Yes, you can wire transfer from a Chase savings account, but Chase charges a fee and requires you to initiate the transfer through their channels
Chase allows outgoing wire transfers from savings accounts. You can send money domestically (within the US) or internationally. The transfer moves directly from your savings balance to another bank account, and the money typically arrives within one to two business days for domestic transfers, or three to five business days for international ones.
Chase charges a fee for this service. Domestic outgoing wires cost $15 as of the most recent update, and international wires cost $45. These fees are deducted from your account at the time you send the transfer. Some Chase account tiers or relationship statuses may waive fees, so check your account benefits or call to confirm your specific situation.
Key Takeaways
- You initiate a wire transfer from Chase savings through online banking, mobile app, phone, or in person at a branch.
- Domestic wires typically cost $15 and arrive within one to two business days; international wires cost $45 and take three to five business days.
- You need the recipient's bank account number, routing number, and bank name for domestic transfers, or SWIFT code and IBAN for international transfers.
- Once sent, a wire transfer cannot be recalled or reversed, so verify all recipient details before confirming.
How to send a wire transfer from Chase savings online or by app
Log into Chase online banking or open the Chase mobile app. Navigate to the "Transfers" or "Send Money" section. Select "Wire Transfer" as the transfer type, then choose your savings account as the source account.
Enter the recipient's information. For a domestic wire, you need their full name, bank account number, routing number, and the name of their bank. For an international wire, you need their full name, IBAN (International Bank Account Number), SWIFT code, and bank name. Double-check every digit—banks process wires based on account and routing numbers, and a single error sends money to the wrong account.
Enter the amount you want to send. Review the fee (Chase will show it before you confirm). Confirm the transfer. Chase will send you a confirmation number immediately. Save this number in case you need to reference the transfer later.
Wire transfers by phone or at a Chase branch
Call Chase customer service at the number on the back of your debit card. Tell them you want to send a wire transfer from your savings account. They will ask for the recipient's information and the amount. You will need to verify your identity by providing your account number, PIN, or other security information.
Alternatively, visit a Chase branch in person. Bring a photo ID and let the teller know you want to send a wire transfer. They will collect the recipient's information, confirm the amount and fee with you, and process the transfer. In-person transfers may take slightly longer to process than online transfers, but the timeline to the recipient's account remains the same.
What information you need before you wire
For a domestic wire, gather the recipient's full name exactly as it appears on their bank account, their account number, their bank's routing number, and their bank's name and city. If any detail is wrong, the wire may be rejected or sent to the wrong account.
For an international wire, you need the recipient's full name, their IBAN (a standardized account number used outside the US), their bank's SWIFT code (an eight or eleven-character code that identifies the bank internationally), the bank name, and the country. Some banks also ask for the recipient's address.
Ask the recipient to provide this information directly rather than looking it up yourself. Banks sometimes list routing numbers or SWIFT codes differently in different places, and using the wrong one delays or misdirects the transfer.
Wire transfer timing and when the money arrives
Domestic wires sent before the cutoff time (usually 2 p.m. ET on a business day) typically arrive the same day or the next business day. Wires sent after the cutoff or on weekends or holidays process on the next business day and arrive one to two business days later.
International wires take longer because they pass through multiple banks. Expect three to five business days for the money to reach the recipient's account. The exact timeline depends on the recipient's bank and country. Some banks add an extra day or two for processing on their end.
Chase deducts the fee from your savings account immediately when you send the wire, even if the money has not yet reached the recipient. If the wire is rejected (for example, because the account number was wrong), Chase will not refund the fee.
What happens if you send a wire to the wrong account
Once a wire transfer leaves your Chase account, you cannot cancel or reverse it. If you realize you sent it to the wrong account number or bank, contact Chase immediately with your confirmation number. Chase can attempt to recall the transfer, but success depends on whether the receiving bank has already released the funds.
If the receiving bank has released the money, you will need to contact the recipient directly and ask them to return it. If they refuse or cannot be reached, you may have no way to recover the funds. This is why verifying the recipient's account number and routing number before sending is critical.
For international wires, recall is even more difficult because the money has already left the US banking system. Contact Chase as soon as you discover the error, but be prepared for the possibility that the funds cannot be recovered.
Alternatives to wire transfers from Chase savings
If you want to avoid the wire fee, consider other options. ACH transfers (Automated Clearing House) are free and work between most US banks, but they take three to five business days. Chase QuickPay (now called Chase Pay) lets you send money to people with a Chase account instantly and for free if both accounts are Chase. External transfers through online banking let you move money to another bank account you have already linked, usually for free, though they also take several business days.
If you need the money to arrive the same day and want to avoid a wire fee, ask the recipient whether they have a Chase account. If they do, you can use Chase QuickPay instead. If they do not, a wire transfer is usually the fastest option, and the $15 domestic fee is the cost of that speed.
Frequently Asked Questions
Can I wire transfer from a Chase savings account to a credit card?
No. Wire transfers move money between bank accounts, not to credit cards. If you want to pay a credit card balance, use the credit card's payment system or transfer money to your checking account first, then pay the card from there.
Is there a limit on how much I can wire from Chase savings?
Chase does not publish a single wire transfer limit that applies to all customers. Limits vary based on your account history, relationship with Chase, and account type. Contact Chase to learn your specific limit, or attempt a transfer and Chase will tell you if it exceeds your limit.
Do I need to tell Chase before I wire money internationally?
You do not need to notify Chase in advance for a single international wire. However, if you plan to send large amounts or wire money frequently, calling ahead can prevent your transfer from being flagged as suspicious and delayed. Chase may also ask you to verify the purpose of the transfer for compliance reasons.
What if the wire transfer fails?
If a wire fails (for example, because the account number was invalid), Chase will attempt to return the funds to your savings account. This can take five to ten business days. The fee is usually not refunded. Contact Chase with your confirmation number to check the status of a failed transfer.
Can I cancel a wire transfer after I send it?
Not reliably. Once sent, a wire is out of your control. Contact Chase immediately with your confirmation number and ask them to attempt a recall, but do not expect success if the receiving bank has already processed the transfer. Plan ahead and verify all details before sending.