How To Move Money From Savings To Checking Chime?

Through the assistance of Plaid, Chime accounts can be connected to outside bank accounts. If you’re unfamiliar with Chime or haven’t had a chance to fully explore the app, you might be wondering: “How can I fund Chime?”You can learn how to do it by reading this article.

Do I Need To Open A Savings Account?

The option to open a savings account is provided to you when you open a Chime Checking Account. You can always open your Savings Account whenever it’s most convenient for you. Visit the Savings screen to find instructions using the Chime mobile app or your online account.

Do I Need To Set Up Direct Deposit?

More awesome features in the app will start to become available once you set up direct deposit with Chime. How to get going is as follows:

1. To access Settings in the Chime app, sign in and tap the gear icon.
2. Tap “Set up direct deposit” after scrolling to Account Information.”
3. Print the attached form after checking your email.
4. The form must be filled out, signed, and given to your employer. Within two payment cycles, direct deposits ought to begin to arrive!

It’s simple to set up a direct deposit as long as your employer gives you the option. Direct deposit is another option for receiving unemployment benefits if you’re unemployed.

If you don’t have a printer, you can use HelloSign to fill out the form, sign it, and email it to your employer all from your phone.

As an alternative, you can set up direct deposit by logging in to your payroll or benefits account (also found under Settings > Account Information) and entering your Chime Checking Account routing and account numbers.

Benefits Of Setting Up Direct Deposit With Chime

In addition to being a quick and hassle-free method of payment, direct deposit with Chime entitles you to a number of added benefits, including:

• Get paid early: Gain access to your paycheck up to two days early
• SpotMe: If you receive at least $200 in qualifying direct deposits each month, you can overdraw up to $200 on purchases and cash withdrawals with no fees.
• Chime Credit Builder Visa Credit Card: The average credit score improvement for Chime users has been a 30-point increase.
• Save When I Get Paid: Your rainy day fund will increase if you set aside money from each paycheck automatically.
• Mobile check deposit: Utilize the Chime mobile app to quickly deposit paper checks.

How To Move Money From Savings To Checking Chime

Make An Instant Transfer

The first time you deposit funds into your Chime Checking Account, this option is available. All you need to do to instantly add at least $200 is link an external bank account and add your debit card number.

Transfer From A Major Bank

Your account must be with one of the following banks for this option to work: Navy Federal, PNC Bank, SunTrust, TD Bank, USAA, US Bank, or Wells Fargo. Capital One 360, Charles Schwab, Chase, Citi, Fidelity, and Navy Federal. Here’s how:

1. Log in to the Chime app, then select “Transfers” under “Move Money.”
2. Give your other bank’s username and password (don’t worry, it’s encrypted!) in the fields below.).
3. Up to $10,000 per day and $25,000 per month can be transferred by most members. Within five business days, you’ll have access to the money.

Transfer From Another Account

Don’t worry if you’re transferring a larger sum of money or you’re using a bank, not on the above list. You may transfer funds from your previous bank as well. Here’s how:

1. Access the website or mobile app of your former bank.
2. A menu item with the words “transfer funds” or “add external account” should be easy to find.”
3. When prompted, enter your bank routing number and Chime Checking Account number, which you can find in the Chime app’s Settings.

You should typically see the money in your Chime Checking Account within a few business days, though the exact time will depend on your old bank’s policies.

Deposit Cash

Cash can be deposited quickly and easily into your Chime Checking Account. You can make free cash deposits at any of our 8,500+ locations thanks to our partnership with Walgreens. That is more walk-in locations than you would have with any US bank.

More than 75,000 additional retail locations, such as Walmart, CVS, and 7-Eleven stores, also accept cash deposits.

Here is how to make a cash deposit:

1. Log into the Chime app and click “Move Money” → Deposit Cash
2. You can find the closest walk-in retail location using the map.
3. Give the cashier your cash and Chime Visa Debit Card. You are allowed to deposit up to three $1,000.00 per load, $1,000.00 per day, and $10,000.00 per calendar month (subject to any retailer-imposed limits).

Why Is My Transfer Taking So Long?

Account transfers are carried out through ACH, which is only processed during business hours (Monday through Friday, excluding federal holidays). Chime’s bank partners request that we hold a transfer for at least three business days after it has been processed. Thus, it takes a little less than a week for the money to be posted to your checking account.