The document states that for wire transfers involving foreign currency, Chase sets the exchange rate at its sole discretion, includes a spread from which it may earn a commission, and discloses that these rates will generally be less favorable than publicly available rates. This applies to both incoming and outgoing international wire transfers.
This analysis describes what Chase's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes that Chase retains unilateral discretion over the foreign exchange rate applied to international wire transfers, and that the rate includes a commission component, which is a cost that is not captured in the stated wire transfer fee amounts.
Interpretive note: Whether specific transfers governed by this provision qualify as remittance transfers subject to the CFPB Remittance Transfer Rule depends on transfer amount, destination, and other transaction-specific factors not fully determinable from this document alone.
Under this clause, consumers sending or receiving international wire transfers in foreign currency will be subject to an exchange rate determined solely by Chase that includes a spread and may include a commission, resulting in an effective cost beyond the stated per-transfer fee. The document discloses that these rates will be less favorable than rates quoted online or in publications.
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Compare across platforms →"For wire transfers you send or we receive in a foreign currency, the exchange rate is determined by us in our sole discretion and includes a spread, which we may make a commission from when completing the foreign currency exchange. You should expect that these foreign exchange rates will be less favorable than rates quoted online or in publications. For additional information on these rates, refer to the Deposit Account Agreement and Wire Transfers Agreements.Excerpt from Chase's Fee Schedule
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This provision establishes that Chase retains unilateral discretion over the foreign exchange rate applied to international wire transfers, and that the rate includes a commission component, which is a cost that is not captured in the stated wire transfer fee amounts.
Under this clause, consumers sending or receiving international wire transfers in foreign currency will be subject to an exchange rate determined solely by Chase that includes a spread and may include a commission, resulting in an effective cost beyond the stated per-transfer fee. The document discloses that these rates will be less favorable than rates quoted online or in publications.
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