Chase to Chase transfers use the bank's internal system, not the public wire network

When you send money from one Chase account to another Chase account, the transfer does not go through the wire system at all. Instead, Chase moves the money through its own internal network, which is faster and costs nothing. The money typically arrives the same business day or next business day, depending on the time you send it and which type of accounts you are using.

This matters because Chase to Chase transfers have different rules, speeds, and fees than wire transfers to other banks. If both accounts are yours or belong to someone you know, this is usually the cheapest and fastest way to move money between them.

Key Takeaways

  • Chase to Chase transfers move through Chase's internal system and cost nothing, while wire transfers to other banks use the public wire network and may have fees.
  • You can send money between Chase accounts using online banking, the Chase mobile app, or by visiting a branch in person.
  • Same-day transfers are possible if you send the money before 2 p.m. Eastern Time on a business day, though next-day arrival is more common.
  • You need the recipient's Chase account number and routing number, or you can use their username if they are in your Chase contacts.
  • Chase does not limit how much you can transfer between your own accounts, but transfers to other people may have daily or monthly limits depending on your account type.

How to send money using Chase online banking

Log into your Chase account on a computer or the Chase mobile app. From the main menu, select "Send Money" or "Transfers." Choose "Transfer to another Chase account" or "Pay a person" depending on whether the recipient has a Chase account.

If you are sending to another Chase account, enter the recipient's account number and routing number, or search for them by name if they are already in your Chase contacts. Enter the amount and the date you want the transfer to happen. Chase will show you the expected arrival date before you confirm. Review the details and select "Confirm" to complete the transfer.

If the recipient is not yet in your contacts, Chase will ask you to verify their information before the first transfer goes through. This usually takes a few minutes to a few hours.

Same-day versus next-day delivery

Chase offers same-day transfers if you send the money before 2 p.m. Eastern Time on a business day (Monday through Friday, excluding federal holidays). The money will arrive in the other account by the end of that same business day. If you send after 2 p.m. or on a weekend or holiday, the transfer will arrive the next business day.

Both accounts must be in the United States for same-day delivery to work. If either account is outside the U.S., the transfer takes longer and may be treated as an international wire, which has different rules and fees.

Transfer limits between Chase accounts

Chase does not set a limit on transfers between your own accounts. You can move as much money as you want, as often as you want, between checking and savings accounts that belong to you.

Transfers to other people have limits that depend on your account type and how long you have been a Chase customer. New customers or those with basic accounts may have a daily limit of $1,000 to $5,000 and a monthly limit of $10,000 to $25,000. These limits increase over time and with account upgrades. You can check your specific limit by starting a transfer and looking at the maximum amount Chase shows you.

What information you need to provide

For a Chase to Chase transfer, you need either the recipient's Chase account number and routing number, or their Chase username if they are already in your contacts. The routing number for Chase is usually 021000021, though some Chase branches have different routing numbers depending on location. If you are unsure, ask the recipient or look it up on their Chase debit card or bank statement.

You do not need the recipient's name, address, or phone number for the transfer to go through, though Chase may ask for these details the first time you send money to a new person. This is part of Chase's verification process to prevent fraud.

Transfers from a Chase branch in person

You can also walk into any Chase branch and ask a teller to transfer money to another Chase account. Bring your ID and tell the teller the amount you want to send and the recipient's account number. The teller will process the transfer on the spot, and it will follow the same same-day or next-day timeline as online transfers.

In-person transfers are useful if you do not have online banking set up yet, if you are sending a large amount and want to speak with someone, or if you need the transfer to happen when ready and want to confirm it with a teller. There is no fee for this service.

How Chase to Chase transfers differ from wire transfers

A wire transfer sends money through the Federal Reserve's wire network or a private network like SWIFT. Wire transfers go to any bank in the world, but they cost money (usually $15 to $30 per transfer), take longer for international wires, and cannot be reversed once sent. Chase to Chase transfers stay within Chase's system, cost nothing, and can sometimes be reversed if you contact Chase quickly.

If you are sending money to someone with a Chase account, use a Chase to Chase transfer. If the recipient banks elsewhere, you will need a wire transfer or another method like ACH (which is slower but cheaper). Ask the recipient which bank they use before you decide which method to use.

Frequently Asked Questions

Can I transfer money to a Chase account that is not mine?

Yes. You can send money to any Chase account as long as you have the account number and routing number. Chase will ask you to verify the recipient's information the first time you send to them. You may have daily and monthly limits on transfers to other people, depending on your account type.

What happens if I send money to the wrong account number?

The money will go to whatever account number you entered, even if it belongs to someone else. Contact Chase when ready if you realize you made a mistake. Chase may be able to reverse the transfer if it has not yet arrived, but once the money lands in another account, you will need to contact that account holder to ask them to send it back.

Do I need to be a Chase customer to receive a Chase to Chase transfer?

Yes. The recipient must have an active Chase account. If they bank elsewhere, you will need to use a wire transfer or another method instead.

Is there a fee for Chase to Chase transfers?

No. Chase does not charge a fee for transfers between Chase accounts, whether they are your own accounts or accounts belonging to other people. This is one reason Chase to Chase transfers are cheaper than wire transfers to other banks.

How long does a Chase to Chase transfer take if I send it on a Friday evening?

If you send after 2 p.m. Eastern Time on Friday, the transfer will arrive on Monday (assuming Monday is a business day and not a federal holiday). Chase does not process transfers on weekends or holidays, so the money will sit until the next business day.