how long does chime direct deposit take

Chime also offers “Get Paid Early” feature for its direct deposit users your employer will let you know how much time it will take to. Set up transfers online. Sign on to access transfers. To get started, select the accounts you would like to transfer money From and To. You can receive the paycheck when your employer's payroll sends the funds. you'll get direct deposits to your Chime online banking account.
how long does chime direct deposit take

There are recent reports that Chime has been closing and freezing accounts without notifying its customers. We are monitoring the situation and will update this review as facts develop.

Pros Explained

  • No monthly fees – Chime provides simple banking options free from monthly maintenance or services fees, along with no minimum balance fees. There are also no foreign transaction fees attached to the Chime.
  • No overdraft fees – Many traditional banks charge up to $36 for overdraft fees. Chime offers fee-free overdraft protection through SpotMe, which is available to customers who receive $200 or more in total monthly direct deposits.
  • Early access to direct deposits – Payday is always a good day, but with Chime it’s possible to receive your money up to two days early.
  • Large ATM network – Chime customers have access to more than 60,000 fee-free MoneyPass and Visa Plus Alliance ATMs across the U.S.

Cons Explained

  • Average savings rate – Chime’s savings account earns 0.50% annual percentage yield (APY), which is considered a high-yield rate. How to remove credit card from amazon account much better than what’s offered by almost all traditional brick-and-mortar banks, but compared with other online banks, Chime’s savings rate still misses the mark.
  • Limited services – Chime offers simple banking services, so if you’re looking for a full-service bank with certificates of deposit (CDs), money market accounts, and lending options, you’ll need to look elsewhere.
  • Difficult to make cash deposits – Cash deposits are only possible at retail locations with Chime's cash deposit partners. You may pay a fee for this service.
  • Out-of-network ATM charges – Chime might charge a fee for every out-of-network ATM transaction.

Who Is Chime Bank Best For?

Chime is a good fit for customers looking for simple banking services with no monthly maintenance fees or minimum balance requirements. Chime allows customers to:

  • Open a savings account with no minimum balance requirement
  • Open a spending account with a debit card
  • Have access to a large ATM network
  • Use their debit card overseas without foreign transaction fees
  • Deposit checks electronically through their mobile phone

What Does Chime Offer?

Chime keeps its service options simple, with only two account choices available.

  • Savings Account
  • Spending Account (with debit card access)

Savings Account

Chime offers only one savings option—a high-yield savings account. Chime’s savings account comes with a savings rate of 0.50% APY, which is good but still lower than the best high-yield savings accounts on the market.

The savings account comes with two optional automatic savings programs, so customers can reach savings goals faster:

  • Save When You Spend – When enabled, every purchase you make with your Chime Visa debit card is rounded up to the nearest dollar. How long does chime direct deposit take rounded-up amount is transferred to your savings account.
  • Save When I Get Paid – Enrolled customers can automatically transfer a percentage of every direct deposit of $500 or more to their savings account.

Depositing cash into your Chime savings account is not a simple process. Customers can either transfer money from their Chime spending account or use the Save When I Get Paid feature.

Chime Savings Account
Chime Savings Account $0$00.50%

Spending Account

Chime’s "checking" account is called a spending account and comes with a complimentary Visa debit card. Though it doesn’t come with traditional check writing privileges, you can write checks using the Chime checkbook feature. You simply choose to pay bills through the checkbook feature, and Chime will send a check on your behalf, up to $5,000, typically arriving in three to nine business days. There’s no limit on how many checks you can send per day. This feature is only eligible for checks mailed to recipients in all 50 states and the District of Columbia.

Customers can use their debit card without paying a fee at more than 60,000 ATMs across the U.S. There are also no foreign transaction fees charged for using your Chime debit card internationally. Unfortunately, using your debit card at out-of-network ATMs can yield a charge per transaction. ATM withdrawals are limited to $500 per day.

