Curious about Chase QuickPay with Zelle? Wondering if it’s a good idea to transfer money using this service? This Chase QuickPay review covers what the service is, the pros and cons, and how you can get started.
What is Chase QuickPay?
Chase QuickPay with Zelle is a service that enables Chase customers to send and receive money online. It works with Zelle, a multi-bank payment service that enables person-to-person payments to almost anyone in the U.S. with a bank account.
Using the service, you can quickly and easily send money to, or receive money from, people who are members of Chase and other participating banks.
The Pros and Cons of Chase QuickPay
Compare the pros and cons to make a better decision.
- No fees.
- Fast and easy transferring of funds.
- Large network of participating banks.
- Initiate transfers online or through the app.
- Can send money with just the recipient’s email or phone number.</li
- There are limits to how much can be sent.
- Transfer time can be up to five business days for banks that are not Zelle members.
- International transfers not supported.
- Recipients must have a bank account.
- You must enroll in chase.com and have a Chase checking account or Chase Liquid card.
How to use Chase QuickPay
There are many different scenarios where Chase QuickPay comes in handy. For example, user Robert Campbell says, “I use QuickPay all the time to send small amounts of money to my adult daughters when needed.
I use QuickPay all the time to send small amounts of money to my adult daughters when needed […] both my daughters have Chase accounts as well — so for us it is instantaneous
‘Dad, can I get $20 for gas?’ they ask, ‘I guess I’ll put it in your account now,’ I say. Note — both my daughters have Chase accounts as well — so for us it is instantaneous.”
Another Chase customer Ksenia Newton says, “I’ve been using Chase for about nine years, and this QuickPay option was a really nice addition to their service.”
She explains, “The pros include that it’s quick and can be done through the mobile app, it’s free, it’s extremely convenient when using with other Chase users, and it can be integrated with PayPal. The cons include that sometimes I experience difficulties paying the bill over the weekend as well as making multiple payments.”
The pros include that it’s quick and can be done through the mobile app, it’s free, it’s extremely convenient when using with other Chase users, and it can be integrated with PayPal.”
Lastly, Diane DeMasi works with a client who pays her via Chase QuickPay and she says, “I like it because I don’t have to take a check to the bank and I can get paid quickly.
If I’m paid on a Monday, Tuesday, or Wednesday (first thing), then the payment is usually in my account within two days. However, anything from Wednesday evening through Sunday will take until the next Wednesday before I see the funds in my account.”
Enroll in Chase QuickPay with Zelle
To enroll, you’ll need to be a Chase customer with either a Chase Liquid® card or a checking account, and you need to have a chase.com profile. Then, you complete the following steps.
1. Sign into chase.com
2. Go to the “Pay & transfer” menu and select “QuickPay with Zelle.”
3. Review the service agreement and privacy notice and accept them
4. Verify your email address/phone number with the one-time code.
5. Select your card or checking account to send/receive money.
You are all set!
Frequently asked questions about Chase QuickPay with Zelle
Can I use Chase Quick Pay with another bank?
Yes, but the processing speed for the transfer may slower. Efficiency varies based on the following factors:
- If both the sender and recipient are Chase customers, the money is usually available immediately and in no longer than one business day.
- If the bank of the person you are sending money to or receiving money from is a Zelle member that supports real-time payments, the money will be available right away.
- When real-time payments are not supported by the other person’s institution, the transfer takes one to three business days.
- If the other person is a member of a bank that is not a Zelle member, it can take four to five days to receive funds and one to two days (plus the receiving banks processing time) to send funds.
Are there limits to how much I can send with Chase Quick Pay?
Yes. Consumer checking accounts and external accounts are limited to transfers of $2,000 per transaction, $2,000 per day, $8,000 per seven-day period, and $16,000 per 30-day period from all combined accounts with QuickPay.
Business accounts are limited to transfers of $5,000 per transaction, $5,000 per day, $20,000 within a seven-day period, and $40,000 in any 30-day period from all combined accounts with QuickPay.
Other limits apply to private banking clients, unverified accounts, and invoice payments.
How can I transfer money from my Chase account to another bank?
To transfer funds from your Chase account to another bank, you can enroll in Chase QuickPay with Zelle and send the money following the process outlined above.
How do you cancel a Chase QuickPay?
You can not reverse a completed payment from Chase QuickPay. The recipient will have to send the money back. However, if fraudulent activity has occurred, you can contact customer support.
This service can be helpful for Chase customers who have a checking account or Chase Liquid® card and want to send or receive payments. It’s nice that it’s free and transfers are processed online without a hassle.
The downside is that, depending on the specifics of the recipient or sender, processing can take up to five business days. Also, if you need to send amounts that exceed the limits, another payment processing solution will be needed.
However, for most Chase customers, QuickPay with Zelle is likely to be a helpful service.
It’s important to do your research and find the best money transfer solution for your needs. To learn more, you can compare and contrast top money transfer tools here.