Get Up to $500 Before Your Next Paycheck With Chime MyPay (2024)

FAQs

Can I get an advance on my paycheck with Chime? ›

Transparent & Simple: With MyPay, Chime members can get an advance when they want so they're in control of their pay. MyPay requires no subscription fees, no tipping, no mandatory fees, no interest,³ and no credit check.

If you're eligible, you'll receive an email and a notification in your Chime app inviting you to enroll in MyPay. Just tap the notification and follow the prompts to enroll.

Chime's MyPay is a line of credit that lets you get up to $500 before payday. ¹ There are no mandatory fees, no credit checks, and no interest² to get money when you need it. With MyPay, just log into your Chime app, see how much is available to you, and then choose how much you want to access.

Chime lets members get paid early with early direct deposit. Just set up direct deposit for your Chime Checking Account. As soon as your paycheck comes through, Chime will make the money available in your account. This is often up to two days earlier¹ than it is at some traditional banks.

Once you're set up with a Chime checking account, you'll have access to the company's other benefits. You can enroll in SpotMe, apply for a Credit Builder card, or take out an Instant Loan all within the app. To open a Chime account, you'll need to be at least 18 years old and have the following: Social Security number.

There are two primary methods to get your paycheck early: early wage access and early direct deposit. Early wage access lets you borrow a portion of your upcoming paycheck early – for a fee. You'll find it with apps such as EarnIn, PayActiv and DailyPay.

You will be added to the waitlist once you open a Checking Account and we confirm you live in a state where MyPay is offered. If you are a Chime member and live in a state where MyPay is offered, join the waitlist from your Chime mobile app by following the in-app instructions.

myPay is an automated system that allows service members to update certain discretionary pay data items without using paper forms. Service members can also get their pay and tax statements, and travel advice of payment using myPay.

Understand deposit timing: Deposits may not always arrive early. Timing depends on when the app receives payment files from your employer/provider. Check notifications: Ensure you've enabled push notifications and email alerts in your app to receive immediate updates on deposits.

EarnIn, Brigit, Chime, Dave, Empower, and MoneyLion all have options to receive instant access to a $100 cash advance.

How do I borrow $200 from Chime? ›

SpotMe is available to Chime members who have activated their Chime Visa^® Debit Card or Credit Builder card and receive a qualifying direct deposit of $200 or more a month. Once you've enrolled in SpotMe, we've got your back when you overdraft your checking account by up to $200.

You can withdraw up to $515 a day from your Chime account using an ATM. This $515 and any fees you incur from out-of-network withdrawals count toward the $2,500 daily limit on the Chime card.

If I've been using My Paycheck and still live in an eligible state, how do I get access to MyPay? If you're eligible, you'll receive an email and a notification in your Chime app inviting you to enroll in MyPay. Just tap the notification and follow the prompts to enroll.

As a general rule of thumb, direct deposits with Chime will be in your Chime account by 9:00 a.m. EST on your typical payday. However, this is the latest you will get your direct deposit with Chime, and often it will come at an earlier time.

You can access a portion of your paycheck early or instantly,¹ and multiple times per pay period, up to your assigned limit. There is a minimum transfer limit of $20, which means your Available Now must be at least $20 to make a My Paycheck transfer request.

Paycheck advances and payday loans are small, usually $500 or less. Repayment periods are short, and both types usually automatically withdraw what you borrowed from your checking account. Neither requires a credit check.

You can request a payday loan that you repay on your next pay date from your Chime account. If you prefer, you can request a personal installment loan that you repay from your Chime account over three or more months. Loans are available to consumers 18 or older.

For instance, you can deposit a check in the app if you've received at least $1 from an employer or payroll provider, a gig economy payer, or government payments (SSI benefits apply, but not tax refunds). Chime accepts direct deposit payments that are automated clearing house (ACH) transfers.