Finance

What Is Chime Withdrawal Limit & Spending Limit On Your Account?

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To make the best use of this online banking service, customers need to be aware of Chime withdrawal limit and spending limits that should adhere to.

What Will We Talk About Here?

What Is Chime Withdrawal Limit?

Chime lets you transfer funds to other accounts and receive funds on your Chime account by others, all in a complete secure manner.

However, it does impose certain withdrawal and spending limits so users can keep a check on their savings.

  • Let us first talk about Chime withdrawal limit.

The withdrawal limit on your Chime account would depend on where and how you are taking out the cash. Typically, Chime has four withdrawal options.

  1. Chime ATM withdrawals
  2. Over-the-counter withdrawals
  3. Cash backs
  4. Taking out money with PIN
Attention! There is no limit on how many time you can withdraw from you Chime account. The restriction is on the total amount of money that are allowed to take out.

The limit on the amount of cash that you can take out or transfer from Chime to other accounts would vary from one option to the other. Below is a quick summary of what the limits are for each one.

Chime ATM Withdrawals

Chime ATM withdrawal typically has a limit of $500 per day.

However, you need to keep in mind that certain ATMs may set a lower limit specific to them only. In this case, you have to make multiple withdrawals to get the amount that you need.

Chime Over-The Counter Withdrawal Limit

Over-the-counter withdrawal requires you to provide your debit card at a bank or a credit union. The representative would then take out cash from the amount present in your card and hand it to you.

This type of withdrawal has a limit set at $500. You would have to pay $2.5 per transaction. It is a Chime transfer fee which is independent from the charges that the bank or credit union would impose.

Cash Back at Point of Sale

The bank offers handsome cash backs when shopping at specific stores such as Walmart or Target. Consequently, there is a limit on how much of the cash back you can withdraw at these point but the exact amount varies from one merchant to another.

It is best to get in touch with their customer support team to ensure what the withdrawal limit is.

Withdrawals That Require Signature or Pin

This is a combination of various withdrawal methods such as ATM, over-the-counter, and cash backs that we have discussed above. Taking all these into account, Chime has set $2,500 withdrawal limit per day.

What Is Chime Spending Limit?

Chime spending limit would be applicable on all the money transfers that you make from your account including the transfer from Chime to other apps like PayPal.

The spending limit is the same as the withdrawal limit It restricts the amount of money that you can spend in a day via your Chime account.

You should not incur any problem with the banking system as long as you don’t over do the limits set by Chime.

  • You can also increase Chime spending limit although it would be a long process.

The only way to get this done is to maintain a good overall balance, maintain good Chime account history and ensure that you are regularly getting direct deposits in your account.

These practices would eventually result in the Chime authorities increasing your spending limit automatically.

Chime Daily Withdrawal Limit – In a Nutshell

Type of Withdrawal Withdrawal Limit
ATM Cash Withdrawal $500 per day
Over-The Counter Withdrawal $500 per day
Cash-Out Using PIN $2,500 per day
Cash Back at Retail Stores $40 to $100 depending on store

Extra Reading

The Best Withdrawal Method With a Chime Account

There is a limit on how much you can take out from your account every day.

  • However, if you are really concerned about the amount of cash you can withdraw, then some of the methods are more helpful than the others.

For example, cash back at retailer is most convenient approach if you want to get money easily. Nonetheless, even with this method, you can not obtain more than $500 and no merchant would typically offer this amount on a single sale.

Tip! You can make multiple purchases at different retailers if you want to get money more than $500.

Then you can also opt for over-the-counter withdrawal since this method has fees lesser than that of ATM transactions.

Chime Online Bank – Everything You Need To Know

Chime is an online platform with no physical branch. It became quite famous in the recent years with the introduction of credit-rebuilding tools and an impeccable Chime debit card that you can easily reload and use.

When you found out that there is no physical branch, your first impression might be “Oh that is uncomfortable!”

However, Chime online system is just as efficient with minimum fees of cash withdrawal and easy accessibility to all its tools. In fact, most of its services are free of cost!

The Bottom Line

Chime is an impeccable online banking system that has put forward some spending and withdrawal limits to help customers who wish to improve their savings.

Some users to opt to delete Chime account thinking its not being helpful with money management. However, if you learn all about transfer limits, you can manage your finances more efficiently every day!

Frequently Asked Questions About Chime Withdrawal Limits

Where can I find Chime ATM for withdrawal?

You can visit Chime official website and use its Finder to locate the ATM and Cash Back locations that are closest to you. Moreover, Chime app has ATM Map located towards the bottom-right corner of the screen.

Can I withdraw from Chime savings account using an ATM?

Yes. You can take out money from your Savings account using an ATM. In total, you are allowed to make 6 transfers in a month.

How much cash can you withdraw at the register with your Chime account?

There is also a limit on how much of the cash back you can withdraw at the stores but the exact amount varies from one merchant to another. It is best to get in touch with their customer support team to ensure what the withdrawal limit is. Some allow $40 while other offer up to $100.

How much cash back can I get with Chime?

This type of withdrawal has a limit set at $500. You would have to pay $2.5 per transaction. It is a Chime transfer fee which is independent from the charges that the bank or credit union would impose.

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