Chime is an online bank that offers many benefits to its members, such as a Chime Visa debit card, automated savings, and credit-building tools as well. A downside of Chime is that they do not have a physical location, meaning you will have to find other ways to withdraw money.
Despite not having a physical location, Chime still offers plentiful access to an extensive network of ATMs and other resources to provide fee-free services.
Table of Contents
- 1 What Is Chime’s ATM Network?
- 2 How To Find a Chime ATM
- 3 Chime ATM Withdrawal and Deposit Limits
- 4 Withdrawals
- 5 Deposits
- 6 Alternatives To Using an ATM With Chime
- 7 Bottom Line
What Is Chime’s ATM Network?
Chime is one of the leading bank that offers a large ATM customer-centric system with no in-network ATM fees. Their network uses MoneyPass and VisaPlusAlliance, providing more than 38,000 fee-free ATMs for its members.
Visa is a commonly-known and widely-accepted financial product. The Chime debit cards are licensed from Visa, therefore being accepted at every ATM that accepts Visa debit cards.
MoneyPass is not as widely-known as Visa, but it has a network with more than 1,700 organizations and 95 million users. This makes it easier to find an ATM that accepts either Visa or MoneyPass for fee-free use.
How To Find a Chime ATM
Just like other top online banks, Chime has an ATM and Cash Back Finder on its website and mobile app to help you easily locate ATMs. On the most recent version of the app, the ATM Map is located on the bottom right corner of the screen. The map shows ATMs near your current location, including merchants that offer cash back, such as Target, Walmart, CVS, and more.
Out-of-Network ATM Fees
If you happen to choose an ATM outside of Chime’s network, be prepared to pay a fee of $2.50. Note that this is strictly the fee from Chime, not from the ATM provider. An additional fee is typically added by the ATM operator, which is separate from Chime’s fee.
Chime ATM Withdrawal and Deposit Limits
In order to keep the organization flowing correctly, provide the best possible service to its members and follow rules and regulations, Chime sets withdrawal and deposit limits.
There is no limit to how many withdrawals you can make a day using your Chime Bank Visa debit card. However, there is a limit on the amount of money you can withdraw each day, just like many other financial institutions. They are as follows:
|ATM withdrawals||$500 per day|
|Cash back at point of sale||Varies by merchant|
|Over-the-counter withdrawal||$500 per day|
|Card purchases that require signature and pin||$2,500 per day|
Many ATMs may set their own limits that are lower than Chime’s. You may need to make separate withdrawals to get the amount you need.
Cash Back at Point of Sale
This includes cash back from shopping at stores, such as Walmart, Target, Winn Dixie, and other participating locations. Like ATMs, each retailer has a maximum cash back amount. Some allow up to $100, but others may only allow $40.
When you use your Chime Visa Debit Card to a bank or credit union at a teller and request a withdrawal, that is an over-the-counter withdrawal. There is typically a Chime fee of $2.50 per transaction and is in addition to fees set forth by the bank or credit union.
Card Purchases That Require a Signature and PIN
This means that your total withdrawals from all sources, including ATM withdrawals, over-the-counter withdrawals, cash backs, purchases and fees, must not exceed $2,500 per day.
Chime does not accept any cash deposits at its ATMs, but there are many ways to add money to your account.
Chime has made setting up direct deposit easy. Here’s how:
- Clicking “Move Money” in the mobile app.
- You’ll be navigated to a page with the routing number and account number needed by your employer.
- You can then choose to have a pre-filled form forwarded to your employer via email or to print it.
At this time, there are no limits to the amount being direct deposited.
You can quickly transfer funds to your checking account through the Chime app by selecting “Move Money,” then “Transfers” followed by “Transfer Funds.”
You can make up to six transfers per month from your savings account.
You can also transfer money from external accounts if that financial institution is supported. These transfers can be up to $200 per day and $1,000 per month.
Mobile Check Deposit
If you would like to deposit a traditional check to your account, you can do so by utilizing Chime’s mobile check deposit feature in the app. All you need to do is take a few pictures and a little bit of information, then your funds can be added to your account very quickly.
You can also choose to deposit cash at more than 90,000 retail locations. Retailers use third-party services, such as Green Dot, to load funds into your Chime Spending Account. Some retailers include:
- Dollar General
- Rite Aid
- Circle K
- Kwik Trip
- Family Dollar
Find retailers near you by logging into the Chime app, clicking “Move Money,” “Deposit Cash” and then “See locations near me.”
This option allows you to make up to three deposits each day, but the three deposits cannot be more than $1,000 in total. They also cannot exceed $10,000 each month. Be aware that third-party money transfer services charge fees and often set their own limits.
Alternatives To Using an ATM With Chime
If determining which ATMs are fee-free and getting to them is too much of a hassle, there are simpler ways to get cash from your account. The easiest is through cashback retailers. Taking out $20 or $100 each time you shop is free and relatively convenient since you have to shop anyway.
The next step would be to get an over-the-counter withdrawal. This allows for another $500 per day. While it will require a fee, that fee will likely be smaller than using an out-of-network ATM.
Chime Bank is a fantastic resource for anyone who wishes for a simple, online banking experience. Chime has developed a large network to accommodate its members’ needs and provide plenty of options.
For more promotions from Chime, view our promotional post here.