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Chase bank: Transfer Money vs. Wire Money

Posted on 7/5/16 at 11:56 am
Posted by BackInBlackTiger
Member since Mar 2014
2331 posts
Posted on 7/5/16 at 11:56 am
Does anybody know the difference between the two? I'm trying to pay rent and set it up through transfer money but that seems like its for accounts under the same persons name but at two different banks. It looks like Wire Money is better for this sort of thing but I am not sure.

Any info on this is greatly appreciated. TIA
Posted by GeauxTigers1983
Ponchatoula
Member since Sep 2015
618 posts
Posted on 7/5/16 at 12:14 pm to
If the landlord has a Chase account then you can Quick Pay it for no fee. You just add them into your quick pay accounts and they get notification to accept the money. If the money is wired, they will charge a outgoing transfer fee.
Posted by Omada
Member since Jun 2015
700 posts
Posted on 7/5/16 at 12:15 pm to
You will probably get a better answer by calling or emailing their support team or maybe even a branch. That said, since you're paying rent, I'd suggest using Chase QuickPay or using the bill pay's Schedule Payment functionality to have Chase send checks automatically by a certain date each month to your landlord/lady.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
29815 posts
Posted on 7/5/16 at 1:07 pm to
I do it through Capital One, but my set up is what Omada mentioned. Capital One cuts a physical check and mails it to my landlord automatically every month. I have it set up to do the same for one of my student loans. Same result without the hassle of trying to set up a draw.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7303 posts
Posted on 7/5/16 at 1:35 pm to
As the other person stated, chase quick pay is best if the other person also has chase. Wiring money is for between two different banks. You will get charged a fee of about $25 per wire.
Posted by LSUBanker
Gonzales, La
Member since Sep 2003
2600 posts
Posted on 7/5/16 at 2:43 pm to
quote:

Chase bank: Transfer Money vs. Wire Money by BackInBlackTiger


As others have said...Chase Quick pay is the best especially sending funds to another Chase customer. No Fee and funds arrived same day. You can still Quick Pay to another bank, but it may not be immediate. Wiring will be arrive same day (but there's a cut time for same day), but it'll cost you.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7303 posts
Posted on 7/5/16 at 2:44 pm to
quote:

You can still Quick Pay to another bank



How does that work? I didn't realize you could do this.
Posted by LSUBanker
Gonzales, La
Member since Sep 2003
2600 posts
Posted on 7/5/16 at 2:52 pm to
All you need is email address and use the following directions:

•If you’re not a Chase customer, please create a Chase profile and enroll in Chase QuickPay:
?Click the enrollment option on www.Chase.com/QuickPay
?Create a User ID and Password
? Select and verify your primary e-mail address
?Read and accept the required legal terms including the Chase QuickPay Service Agreement terms and conditions
?Add and validate the external bank account you want to use with this service
?Start using Chase QuickPay to send and receive money
Chase Quick Pay FAQ
This post was edited on 7/5/16 at 2:56 pm
Posted by txtiger79
Member since Oct 2007
1016 posts
Posted on 7/5/16 at 2:52 pm to
Just set up billpay and be done with it. Chase will mail a check to your landlord every month on the date you specify.
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