits and fee schedule.
• Compare transfer providers to find better rates and lower fees.
• Double-check all recipient details to avoid delays or extra charges.

Always understand every part of the process so you do not face unexpected costs.

FAQ

What is the cut-off time for Chase international wire transfers?

You must submit your wire transfer by 4 PM Eastern Time for personal accounts. Business accounts have a 5 PM cut-off. Transfers after these times process the next business day.

Can you cancel a Chase international wire transfer?

You can cancel your wire transfer if Chase has not processed it yet. Contact Chase customer service as soon as possible. Once the transfer leaves your account, cancellation becomes difficult.

How long does a Chase international wire transfer take?

Most Chase international wire transfers arrive within 1 to 5 business days. Processing time depends on the recipient’s bank, time zones, and any intermediary banks involved.

What information do you need to send a Chase international wire transfer?

Always double-check these details before sending your transfer. Mistakes can cause delays or lost funds.

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