Wiring money from bank to bank is a daily transaction for financial institutions. But for many consumers, it is a rare and possibly confusing process. JPMorgan Chase Bank, N.A. wires funds for a fee. Bank wire transfers use a SWIFT code with each bank having its own unique code to ensure the funds reach the right institution. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. Whether you are wiring to Chase or from Chase, the code is the same. The only difference is whether Chase is the sender or the recipient.
Instructions
1. Gather the bank account information of the recipient of the money. You will need the name, address, phone number and bank account number of the person getting the money. You will also need the name of the bank, its routing number, phone number, address and SWIFT code. Call the bank for its information if you don't already have it.
2. Go to your bank and request a wire transfer form. Complete the form with your bank information, the amount you are sending and the information for the person getting the wire transfer, with all pertinent bank information.
3. Sign the wire transfer form and submit it along with the required fee. As of April 2011, Chase charges a $30 flat fee for outgoing wire transfers. Check with your local bank for its fee if you are sending money to Chase from a different institution.
4. Use the Internet to initiate a wire transfer from Chase for a $5 discount on the service fee. You can wire money from any Chase checking or savings account you can access online.
