Chase Large Transfers [2024 Guide]:How-to, Limits & Fees
Most Chase US account holders can send payments including wire and ACH transfers. To send a Chase international wire you can visit a branch or enrol in digital banking services to send money online and in the app. The Chase transfer limit which applies to your account can vary depending on transfer type, and your specific account details.
This guide explores the Chase bank transfer limit and also looks at alternative options like Wise which has progressive reductions on fees when sending over 25,000 USD in a month, and OFX which has no transfer fee and no maximum cap on the send amount.
Quick summary: Chase transfer limits
- Chase applies a variable limit to transfers including ACH payments and international wires – you can see these limits when you enroll in the transfer service
- You can not send a wire payment from Chase Secure Checking and Chase First Checking accounts
- Chase wires can cost from 0 USD – 50 USD depending on the account you hold, payment value and destination
- Incoming wire payments may have a fee of around 15 USD
- Chase Exchange rates will include a markup when you send money abroad
- You may find you can get a simple and cheap transaction experience if you choose an alternative provider like Wise or OFX instead of using your bank
Chase daily transfer limit: Variable limits apply based on account type and status. View your limits by logging into online or mobile banking, or calling the bank
Chase receiving limit: Variable limits apply based on account type and status. View your limits by logging into online or mobile banking, or calling the bank
| Chase large transfers pros | Chase large transfers cons |
|---|---|
| ✅ Chase maximum transfer limit varies depending on your account type ✅ Safe and familiar service, with in person support where needed ✅ Send payments online, in app and in a branch ✅ No transfer fee for higher value payments sent online | ❌ Chase exchange rates are likely to include a markup ❌ Incoming and outgoing wire payments may be subject to fees ❌ No discounts on high value transfers |
Chase is a popular bank in the US and supports customer payments to many countries and currencies. You can send a payment with Chase online or in the app once you have registered for wire transfers – or you can visit a branch. Some fees may apply to your Chase payment – including a higher charge if you need to get face to face service in a branch.
As well as Chase, it’s worth comparing services like Wise and OFX which support high value payments, with fair exchange rates and low overall costs. Wise also reduces the fee you pay, when you’re sending a higher value transfer. More on that later.
Can you send high value international transfers with Chase?
Chase states that it sets dynamic limits on the value of outgoing payments, which can depend on Chase criteria at the time of the payment, as well as how you typically use your account. You can see the Chase transfer limits which apply at the time you arrange your payment, when you log into your account. Or, if you’re arranging your payment in a branch, you can ask a member of staff there to tell you what your live limit is.
Chase transfer limits
The Chase money transfer limits which apply can vary depending on your account type, and also Chase’s own security criteria. This can mean that your account limit changes from time to time, so you will need to view it in the Chase digital banking system to know how much you can send. The maximum daily limit applicable to you will be displayed at the time you set up the transfer.
If you discover you can’t make the payment you were planning on making in the Chase app you may still be able to process a payment in a branch or by calling the bank. Or you could pick a Chase alternative instead – we’ve got a couple of suggestions below.
Alternatives to Chase with higher transfer limits
If you need to send a high value payment it’s worth comparing your options on convenience and cost. You might find that an alternative could offer you a better exchange rate, lower costs, or a quicker delivery time.
Here we’ve picked out OFX, Wise and Xe Money Transfer as some specialist services you might want to look at, which can support high value payments online and in app, with good exchange rates and low overall costs. Here’s how they measure up:
| Providers | International transfer limits | Transfer methods | Transfer fees & exchange rates |
|---|---|---|---|
| Chase | Variable limits based on account type and security criteria You may be able to send more by visiting a branch | Transfer online, in app or in person | 0 USD – 50 USD transfer fee Exchange rate includes a markup |
| OFX | No limit | Transfer online, in app or by phone | No transfer fee Exchange rate includes a markup |
| Wise | 1 million USD per payment Limits may var based on currency, usually around equivalent of 1m GBP | Transfer online or in app | Fee from 0.33% |
| Xe Money Transfer | 535,000 USD per payment | Transfer online or in app | Often no transfer fee Exchange rate includes a markup |
*Other limits may apply, depending on the payment method and destination country. Information correct at time of research – 2nd December 2024
OFX – usually no transfer limits apply
| OFX – best features for high value transfers |
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OFX allows customers to send money in 50+ currencies, all over the world. OFX does not charge US customers any transfer fee, although there is a fee included in the exchange rate that’s used to process your payment.
