Chase can facilitate a wire transfer whether you want to transfer from the convenience of your home online, or in a local Chase branch. You can send a domestic or international wire transfer by filling out the appropriate form on their website, or by connecting with an agent in-person.
If you process your wire prior to 4 pm local time, you can expect your transfer to be completed within 1 business day for a domestic transaction and 3-5 business days for an international transaction.
Wire transfers tend to have significant fees, so in this article, we document everything you need to know about the costs and limitations of a Chase wire transfer.
How Much Does Chase Charge for a Wire Transfer in 2024?
Chase will charge between $0 to $50 for a wire transfer depending on the nature of the transaction. For example, a standard domestic wire transfer that is processed online will cost $25, while an international transfer can be free if the transfer exceeds $5,000.
With an idea of the different factors that impact the cost of a wire transfer, the table below gives us a breakdown of the standard fees for wire transfers nationwide.
| Bank Name | Domestic Fee | International Fee USD | International Fee Foreign Currency |
| Chase | $25.00-$35.00 | $40.00-$50.00 | $0.00-$5.00 |
| Bank of America | $30.00 | $45.00 | $0.00 |
| National Average | $26.00 | $42.00 | N/A |
| Bank of America | $30.00 | $45.00 | $0.00 |
| Capital One | $30.00 | $50.00 | $40.00 |
| Wells Fargo | $30.00 | $45.00 | $30.00 |
| CitiBank | $25.00 | $35.00 | $35.00 |
Based on this data, Chase has slightly below average wire transfer fees. What’s more, large international transactions will waive the outgoing wire fee.
Banks also charge their accounts for incoming transactions, so before you arrange to receive a wire transfer be sure you understand the fees that Chase will charge for an incoming domestic or international wire.
What is Chase’s Incoming Domestic Wire Transfer Fee?
Chase customers receiving an incoming wire transfer will be charged a $15 fee for all other domestic and international banks. However, Chase will not charge for wire transfers from one Chase account to another which is a considerable saving.
Chase generally has a much higher limit for wire transfers, so the best way to save money when receiving a domestic wire transfer is to send as much money as possible in one transaction. Unlike other banks, you will only need to pay the one-time flat fee, instead of multiple fees that pile up.
What is Chase’s Outgoing Domestic Wire Transfer Fee?
Chase charges $25.00 per outgoing wire transfer for transactions that are scheduled online. Wire transfers can also be facilitated in-person at a Chase branch for a slightly higher fee of $35.00. If possible, elect to do your wire transfer online which will bring your fees below the national average.
Compared with Bank of America, Chase has much higher limits to wire transfers allowing for transactions up to $100,000 per day. This can reduce the overall cost of larger wire transfers, whereas at other banks the transaction may need to be split up and subject to multiple fees.
International wire transfers are a commonly needed financial service for those with family abroad. Chase and other banks will charge a fee for such a service, but Chase may waive the fee for larger transactions.
What is Chase’s Incoming International Transfer Fee?
Chase charges $15.00 for an incoming wire transfer from an international bank other than Chase. This fee is comparable to other banks that generally charge around $15.00-$16.00 for similar transactions. However, unlike its competitors, Chase waives the fee when the wire transfer is coming from another Chase account abroad.
Like with domestic transfers, the best way to reduce fees besides both parties using Chase, is to maximize the $100,000 limit for larger transactions. For transactions over $1,000, Chase offers a lower overall cost to its customer because the $15.00 fee can cover more ground.
Still, $15.00-$35.00 is a significant fee even for large transactions. However, these Chase wire transfer fees can be waived if you meet certain criteria.
Can You Get Chase’s Wire Transfer Fee Waived?
Chase will waive the fee for a wire transfer if the transaction is between two Chase accounts. Chase will also waive incoming and outgoing wire depending on your checking account status. For example, Chase Sapphire Checking account holders automatically have wire transfer fees waived.
Here is a list of criteria to have wire transfer fees waived with Chase:
- All Chase Sapphire Checking account holders
- Chase Premier Plus Checking account holders who are active-duty military servicemembers.
- All Chase Private Client Checking account holders
- All Chase Private Savings account holders (incoming transfers only)
If you do not meet the above criteria, there may be nonbank services like Venmo and Western Union which can help reduce the cost.
How to Avoid Chase’s Wire Transfer Fees?
In addition to the recommendations in the previous section, the best way to avoid expensive wire transfer fees, one should consider using another payment app that is compatible with Chase. Apps like Venmo, Zelle, and PayPal can all be used to make electronic transactions from one bank to another.
For domestic transfers, there is a wide range of applications that can support this. Below is a list of key financial apps that can send money electronically for no fee.
• Venmo
• Cash App
• Zelle
• PayPal
For international transactions, Cash App has the best offer as it is available internationally and does not charge fees for making international transactions. PayPal also supports international transactions, but with a 5% fee, a large transfer would likely be more expensive than a wire transfer.
Ultimately, the best way to save money on bank-to-bank transactions can be to find an alternative to wiring money altogether.
Cheapest Way to Wire Transfer Money
If you are a Chase customer, the cheapest and most convenient option to transfer money would be to make a wire transfer from one Chase account to another. If the other party does not have a Chase account however, you may consider alternate nonbank transfer methods.
For domestic transactions, the best options are apps like Venmo and the Cash App. Meanwhile, for international, you may consider an institution like Western Union.
Finally, if you must facilitate a traditional wire transfer, it is best to transfer the largest sum possible for the banks you are working with. In almost all cases the bank charges a flat fee for wire transfer, so a $15 fee for a $1,500.00 wire transfer will get you more bang for your buck with the same fee for a $500 transfer.
