Chase review

Chase is a high-street bank, founded in 1799 and based in New York, USA. It is regulated by OCC, FDIC, Federal Reserve, holding client funds under the safeguarding rules those regulators require.

Chase's fees are structured as $5 domestic, $40-$50 international wire, but the bigger cost is usually the exchange-rate markup of 2% - 4% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $250,000 per transaction. In our own rate collection, across the 5 corridors we track for Chase, its exchange rate has averaged 3.18% from the mid-market rate.

Chase quotes transfer times of 1-5 business days, and the service reaches 200+ countries across 100+ currencies. You can fund a transfer by Bank Transfer, with money delivered via Bank Deposit. That combination of speed and reach is what shapes where Chase is most competitive.

Where Chase stands out — trusted major us bank, wide currency support and existing customers can send easily. That makes it a sensible choice for existing customers who value keeping the transfer inside their own bank. The main trade-offs to weigh: high transfer fees ($5-$50) and poor exchange rate markup (3%+).