Chase Bank UK Transfer Limits - What they are and alternatives

Tommy Buckley

23.11.23

2 minute read

Chase Bank is a relatively new bank in the UK, although it already has over a million customers here. It’s owned by US banking giant JPMorgan Chase. The bank offers just one current and one savings account, both of which are managed through the Chase mobile banking app.

If you’ve just signed up with Chase Bank or are thinking of switching, you’ll be keen to find out all you can about your new account. This includes how much you can transfer at once, or per day. It’ll be useful to know this, just in case you ever need to make a large transfer in a hurry.

So, read on to find out what Chase Bank’s transfer limits are, along with other limits on deposits and ATM withdrawals.

We’ll also show you an alternative, the Wise account. It lets you manage your money in 40+ currencies, make low fee transfers, and get mid-market exchange rates on all currency conversions. There’s even a Wise card for day-to-day spending all over the world.

Join Wise today

But for now, let’s get back to Chase UK.

Chase Bank daily transfer limits

So, how much can you transfer per day with Chase Bank? The good news is that the maximum limit is pretty generous.

You can transfer up to £25,000 a day from your Chase account to another UK bank account.¹ This could be a bank account in your name, or another owned by someone else. This daily transfer limit applies to both the Chase current account and the bank’s savings account.

What about limits for international transfers? Unfortunately, Chase doesn’t currently allow international payments from its UK accounts at the moment,² so you can’t send any money from the UK to an overseas account. You won’t be able to receive money from a bank account outside the UK either.

Chase limits for ATM withdrawals

Along with transfer limits, it’s also useful to know about the limits for withdrawing money from a cash machine when you bank with Chase.

Chase Bank has the following limits for ATM withdrawals in the UK and overseas:¹

Up to £500 a day from ATMs in the UK or abroad
Up to £1,500 a month on overseas ATM withdrawals.

Are there any Chase deposit limits?

There’s no limit on how much money you can pay into your Chase current account.¹ So, you can deposit as much as you like per day, month or year.

Wise - a great Chase alternative for international transfers

Need to send money overseas, or receive an international payment? Unfortunately, this isn’t a feature that Chase Bank currently offers right now. So if you need this service, you’ll need to find an alternative solution.

The Wise account is the ideal choice. It’s a powerful account for managing your money in 40+ currencies, including making international payments for low fees and mid-market exchange rates. These rates are often much better than you’ll get when you use your bank for international transactions.

You can even receive money for free in 9 major currencies, as Wise gives you your own local account details.

Wise is a money service business, offering a multi-currency account, international money transfer services and a debit card.

When you sign up online with Wise, there’s no initial or monthly fee to pay.

For a one-time cost of just £7, you can get a Wise debit card which has no foreign transaction fees for spending abroad. You can withdraw up to £100 a month from overseas ATMs with no Wise fees.

And if all that wasn’t enough, the Wise account in the UK gives you returns on balances in GBP, EUR and USD. It’s all to make your money go further.

Open a Wise Account Today 🚀

Please see the Terms of Use for your region or visit Wise fees & pricing for the most up-to-date information on pricing and fees.

And that’s pretty much it - everything you need to know about Chase Bank transfer limits in one handy guide. We’ve covered daily limits on moving money to your own or someone else’s bank account, along with some extra info on ATM withdrawal and deposit limits.

After reading this, you should be all set to open your Chase account and move money whenever you need to.

Sources used:

Sources last checked on date: 7-Nov-2023

*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.