The fastest way to transfer money into Chase savings
You can move money into a Chase savings account from another Chase account, from a bank outside Chase, or from a paycheck. The method you choose depends on where the money is now and how soon you need it there. If both accounts are at Chase, the transfer happens the same day. If you're moving money from another bank, it typically takes one to three business days. If you're depositing a paycheck directly, the money lands on your regular pay schedule.
The most common routes are Chase Mobile app transfers (fastest for Chase-to-Chase), external bank transfers through Chase's website (for money from other banks), and direct deposit setup (for paychecks). Each one requires different information and takes a different amount of time, so the right choice depends on your situation.
Key Takeaways
- Chase-to-Chase transfers through the mobile app or online banking complete the same business day, with no fees.
- Transfers from outside banks take one to three business days and require your Chase account and routing number, which you can find in the app or by calling Chase.
- Direct deposit of your paycheck into Chase savings requires your employer to have your routing number and account number, and deposits on your normal pay schedule.
- External transfers over a certain amount may trigger a temporary hold or require you to verify the receiving bank account before the first transfer goes through.
Moving money between your own Chase accounts
If you have multiple accounts at Chase—checking, savings, or money market—you can move money between them instantly through the Chase Mobile app or Chase.com. Open the app, go to Transfers, select the account you're transferring from and the savings account you're transferring to, enter the amount, and confirm. The money shows up right away in your savings account.
You can also call Chase at the number on the back of your debit card to request a transfer over the phone. There are no fees for moving money between your own Chase accounts, and you can do this as many times as you want. Chase does not limit how often you transfer money into savings, though some savings products have limits on how many times you can withdraw per month—that's a separate rule that applies to money leaving the account, not entering it.
Transferring money from another bank into Chase savings
To move money from a bank account outside Chase into your Chase savings account, you need your Chase routing number and your Chase savings account number. You can find both in the Chase Mobile app (go to Settings, then Account Details) or by logging into Chase.com and looking at your account information. You can also call Chase customer service and ask them to read you both numbers.
Once you have those numbers, you have two options: initiate the transfer from the other bank's website or app, or set up an external transfer through Chase. If you start from the other bank, you'll enter your Chase account and routing number as the receiving account. If you start from Chase, you'll enter the other bank's account and routing number as the sending account. Either way, the transfer typically takes one to three business days. Chase does not charge a fee for incoming transfers, though your other bank may charge you a fee to send money out.
The first time you transfer from a new external bank account, Chase may place a temporary hold on the money or ask you to verify the account before the transfer goes through. This is a security step. You'll receive an email or notification in the app with instructions on how to verify. Once verified, future transfers from that same account move without extra steps.
Setting up direct deposit into your Chase savings account
If you want your paycheck deposited directly into your Chase savings account, you need to give your employer your Chase routing number and your savings account number. Your employer's payroll department will set this up in their system, and your paycheck will land in your savings account on your regular pay schedule—usually every two weeks or twice a month, depending on your employer.
To get your routing and account numbers, use the same steps as above: check the Chase Mobile app, log into Chase.com, or call customer service. Some employers allow you to split your paycheck between multiple accounts, so you could deposit part of it into savings and part into checking if you want. Ask your payroll department whether they support split deposits.
Direct deposit is free and is often the most reliable way to build savings because the money goes in automatically. You don't have to remember to transfer it yourself. If you change jobs or your employer changes payroll providers, you may need to update your direct deposit information with the new employer.
What to do if a transfer is delayed or doesn't go through
If you initiated a transfer from another bank and it hasn't arrived after three business days, log into that bank's website or app and check the status. Some banks show you whether the transfer is pending, completed, or failed. If it failed, the money should return to your original account within one to two business days.
If the transfer shows as completed on the sending bank's side but hasn't appeared in your Chase account, contact Chase customer service with the transfer date, amount, and the other bank's name. Chase can trace the transfer and tell you where it is. Occasionally a transfer gets stuck in the system and needs to be manually released, which Chase can do.
If you set up direct deposit and your paycheck doesn't arrive on the expected day, contact your employer's payroll department first to confirm they have the correct routing and account number. If the information is correct, call Chase and provide them with your paycheck date and amount so they can look for it in their system.
Limits and holds on incoming transfers
Chase does not publicly state a maximum amount you can transfer into savings in a single transaction or per day. However, if you transfer a very large amount from an external bank for the first time, Chase may place a temporary hold on the funds while they verify the transfer is legitimate. This hold typically lasts one to two business days and is a fraud prevention measure.
If you regularly transfer large amounts, you can call Chase ahead of time and let them know so they don't flag the transfer as suspicious. You can also request that Chase remove the hold once they've verified the transfer, though they may decline if they need more time to confirm it's genuine.
Some Chase savings products, like high-yield savings accounts, may have limits on how many times you can withdraw money per month, but these limits do not apply to deposits. You can deposit as much as you want, as often as you want, into any Chase savings account.
Frequently Asked Questions
Can I transfer money into my Chase savings account on a weekend or holiday?
You can initiate a transfer any time through the Chase Mobile app or website, but the transfer won't process until the next business day. Transfers between your own Chase accounts show up immediately in your account balance, but transfers from external banks are held until the receiving bank processes them during business hours.
What's the difference between my account number and my routing number?
Your routing number identifies which Chase branch or processing center handles your account—it's the same for all Chase customers in your region. Your account number is unique to your specific savings account. You need both to receive money from outside banks or to set up direct deposit.
Do I get charged a fee to transfer money into my Chase savings account?
No. Chase does not charge you to receive money into your savings account, whether it comes from another Chase account, an external bank, or direct deposit. Your other bank may charge you a fee to send money out, so check with them if you're concerned about costs.
How do I know if my transfer went through?
Log into the Chase Mobile app or Chase.com and check your savings account balance and transaction history. You should see the deposit listed with the date and amount. If you transferred from another bank, you can also check that bank's website to see if the outgoing transfer shows as completed.
Can I transfer money into someone else's Chase savings account?
Yes, if you have their routing number and account number. You can initiate the transfer from your bank's website or app by entering their Chase account information as the receiving account. The transfer works the same way as moving money to your own account at another bank.