To combat overdraft fees, Chime offers SpotMe, an overdraft protection service that allows eligible customers to avoid overdraft fees on their spending account. SpotMe is available for customers who receive monthly direct deposits totaling at least $200. Chime uses your direct deposit total from the previous 31 days to determine eligibility. Instead of charging a fee, Chime uses your next deposit to cover the overdraft amount.

Overdrafts through SpotMe are initially limited to $20, but they may be increased up to $200, based on account history and activity.

Chime Spending Account
Chime Spending Account $0$0None

Chime Customer Service

Chime embraces mobile banking as evidenced through its mobile phone app, available on iOS and Android. Through the app, customers can:

  • View accounts
  • Deposit checks electronically
  • Send money to other Chime customers
  • Freeze your card if it is lost or stolen
  • Pay bills
  • Transfer funds between accounts
  • Receive transaction notifications 

Chime offers several ways to contact its customer service when you need help. Besides logging in to the mobile app, customers can also get support from Chime by email ( or by calling 844-244-6363 Monday through Sunday from 3 a.m. to 11 p.m. (CST).

Chime’s banking services are provided via a partnership with Bancorp Bank or Stride Bank, N.A. Both banks are insured by the Federal Deposit Insurance Corporation (FDIC), which means your deposits are insured by the federal government up to $250,000.

How to Bank Through Chime

Chime makes it easy to open an account. To get started, simply head to Chime’s website or download its mobile app. You’ll need to enter some basic personal information and set up an online account. There is no credit check associated with opening a Chime account.

Accounts are limited to people 18 years and older. You must be a U.S. citizen or permanent resident to open a Chime account.


Chime is a top choice for customers who want simple banking options with few fees and an excellent mobile app for banking on the go. Although Chime has no physical locations, it does have a large fee-free ATM network that will meet most customers’ in-person needs. While its savings account offers a decent rate, there are other banks to consider that may offer a higher APY. You'll also want to look elsewhere if you want a full-service bank that offers other products, such as CDs and money market accounts.


Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks. We collected over 20 data points across more than 80 banks—including products available, interest rates, fees, and accessibility—to ensure that our content helps users make the right decision for their savings and banking need.


Child Support Direct Deposit

The Department of Children & Family Services offers Direct Deposit (electronic transfer of funds to a bank account) to all custodial parents with an active child support case with Child Support Enforcement.

Direct Deposit allows you to receive your payments in a safe, easy, and efficient manner. No more lost, stolen, or forged checks.

You may participate in the Direct Deposit Program if you meet the following criteria:

  • Have an active checking or savings account in your name.
  • Complete and return the Direct Deposit Authorization Form with required documentation for the preferred method of deposit as listed below:
  • Submit a voided check or a pre-printed deposit slip; or
  • Financial institution letter showing the account number and routing number.
  • Mail the above information to DCFS Child Support Enforcement to the following address:

    DCFS - CSE
    Direct Deposit
    P.O. Box 65245
    Baton Rouge, LA 70896

Direct Deposit will go into effect once your authorization form has been received and processed by CSE and your account information has been verified by your bank or credit union. A check will be issued to you until the account information has been verified. Once the information is verified, future payments posted to the case will be directly deposited into your account. If the account information is rejected, a check will be issued. Funds are usually available within 48 hours after the payment is posted to LASES.  (Exception: IRS offsets may be held up to six months due to injured spouse claims.)

If your how long does chime direct deposit take on the authorization form differs in any way from your name on the child support case, the authorization form will be returned. To verify deposited funds, you may contact your financial institution.

Canceling Direct Deposit

You must notify the Child Support Customer Service Center in writing.  Send or fax a new authorization form to:

Direct Deposit
P.O. Box 65245
Baton Rouge, LA  70896

- Or -

Fax: (225) 342-0543
(Cancellation of Direct Deposit Only)

If you have any questions regarding the Direct Deposit Program or if you have a change in your account information, contact the LaHelpU Customer Service Center:

  • 1-800-256-4650 (Toll-Free)
  • (844) 224-6188 (TTY service for the hearing impaired)
  • [email protected]

Transfer Options with Square

With Square, you can choose when to receive your funds. We offer a couple of options – our standard transfer schedule, a custom transfer schedule (tailored by you to your business hours), or transferring your funds to your Square Card.

