How to transfer large amounts of money with Chase
Check out our helpful guide to using Chase to transfer a large amount of money, including transfer times, limits and how to make a payment.
New Nationwide customer? If you’ve just opened a new personal account, you’ll be ready and raring to make your first payment. It can be handy to know how long it takes, especially if you ever need to make an urgent transfer.
Here, we’ll give you the lowdown on transfer times with Nationwide, for both UK and international payments.
If you’d like to transfer money to a person or business using Nationwide, here’s the important info you’ll need to hand:¹
To make your payment, you’ll need to register for online banking with Nationwide, or sign up for the Banking app. To register a new payee, you’ll also need your card reader ready.²
Transferring money to someone in another country? You can do it through your Nationwide account, but you’ll need the following:³
You’ll also need your card reader to hand to set up an international payment with Nationwide. You can send your payment using online banking or in a branch, but not in the Banking app.
For UK bank transfers with Nationwide, the payment should arrive instantly – if you set it to leave your account right away. But be aware that it can potentially take up to 2 hours.⁴ This is for payments up to £10,000, as these are made through the Faster Payments system.
International payments with Nationwide usually take longer than this. The time can vary depending on the country you’re sending to. For example:⁵
If you’re sending money to someone in the UK using Nationwide and the Faster Payments system, it should arrive instantly or under 2 hours.
However, there are situations where transfers can take longer. These include:
Don’t fancy waiting 4 days or more to send money to friends or family in another country? Luckily, there is another solution available besides your bank.
Open a multi-currency Wise account and you can send money internationally in under 2 working days⁶. But to be honest, it rarely takes that long – so your payment could arrive much faster.
As well as being fast and secure, Wise is also one of the cheapest ways to make international transfers. You’ll only pay tiny fees and always get the mid market exchange rate. In total, it could be as much as 8x cheaper than using your bank⁷.
You can set up and send an international payment with Wise in just a few easy steps:⁸
Enter the amount you want to send and the payment type (i.e. ‘personal transfer’).
Enter a few essential details about yourself and the recipient, including their account details.
Check the fee and other details of the transfer to make sure everything’s ok.
Send the money and receive instant confirmation via email or the Wise app.
So that’s it – sending money with Nationwide in a nutshell, including how to set up a payment and how long it takes. You should now be all ready to make your first transfer.
Sources used:
Nationwide - send money to another account
Nationwide - send money to another account
Nationwide - SWIFT international payments
Nationwide - send money to another account
Nationwide - SWIFT/SEPa international payments
Wise - how long does a transfer take
Wise - multi-currency account
Wise - how to send money with Wise
Sources checked on 20-January 2021.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Check out our helpful guide to using Chase to transfer a large amount of money, including transfer times, limits and how to make a payment.
Check out our helpful guide to using Nationwide to transfer a large amount of money, including transfer times, limits and how to set up your first payment.
Check out our helpful guide to using Lloyds Bank to transfer a large amount of money, including transfer times, limits and how to set up your first payment.
Read our helpful guide to find out how to transfer large amounts of money with Barclays in the UK, including transfer times, limits and fees.
Read our helpful guide on using HSBC UK to transfer large amounts of money, including transfer times, limits and fees.
Read our helpful guide on using NatWest to transfer large amounts of money in the UK, including transfer times, limits and fees.