One of the big complaints about online-only banks* is what to do with cash. Note that bank* transfers can take up to five to seven business days to clear, however. You can receive direct deposits up to two days earlier than scheduled with early access direct deposit 6. You’re eligible for SpotMe® if you have a qualifying monthly direct deposit of up to $200 into your Chime Checking Account. For any larger amount, the transaction is declined to save you a non-sufficient funds charge. Chime created SpotMe® 7, which covers overdrafts starting at $20 and all the way up to $200 over time.
You don’t have to worry about overdraft charges either. Chime works with retailers such as Walmart, Walgreens, Target, CVS and Rite Aid that don’t charge you a fee for cash back. You can easily avoid the fee if you stick with the over 60,000 free 3 ATMs 8 or ask for cash back at 38,000 participating locations when you make a purchase using your debit card. As for charges, there is only a $2.50 fee for over-the-counter and out-of-network ATM withdrawals.