Square doesn’t have transfer limits with our standard or custom schedules. We won’t hold funds based on the amount, frequency, or type of transaction.

If you’re having trouble locating a transfer, review these transfer schedule tips.

Standard next-business-day transfer

When you activate your Square Point of Sale account, link a bank account, and begin accepting card payments, we’ll transfer funds according to our standard schedule. All Square merchants start with our standard transfer schedule.

With this schedule, funds are usually transferred within 36 hours or 1-2 business days of a transaction. Learn more about our standard transfer schedule and review daily transfer times.

Custom Close of Day Time

If your business has unique hours, you can customize the time you’d like transactions grouped for daily transfer. This is called your close of day time.

Setting a close of day time ensures you’ll receive a single transfer for a full day’s payment activity – making bookkeeping a breeze. Read more about customizing your close of day time.

Square Checking

Square Checking is a checking account that gives you instant access to your sales with Square. With Square Checking, sales you process with Square are immediately available to how long does chime direct deposit take on your Square Debit Card or with your account & routing numbers. 

Your Square Checking account includes account and routing numbers for making inbound and outbound transfers. Use your account and routing numbers to allow third parties to debit your Square Balance via ACH at no additional cost to complete payments for bills or expenses. You also can use your account and routing numbers to deposit funds into your Square Balance via ACH.

You can also choose to transfer those funds out of your Square Checking balance to your linked bank account. Read more about transferring funds to your bank account.

Instant transfers

The quickest way to get your money is to take advantage of Square’s instant transfers.

Sometimes you need your money immediately – that’s when instant transfer can help. If available on your account, you can instantly send funds to your linked bank account using a debit card 24 hours a day, 7 days a week, for a 1.5% fee per transfer.

While instant transfers are easy to send to your bank account you will need a few things before you can get started:

  • Link a bank account and a supported U.S.-issued Visa or MasterCard debit card to your Square account.

  • Make sure you have at least $25, after processing fees, in your Square Balance.

Once you’ve set your account up for instant transfers, you can start receiving your money immediately.

Read more information on how to send your first instant transfer.

Note: Some new sellers start with a limit of one instant transfer per day of up to $2,000 or one same-day transfer of up to $10,000. As you run and grow your business with Square, a higher daily transfer amount may become available.

Same-day transfer

Same-day transfer has the speed of instant transfers, without the hassle. If you routinely need your funds faster than one to two business days, same-day transfers may be available to automatically transfer your funds at your close of day. Using a debit card, funds are sent to your linked bank account for a 1.5% fee per transfer.

Your funds will routinely be sent to your linked debit card 15 minutes after your close of day, every day.

To use same-day transfer, you must have a minimum balance of $1 after Square’s fees. You can send payments as large as $10,000. If your daily balance exceeds $10,000, you’ll receive multiple transfers from Square. There is one exception: Individual payments greater than $10,000 won’t be sent via same-day transfer or instant transfer. When this occurs, these payments will be sent via next business day transfer and will be available within one to two business days to your linked bank account.

Because same-day transfer works just like instant transfers, any funds which do not qualify will be sent on our next day transfer schedule.

Note: Some new sellers start with a limit of one instant transfer per day of up to $2,000 or one same-day transfer of up to $10,000. As you run and grow your business with Square, a higher daily transfer amount may become available.

Learn more about setting up your first same-day transfer.

Manual transfer

By default, your funds will be transferred to your bank account every night, from Sunday to Thursday.

Instead of automatic transfers, you can enable manual transfers to choose when to transfer your money. Your funds will be available in your Square balance, and you can decide when to transfer them to your linked bank account. Your funds will then arrive in your bank account the next business day—at no extra cost.

