How to order pesos from Chase Bank

If you’re heading to a country that uses pesos, order currency in advance to pay in cash and avoid expensive foreign ATM fees abroad.

But can you get pesos at Chase Bank®? We take a look at everything you need to know, including fees, limits, and how to get pesos from Chase.

We’ll also look at Wise, your international exchange alternative. Send and receive your money in over 40 currencies, including US dollars and pesos. Let’s dive in!

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Table of contents
Can you order pesos from Chase Bank? How to order pesos from Chase Bank: step-by-step Costs and fees of ordering pesos from Chase Bank What’s Chase Bank’s exchange rate? Exchange money in just a few clicks with Wise How long does it take to order pesos from Chase Bank? Ordering pesos from Chase FAQs

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Can you order pesos from Chase Bank?

Chase Bank may offer foreign currency exchange services for Chase customers, including Mexican pesos.

However, you’ll need to call or visit your local branch to learn how to exchange foreign currencies at Chase Bank.¹

Cash is quickly becoming a less popular payment method. If you can’t get pesos at your local Chase Bank branch, you can use your Chase card to spend abroad.

For example, you can access special rewards on travel purchases with your Chase Sapphire Preferred Credit Card.²

However, you may be required to pay a hefty exchange rate markup for spending in currencies other than US dollars.

How to order pesos from Chase Bank: step-by-step

You’ll need to call or visit your local Chase branch to place your peso order. Let’s look at how to get pesos from Chase Bank – your step-by-step guide.

Step 1. Confirm if your local Chase Bank branch offers foreign currency exchange services – there are over 4700 branches in the US³

Step 2. Next, you’ll need to place your order. Speak to the teller about exactly how many pesos you want to order

Step 3. Your teller will talk you through the currency exchange process, including exactly how to order your cash and when to pick it up

You may need to provide ID verification before you can place your order.

Some branches may provide same-day foreign currency, whereas others may ask you to come back at a later date to pick up your cash.

Costs and fees of ordering pesos from Chase Bank

You’ll need to look into how much it costs to get pesos from Chase Bank. Many banks charge a shipping and handling fee for foreign currency cash requests.

This covers the cost of processing your foreign currency, but it can add to the cost of your exchange.

Some banks may also charge a foreign transaction fee for your peso order. You’ll typically pay a percentage of the transaction, or a flat fee per transfer.

You’ll also need to look into any fees charged by intermediary banks or third-party providers used for your exchange.

Call or visit your local Chase Bank branch for more information about how much it costs to order pesos.

What’s Chase Bank’s exchange rate?

Your bank will use an exchange rate to work out exactly how many pesos you can get for your US dollars.

However, many banks add a markup to the standard exchange rate. This is how they make money from the transaction – but it can add a significant charge to your exchange.

According to some sources, Chase Bank charges a 2% to 7% markup for foreign currency transactions, but you’ll need to check with your local branch for the exact exchange rate used for your transaction.⁴

The mid-market rate is the only fair exchange rate out there. You won’t pay an added markup for currency conversion – and you can save on all foreign transactions.

Exchange money in just a few clicks with Wise

Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees from 0.41%.

Open a free personal Wise account online or in the Wise app, and order a linked debit card for spending and withdrawals in 150+ countries.

There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about.

Use your account when you travel or shop online in foreign currencies, send payments to 50+ currencies, and get your own local account details to get paid from 160+ countries.

Say goodbye to overcomplicated currency exchange.

Say hello to Wise

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

How long does it take to order pesos from Chase Bank?

Most banks will complete currency exchange within 1 to 3 business days, but you’ll need to check with your local Chase branch for more information.

Make sure to order your pesos in advance to avoid disappointment, as some currency orders can take longer than others to process.

Ordering pesos from Chase FAQs

Ordering foreign currency from Chase Bank? Let’s take a look at some common questions before you place your peso order.

What are the limits of ordering pesos with Chase?

Chase Bank doesn’t list a minimum or maximum foreign currency order limit online. However, most banks will limit how much you can order in cash.

If you want to order a large sum, it’s best to check with your branch in advance.

Can you order pesos online or do you need to visit a branch?

You’ll need to get Mexican pesos at Chase Bank in person. Visit your local branch to discuss your foreign currency exchange options.

How much does Chase Bank charge for pesos?

Chase Bank charges an exchange rate markup for currency exchange. This is a charge on top of the standard mid-market rate – and it could be as much as 7% for some transactions.

You’ll also need to look into any additional fees, such as shipping and handling costs or charges from intermediary banks.

Where is the best place to exchange dollars for pesos?

There are a few different places to exchange foreign currency. You can get cash from your bank or an exchange provider – or convert currencies at the airport.

You can also use a digital money transfer provider to exchange your US dollars for pesos. At Wise, you can switch between 40 currencies in one digital account.

Make stress-free foreign currency payments around the globe – all at the standard mid-market exchange rate.

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Exchanging your US dollars is an easy way to get cash for your trip abroad. You may be able to get pesos from Chase Bank, but you’ll need to check with your local branch for more information.

You’ll also need to look into any fees or costs for your exchange, including currency conversion markups.

To explore your global exchange options, check out Wise.

Sources

1. Business Insider - 15 banks and credit unions that exchange foreign currencies
2. Chase - Chase Sapphire
3. Market Watch - Chase Bank branch and ATM locator
4. Money Transfers - Chase international transfer fees and currency exchange rates

Sources checked 12.6.2024