ACH Transfer | Digital | Chase.com (2024)

FAQs

Does Chase charge for ACH transfers? ›

If you use Chase dual control, we will begin to process your payment, once an authorized user approves it. Enrollment in ACH Payment Services is required. There is a fee of 1% of the payment amount, up to $25 per transaction for a Same-day ACH payment.

ACH, which stands for Automated Clearing House, is a secure network that enables banks to electronically transfer money between accounts. This payment method is commonly used for recurring payments such as bill payments and direct deposits.

ACH credit payments are also called push payments. With an ACH credit you'll need to enter the recipient's banking information and the payment details — usually through online or mobile banking for convenience. ACH credits can be used to pay bills, or to send money to friends, family, charities and organizations.

Online banking: Select Transfers & pay at the top of the page, then choose External transfers, wires, & ACH. Mobile banking: Select Pay bills & transfer, then choose External transfers, wires & ACH. Select Send payment. Online banking users will find it within the “ACH payments” section.

Most Chase accounts have a $25,000 per day limit. Chase Private Client and Chase Sapphire Banking limits are $100,000 per day. Keep in mind, your other bank may have a different transfer limit.

Basically, all Zelle payments are (instant) ACH payments but not all ACH payments are Zelle payments. The primary difference between Zelle and regular ACH payments is related to speed—whereas a standard ACH payment can take 2-5 days to clear, Zelle payments tend to clear in minutes.

A wire transfer is typically used for high-value transactions and is completed through a bank, which makes it faster, but it does have a fee. An ACH transfer is the best to use for smaller transactions that aren't time-sensitive, since they can take longer to process but are usually free.

Security. Another advantage ACH payments have is that they're more secure than wire transfers and card payments. This is because ACH payments must pass through clearinghouses that enforce strict regulations. Money is transferred directly between accounts, with account numbers kept confidential.

An ACH transfer is an electronic transfer of funds from one bank account to another over the ACH (Automated Clearing House) network. This includes everything from person-to-person transfers and bill payments to direct deposits.

Short for “Automated Clearing House,” ACH is an electronic network that handles payments between banks. If you've ever received direct deposit to your checking account from an employer, that's ACH deposit. If you've set up your utility bills to come right out of your account, that's an ACH withdrawal.

What is an example of an ACH payment? ›

Direct deposits (an ACH credit often used for payroll) and automatic recurring payments (ACH debits for services like utilities) are common examples of ACH payments.

An ACH payment cost can range between zero and $10.00. Payment processing companies may negotiate rates with users having a high volume of ACH transactions. Banks may not charge their customers fees for ACH payments, including online bill pay.

The routing number for Chase in California is 322271627 for checking and savings account. The ACH routing number for Chase is also 322271627. The domestic and international wire transfer routing number for Chase is 21000021.

How much money can I transfer? Most Chase accounts have a $25,000 per day limit. Chase Private Client and Chase Sapphire Banking limits are $100,000 per day.