The fastest way to transfer money to your Chase savings account
You can move money from your Chase checking account to your savings account in seconds using Chase's mobile app or online banking portal. Log in, select "Transfer," pick your savings account as the destination, enter the amount, and confirm. The money appears in your savings account immediately.
If you're transferring from an account at a different bank, the timeline depends on the method. A wire transfer takes one business day. An ACH transfer (also called an electronic transfer) takes one to three business days. Both are free or low-cost, depending on your bank and the direction of the transfer.
If you need the money to arrive the same day and it's coming from outside Chase, a wire transfer is your only option—but you'll need the receiving bank's routing number and your account number ready before you start.
Key Takeaways
- Transfers between your own Chase accounts happen instantly through the Chase app or website with no fee.
- ACH transfers from other banks take one to three business days and are free at most institutions.
- Wire transfers arrive within one business day but may cost $15 to $30 depending on your bank.
- You can set up recurring transfers if you want to move money to savings on a schedule—weekly, biweekly, or monthly.
- Chase savings accounts have a federal limit on how many transfers out you can make per month; check your account terms for the current limit.
Transferring between your own Chase checking and savings accounts
This is the simplest route and costs nothing. Open the Chase mobile app or go to chase.com, sign in, and tap or click "Transfer Money." Select the checking account as your source and your savings account as the destination. Enter the amount and review the details.
The money moves instantly—you'll see it leave your checking account and arrive in savings right away. There's no waiting period and no fee, no matter how many times you do it in a month. This works for any combination of Chase accounts you own: checking to savings, savings to checking, or between multiple savings accounts if you have them.
If you want this to happen automatically, you can set up a recurring transfer in the same menu. Choose the frequency (weekly, biweekly, monthly, or a custom date), and Chase will move the money on schedule without you having to log in each time.
Receiving an ACH transfer from another bank
An ACH transfer is an electronic movement of money through the banking system. It's free or nearly free, but slower than a wire. The sending bank initiates the transfer, and it typically arrives in one to three business days depending on when the transfer was sent and your bank's processing schedule.
To receive an ACH transfer into your Chase savings account, you need to give the sender your Chase routing number and your savings account number. Chase's routing number is 021000021 for most ACH transfers, but confirm this with Chase before you give it out—some regions or account types may use a different number. Your account number is printed on your debit card or visible in your Chase app under account details.
Once the sender initiates the transfer, you can't speed it up. If it doesn't arrive within three business days, contact Chase customer service with the date the transfer was sent and the sender's bank name. Chase can investigate whether the transfer was rejected or delayed.
Receiving a wire transfer from another bank
A wire transfer is faster than ACH but costs money—typically $15 to $30 depending on whether the sending bank charges a fee, whether Chase charges a fee to receive it, or both. The money usually arrives within one business day, sometimes the same day if sent early enough.
To receive a wire, give the sender your Chase routing number (021000021, but verify with Chase), your account number, and your full name as it appears on your Chase account. Some senders also ask for a SWIFT code; Chase's SWIFT code is CHASUS33.
Wire transfers are harder to reverse than ACH transfers, so make sure you give the sender the correct account number. If the money goes to the wrong account, contact Chase immediately and provide the wire reference number (which the sender should have). Chase can attempt to recover the funds, but success is not may provide.
Transferring money from Chase to another bank's savings account
If you're moving money out of Chase to a savings account at a different bank, you can use ACH or wire transfer. ACH is free and takes one to three business days. Wire transfer costs $15 to $30 and arrives within one business day.
To set up an ACH transfer out of Chase, log into your Chase account, select "Transfer Money," and choose "Transfer to another bank." You'll need the receiving bank's routing number, the account number, and the account type (savings). Chase will ask you to verify the receiving account by depositing small test amounts (usually under $1 each) and having you confirm the amounts—this can take a few days the first time.
For a wire transfer, call Chase or visit a branch. You'll provide the receiving bank's routing number, account number, account holder's name, and the amount. Chase will deduct the wire fee from your account and send the money the same day if you initiate before the wire cutoff time (usually 2 p.m. or 3 p.m. local time on business days).
Understanding transfer limits and holds
Federal rules previously limited savings account transfers to six per month, but that rule was suspended. However, your Chase account agreement may still include limits—check your savings account terms or call Chase to confirm what applies to your account. If you exceed any limit, Chase may charge a fee or restrict further transfers that month.
Chase may place a hold on incoming transfers if the amount is large, the sending bank is unfamiliar, or other fraud-detection rules are triggered. A hold typically lasts one to three business days. The money is in your account but not available to withdraw until the hold clears. You can contact Chase to ask them to expedite the hold if you need the money urgently.
Outgoing transfers are usually not held, but if you're sending a very large amount or to a new recipient, Chase may delay the transfer for review. Call ahead if you're planning a large transfer and want to know whether a delay is likely.
What to do if a transfer doesn't arrive
If you sent money and it hasn't arrived within the expected timeframe, first check that you used the correct account number and routing number. A single digit wrong will send the money to the wrong account or cause the transfer to be rejected.
Contact Chase with the date you initiated the transfer, the amount, the receiving bank name, and the account number you used. Chase can check whether the transfer was sent, rejected, or is still in process. If it was rejected, Chase can tell you why (usually an incorrect account number or a closed account) and help you resend it correctly.
If the transfer was sent but went to the wrong account at the correct bank, Chase can request a reversal, but the receiving bank must agree. This can take several days. If the receiving bank refuses, you may need to contact the account holder directly or pursue the matter through your bank's dispute process.
Frequently Asked Questions
Can I transfer money to my Chase savings account from PayPal or Venmo?
Yes, but it's not a direct transfer. You withdraw money from PayPal or Venmo to your bank account (which takes one to three business days), and then transfer it from your checking account to savings. Some people link their Chase savings account directly to PayPal or Venmo, but the withdrawal still goes to your checking account first.
Is there a limit to how much I can transfer at once?
Chase does not publish a single-transfer limit, but very large transfers (typically over $10,000) may trigger fraud review and be delayed. If you're moving a large amount, call Chase ahead of time to let them know it's coming. International wire transfers may have different limits.
What if I accidentally transferred money to the wrong savings account?
If it went to another Chase account you own, log in and transfer it back immediately. If it went to someone else's Chase account, contact Chase right away with the account number and the date. Chase can attempt to recover the funds, but the other account holder must cooperate. If they don't, recovery is unlikely.
Do I pay taxes on money I transfer to my own savings account?
No. Transferring money between your own accounts is not a taxable event. You only owe taxes on interest your savings account earns, which Chase reports to you and the IRS on a 1099-INT form each January.
How do I set up automatic transfers to my Chase savings account?
In the Chase app or website, go to "Transfer Money," select your checking account as the source and savings as the destination, enter the amount, and choose "Set up recurring." Pick your frequency (weekly, biweekly, monthly, or a custom date) and confirm. Chase will move the money automatically on that schedule until you cancel it.