You will also have to have direct deposit of at least $500 per month and any overdraft will be paid back with your next deposit. You do need to have a Current checking account and your fee-free overdraft limit will start at $25 but your account will be reviewed periodically for an increase up to $200. Not only does Current bank allow you to access your direct deposit early, but it also will allow you to overdraft your checking account up to $200 without any fees. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. Your limit may change at any time, at Chime's discretion. You will receive notice of any changes to your limit. Your limit will be displayed to you within the Chime mobile app. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. ² Chime SpotMe® Disclosure - Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each month. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date. ^Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Members FDIC.ġChime cannot guarantee when files are sent by the IRS and funds can be made available. Banking services and debit card provided by The Bancorp Bank, N.A. You can send and receive up to four boosts per month.Ĭhime Disclosure - Chime is a financial technology company, not a bank. You can also give and receive “boosts” from friends where your friends can increase your Spot Me limit by $5 (and you can do the same for them) which is paid back with your next deposit. The advance is paid back with your next deposit. With the Spot Me feature you can overdraft your account up to $200 with no fees. For early direct deposit your deposit will post to your account as soon as the money is available which could be up to two days early.^ To use these features, you will need your direct deposit to into a Chime Checking Account. First, Chime gives you access to your direct deposit two days early.^ Second, it has a feature called “Chime Spot Me®” which will automatically cover any overdrafts up to $200 without any fees.² Chime® - Good for Overdraft ProtectionĬhime® has two features that can help you out in a pinch. To get started, download the app and connect your bank account. The amount that you choose it tip is completely up to you. The app is free to use and advances have no interest or fees, but Earnin does ask for an optional “tip” when you request an advance. The money is then paid back when you receive your paycheck. You can have the money you’ve earned, but not yet been paid for, deposited into your account as an advance from Earnin. And lastly, you can verify your work address, which then uses your phone GPS to determine when you are at work. Another is to give Earnin access to your work email, which is monitored to determine how many hours you’ve worked. One is to upload your timesheet to show what you’ve worked so far but haven’t been paid for yet. You can let Earnin know how much you’ve earned in a few ways. Earnin allows you to access wages you’ve earned but have not yet been paid for. Earnin works a bit differently than the above companies.
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