Keep in mind any transfer how long does chime direct deposit take received after 8.30pm PST will be sent to your bank the following business day.

You are able to pause automatic nightly transfers and change to manual transfers, directly from your online Square Dashboard, or from the Square app.

  1. Navigate to Settings in your online Square Dashboard or Square Point of Sale app.

  2. Select Balance.

  3. Under Transfer Schedule > select Manual.


Chime Bank Review 2021 – Account Features, Pros & Cons

Chime Bank merges the best attributes of traditional bank accounts and automated savings apps in a sleek, low-cost package. It’s a mobile-first solution for on-the-go consumers serious about saving and spending wisely.

Anyone with a U.S. address can open a Chime Bank account. Every account holder gets an FDIC-insured checking account (known in Chime parlance as a “Spending Account”), an FDIC-insured savings account, and a Visa debit card connected to the checking account. Fees are minimal: There’s no monthly maintenance fee for the Spending Account, for instance. And Chime has a cool automated savings feature that takes the grunt work out of setting funds aside.

Chime Bank is definitely not a full-service online bank. If you expect it to be, you’re setting yourself up for disappointment. You won’t find any CDs, money markets, investment options, or loan products here — other than a handy but limited secured credit card. But you should read on to learn more about what Chime has to offer.

Key Features

If all you need is a low-cost checking and savings portal that helps you save every day, Chime could be your bank. Here’s what you need to know about its features, advantages, disadvantages, and overall suitability.

Deposit Account (Spending Account)

Chime Bank’s central feature is its deposit account. This is a standard-issue checking account, known internally as the Spending Account, with FDIC insurance up to the $250,000 statutory limit per account.

The Spending Account has no opening deposit requirement, minimum balance requirement, or monthly fees. You can set up an individual or joint account, depending on your lifestyle and preferences. If you don’t have direct deposit or mobile check deposit set up, you can transfer money from external bank accounts into your Chime Spending Account, subject to certain transfer limits and restrictions.

Savings Account

Chime Bank also offers an FDIC-insured savings account to every Spending Account customer, but you’re under no obligation to open one.

Outbound transfers are limited by law to six per month, so this account isn’t suitable for day-to-day use. You can make unlimited inbound transfers from your Spending Account, however. There’s no minimum or maximum balance requirement, although accounts with $0 balances for nine consecutive months are subject to closure.

Chime Savings has a solid yield on all balances, subject to change with prevailing interest rates.

Chime Debit Card

All Chime Bank deposit account holders get a fee-free Visa debit card that can be used to make purchases anywhere Visa is accepted. You can make fee-free cash withdrawals at more than 30,000 MoneyPass ATMs nationwide and get cash back on point-of-sale transactions at a comparable number of retail locations.

Fee-Free Overdraft (SpotMe)

Chime’s Spending Accounts come with an optional fee-free overdraft protection plan called SpotMe. With SpotMe in place, first national bank in columbus nebraska account holders get up to $200 to cover debit card purchases that result in negative balances. Once the negative balance is repaid, account holders have the option to “tip” (pay a small fee) to repay Chime’s generosity, but this isn’t a condition of coverage.

Credit Builder Account (Visa Secured Credit Card)

The Chime Credit Builder Visa Secured Credit Card is a secured credit card designed for first-time credit card users and for people looking to bounce back from events that adversely impacted their credit, such as bankruptcies.

Unlike most secured credit cards, there’s no annual fee, no interest, no credit check to apply, and no minimum required security deposit. To increase your credit limit, simply move money from your Spending Account to your Credit Builder Account. Your credit limit is your Credit Builder Account balance.

Early Direct Deposit

If your employer or benefits provider permits direct deposit payments, you can take advantage of Chime’s Early Direct Deposit feature. From the payee’s perspective, Early Direct Deposit functions just like any other direct deposit or ACH transfer. Chime claims direct deposit payees receive their money up to two days faster than payees who opt for traditional paper checks. It’s not clear how this time frame compares to other banks’ direct deposit arrangements.

