Banking

How Does Chase Quickpay Work

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 6 minute read

How Does Chase Quickpay Work? Quick and contactless payment solutions are rising in popularity. Contactless credit cards are pretty much omnipresent, however they can’t help you in all scenarios. So how do you pay someone when you can’t use your credit card? Or do you wish to utilize cash from your bank account?

Whether you’re attempting to transfer money to pals or seek compensation for work you’ve done, there are some quick and simple solutions to manage this situation. You can handle it directly from your cell phone, in fact.

One of the most common methods to send money to friends is by utilizing money applications like Venmo or Cash App. But for Chase Bank clients, Chase QuickPay offers a quick alternative to transfer money without needing to download.

Know more about Chase QuickPay

Chase QuickPay is a free, secure way to send and receive money using Zelle, a person-to-person payment service available to practically anybody with an account at partner banks and credit unions.

Using Chase QuickPay, Chase customers may send and receive money from friends and family using just the recipient’s mobile number or email address – even if they don’t have a Chase account. The recipient merely has to have a savings account or checking account at a bank participating in the Zelle network.

You’ll need to have a Chase bank account or Chase Liquid card to send money with Chase QuickPay with Zelle. You may use the service through the Chase mobile app, Chase.com, and through the Chase Pay app.

How to use Chase QuickPay

How to transfer cash with Chase Quickpay:

  1. Sign in to your Chase account.
  2. Click on “Pay & Transfer” on the left menu, and then on “QuickPay with Zelle”. If you are using the Chase app your menu may appear somewhat different, but simply look for “QuickPay with Zelle”.
  3. Choose “Send Money” from your tab or menu options.
  4. Get the phone number or email address of the person you’re giving money to.
  5. Choose the amount and date for the payment.
  6. Select if you want this to be a recurring payment.
  7. Submit your request.Sign in to your Chase account.
  8. To use Chase QuickPay to request money:

6 facts about Chase QuickPay

If you’re considering utilizing Chase QuickPay, you’ll want to know a few things before you get started.

1. You have to enroll before you start using it

If you wish to utilize Chase QuickPay, you may login through Chase.com or download a free Chase mobile app. Then present your contact details in the QuickPay area. Once that’s done, you can pick the bank account or Chase Liquid card you’d like to use to make and receive payments.

2. You don’t need a special app

To utilize the QuickPay service, you can use either the Chase mobile app, the Chase Pay app, or Chase.com. As a Chase client, you likely already have one of these choices available on your mobile device – making this an easy method to request money or send money to friends and family. While there is a Zelle app, you won’t need to bother about utilizing it.

3. The receiver doesn’t need to be Chase client

A big pain factor with other money-transfer applications is that both you and your buddy often need to have an account with the chosen service. However, this isn’t true with Chase QuickPay. As long as the individual you’re transferring money to is a member of a Zelle-eligible bank, they can receive your money. Zelle is offered through most of the best banks and credit unions. Examples of financial organizations participating in Zelle include Wells Fargo, U.S. Bank, Bank of America, and Capital One.

4. There are limits to how much you can send

Chase QuickPay may be a useful solution to send modest quantities. But if you anticipate transferring huge quantities of money, you could be disappointed. Your daily and monthly restrictions depend on the kind of account you have with Chase.
Here’s how much you can send with Chase QuickPay

  • Personal banking accounts and Chase Liquid cards: Send up to $2,000 in a single transaction, as well as up to $2,000 in a day. Along with the whole, you’re limited to sending a maximum of $16,000 throughout a calendar month.
  • Chase Private Client, Private Banking client accounts, and business checking accounts: Send up to $5,000 in a day as well as in a single transaction. In a calendar month, you can send up to $40,000.

There’s no restriction to how much you may receive, but the sender may have certain constraints dependent on the bank they’re using with Zelle.

5. Money can be transferred in minutes

Chase QuickPay allows you to send money quickly. If you and your transfer partner are both Chase customers, the transaction should be completed in minutes. If the recipient’s bank does not enable real-time payments or if they are not a Zelle member, they should receive funds within one to two working days.

If your buddy tries to send you money and their bank does not accept Zelle, the transfer might take up to five days. Keep in mind that various banks may have varying processing timeframes, thus the precise results may change.

When you send or receive your first payment using Chase QuickPay, it may take a little longer since there are additional security safeguards in place for first-time payments.

6. You can easily split charges from your account activity

You don’t have to worry about saving receipts or keeping track of your costs when you use Chase QuickPay. Chase makes it simple to divide charges from your transaction history. Go to your account activity, swipe left on the charge until the word “Split” appears, and then pick it. From there, you’ll be able to add or choose the contacts with whom you’d want to divide the price.

Alternatives to Chase Quickpay

If you are not a Chase user and are seeking for alternative applications to send money, you have several possibilities, including:

  • Cash App: Cash App, formerly known as Square Cash, is the most popular money app on the App Store. It’s free to download, and you may use it to send and receive money as long as the other person is also using the Cash App. You may even pay a pal with a credit card using Cash App.
  • Venmo: Venmo works similarly to Cash App but has a public feed for you to share transaction information openly with your friends. Both you and your friend must download the app and create a Venmo account to start transferring cash. Venmo will also allow you to pay someone using a credit card.
  • Apple Pay or Google Pay: Apple Pay allows you to send money directly from the Messages app, but you must have an iPhone to do so. Anyone with a Google account may use Google Pay, and your recipient does not need to download the same app.

While most of these applications need extra registration, their popularity suggests that you or your friends may already have them installed. Even so, it may take a little longer to get the funds since you may need to execute a second transaction to transfer the funds to your checking account.

Whatever choice you select, be sure it’s the greatest fit for you and the individuals you routinely transfer money to.

Is Chase QuickPay safe to use?

Chase QuickPay with Zelle is a generally safe payment method. Your bank account information is never revealed to the other party in the transaction, and you will not be able to access theirs either. In reality, when you use Chase QuickPay with Zelle, no sensitive or personal information is exchanged. To transfer money to someone, all you need is their cell phone number or email address. That is also the only information that someone will want from you if they wish to send you money.

Does Chase QuickPay charge a fee?

There are no costs to worry about while using Chase QuickPay with Zelle, whether you’re sending or receiving money. However, there are restrictions to how much money you may transfer each transaction, day, and calendar month. The restrictions vary depending on the kind of Chase bank account used to transmit money.

Bottom Line 

Chase QuickPay is a terrific solution for Chase clients who need to transfer or receive money fast. It can transfer money into your finest checking account in minutes without requiring you to download other applications or register for other websites.

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