Get the weekly research letter
Companies change their terms quietly. We read every version and catch what actually changed. One email a week on the changes that matter and what they mean. No account.
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.
Cross-platform context
See how other platforms handle Foreign Exchange Rate Discretion on Wire Transfers and similar clauses.
Compare across platforms →Monitoring
Chase has changed this document before.
Receive same-day alerts, structured change summaries, and monitoring for up to 25 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
1. REGULATORY LANDSCAPE: This provision may engage the CFPB's Remittance Transfer Rule under Regulation E (12 CFR Part 1005, Subpart B), which requires certain disclosures for remittance transfers of more than $15 sent by consumers to recipients in foreign countries, including exchange rates and fees. Compliance teams should assess whether specific wire transfers governed by this provision qualify as remittance transfers requiring pre-payment disclosure of the exchange rate and total amount to be received. The CFPB is the primary enforcement authority. 2. GOVERNANCE EXPOSURE: Medium. The sole discretion language and commission disclosure are standard in wholesale banking but may create consumer protection exposure if the spread results in materially adverse rates without adequate pre-transaction disclosure, particularly for transactions qualifying as remittance transfers under Regulation E. 3. JURISDICTION FLAGS: The EU's Payment Services Directive and related regulations may impose additional exchange rate disclosure requirements for consumers initiating transfers from EU jurisdictions; however, this document appears to govern U.S.-based personal accounts. For California residents, the California Money Transmission Act may impose additional disclosure requirements on foreign exchange transactions. 4. CONTRACT AND VENDOR IMPLICATIONS: The footnote (footnote 5) clarifies that fee waivers for certain premium accounts apply only to the stated wire transfer fee and do not apply to the spread included in the foreign currency exchange rate. This distinction is operationally significant for business-side account agreements and B2B contract reviews where wire transfer cost assumptions may not account for the spread component. 5. COMPLIANCE CONSIDERATIONS: Compliance teams should evaluate whether pre-transaction disclosures provided through chase.com and Chase Mobile for international FX wire transfers satisfy the Remittance Transfer Rule's pre-payment disclosure requirements, including disclosure of the exchange rate, fees, and estimated delivery date. The document's general statement that rates will be less favorable than published rates may require supplementation with transaction-specific rate disclosures at the point of transfer initiation.
Full institutional analysis
Regulatory citations, enforcement risk, and due diligence action items.
Monitor: same-day alerts on the platforms you choose. Analyst: full institutional analysis.
Compliance Governance Intelligence
Need to monitor specific governance provisions?
Compliance includes provision-level monitoring, governance timelines, regulatory mapping, and audit-ready analysis.
Built from archived source documents, structured governance mappings, and historical version tracking.
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.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Chase.