Mostly not recommended
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Chase QuickPay is a free person-to-person payment service offered by JPMorgan Chase Bank. As long as you have a Chase checking account or a Chase Liquid card, you can enroll in Chase QuickPay to electronically send money to anyone with a U.S. checking or savings account.
What Are Chase QuickPay’s Transfer Fees?
- Chase does not charge customers to send or receive money when using Chase QuickPay.
How Fast Are Chase QuickPay's Transfers?
Processing speeds can vary depending on the recipient’s bank account.
- If you're sending money to another Chase customer, the transfer will typically be processed in a matter of minutes and no later than the next business day.
- If you're sending money to someone whose bank supports real-time payments and is part of the clearXchange network (which includes Bank of America, Capital One, FirstBank, U.S. Bank and Wells Fargo), the transfer will typically be completed within minutes and no later than the next business day.
- If you're sending money to someone whose bank isn't in the clearXchange network or doesn't support real-time payments, transferred funds will typically become available within one to two business days.
Chase QuickPay's Backstory
Chase QuickPay is a special service offered by Chase, which is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. The financial services firm is headquartered in New York, operates worldwide and has $2.4 trillion in assets. As a member of the clearXchange network, Chase is committed to helping individuals send and receive money in a way that’s most convenient.
Who Can Benefit From Chase QuickPay?
Chase QuickPay was designed to better serve Chase customers. If you already have a Chase checking account or a Chase Liquid card, using Chase QuickPay is an easy way to exchange money with friends and family when you need to pay a babysitter, split a dinner bill or send a gift. To initiate a transfer or transfer request, you don’t even need someone's banking information--you just enter the recipient's email address or mobile phone number.
What Are The Advantages and Disadvantages Of Chase QuickPay?
This is what we love about Chase QuickPay:
- Chase QuickPay is a free and fast service.
- You can initiate the money transfer online or through the Chase Mobile app.
- You just need to know the recipient's email address or mobile phone number rather than banking information.
- If the recipient doesn't accept your Chase QuickPay payment within ten business days, the payment will be canceled and you will be notified of such by email.
What We do not Like About Chase QuickPay:
- You must have a Chase checking account or a Chase Liquid card to use the company’s QuickPay service.
- Your recipient must have a bank account to receive funds.
- International money transfers are not supported.