How to transfer large amounts of money with Chase

Need to send a large amount of money? It might be for a house or car purchase, paying for a kitchen extension or perhaps moving some inheritance money.

Whatever your situation, you’ll need to know how to transfer large sums securely, quickly and conveniently. Ideally, you’ll do it via your bank account - but it may not always be the best option.

In this guide, we’ll be looking at how to use Chase to transfer large amounts of money. So if you already have a Chase account or are thinking of opening one, read on.

If you’re looking for a reliable and cost-effective way to transfer large sums internationally, consider the money services provider Wise. With low, transparent fees*, great mid-market exchange rates, and secure, trackable transfers, Wise makes international money transfers simple and stress-free. Plus, you’ll receive dedicated support when sending large amounts.

Get expert support for your large transfer 📞

Can you send large transfers with Chase?

Yes, you can transfer large amounts with your Chase account. But how you do it and how much you can send works a little differently with Chase compared to other UK banks.

With a Chase personal account, you can send up to £25,000 a day via Faster Payments.¹

Faster Payments is what most UK banksuse to send payments between UK accounts. As you’d guess from the name, it’s super fast - with most payments arriving instantly.

If you need to send more than £25,000 (which is likely if you’re reading this guide), you’ll need to increase your daily transfer limit. You can request this by contacting Chase customer services via the bank’s mobile banking app.¹

The increased limit will be temporary, so you can complete your large transfer - and it can only be raised to a maximum of £200,000.¹

Need to send more than £200,000? Ordinarily with a bank, you’d use CHAPS (which stands for Clearing House Automated Payment System). CHAPS is specially designed for making large, secure and time-sensitive payments.

Chase doesn’t offer CHAPS, but it does say that you can contact its support team for help making a larger transfer.¹

You can only send payments within the UK in GBP with Chase. You can’t make international payments of any size using your Chase current account.²

If you need to transfer large amounts overseas, consider checking out the Wise account.

Is Chase safe for large transfers?

Chase is a fully licensed UK bank and strictly regulated.

In order to be compliant, Chase and other licensed UK banks are required to use sophisticated security measures. They also need to take all available steps to protect customers’ data, money, accounts and transfers.

The bank’s security features include the following:³

• Multiple authentication checks - this protects access to your account, whether accessed through online or mobile banking.
• Biometric security for the Chase mobile app, including facial and fingerprint recognition logins
• Monitoring of suspicious activity - Chase has a dedicated security team who monitor your Chase account and transactions in order to detect fraud as early as possible.
• Encryption technology - the bank uses advanced encryption technology to protect your personal account information when using the Chase app or website.

How to make a large amount payment with Chase

Once you’ve opened an account with Chase, you can make transfers of up to £25,000 right away using Chase digital banking services.

To set up your transfer, you’ll need to login to your Chase mobile app and tap ‘Payments’. Select an existing payee or follow the on-screen instructions to set up a new recipient, including any security verification steps.

Then you can enter the amount you want to send along with any other required details - and confirm the payment.

It gets a little more complicated if you need to send a larger sum. You’ll need to contact Chase customer services via the app to request a temporary increase of your daily transfer limit to £200,000. Here’s how to do it:¹

1. Login to the app and tap ‘Profile’
2. Tap 'Limits'
3. Tap 'Ask us to change your transfer limits'.

You can request this up to 2 days in advance, but it can take up to 4 hours for your new limit to show in the mobile app. You can only have one limit request open at a time, and each expires at midnight - so make sure you send your payment before then.¹

If you’re sending more than that, you’ll need the help of a customer services agent to make the transfer.

Here are the recipient details and other info you’ll need to have ready to make your transfer:

• The recipient’s name as it appears on their bank account
• Their bank account number and sort code
• The type of account (personal or business)

As you can’t make international transfers with Chase, these are the only details you’ll need. But if you’re sending money overseas with another bank or with Wise, read this for info on additional details you’ll need to have ready.

How long do large transfers take with Chase

Chase uses Faster Payments, which often arrive instantly or within 2 hours at the outside (as long as the receiving bank supports Faster Payments).

If you’re putting in a request to increase your daily transfer limit, it’s best to do it early in the day. Chase only processes these requests between 8am and 6pm Monday to Friday, and any requests submitted after 2pm may be processed the following working day. ¹

What's the maximum transfer limit with Chase?

To make it easier to see how much you can send, here’s a quick look at its maximum transfer limits with Chase:¹

Wise – A low-cost alternative to bank transfers

Looking for a secure, convenient and low-cost way to send large sums of money internationally? Take a look at the Wise account from the money services provider Wise. It's not a bank account but offers some similar features and your money is safeguarded.

With Wise, you can send large amount transfers worldwide to countries for low, transparent fees* and you’re guaranteed the mid-market exchange rate with no markup.

Sign up with Wise today 💰

Sources used:

Sources last checked on date: 09-Jan-2025