Getting a Payday Loan With a Chime Account
| Do lenders accept Chime? | Many do, like any checking account |
|---|---|
| What you'll need | Chime routing and account numbers |
| Is Chime a bank? | No; banking by The Bancorp Bank, N.A. or Stride Bank, N.A. |
| Amounts via our network | $100–$5,000, by state and lender |
| Funding | Often next business day |
| Cost to use our form | Free, no obligation |
Yes, you can use Chime for a payday loan
If Chime is where your paycheck lands, you can use it to get a loan. A Chime Checking Account has a routing number and account number, which is exactly what an online lender needs to deposit your funds and set up repayment. Chime itself is a financial technology company, not a bank; its accounts are provided by The Bancorp Bank, N.A. or Stride Bank, N.A.
Zebra Finance isn't affiliated with Chime. We're a free matching service: enter your Chime details on our form, and we share your request with lenders in our network that serve your state. See if you qualify — it takes about 3 minutes.
How to apply with your Chime account
- Find your routing and account numbers in the Chime app. Use these, not your debit card number.
- Download your last two or three monthly statements in case a lender asks for them.
- Make sure your income lands in the account. Lenders look for repeating deposits from an employer or benefits agency.
- Fill out our form with the amount you need. It takes about 3 minutes.
- Review your offer. Note the due date and how the lender will collect repayment.
If a lender asks to link your account, use the lender's secure connection. Never share your Chime password or one-time codes with anyone; a legitimate lender doesn't need them.
What a lender looks at in your Chime account
When you link an account or upload statements, a lender usually reviews:
- Income deposits: the source, the amount and how regularly they arrive.
- Balance pattern: how your balance moves between paydays.
- Account age: a few months of history gives the lender more to go on.
- Payment history: whether past automatic payments went through.
None of this is unique to Chime. A steady deposit history on any account improves your odds and your terms. If your pay arrives in Chime on a regular schedule and your balance doesn't run to zero right before each payday, that pattern works in your favor.
Why a lender might not accept an account
Most lenders treat Chime like any checking account, but a few may not, for reasons like these:
- Verification: if the lender's system can't connect to or read the account, the application may stall. Uploading statements can solve it.
- Lender policy: some lenders set their own rules about online-only accounts. That's a lender choice, not a law.
- New account: an account opened very recently may not show enough deposit history yet.
If you recently moved your direct deposit to Chime, your old bank's statements may help show a longer income history. Because our form reaches multiple lenders in our network, you have more than one chance to be matched. And if one lender's system can't connect to your account, another lender may accept uploaded statements instead, so keep a recent PDF statement handy on your phone.
What a payday loan costs
Payday lenders charge a flat fee per $100, set within your state's limit, commonly $10 to $30 per $100. At a sample $15 per $100:
- $200 loan: $30 fee, repay $230
- $300 loan: $45 fee, repay $345
- $500 loan: $75 fee, repay $575
Your lender shows the exact APR and terms before you sign. Try other amounts with the payday loan calculator. Need more time to repay? An installment loan spreads the cost across several payments.
Chime's own features
Chime offers features for eligible members, described on its website. SpotMe provides fee-free overdraft coverage on debit card purchases and cash withdrawals, starting at $20 and potentially up to $200, for members with $200 or more in qualifying direct deposits each month. MyPay is an advance on pay before payday, with limits that vary by member; Chime says funds are free if you wait about 24 hours, with a fee for instant delivery. Terms can change, so check chime.com for current details.
If you need more than those features provide, or don't meet the direct-deposit requirements, a loan through our network can cover $100 to $5,000.
Repaying from your Chime account
- Know your due date. Most lenders collect automatically on the due date, so make sure the money is in the account that morning.
- Line it up with payday. Chime may make direct deposits available early; plan your due date around when your pay actually arrives.
- Talk to your lender early if something changes, before the due date.
- You stay in control of debits. Under Regulation E, you can stop a preauthorized electronic transfer by notifying your account provider at least three business days before it's scheduled. Stopping a debit doesn't cancel what you owe, so arrange another way to pay with the lender.
Using Zebra Finance with Chime
- Fill out the form. Enter the amount, your contact details, income and bank information. It takes about 3 minutes.
- Get matched. We send your request to lenders in our network that serve your state.
- Review your offer. If a lender approves you, you see the amount, APR, payment schedule and total to repay before you sign.
- Get your money. Accept, e-sign, and funds are often deposited the next business day.
Zebra Finance is a free loan-matching service, not a lender. Whether you get an offer, and for how much, is up to the lender and your state's rules. You are never obligated to accept.
Related: loans without direct deposit and online payday loans. Ready? Request your loan with Chime.
Frequently asked questions
Can you get a payday loan with Chime?
Often, yes. Many payday and installment lenders accept a Chime Checking Account like any other checking account, since it has a routing and account number for deposits and payments. A few lenders may not accept online-only accounts. Our form reaches multiple lenders in our network, giving you more chances to be matched.
What do I need to apply for a loan with Chime?
You'll need your Chime routing and account numbers from the app, a government-issued photo ID, proof of regular income, and a phone number and email. Having two or three recent Chime statements ready helps if a lender wants to confirm your deposits. You must be at least 18 and live in a state the lender serves.
Why was my Chime account rejected for a loan?
Common reasons include a lender's system not being able to verify the account, a lender policy on online-only accounts, or a new account without enough deposit history. Uploading statements or applying again after a few more paychecks can help. Submitting through our form gives you access to multiple lenders.
How fast can I get a loan deposited to Chime?
Our form takes about 3 minutes, many lenders decide within minutes, and approved funds are often deposited to your Chime account the next business day. Deposits generally don't post on weekends or federal holidays, so applying early on a weekday is the fastest route.
Is Chime a bank?
No. Chime is a financial technology company. Its banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., which are FDIC members. For lending purposes, a Chime Checking Account works like a regular checking account with its own routing and account numbers.
Sources
- Chime — SpotMe
- Chime — MyPay
- eCFR — 12 CFR 1005.10 (preauthorized electronic transfers)
- CFPB — What is a payday loan?