If I Get a Chance Card Advance to Go and Collect $200 Do I Collect $200 Again as I
Chinkle is a financial technology company, not a bank. Cyberbanking services provided by The Bancorp Depository financial institution or Stride Bank N.A.; Members FDIC
Chime is a financial technology visitor, not a bank. Banking services provided by, and debit bill of fare issued by, The Bancorp Bank or Pace Bank, N.A.; Members FDIC.
We'll spot yous up to $200* on debit card purchases and cash withdrawals with no overdraft fees. Eligibility requirements and limits apply.
Traditional banks took $eleven Billion in overdraft fees in 2019¹. At Chime, we do things differently. Instead of charging you an overdraft fee, nosotros permit you to overdraft up to $200 with no fees.*
Finally, you tin take peace of mind if y'all overdraw your account to make a debit card purchase.With SpotMe, nosotros'll apply your next deposit into your Chime Online Checking Business relationship to your negative balance.
Show your friends and fam a little honey without dipping into your own pocket. Every month, we will give eligible members Boosts to send friends and family to increase their SpotMe limits. They can also Boost you back and raise your limit.
When your SpotMe negative balance is repaid, we'll requite you the option to exit us an optional tip to pay it forrad. Whether or not you tip won't bear on your SpotMe eligibility. SpotMe is a fee-free service, and friendly tips from our customs assist it stay that way!
It's like overdraft protection simply fashion better. We'll let the fees speak for themselves.
Chime members who receive a qualifying direct deposit of $200 or more a month are eligible to enroll. Limits are determined by Chime based on factors such as account activity and history.*
Nosotros'll notify you to enroll in the Chime app when y'all take a monthly qualifying direct eolith of $200 or more
When y'all make a debit card purchase that exceeds your balance, we'll spot you up to your limit
When your next deposit arrives in Chime, we'll employ it to your negative residuum
Here's everything y'all need to know about SpotMe
What is SpotMe?
SpotMe lets you make debit carte du jour purchases that overdraw your account with no overdraft fees. Limits outset at $20 and tin can be increased up to $200.* Nosotros'll spot y'all when you need that little extra absorber to cover an expense.
Is there a fee for using SpotMe?
At that place is no fee to use SpotMe! If you lot employ SpotMe, you'll exist able to leave u.s. an optional tip in one case you repay your negative balance. This helps united states offer the service to more members. Whether or not you tip does not touch your eligibility in SpotMe.
Who is eligible for SpotMe?
Chime members who receive $200 or more in qualifying direct deposits over the preceding 34 days are eligible for SpotMe.
How much can I overdraft with my Chime account using SpotMe?
Your SpotMe limit starts at $xx and tin be increased upwards to $200* based on account history and activity. Any transaction that would overdraw your account over your limit volition be declined.
Please note that Chime Member Services cannot manually increase your SpotMe limit.
How does SpotMe compare to overdraft protection and cash advance programs?
Most banks that offer overdraft protection require yous to link a savings account or charge fees for overdrafts on your account. Chinkle and its cyberbanking partners are non like nearly banks. We believe in having our member'southward backs and will allow you to overdraft upwardly to $200* without charging a fee. We too do not require you to link your Savings Account to your Spending Account or charge you a fee to participate in SpotMe.
What types of purchases can I make using SpotMe?
SpotMe simply covers debit card purchases and cash withdrawals. SpotMe does not encompass Pay Friends transfers, ACH transfers (including direct debits and services like Venmo or Foursquare Cash), or Chime Checkbook transactions.
How to get started with SpotMe.
- Open the Settings tab in your Chime app to find out if y'all're eligible for the SpotMe feature (make sure y'all take the latest version of the app).
- Once you lot agree to the SpotMe Terms and Conditions, you are officially enrolled in SpotMe!
- When you're enrolled in SpotMe, you volition be able to make debit menu purchases that overdraft your account upwardly to your limit.
- When we receive your next eolith, nosotros will automatically apply it to your negative balance. No overdraft fees are applied. Always.
P lease Annotation: SpotMe but covers debit card purchases and greenbacks withdrawals. SpotMe does not embrace Pay Friends transfers, ACH transfers (including directly debits), or Chinkle Checkbook transactions.
Banking services provided past The Bancorp Bank or Footstep Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may exist used everywhere Visa debit cards are accepted. The Chime Visa® Credit Architect Menu is issued by Stride Bank pursuant to a license from Visa United states of americaA. Inc. and may exist used everywhere Visa credit cards are accepted. Please see back of your Bill of fare for its issuing bank.
While Chime doesn't issue personal checkbooks to write checks, Chime Checkbook gives y'all the liberty to send checks to anyone, someday, from anywhere. Come across your issuing banking concern'south Deposit Account Understanding for full Chime Checkbook details.
By clicking on some of the links to a higher place, you will go out the Chime website and be directed to a 3rd-political party website. The privacy practices of those third parties may differ from those of Chime. We recommend yous review the privacy statements of those 3rd party websites, as Chime is not responsible for those third parties' privacy or security practices.
* Chinkle SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chinkle Checking Account each calendar month. All qualifying members will be allowed to overdraw their account up to $twenty on debit bill of fare purchases and cash withdrawals initially, simply may be afterwards eligible for a higher limit of upwardly to $200 or more based on member'southward Chime Business relationship history, directly eolith frequency and corporeality, spending activity and other risk-based factors. Your limit will be displayed to you lot within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. Although at that place are no overdraft fees, at that place may exist out-of-network or 3rd party fees associated with ATM transactions. SpotMe won't encompass not-debit card transactions, including ACH transfers, Pay Friends transfers, or Chinkle Checkbook transactions. See Terms and Atmospheric condition.
1 June 2020 Overdraft Fees Report https://world wide web.responsiblelending.org/sites/default/files/nodes/files/research-publication/crl-overdraft-covid19-jun2019.pdf
two Based Bankrate'due south 2020 Checking Account And ATM Fee Study. https://www.bankrate.com/banking/checking/checking-account-survey/
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Source: https://www.chime.com/spotme/
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