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Chase Bank USD to CAD - Transfers Compared

USD-CAD Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your Chase Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.

To see a full list of available providers, simply enter your transaction type, details and click ‘Get Rates’.

 
 

Compare Chase Bank Exchange Rates & Fees - Save Time & Money

 

Our Chase Bank USD to CAD rate is 1.2653. This is -7.2% below the mid-rate.

Chase Bank FX at a glance

Chase Bank, the consumer banking subsidiary of JPMorgan Chase, is headquartered in New York and is one of the Big Four banks in the United States.

Chase has nearly 5,000 branches in the US as well as 16,000 ATMs and operates in 100 countries. Half of all households in the United States are Chase customers.

How do Chase transfer exchange rates compare?

Sending or receiving international transfers to or from your Chase bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).

Chase Bank offers several products that may charge these foreign exchange fees, including:

  • Wire transfers: If you send or receive a wire transfer in a foreign currency, you may be charged a foreign exchange fee in addition to the wire transfer fee.
  • Chase Bank Accounts: If you have a Chase Bank account and make transactions in a foreign currency, you will be charged a foreign exchange fee.
  • Chase Private Client: Depending on your account type and level of service, you may be charged foreign exchange fees for certain transactions.
  • Foreign currency exchange services: If you exchange foreign currency in person at a Chase branch, you will be charged a fee in addition to the exchange rate.

When sending money abroad, Chase Bank allows you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.

 
 
 

Receiving an international wire transfer at Chase Bank

Chase Bank has several bank codes that may be used for receiving foreign wire transfers, depending on the currency and location of the sending bank. Here are some of the most common codes used for Chase Bank:

  1. SWIFT Code: CHASUS33: This code is used for receiving wire transfers in U.S. dollars from foreign banks.

  2. CHIPS UID: 0002: This code is used for receiving wire transfers in U.S. dollars from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).

  3. Fedwire ABA Routing Number: 021000021: This code is used for receiving wire transfers in U.S. dollars from banks located within the United States.

  4. ABA Routing Number for Wire Transfers: 021000021: This code is used for receiving wire transfers in U.S. dollars from banks located outside of the United States.

It's important to note that specific codes may vary depending on the currency and location of the sending bank, and it's recommended to confirm the correct codes with Chase Bank before initiating a wire transfer.

Chase credit card FX fees

Chase Bank offers several credit cards with different foreign transaction fees. Here are some examples:

  1. Chase Sapphire Preferred Card: This card charges no foreign transaction fees, making it a good option for travelers who frequently make purchases in foreign currencies.

  2. Chase Sapphire Reserve: Similar to the Sapphire Preferred Card, this card also does not charge foreign transaction fees.

  3. Chase Freedom Unlimited: This card charges a foreign transaction fee of 3% of each transaction in U.S. dollars.

  4. Chase Freedom Flex: Similar to the Freedom Unlimited, this card also charges a foreign transaction fee of 3% of each transaction in U.S. dollars.

  5. United Explorer Card: This card charges a foreign transaction fee of 0% to 3% of each transaction in U.S. dollars, depending on the currency used.

It's important to note that credit card terms and conditions can change, so it's always a good idea to check the current fees and policies before applying for or using a credit card for foreign transactions.

If you wish to save on exchange rates and foreign ATM fees then you should consider the Wise multi-currency card.

 
   

What is the Chase Bank Send Money conversion rate for USD to CAD?

The Chase Bank USD to CAD exchange rate is 1.2653. This is -7.2% compared to the latest USD-CAD mid-market rate 1.3636.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.

The above Chase Bank - Dollar to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Chase Bank and other foreign exchange providers against the latest USD-CAD mid-rate and the possible savings of using various providers. 

How do Chase Bank USD-CAD rates compare between providers?

Looking at the full comparison table the best USD to CAD exchange rate is 1.3568 from OFX, -0.5% from the mid-market rate 1.3636. The next best rate is 1.3554 from XE, -0.6% from the mid-rate. Then Wise with 1.3547 is -0.65% from the mid-rate.

The Western Union rate is 1.3499 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 1.2653 at -7.2% the Wells Fargo Bank rate is 1.2571 at -7.8% and the Citibank rate is 1.3198 at -3.2% compared to the mid-rate 1.3636.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Chase Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

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