Can i transfer money from my bank to chime

Q: How do I transfer money from someones bank account to a Chime?

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Peer-to-peer payment systems (also referred to as P2P payments) allow users to send and transfer money from their mobile devices through a linked bank account or card. This make splitting bills fast and painless and are relatively easy to set up. You choose who you are sending money to, the amount of the transaction, and the reason for payment, then send. Depending on which P2P payment service you use, the time it takes for money to transfer can range anywhere from a few seconds to three business days. Some of the most popular P2P options are PayPal, Venmo, Zelle, Google Pay, and Cash App.

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4. Google Pay
5. Cash App
Better banking for everyone
1. Go to the Pay Anyone tab
2. Find your friend on Chime, or enter email/phone # of someone who isn’t on Chime
3. Enter a dollar amount and note (like an emoji)
4. Choose “Pay”
5. Your friend has 14 days to enter their required info and instantly claim the funds!
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1. PayPal

👍 Benefits:

PayPal offers many different functions – with the most popular being payment services for online merchants and buyers. But PayPal also offers P2P money transfers for registered users. It’s free to send and receive money when you link a bank account, debit card, or prepaid debit card.

👎 Drawbacks:

Transfers can take some time to move to and from your bank account to your PayPal account. Free transfers from PayPal to your bank account usually take one business day, but can take up to three to five business days depending on your bank’s clearing process.

2. Venmo

👍 Benefits:

Venmo is owned by PayPal, however the two apps are very different. Venmo is designed primarily to send money to friends, with an embedded social aspect. And, while you can sign in and access your account on the internet, it is a mobile-first experience.

👎 Drawbacks:

There are a few types of fees: one to send money via credit card, one e for instant cash-out transfers to your bank account, and a 1% fee if you want to transfer your Venmo funds instantly to your bank account. Otherwise, you’ll have to wait one to three business days to receive your funds for free.

3. Zelle

👍 Benefits:

Zelle can send and deliver money within minutes between bank accounts at different financial institutions. And unlike other P2P apps listed, Zelle’s service might already be on your smartphone. If your bank isn’t part of the network, Zelle is also available as a standalone app.

👎 Drawbacks:

You can’t send money to international bank accounts because Zelle only works with domestic banks. You also can’t use a credit card to send money – a feature that’s available with other P2P payment apps.

4. Google Pay

👍 Benefits:

Google Pay is unique in its integrations with other Google products, including Gmail. If you have a Google account, you are essentially already signed up for Google Pay. The app can be downloaded to Android and Apple devices and allows users to send each other money as well as pay retailers for goods and services.

👎 Drawbacks:

Google Pay doesn’t allow users to link credit cards as a form of payment and is only available in the United States. For U.S. territories, Google Pay is only supported if a linked debit card is issued by a U.S.-licensed bank.

5. Cash App

👍 Benefits:

Cash App has a wallet feature that allows you to send money from a linked account without holding funds in your digital wallet. Cash App recently added the ability to buy and sell bitcoins to the app as well, which gives it a unique feature compared to other P2P apps.

👎 Drawbacks:

There’s a 3% fee to send money via credit card and a fee for instant deposits. Cash App offers free standard cash outs — which take one to three business days to deposit to your linked debit card — but if you want an instant cash out deposit, Cash App will charge a 1.5% fee.

Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank or Stride Bank N.A.; Members FDIC

Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.

Chime News

Send money to anyone, even if they’re not on Chime. They claim funds to their bank account instantly¹ and for free.

Chime Team • April 13, 2021

Pay Anyone is this awesome way Chime members can send and receive money fee-free. Up until now, Chime members could only give and get money with friends that had a Chime account. That all changes today.

Because Chime is better with friends, members can spread the love (and money) to anyone regardless if they have a Chime account or not.

Better banking for everyone

Fee-free overdraft up to $2001
No hidden fees2
Get paid up to 2 days early with direct deposit3

Ok, we know what you might be thinking:

“They have to be on Chime to receive money?” Nope. They don’t need to be on Chime or download an app. They can claim funds instantly¹ to their bank account using a valid debit card.
“I still have to use other payment apps.” Again, nope. You can send money to anyone, whether they’re on Chime or not, all within the Chime app.
“One of us will be charged a fee.” Gasp, no! Fee-free means no fees to you for sending and no fees for them to claim funds instantly⁴.

1. Go to the Pay Anyone tab

2. Find your friend on Chime, or enter email/phone # of someone who isn’t on Chime

3. Enter a dollar amount and note (like an emoji)

4. Choose “Pay”

5. Your friend has 14 days to enter their required info and instantly claim the funds!

Whether you need to go dutch on a meal, pay the babysitter, or just treat a family member, Chime has you covered. Paying anyone has never been easier.

Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

1 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 and Visa debit card activation. 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. Your limit will be displayed to you 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 there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See terms and conditions.

2 Out-of-network ATM withdrawal fees apply except at MoneyPass ATMs in a 7-Eleven location or any Allpoint or Visa Plus Alliance ATM. Other fees such as third-party and cash deposit fees may apply.

3 Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. 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.

4 Funds are automatically debited from your Checking Account and typically deposited into the recipient’s Checking Account within seconds. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.

How do I transfer money from someone's bank account to a Chime?

Select the Pay Anyone tab..

Search for your friend's name or $ChimeSign, or enter the email or phone number of someone who isn't on Chime..

Enter the amount to send to the recipient and the reason that you're sending the money..

Confirm the amount and the recipient..

How long does it take to transfer money from Chime to another bank?

When you transfer money to your external bank account, it can take 3-5 business days for the money to appear in your account, depending on your external bank's policies. Chime does not impose a limit on ACH transfers that are initiated from an external account.

How long does it take to transfer money to Chime?

Up to 5 (five) business days from the date the transfer was initiated (Monday-Friday) excluding federal holidays. Bank transfers from an external account: These deposits are typically received within 3 (three) business days from the date the transfer was initiated by the originating bank.