Chase QuickPay with Zelle is a simple person-to-person payment service that lets you split checks, send money to friends, and request cash (even if your friends don’t have a Chase bank account). While similar to Venmo and PayPal, Chase QuickPay has features the others don’t.
This post details the features Chase QuickPay offers to customers, why you’d want to use it, and how it works.
A couple of clarifications before we get started. There’s a bit of confusion around Chase QuickPay, Zelle, and Chase Pay.
Are Zelle and Chase QuickPay the Same?
Chase QuickPay and Chase QuickPay with Zelle are the same. Zelle (formerly clearXchange) is the company Chase goes through. Chase Pay is something different.
What Is Chase QuickPay?
Chase QuickPay is a person-to-person payment service, and Chase Pay is a convenient way to pay your bills. If you’re a fan of Chase, then you’ll be a fan of Chase QuickPay.
Many Listen Money Matters readers already have several Chase credit cards in their arsenal.
Maybe you’re an Ink Business type of person; perhaps you’re more the Chase Sapphire Reserve type, or maybe you have them all.
The point is, if you like travel rewards, then you’re probably a fan of Chase.
If you already have the Chase mobile app, this feature is built-in, so you don’t have to download another.Tweet This
If you are a Chase customer but haven’t downloaded the Chase mobile app, it’s probably time to start asking yourself some tough questions.
Why Should You Use Chase QuickPay?
For one, the user interface is more streamlined than Paypal, and it’s not trying to be a new social media account like Venmo. You just quickly and safely send and receive money.
But that’s just personal preference. The main thing that sets QuickPay apart is the money transfers within a few minutes as long as their bank participates in real-time payments.
More on that in a minute.
With PayPal, you have to pay a fee for the money to show up right away; otherwise, it arrives in your checking account the next business day. It’s a massive win for Chase.
If you’re doing business with someone, you don’t want to wait around an entire day before you get your money.
With Chase QuickPay, you cut out the middleman. Funds are going directly from your Chase checking account into the recipient’s bank account and vice versa.
Also, Chase QuickPay is free. You don’t have to pay to use it, and they don’t take a cut of the funds.
They make it easy by syncing up the contacts in your phone, so you don’t have to type in someone’s whole number or get their email address to send them money.
How Chase QuickPay Works
Let’s say your friend buys you lunch and you want to pay them back. Simply go into your Chase mobile app and follow these steps:
- Click on Chase QuickPay with Zelle in the navigation menu
- Click Send Money
- Choose a recipient from your contact list (or enter a new one)
- Enter the amount
- Tap Send Money
You’ll receive a confirmation with a satisfying green check.
Here’s the best part, you can send them money whether they have a Chase bank account or not.
You can send or receive money from your Chase checking account or from a Chase Liquid card to anyone with a participating bank account.
Many large banks, such as Capital One, U.S. Bank, Bank of America, Wells Fargo, and Citi, as well as many regional banks, work directly with Zelle.
If your friend has a Chase account or a bank account that works with Zelle and supports real-time payments, then they’ll receive the money within a few minutes.
That’s especially key if you’re sending or receiving money with someone you don’t fully trust. If their bank doesn’t support real-time payments, it can take between 1-2 business days for the money transfer to go through.
Note: Not all bank accounts work with Zelle. Check out the full list of participating banks here.
If their bank doesn’t work with Zelle, you can still send and receive money with them. They just have to download the Zelle app on any mobile device.
Here’s a 30-second video that shows you how seamless the process is.
To request money, follow the same steps as mentioned above, except, this time, select “Request.” Go into your Chase mobile app:
- Click Chase QuickPay with Zelle in the navigation menu
- Choose Request and Split Money
- Pick a contact (or add a new one)
- Enter the request details
- Tap Request Money
Once again, you will be confirmed with a satisfying green check. Honestly, the green check is gratifying that you’ll want people to send you money all the time.
Chase QuickPay lets you select a group of recipients to split a check.
The Split Money feature is excellent if you’re dining with a group of friends. You can pick up the bill to get the travel rewards points, and they can send you money with a few clicks.
You can use Chase QuickPay to transfer money through regular online banking or the Chase mobile app.
To send money, you need the recipient’s name, and either their email address or their phone number.
Tip: Use their mobile number; don’t try to send money to a landline.
The Chase mobile app makes it easy to sync your contacts so you can send or receive money to anyone you know. You can choose to send a one-time payment, or you can easily set up recurring payments.
When you first set up QuickPay, it might take a few business days to get your first payment. Chase does this as a security feature. Future payments happen much faster.
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How Much Money Can You Send and Receive?
You can receive as much money as you can convince someone to send you. How much you can send depends on what type of account you have.
From your standard Chase checking account or Chase Liquid cards, you can send up to $2,000 in a single-transaction, $2,000 per day, and $16,000 in a calendar month.
Chase Private Client, Private Banking client accounts, or Chase business checking accounts can send up to $5,000 in a single-transaction, $5,000 per day, and $40,000 in a calendar month.
Make sure to protect yourself by only sending money to people you know and trust. Chase doesn’t protect you in the event you send your money to the wrong person.
|Sending Limits||Standard Chase Checking Account and Liquid cards||Chase Private Client, Private Banking clients, and Chase Business checking accounts|
|Per Calendar Month||$16,000||$40,000|
Is Chase QuickPay Free?
We’re all wary of hidden Bank fees. Chase wants you to be a Chase Bank customer, so this is just another free perk they dangle in front of you.
There are no fees, hidden or otherwise, associated with Chase QuickPay. It’s free to download either the Chase mobile app or the Zelle app.
It doesn’t cost you any money to send or receive funds other than the mobile data your phone company charges. There is no 1% fee to get the cash deposited right away, no 2.9% transaction fee, and no fees hidden in the fine print.
Enough hands are trying to get into your pockets. Luckily, Chase QuickPay isn’t one of them.
How to Enroll In Chase QuickPay
If you’re already a Chase customer with a Chase checking account, here’s how you set up Chase QuickPay with Zelle:
- Sign in to Chase.com with your username and password
- Choose Chase QuickPay with Zelle from the “Pay and transfer” menu
- Accept the Chase QuickPay Service Agreement and Privacy Notice.
Chase will send you a one-time code to verify your mobile number or email address. From there, you can choose the Chase checking account or Chase Liquid card you want to use.
Is Chase QuickPay Worth It?
Chase QuickPay is entirely free, so in that sense, yes, it’s worth it. Whether or not Chase QuickPay is worth your time and effort is mainly dependent on whether or not you’re a customer.
If you’re already a Chase customer, then it’s a slam dunk. The only reason to not enroll in Chase QuickPay is if you don’t care about any of the features that set it apart from Venmo or PayPal, and you don’t want to download another app.
If you’re tired of paying fees and want real-time transfers, then Chase QuickPay might be worth a look.