There’s no upper limit on the amount of money you can send with OFX. If you’re sending a high value payment you may need to talk it through with OFX using their 24/7 call line, to make sure you have all the right information and documentation to support your transfer. Some banks have a daily or per transfer limit on the amount you can send.
If your bank imposes a limit, OFX can accept partial payments for a transfer – so you can make several bank transfers to pass OFX the full amount required for processing.
Learn more about them on OFX Review
Wise – fee discounts on higher amounts over ~25k
| Wise – best features for high value transfers |
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Wise offers high value payments for individuals and businesses, to 160+ countries, with the mid-market exchange rate and low fees from 0.33%.
Wise is a secure provider which also offers volume discounts on fees, so the costs could be reduced if you use the service regularly or if you’re sending a large amount.
If you send more than the currency equivalent of 20,000 GBP a month (around 25,000 USD) you could get an automatic discount of up to 0.17%. There’s no need to pre-arrange the fee. Here’s how the Wise high value payment discounts break down:
| Payment volume (GBP) | Discount |
|---|---|
| Under 20,000/month | 0 |
| 20,000 – 300,000/month | 0.1% |
| 300,000 – 500,000/month | 0.15% |
| 500,000 – 1million/month | 0.16% |
| 1 million+/month | 0.17% |
The limits for Wise accounts held in licensed states, Guam and the Virgin Islands are as follows:
| Wise personal account transfer limit | Wise Business account transfer limit | |
|---|---|---|
| Per transfer | 1,000,000 USD | 1,000,000 USD |
| ACH | 50,000 USD per day 250,000 USD per 60 day period | 50,000 USD per day 400,000 USD per 60 day period |
| Debit or credit card | 2,000 USD per day 8,000 USD per week | 2,000 USD per day 8,000 USD per week |
If your account address is in Nevada, American Samoa, or Mariana Islands the limits are slightly different:
| Wise personal account transfer limit | |
|---|---|
| Per transfer | 50,000 USD |
| Per year | 250,000 USD |
| ACH limit | 10,000 USD per day 400,000 USD in a 60 day period |
*Correct at time of research – 2nd December 2024
Learn more about Wise transfer limits
Xe Money Transfer
| Xe Money Transfer – best features for high value transfers |
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With Xe Money Transfer you can send a payment online or in app to 130+ countries from the US, for personal or business use. Xe has a fixed limit of 535,000 USD or the currency equivalent per personal payment. This limit does not apply on business transfers.
Xe does not market volume discounts on fees or exchange rates, but if you’re using the service for a big transfer it may be worth calling them to check if there’s a good deal to be had.
Learn more about them on Xe money transfer review.
Chase high amount transfer fees
Chase transfer fees include an upfront transfer cost, as well as some fees which may be added into the exchange rate or paid to intermediaries which support the payment processing. Here’s a summary based on the popular Chase Total Checking account – other account types may have their own fee schedules so you’ll need to double check the details for your own account carefully:
| Payment type | Chase transfer fee |
|---|---|
| Incoming transfer | 15 USD, waived if the payment was sent from another Chase account |
| Domestic wire, send in branch or by phone | 35 USD |
| Online domestic wire | 25 USD |
| International wire, send in branch or by phone | 50 USD |
| Online international wire | 5 USD, waived for payments over 5,000 USD in value |
| International wire sent in USD | 40 USD |
*Correct at time of research – 2nd December 2024
Chase exchange rate for international transfers
Chase may add a variable exchange rate markup onto the rate you’re offered to convert your USD to the currency needed for deposit into your recipient’s account. This is a fee but it can be difficult to see before you initiate your payment.
Bank exchange rate margins may be around 3%, which quickly mounts up when higher value payments are involved. Here’s how the exchange rate markup builds up with a 3% margin used for different transfer values:
- Sending 1,000 USD – the exchange rate markup adds 30 USD to the total
- Sending 5,000 USD– the exchange rate markup adds 150 USD to the total
- Sending 50,000 USD – the exchange rate markup adds 1,500 USD to the total
Compare the exchange rate you’re quoted by Chase against the mid-market rate you can find online, to see the markup which has been applied to your specific transfer.
You can also choose a provider which doesn’t use a markup instead, like Wise. As ae’ve looked at a couple of good low cost alternatives to Chase later, including Wise and OFX.
Is Chase safe for large amount transfers?
Yes. Chase is safe to send money with – even when sending large amounts. You can rest assured Chase is properly regulated in the US and in other countries where it offers services. Chase also uses strong digital security measures to keep customers, their accounts and their data safe.
How long do large transfers take with Chase?
The amount of time it takes for any international or domestic payment to arrive can vary based on a broad range of factors like the value of the transfer and the currencies involved.