Mobile Check Deposit

Chime has a user-friendly, fee-free mobile check deposit tool that lets you deposit paper checks using only your mobile phone. You’re not automatically permitted to use this feature, however: Chime has sole discretion over who it approves (and when).

Automatic Savings Transfers

Chime Bank gives account holders two ways to save more of what they earn:

  • Save When You Spend: Chime Bank automatically rounds up every debit card transaction to the nearest dollar and deposits the difference into your savings account. This helps you save up to $0.99 per transaction with no action required on your part.
  • Save When You Earn: You can opt into Chime’s paycheck savings transfer program and automatically transfer up to 10% of your direct deposits into your savings account. Chime does need to give its approval for this option, and you can reduce or cancel your transfer allotment at any time if it becomes too burdensome.

Bill Pay (Chime Checkbook)

The Chime Checkbook feature is a user-friendly mobile bill pay system that lets you pay one-off or recurring debts at your discretion. It’s free to use, although third-party processing fees may apply should your payees choose to levy them. You can send paper checks, pay with your Chime debit card, or use direct debit to pay without entering your card number.

Send Money to Friends

Chime’s Pay Friends feature lets you send money instantly to friends at no cost, subject to aggregate monthly transfer limits of $2,000 or 15 discrete transfers. You can use this feature to settle any personal debts, such as paying a friend back for picking up how long does chime direct deposit take restaurant tab or paying your share of your household’s monthly electricity bill.

Mobile Wallet Integrations

Chime Spending Accounts integrate seamlessly with three popular mobile wallet solutions: Apple Pay, Android Pay, and Samsung Pay.

Once set up, these solutions are easier to use than Chime’s traditional debit card. In person, all you have to do is tap your phone to the card reader. Online, these solutions support one-click ordering without requiring card number entry.

Block Card

If you lose or misplace your card or suspect it’s been stolen, Chime’s Block Card feature lets you put a temporary freeze on it until it’s located or cancelled.

Customer Support

Chime’s customer support team is available by phone and email. Phone support is live 7am to 7pm Central Monday through Saturday and 9am to 6pm Central on Sundays. Email queries are answered during business hours.


Chime is a low-cost mobile banking solution that makes it easy to organize your financial life and save some money in the process.

  1. No Monthly Maintenance Fees. Chime Bank doesn’t charge monthly maintenance fees for Spending Accounts, savings accounts, or debit cards. That puts it in a dwindling group of banks, mostly online, that offer no-strings-attached free checking and savings accounts.
  2. Seamless Savings Up to 10%. Chime Bank offers two easy ways to boost your personal savings: rounding up every debit card transaction to the nearest dollar and capturing up to 10% of your direct deposit paychecks. By removing the legwork from saving, these automated options make it far more likely that you’ll incorporate regular saving into your household budget.
  3. Direct Deposit Payments Come Up to Two Days Early. When you set up Early Direct Deposit with Chime Bank, you can receive your paycheck up to two days faster than your colleagues. The exact timing varies by employer and may not be much different than other direct deposit arrangements, but that doesn’t change the fact that it’s nice to get paid early.
  4. Build Credit With a Secured Credit Card (Credit Builder Account). Chime’s Credit Builder Account and the associated Credit Builder Visa Secured Credit Card is an excellent way to build or rebuild credit. Chime claims the Credit Builder Account can raise your credit score by an average of 30 points, although your mileage may vary.
  5. No Fees to Send Money to Friends. It’s free to send money to friends with Chime Bank’s Pay Friends feature. The service isn’t totally unlimited: You can send up to 15 transfers and no more than $2,000 in the aggregate per calendar month. This discourages misuse by businesses looking to skirt ACH transfer fees. Still, it’s probably enough for the occasional split check.
  6. Access to 30,000+ Fee-Free ATMs and Cash-Back Points. Chime Bank users enjoy fee-free access to more than 30,000 MoneyPass ATMs in the U.S. and a similar number of retail locations authorized to provide cash back during point-of-sale transactions. In short, it’s fairly easy to tap your Chime Bank account for hard cash.
  7. Multiple Mobile Wallet Integrations. Chime Bank integrates with Apple Pay, Android Pay, and Samsung Pay — three increasingly common mobile payment tools accepted by thousands of retailers across the United States. Soon, you might be able to get away without using your physical Chime Bank debit card at all.
  8. Cash Deposits Through Green Dot. Chime Bank permits cash deposits at more than 60,000 Green Dot cash points nationwide. This is a key benefit for account holders who occasionally take payment in cash. After all, running a how long does chime direct deposit take business isn’t necessarily nefarious: plenty of small-business owners and solopreneurs do it.


