Chase vs XE: Fees, Rates & Speed Compared
Chase
3.5Chase (JPMorgan Chase) is one of the largest US banks, offering international wire transfers to account holders. Convenient but typically more expensive than specialist providers.
XE
4.4XE is a trusted name in currency exchange, offering international money transfers with competitive rates and no transfer fees for most corridors.
Chase and XE are both popular choices for international money transfers, but they take different approaches. Chase, founded in 1799 and headquartered in New York, USA, is best known for large transfers and business payments. XE, operating since 1993 from Newmarket, Canada, focuses on large transfers and business payments. This comparison uses real transfer data collected from both providers across 6 popular corridors to show you exactly which one offers better value for your specific needs. Our data shows the difference can be significant — on a $1,000 USD → INR transfer, XE delivers ₹2721.80 more to the recipient.
In this comparison
Live comparison: Chase vs XE across popular corridors
The table below shows how much the recipient receives when sending through Chase vs XE on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | Chase | XE | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹93,311.91 | ₹96,033.71 | XE (+₹2721.80) |
| GBP → EUR(£1,000) | — | €1,146.94 | N/A |
| USD → PHP($500) | — | ₱28,827.34 | N/A |
| USD → MXN($1,000) | MX$16,800.73 | MX$17,191.59 | XE (+MX$390.86) |
| GBP → PKR(£500) | — | ₨174,170.74 | N/A |
| USD → NGN($200) | — | — | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between Chase and XE
Chase vs XE: Feature comparison
| Feature | Chase | XE |
|---|---|---|
| Overall rating | 3.5/5 (Good) | 4.4/5 (Excellent) |
| Fee structure | $5 domestic, $40-$50 international wire | No transfer fees |
| Exchange rate markup | 2% - 4% above mid-market | 0.5% - 1.5% above mid-market |
| Transfer speed | 1-5 business days | 1-4 business days |
| Supported countries | 200+ | 130+ |
| Supported currencies | 100+ | 130+ |
| Max transfer | $250,000 | $500,000 |
| Payment methods | Bank Transfer | Bank Transfer, Debit Card, Credit Card |
| Delivery methods | Bank Deposit | Bank Deposit |
| Regulators | OCC, FDIC, Federal Reserve | FCA, FinCEN, ASIC, FINTRAC |
| Founded | 1799 | 1993 |
Pros and cons
Chase
Pros
- Trusted major US bank
- Wide currency support
- Existing customers can send easily
- Strong regulatory oversight
Cons
- High transfer fees ($5-$50)
- Poor exchange rate markup (3%+)
- Much more expensive than specialist providers
XE
Pros
- Well-known and trusted brand
- No transfer fees for most transfers
- Supports 130+ currencies
- Rate alerts available
- Excellent currency data and tools
Cons
- Exchange rates include a markup
- No cash pickup option
- Transfer speed can be slow
When to choose Chase vs XE
Choose Chase if:
- You want the real mid-market exchange rate with no hidden markup
- You need wider country coverage (200+ vs 130+ countries)
- Chase's strengths (Bank Deposit) match your needs
Choose XE if:
- You want the real mid-market exchange rate with no hidden markup
- You want to lock in an exchange rate with a forward contract
- You need a business account for commercial payments
Verdict: Chase or XE?
Cost winner: XE
XE wins on cost in 2 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹2721.80 more with XE. XE achieves this through transparent pricing with the real mid-market exchange rate.
Speed: Similar delivery times
Both providers offer similar transfer speeds. Chase typically delivers in 1-5 business days, while XE takes 1-4 business days. The actual speed depends on the corridor and delivery method.
Wider coverage: Chase
Chase has broader coverage with 200+ countries and 100+ currencies. Chase also offers Bank Deposit.
Bottom line
Overall, XE edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, Chase is the better pick if you need large transfers and business payments.
Frequently asked questions
Is Chase or XE cheaper for international transfers?
Based on our data, XE is generally cheaper across most corridors. XE charges No transfer fees with a 0.5% - 1.5% above mid-market exchange rate markup, while Chase charges $5 domestic, $40-$50 international wire with a 2% - 4% above mid-market markup. For example, on a $1,000 USD → INR transfer, XE delivers ₹2721.80 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, Chase or XE?
Chase typically completes transfers in 1-5 business days, while XE takes 1-4 business days. Actual speed depends on the corridor, payment method, and delivery option you choose. Bank transfers tend to be slower than card-funded transfers, and bank deposits are generally faster than cash pickups.
Are Chase and XE safe to use?
Yes, both are regulated money transfer services. Chase is regulated by OCC, FDIC, Federal Reserve and has a 3.5/5 Trustpilot rating. XE is regulated by FCA, FinCEN, ASIC, FINTRAC with a 4.4/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for Chase vs XE?
Chase has a maximum transfer of $250,000 (minimum $1), while XE allows up to $500,000 (minimum $1). Limits may vary by corridor, account verification level, and payment method. New accounts typically start with lower limits that increase over time.
Should I use Chase or XE to send money internationally?
For most users, XE offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, Chase is the better choice if you need large transfers and business payments. The best provider for you depends on your corridor, transfer size, and whether you need features like Bank Deposit.