Chase states that payments may take 2 – 3 days.
You can also call Chase or log into your online banking to track a transfer and look for details of the anticipated arrival time.
How to send a large amount transfer with Chase
You can send a payment with Chase online, in the Chase app, by phone, or by visiting a branch. Teller assisted services have higher fees compared to self service digital options.
If you’re sending money online or in the mobile app you may need to enrol in the specific service before you can get started. Once you’re set up the process is pretty easy. Here’s how to send money in the Chase Mobile app:
- Sign in to the Chase app
- Tap Pay & transfer in the bottom menu
- Choose Wires and global transfers
- Choose your checking account and tap Next
- Follow the prompts to enter the amount, currency and the recipient’s information
- Check everything over and confirm the transfer
Information needed to send large amounts of money with Chase
The exact information needed to send a high value payment with Chase might depend on where you’re sending money to. Generally you’ll always be asked for the following:
- Recipient’s name and address
- Recipient’s bank account number or IBAN
- Recipient’s bank SWIFT code
You may also need to provide additional information based on the destination, as well as supporting documents proving the source of the funds.
Is it possible to increase Chase transfer limits?
Chase does not give specific information about how to increase transfer limits. As limits are set dynamically and taking into account the payment type as well as security information, you’ll need to get in touch with the bank directly to find out if you can increase your limit.
How to increase Chase transfer limits
Contact Chase directly either by phone or by visiting a branch, to see if you can increase your transfer limit. You may find you can increase your limit on a one off basis, or for a specific branch payment by providing additional information and documents for example.
How to receive large transfers with Chase
Chase doesn’t publish its limits for receiving transfers, but most banks set very high incoming payment limits, or don’t have any limit at all. You’ll usually pay 15 USD for any incoming wire, but this is waived if you’re being paid directly from another Chase account.
If someone is sending you a payment to a Chase account you must give them your Chase account number.
For a domestic wire transfer, you must also give the sender Chase’s routing number – 021000021. For an incoming international wire transfer, give the sender the Chase SWIFT number – CHASUS33.
Alternatives to Chase for receiving large payments
Receiving a large value payment to your Chase account is hassle free but can mean paying an incoming wire fee.
Transfers to your bank are also not always the fastest or cheapest option. If your sender is overseas, for example, you may find you get less than you expect because of third party charges involved in sending the payment via SWIFT.
You may avoid some of these costs if you choose to receive your payment to a specialist account which lets you receive payments in a foreign currency instead:
Wise Account review: Receive money with local and SWIFT account information in 8+ currencies, with quick payment options and low or no fees. Hold, send, or spend your money as you choose, with mid-market exchange rates
OFX Business Account review: Receive business payments in 7 major currencies to your OFX account, which you can use for future payments or withdraw to your US bank later. There’s no OFX fee to receive a payment in a foreign currency with your local account information
Chase business payments limits
Chase business payments are likely to be subject to dynamic limits which are set for security. You’ll be able to view the limits which apply to your account by logging into online or mobile banking, or by visiting a branch to ask a team member for support.
Chase customer support for high amount transfers
Chase can provide customer service face to face in a branch if you have any questions about your transfer. Bear in mind that setting up a Chase payment in a branch is likely to come with a much higher fee compared to using the online service though.
Once your payment is moving you can also get help by phone:
Chase phone number: 1-800-935-9935
Chase Spanish number: 1-877-312-4273
Conclusion: Does Chase have transfer limits?
Chase has dynamic limits which means that the amount you can send may be capped for security reasons. Limits might vary depending on your specific account type and how you use it, as well as Chase’s own internal criteria which are designed to keep customers and their accounts safe. You can view your own limits in the Chase app or by logging into your online banking service.
If you find you hit a Chase limit with your payment, or if you simply want to compare your options on features and fees, you may want to consider alternative services like Wise and OFX which both offer high value payments which can be arranged securely with low overall costs and a great exchange rate.
Chase transfer limits FAQs
How much can I transfer with Chase internationally online?
The Chase money transfer limits which apply can vary depending on your account type, and also Chase’s own security criteria. You can view your own limits in the Chase app or by logging into your online banking service.
What is the maximum amount you can transfer abroad with Chase?
Chase uses dynamic limits which can vary depending on various factors including account security rules. If you exceed your limit you can talk to a member of staff to increase your limit, or you could consider alternative services like Wise and OFX which both offer low cost high value digital payments.
How can I increase the Chase maximum transfer limit?
Contact Chase directly either by phone or by visiting a branch, to see if you can increase your transfer limit.