Chime does have some drawbacks that impact its accessibility, and its pricing and incentives are not competitive with other top online banks’.

  1. Modest Savings Yields. Chime Bank’s savings account has a yield (APY) in line with other online banks, but it’s not best-in-class. And even when prevailing interest rates rise, this yield doesn’t seem to budge. If you’re looking for a high-yield savings account that keeps ahead of — or at least pace with — inflation, you may need to look elsewhere or seek a different type of yield-bearing deposit product, such as a cash management account.
  2. No Account Opening Bonuses. You won’t find Chime Bank on our monthly best bank account promotions list because, at least for the time being, Chime Bank isn’t running any promotions for new account holders. Many leading online banks offer account opening bonuses of $100, $200, or more when applicants meet certain conditions. If boosting your balance right out of the gate is a top priority, consider CIT Bank, Capital One 360, or any of the dozens of other banks offering sign-up bonuses right now.
  3. No Physical Branches. Chime Bank doesn’t have any physical branches. While this certainly helps keep fees low, it’s an issue for customers who appreciate face-to-face interaction. Gabbing with a faraway customer service rep just isn’t the same as sitting down in the same room as an experienced banker. Even some “online-only” banks, such as Capital One 360, have opened physical how long does chime direct deposit take in recent years.
  4. No CDs or Money Markets. Chime Bank doesn’t have any CD or money market options, both of which typically yield more than traditional savings accounts. Full-service online banks, such as TIAA Bank, do offer these products, as do established brick-and-mortar banks.
  5. No IRAs or Investment Products. Chime Bank doesn’t offer any retirement or investment products: no individual retirement accounts (IRAs), money market, or brokerage accounts, and no taxable brokerage accounts either. If you’re looking for a full-service financial institution that lets you invest in market-traded securities, check out Ally Bank, whose Ally Invest division is a great low-cost option for everyday retail investors.
  6. No Loans. Chime Bank doesn’t offer any loans. For big-ticket financing — auto loans, mortgages, personal loans — you’ll need to look to a traditional bank like Chase Bank, a nontraditional financing provider like Kabbage or OnDeck, or a full-service online bank like Ally.
  7. Limited Customer Support. Chime Bank’s customer support team isn’t available around the clock, a notable disadvantage relative to established online banks like Ally. Chime reps answer the phone from early morning to early evening, and answer emails within one to two business days. For customers who work long, odd hours, and those who need urgent assistance outside regular business hours, that might not be good enough.

Final How long does chime direct deposit take Bank isn’t exactly revolutionary, but it’s definitely a big step forward in consumer banking’s ongoing evolution. As free checking accounts grow ever rarer and more restricted, it’s nice to see at least one ambitious company holding it down for fee-averse folks seeking somewhere — anywhere — to stash their spending money and short-term savings while building credit in the process.

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Chime review - overall score 4.3

Chime offers three accounts that can help you manage your money in different ways. The first is the Spending Account, which you need to open first. The second is the Savings Account where you can earn returns on your cash. The third is the Chime Credit Builder account, which helps you level up your credit score.

