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What Is a Wire Transfer Fee?Chase Bank charges customers a fee to receive and send money, or transfer money, via domestic wire transfer and international wire transfer. Chase wire transfers, sometimes called bank transfers or credit transfers, are a way to electronically move funds from one bank account to another. Different fees apply if you are dealing with an incoming Chase domestic wire transfer, incoming Chase international wire transfer, outgoing Chase domestic wire transfer, or outgoing Chase international wire transfer. Whether the money is sent in U.S. dollars (USD) or foreign currency (FX) can also impact how much your Chase Bank wire transfer fees are. Depending on the type of Chase bank account that you have, you may be able to get domestic wire transfer fees and international wire transfer fees waived when you transfer money. How Much Do Chase Wire Transfer Fees Cost?Whether you are sending or receiving the Chase wire transfer, as well as whether you are doing a domestic wire transfer or international wire transfer determines how much you will pay. Domestic and international incoming wire transfers
Domestic wire transfers
Online domestic wire transfers
Consumer USD/FX international wire transfers
Consumer online USD international wire transfers
Consumer online FX international wire transfers
Related FeesThere may be a foreign transaction charge involved in international wire transfers through Chase Bank. Your bank (the sender of the wire transfer) may automatically charge you a fee for foreign currency exchange based on foreign exchange rates. If your bank does not automatically convert your money, international banks can impose an interbank or mid-market exchange rate, which you would be forced to pay for as well. Special ConsiderationsSome Chase account holders are exempt from paying wire transfer fees. The following account holders do not have to pay wire transfer fees:
How to Send Chase Bank Wire TransfersTo send Chase Bank wire transfers domestically:
How to Avoid Wire Transfer FeesIt may seem counterintuitive to be charged money in order to send money to a different account. However, fees are a major source of income for financial institutions, and when you wire money, it does take the bank time and effort to complete the transaction. Fortunately, there are a few things that you can do to minimize the chance that you will get stuck with Chase Bank wire transfer fees. Consider fee-free payment optionsBefore doling out money to transfer funds from here to there, you should do some research to find another option that won’t burn a hole in your wallet. Digital payment companies, such as Zelle and Venmo, enable you to receive and wire money in real time and free of charge. When using an online banking option, you should still check with Chase Bank that you are not on the hook for additional charges. Open a fee-free accountOne way to avoid incurring a fee when you wire money is to open a fee-free account. Some circumstances are unavoidable so having a fee-free account protects you if you cannot avoid incurring a bank fee. If you decide that you need to send money via wire transfer, it can also pay off to find a bank that charges the least amount in fees for such transfers. Some banks have absolutely no fees, while other banks have minimal fees. How to Get a Wire Transfer Fee RefundIt can be challenging to successfully negotiate a wire transfer fee refund with Chase Bank, but it’s not a lost cause. There are a couple of things that you can do to increase your chances of success. Note that these suggestions apply for negotiating Chase fees if you send an international wire transfer but may not apply to fees imposed by the foreign financial institution. Properly prepare for your negotiationHave all personal information ready when you contact Chase customer service, including your name, account number, when you completed the transfer, and any other necessary information that will help you feel prepared. Introduce yourselfStart with: “Hello. My name is [your name], and I recently received a fee after conducting a wire transfer. I’m contacting you to see if you would be willing to issue me a refund.” Present your points of leverage
Are you facing financial hardship as a result of COVID-19? Is this your first time requesting a wire transfer fee refund from Chase? Was it a one-time wire transfer? Do you not send wire transfers frequently? Be patient, persistent, and prepared not to get a refundRemember that the customer service representative that you are speaking with likely didn’t write the rules on bank fee refunds. No matter how the conversation is going, be calm and polite to the representative. In these situations, a little kindness can go a long way toward helping you achieve your goal — in this case, getting a refund. You can be kind but also be persistent. The representative will likely tell you that they can not issue you a refund right off the bat. That is okay and highly likely. At this point, you can present whatever points of leverage that you’ve prepared to try to get the representative to see things from your point of view. If you’re not able to make progress with one customer service representative, you can always ask to speak with a supervisor, or call back at a later date to speak with someone new. Finally, you should go into the conversation knowing that not every negotiation will end positively for you. In fact, the more often that you incur and attempt to negotiate fees, the less likely that your bank might be to negotiate them. If you do not win one negotiation, try to remain positive and focus on avoiding fees when you send money in the future. Find Chase Bank’s complete fee schedule here. Cushion helps you waste less money, save more, and live a financially healthier life. We monitor your bank and credit card accounts 24/7, find and alert you about pesky fees, let you know which fees are negotiable, which banks are cooperative, and can even automatically negotiate on your behalf.* To date, Cushion has secured customers more than $13 million in bank and credit card fee refunds—and we’re just getting started. *Cushion only negotiates fees with high refund odds. We cannot guarantee any negotiations, a regular frequency of negotiations, or fee refunds—your bank makes the final call. Leave a ReplyTrack and pay all of your Buy Now Pay Later installments in one place. Join the waitlist for a new Cushion offering coming soon!Signup for our newsletter to receive product updates, financial tips, & more. What information do I need to receive a wire transfer to my Chase account?The sender's bank account and transit number. The recipient's full name and contact information. The recipient's bank account information and transit number. The recipient's ABA routing number.
Can my Chase account accept wire transfers?Activate the Chase Mobile® App to send wire transfers and add recipients: Sign in to the Chase Mobile® app, tap "Pay & Transfer" Tap "Wires & global transfers" , "Get started" and "Next"
How do I receive a wire transfer?In order for you (the recipient) to receive the funds, the sender needs to know:. Your full name, as it appears on the account.. Your full account number.. For domestic wires, your routing number.. For international wires, they need to use a Swift Code instead of the routing number. ... . The address for incoming wire transfers is:. How can someone send money to my Chase account?Send money. Sign in to the Chase Mobile® app and tap "Pay and Transfer". Tap "Send money with Zelle®". Choose the person you want to pay or add a new one.. Enter the amount to send and the account to use.. If you want to setup a recurring payment you can enter those details too.. Tap "Review & send". |