How to Do a Wire Transfer with Chase?

According to the recent Fedwire Funds Service report, the volume of bank wires grew by 8.6% in 2024 compared to the previous year. This fast and secure payment method has been on the rise for some time, and all major banks like Chase support it. In this article, we’ll explain how to send, receive, track, and cancel a wire transfer via Chase, and discuss all the variations of the Chase Bank wire transfer fee.

How to Send a Chase Bank Wire Transfer: Essential Steps

Unlike other types of electronic transfers, wires are usually processed in real time, making them ideal for time-sensitive or high-value transactions. Wire transfers are more secure and reliable than other sending methods, as they are closely monitored by both the sending and receiving banks.

If you create a Chase bank account, wire transfers won’t cause you much trouble. Still, before initiating a wire, consider the following:

• Account Verification: Make sure you have an active Chase checking or savings account.
• Recipient’s Info: To send funds, you will have to provide the recipient’s full name, country, their bank's name, routing number (for domestic wires) or IBAN (for international wires), and account number.
• Transfer Method: You can choose between online banking, using a mobile app, calling a help rep, or visiting a Chase branch.
• Identity Check: To create a wire, the bank will ask you to verify your identity by providing your passport or driver’s license. So, make sure you have one of those docs at hand.

By the way, did you know that you can get a free notary at Chase Bank? Check our article on the topic if you want to find out more about this offer!

Steps to Wire Money with Chase

Here is how to wire money through Chase without leaving your home:

1. Log in to your Chase account and select “Wires” in the “Pay and Transfer” section.
2. Here, you can choose between sending a domestic or international wire.
3. If you’re sending money to this recipient for the first time, you will have to fill in their data. The bank will also ask you to verify the payment details by sending an activation code to your phone. You can also save the recipient's details for future transactions or even set recurring payments.
4. Enter the amount you want to send.
5. Double-check all the details you’ve entered for typing errors before you complete the operation. At this point, the bank might ask you to verify your identity.
6. Once the process is complete, you’ll receive a confirmation number or an email verifying the payment.

How long does a Chase Bank wire transfer usually take? If requested before 4 p.m., all wires are processed the same day. Domestic bank transfers are usually received within 24 hours, while international ones take 2–5 business days to arrive.

Wire Transfer Fees

Wires are the ultimate fraud-proof transfer tool, but the Chase wire transfer fee is also quite substantial. Make sure you have enough funds in your account to cover those charges when creating a wire!

If you’re indeed a customer and struggle with fees, you can learn how to avoid Chase monthly fees in our article.

Receiving a Wire Transfer to Your Chase Account?

If you came here looking for Chase Bank receiving wire transfer instructions, here’s a list of the info you’ll need to provide:

• Your full name as it appears on your account and address;
• Your Chase bank account number;
• Chase routing number specific to your account (normally, varies by the branch);
• Chase Bank’s SWIFT code for international wires.

Chase charges a fixed fee for incoming domestic and incoming international wires (typically $15), but it can be waived if the wire was sent from a Chase account; check the fee schedule for exact conditions.

Chase doesn’t specify processing times for incoming wires, since they depend on the sender’s bank and country. Still, you can expect to receive an international transfer within 5 business days.

Tracking a Wire Transfer From Chase Bank

Tracking your funds sent through Chase involves pretty much the same steps as with any other bank. You must provide the reference number, the transaction date, the amount sent, and the recipient’s information to verify your identity as the sender. There is no separate Chase wire fee for tracking.

You can track the bank wire on the official website or mobile app. To check the status online, go to the "Pay & transfer" section of the bank’s website, choose "Wires and global transfers," and click "Payment activity." On the mobile app, go to "Pay & transfer," then click "See activity" and pick "Wires & global transfers." If you encounter any issues, do not hesitate to contact customer support.

Canceling Your Chase Bank Wire Transfer

Can you cancel a wire transfer? It all depends on the timing. If the transaction has not been completed yet, it’s easy to undo. You simply need to click the "Action" button when viewing the transaction and press "Cancel." However, it’s next to impossible to recover money once the transaction has been processed.

International wire transfers can be revoked within 30 minutes of authorization if the recipient hasn’t claimed the payment yet. To do this, find the Wire Activity section on the bank’s website or app and pick "Cancel" from the Action field. You’ll likely pay a wire transfer fee: Chase charges it for cancellation, too.

Domestic wires can’t be reversed once sent. If you’ve scheduled a wire for later, you may cancel it until 11:59 PM ET on the day before the sending date.

What about Chase international wire transfer fee? If the Chase Bank international wire transfer fee is too high for your taste, and you wish to switch to another bank, here are some instructions on how to close a Chase account.

Final Thought

To sum it all up, Chase wire transfers are a fast and reliable way to send funds, especially within the country. The bank will ensure the security of your funds and deliver them quickly in exchange for a modest fee. Finally, always remember to verify the sender's details, confirm the SWIFT/BIC codes, and use Chase’s tools to track your transfer.

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