Chime Spending Account

There are a few things to know about the Chime Spending Account (essentially a checking account). First, you can only use USD.

However, if you have set it up, the money spent with the debit card is what the automated saving tool uses to automatically deposit in your saving accounts.

You receive a notification every time money is spent, ensuring the safety of your bank account. If you suspect something is off with your spending account, you can instantly deactivate it through the Chime app.

Remember, when you use this account you can spend up to $200 more than your balance, with no overdraft fee. Just be sure to use Chime's SpotMe service. You can remain with a negative balance until you deposit more money or receive your monthly salary.

Chime Savings Account

Chime offers a saving account that some say is one of the best online savings accounts. Let's see why, and how it differs from the traditional bank services.

It shines in its saving services as you can easily set up an efficient savings plan. If you set up the automatic savings program, everything gets deposited here. Let's see how it works.

The system automatically rounds up your debit card purchases to the nearest dollar and directly deposits the remainder in your savings account. Say you spend $10.75. This is rounded up to $11, meaning that 25 cents get deposited straight into your savings.

What's nice about this is that if you save more than you wanted to in one month, it's quite easy to draw money back into your debit card account.

You might be wondering, 'what does the Chime savings account offer me that traditional banks don't in terms of return?' The primary point in their favor is the high interest it pays on your savings. Unlike most offline or online banks, Chime gives 0.50% Annual Percentage Yield (APY) (as of June 17, 2021).

In comparison, normal financial institutions had an APY of 0.04% at the same time. While these are subject to change regularly, that is a startling difference in the Annual Percentage Yield provided by the Chime savings account.

Chime Credit Builder

The last option, the Chime Credit Builder, is highly important to anyone looking to increase their credit score. The important part of this deal indicates you won't get charged for 'loaning' money on this plan as long as the right sum is in deposit.

What does borrowing money and building a score look like without actually doing it? Well, once you have a checking account set up, you can set up the Credit Builder. Once you have, all you have to do is move a certain amount of money into a separate account.

When you spend with your Chime Credit Builder card, it shows up as if you are using credit. However, you already have the money in your Chime account. Once the month is over, you will be charged no feeds. Chime immediately lets all relevant authorities know, and your credit score increases.

Chime Premium accounts

Chime has no premium accounts.


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Chime Review


There are recent reports that Chime has been closing and freezing accounts without notifying its customers. We are monitoring the situation and will update this review as facts develop.

Whom Is Chime Best For?

Chime should appeal to consumers who want a simple, no-fuss deposit account with minimal fees and mobile-friendly features. It may be a good fit for you if you want to:

  • Get access to direct deposit funds earlier
  • Open a savings account with no minimum balance requirement
  • Open a checking account with a debit card and no overdraft fees
  • Instantly send money to Chime account holders with no additional fee
  • Open an account but have a poor banking history

What Does Chime Offer?

Chime's offerings are limited to three basic services:

Checking Account

Spending Account

Chime’s Spending Account, the equivalent of a checking account, gives you access to your direct deposits as early as two days sooner than traditional banks.

You may not always get your paycheck early, though, as Chime's fine print says early delivery is based on the payer’s support of the feature and timing of the payer’s funding.

While a bank may leave you struggling to figure out how to maneuver around the monthly account, Chime keeps it simple with almost no fees at all. There’s no opening how long does chime direct deposit take requirement, no minimum balance requirement, and no monthly fee. The only fee listed is an out-of-network ATM fee that Chime charges you when you use an ATM outside the Chime’s ATM network.

You can write checks to pay bills via Chime’s Checkbook feature. Tell Chime the bill you need to pay and how much you’ll pay. Then, it will write and mail the check on your behalf, provided the recipient’s address is in one of the 50 states or the District of Columbia. The check takes three to nine business days to arrive.

