|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
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’.
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.
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:
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.
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:
SWIFT Code: CHASUS33: This code is used for receiving wire transfers in U.S. dollars from foreign banks.
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).
Fedwire ABA Routing Number: 021000021: This code is used for receiving wire transfers in U.S. dollars from banks located within the United States.
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 Bank offers several credit cards with different foreign transaction fees. Here are some examples:
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.
Chase Sapphire Reserve: Similar to the Sapphire Preferred Card, this card also does not charge foreign transaction fees.
Chase Freedom Unlimited: This card charges a foreign transaction fee of 3% of each transaction in U.S. dollars.
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.
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.
The best USD to XAF exchange rate is 562.95 from Wise. This is -0.65% compared to the mid-market rate 566.63.
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 Central African franc (XAF) rates from different sources before making a conversion.
The above Chase Bank - Dollar to Central African franc 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-XAF mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best USD to XAF exchange rate is 562.95 from Wise, -0.65% from the mid-market rate 566.63. The next best rate is 553.03 from WorldRemit, -2.4% from the mid-rate.
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.
Recent forecasts for the USD to XAF exchange rate indicate a challenging outlook for the U.S.
The USD to EUR exchange rate has recently experienced notable fluctuations driven by economic indicators and geopolitical developments.
The USD to JPY exchange rate has recently shown fluctuations largely influenced by economic data and geopolitical events.
View a full list of exchange rates by selecting your Base (from) currency: