Chase QuickPay with Zelle is a simple person-to-person payment service that lets you split checks, send money to friends, and request cash (even if your friends don’t have a Chase bank account). While similar to Venmo and PayPal, Chase QuickPay has features the others don’t.

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Chase Real Time Money Transfer Cost

Kennedy told Webster that while 50 percent of clearXchange enabled transactions were already completed in real-time when customers transferred money within the same bank (Chase to Chase or Bank of. You can transfer money from a Chase by simply checking out the transfer money section in your chase online account. When there, simply choose to transfer money to an account that is not that of your bank while you make available the relevant details of your BofA account and select the save option. The next thing you need to do is make a. Feb 02, 2021 Wire transfers take under 24 hours to clear. International wire transfers may take 1-5 days. ACH transfers and other types of money transfers take 2-3 days. Unlike checks or deposits over $1,500—which can be held by banks for up to 10 days—recipients of large wire transfers don’t have to wait for funds to clear.

This post details the features Chase QuickPay offers to customers, why you’d want to use it, and how it works.

A couple of clarifications before we get started. There’s a bit of confusion around Chase QuickPay, Zelle, and Chase Pay.

Editor's Note

Are Zelle and Chase QuickPay the Same?

Chase QuickPay and Chase QuickPay with Zelle are the same. Zelle (formerly clearXchange) is the company Chase goes through. Chase Pay is something different.

What Is Chase QuickPay?

Chase QuickPay is a person-to-person payment service, and Chase Pay is a convenient way to pay your bills. If you’re a fan of Chase, then you’ll be a fan of Chase QuickPay.

Many Listen Money Matters readers already have several Chase credit cards in their arsenal.

Maybe you’re an Ink Business type of person; perhaps you’re more the Chase Sapphire Reserve type, or maybe you have them all.

The point is, if you like travel rewards, then you’re probably a fan of Chase.

If you already have the Chase mobile app, this feature is built-in, so you don’t have to download another.

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If you are a Chase customer but haven’t downloaded the Chase mobile app, it’s probably time to start asking yourself some tough questions.

Why Should You Use Chase QuickPay?

For one, the user interface is more streamlined than Paypal, and it’s not trying to be a new social media account like Venmo. You just quickly and safely send and receive money.

But that’s just personal preference. The main thing that sets QuickPay apart is the money transfers within a few minutes as long as their bank participates in real-time payments.

More on that in a minute.

With PayPal, you have to pay a fee for the money to show up right away; otherwise, it arrives in your checking account the next business day. It’s a massive win for Chase.

If you’re doing business with someone, you don’t want to wait around an entire day before you get your money.

With Chase QuickPay, you cut out the middleman. Funds are going directly from your Chase checking account into the recipient’s bank account and vice versa.

Also, Chase QuickPay is free. You don’t have to pay to use it, and they don’t take a cut of the funds.

They make it easy by syncing up the contacts in your phone, so you don’t have to type in someone’s whole number or get their email address to send them money.

How Chase QuickPay Works

Sending Money

Let’s say your friend buys you lunch and you want to pay them back. Simply go into your Chase mobile app and follow these steps:

Click on Chase QuickPay with Zelle in the navigation menu
Click Send Money
Choose a recipient from your contact list (or enter a new one)
Enter the amount
Tap Send Money

You’ll receive a confirmation with a satisfying green check.

Here’s the best part, you can send them money whether they have a Chase bank account or not.

You can send or receive money from your Chase checking account or from a Chase Liquid card to anyone with a participating bank account.

Many large banks, such as Capital One, U.S. Bank, Bank of America, Wells Fargo, and Citi, as well as many regional banks, work directly with Zelle.

If your friend has a Chase account or a bank account that works with Zelle and supports real-time payments, then they’ll receive the money within a few minutes.

That’s especially key if you’re sending or receiving money with someone you don’t fully trust. If their bank doesn’t support real-time payments, it can take between 1-2 business days for the money transfer to go through.

Editor's Note

Note: Not all bank accounts work with Zelle. Check out the full list of participating banks here.

If their bank doesn’t work with Zelle, you can still send and receive money with them. They just have to download the Zelle app on any mobile device.

Here’s a 30-second video that shows you how seamless the process is.

Request Money

To request money, follow the same steps as mentioned above, except, this time, select “Request.” Go into your Chase mobile app:

Click Chase QuickPay with Zelle in the navigation menu
Choose Request and Split Money
Pick a contact (or add a new one)
Enter the request details
Tap Request Money

Once again, you will be confirmed with a satisfying green check. Honestly, the green check is gratifying that you’ll want people to send you money all the time.

Chase QuickPay lets you select a group of recipients to split a check.

The Split Money feature is excellent if you’re dining with a group of friends. You can pick up the bill to get the travel rewards points, and they can send you money with a few clicks.

You can use Chase QuickPay to transfer money through regular online banking or the Chase mobile app.

To send money, you need the recipient’s name, and either their email address or their phone number.

Editor's Note

Tip: Use their mobile number; don’t try to send money to a landline.

The Chase mobile app makes it easy to sync your contacts so you can send or receive money to anyone you know. You can choose to send a one-time payment, or you can easily set up recurring payments.

When you first set up QuickPay, it might take a few business days to get your first payment. Chase does this as a security feature. Future payments happen much faster.

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How Much Money Can You Send and Receive?

You can receive as much money as you can convince someone to send you. How much you can send depends on what type of account you have.

From your standard Chase checking account or Chase Liquid cards, you can send up to $2,000 in a single-transaction, $2,000 per day, and $16,000 in a calendar month.

Chase Private Client, Private Banking client accounts, or Chase business checking accounts can send up to $5,000 in a single-transaction, $5,000 per day, and $40,000 in a calendar month.

Make sure to protect yourself by only sending money to people you know and trust. Chase doesn’t protect you in the event you send your money to the wrong person.

Sending Limits	Standard Chase Checking Account and Liquid cards	Chase Private Client, Private Banking clients, and Chase Business checking accounts
Single Transaction	$2,000	$5,000
Daily Limit	$2,000	$5,000
Per Calendar Month	$16,000	$40,000

Is Chase QuickPay Free?

We’re all wary of hidden Bank fees. Chase wants you to be a Chase Bank customer, so this is just another free perk they dangle in front of you.

There are no fees, hidden or otherwise, associated with Chase QuickPay. It’s free to download either the Chase mobile app or the Zelle app.

It doesn’t cost you any money to send or receive funds oth

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