A total monthly direct deposit of $200 or more qualifies you for enrollment in SpotMe, an optional feature that lets you overdraft $20 to $200 without paying an overdraft fee. Rather than is mastercard capital one you for overspending your account, Chime simply uses your next deposit to cover the negative balance. Chime calculates your SpotMe limit based on your: 

  • Account history
  • Direct deposits
  • Spending pattern
  • "Other risk-based factors"

Chime uses your direct deposit amount from the previous 34 days to determine whether you qualify for its overdraft protection service. You’ll start out with a $20 overdraft limit and could receive an increase as Chime reviews your account activity.

Savings Account

How to draw trico from the last guardian offers a low-yield savings account option that links to your spending account and provides two automatic savings options.

For starters, you can enable Save When You Spend, a tool that rounds up purchases to the nearest dollar and transfers the extra amount to your savings account. For example, Chime would round up a $10.62 purchase to $11, then transfer 38 cents to your savings account. Those small amounts add up, especially if you make numerous transactions throughout the month.

Only those with a Chime Spending Account can open a Chime savings account.

Chime’s Save When You Get Paid feature automatically saves a pre-set percentage of your direct deposit and transfers the amount into your savings account. The automatic savings take the pressure off you and helps you build your savings effortlessly.

Otherwise, the only way to fund the account is to transfer money from your Spending Account.

Unfortunately, Chime doesn’t offer the best annual percentage yield (APY) compared with the top high-interest savings accounts. (It was 0.50% as of August 16, 2021, according to its website.) You could be getting more interest with some other high-yield savings accounts at an online bank. Depositing cash can also be a hassle, but they have 90,000 deposit locations, including Walmart, Walgreens, and 7-Eleven.

You can link your savings and spending accounts together, but in keeping with Regulation D, you’re only allowed six withdrawals. Otherwise, you could face additional fees, or your account could be reclassified as a checking account.

Credit Builder Credit Card

Chime's Credit Builder credit card is a secured card aimed at those with no or bad credit. Although it's a credit card, it functions much like a debit card. Cardholders must move money from their Spending Account into the card's account, creating the card's credit limit. The money spent on the card then gets paid off with the money moved over from the Spending Account, and Chime reports the balance to the credit bureaus as paid in full.

The Credit Builder card gives users the overspending protection of debit cards and the credit-building benefits of credit cards. Chime doesn't perform credit checks to apply for the card, and there's no minimum security deposit, annual fee, or interest.

Chime Customer Service

Chime’s mobile app was designed for banking from a smartphone. It allows you to:

  • Check your account
  • Pay bills
  • Transfer funds between accounts
  • Freeze your account after losing your card
  • Receive transaction notifications 
  • Send money to friends and family who also have Chime accounts

Chime partners with the Bancorp Bank or Stride Bank, N.A., both members of the FDIC, to provide banking services. Both banks’ FDIC membership means your deposits are federally insured up to $250,000.

The customer service offering is pretty standard. Customers can send a message to customer service through the mobile app or via email ([email protected]) or by calling 844-244-6363 Monday through Sunday from 3 a.m. to 11 p.m. Central Time.

How to Bank With Chime

Opening an account with Chime is pretty easy. To get started, visit and provide some basic personal information.

While you can deposit money into your account via direct and mobile check deposits, Chime currently does not allow wire transfers.

The Final Verdict


We found that Chime is a consumer-friendly option for anyone who wants free, app-focused online banking. You’ll have access to several features that make banking simple and hassle-free. Early access to your direct deposit gives you more flexibility in managing your money, with no extra fees. Automatic savings options help you boost your savings, and if you have a blemished bank record, Chime is forgiving. The banking platform doesn’t review your ChexSystems history, so this is a great option if banks have turned you down.


Chime only offers two types of accounts—a spending account and a savings account—and you can’t open a standalone savings account. While the automatic savings options allow you to grow your savings account steadily over time, you'll only earn at the current APY of 0.50%. And if you’re looking for more functionality, such as the option to deposit cash, open a certificate of deposit, or apply for a loan, Chime isn’t the best choice for you.


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