![]() Chase Bank, USA – AboutĬhase was created in 1799 and today serves nearly half of America’s households with a broad range of financial services, including banking, credit cards, mortgages, investment advice, small business loans and payment processing. Private foreign exchange companies typically complete the transaction either same day, or next day. Unless you pay a premium, Chase’s bank service will take from 5 to 7 days for your funds to arrive at the destination bank. Private brokers offer commission free currency transfers, typically over a value of $5000. Chase may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. International money transfers from Chase could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Chase bank account holder to use their services. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only $700 USD in total, which is a large saving over the bank service. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.Įxample: A typical overseas currency transfer of $100,000 US dollars (USD) using Chase bank services would have a transaction exchange rate margin of around 4.0% – or $4,000 USD. Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Sending foreign currency to or from your Chase bank account in the USA needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead. Currency Transfer Alternatives – Chase Bank Typically, sending funds to or from your Chase bank account in US dollars or UK pounds will involve a margin rate of 4.0% – much higher than most currency broker rates (typically 0.7 to 1.0%). Chase Bank international money transfers to or from the USA have higher transaction charges, due to a less competitive exchange rate offered by Chase bank. Save on the exchange rate conversion when transferring money overseas to or from your USA Chase bank account in US dollars, UK pounds, the euro & other currencies. WhatsApp Telegram Facebook Twitter Email Chase Bank International Money Transfers
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