Chime is a popular banking app that is known for its user-friendly costs, including a free checking account, and no-monthly or overdraft fees. So when it comes to ATM withdrawals, you may be wondering about withdrawal fees and the different methods of withdrawing cash.
Let’s dive into everything you need to know about using ATMs with Chime.
How To Withdraw Money From Your Chime Account Using An ATM:
With Chime, you can withdraw up to $500 daily from over 60’000 fee-free ATMs located around the country, which can be located in the Chime app via their ATM finder. If you don’t have access to your Chime Card, then you won’t be able to withdraw cash from an ATM and will have to use an alternative method to access your cash, such as a bank transfer.
What ATMs Can You Use For Free?
With Chime, if you use an out-of-network ATM to withdraw cash then you will be charged $2.50 for each transaction, and as withdrawing cash with Chime is essentially a cash advance, it’s advisable to avoid interest and additional fees.
To avoid withdrawal fees, Chime recommends using one of the 60’000+ fee-free in-network ATMs. They’re readily accessible in stores such as Walgreens and 7-Eleven. To find them, log into the Chime app to view the ATM map and locate the ones nearby. Alternatively, you can visit Chime’s website and locate the fee-free ATMs.
How Much Does Chime Charge Per ATM Withdrawal?
When using one of the 60,000+ fee-free ATMs to withdraw cash with your Chime card, including MoneyPass at 7-Eleven, and Allpoint or Visa Plus Alliance ATMs, then Chime doesn’t charge any fees. On the contrary, Chime makes money when you use fee-charging out-of-network ATMs, where you’ll be charged a fee of $2.50. Also, there may be an additional fee charged by the provider of the out-of-network ATM you are withdrawing cash from.
How Much Can You Withdraw From Your Chime Account At An ATM? (Daily Withdrawal Limit)
It’s possible to withdraw cash on your Chime Debit or Credit Builder Card at a functional ATM, although, withdrawals are limited to $500 per day. Also, there isn’t a daily limit placed on the number of times that you can withdraw money from an ATM. For withdrawing more than the daily $500 limit, it’s possible to request an outgoing wire transfer from your Chime account into a linked bank account.
Additionally, if the reason you’re withdrawing cash is to pay for goods and services, then in most instances it’s possible to use your Chime card (Signature & PIN) to pay without cash. There is a $2500 daily spending limit if you choose this method.
How Can I Withdraw Money From My Chime Account Without My Card?
It’s not possible to withdraw money from your Chime account without your card, as your Chime account isn’t linked with any ATMs that would enable you to withdraw cash. However, there are alternative ways to access your money, which are outlined below.
Transfer to a Linked Bank Account
You can make bank transfers from your Chime account in a few simple steps.
- Open the Chime app and navigate to the Move money option at the bottom of the screen.
- Click on Transfer from other banks,
- Then you can move money from your Chime Spending account to other bank accounts linked to your account.
Use The Pay Anyone Feature
It’s possible to transfer money fee-free to people without them needing to be signed up with Chime or having to download the app. For reference, for Chime members, the money transfer will be instant, but it may take longer to transfer for non-Chime members.
- Login to the Chime app
- Locate the Pay anyone tab at the bottom of the screen
- Find your friend who is on Chime or enter the email/phone number of those who aren’t
- Enter the amount you want to send and add an optional note
- Press Pay now
How To Withdraw All Money From Your Chime Account:
With Chime, there is a cash withdrawal limit of $500 per day from ATMs. If you want to withdraw more than this it may also be possible for you to withdraw up to $500 through cash back at a point of sales location, although an additional sale will have to be made beforehand. Finally, It’s also possible to withdraw $500 from over-the-counter withdrawals at participating banks, but there is a fee of $2.50 to use this method. Altogether, this totals a $1500 possible cash withdrawal per 24 hours.
For those with higher bank balances, then a bank transfer is advisable. With bank transfers, Chime imposes a transfer limit of $10,000 per day or $25,000 per month. If you have another bank account linked with Chime, then you can move your money by transferring it to this account. Finally, you can also use their Pay Anyone Feature to move cash out of your account and into somebody else’s account, who can then withdraw it for you.
You can also send money through an instant transfer via apps such as Venmo and Zelle. Although, external banks set their own limits and fees for banking transactions.
For those with higher bank balances than $25,000 and looking for fast cash withdrawal, you should contact Chime Support at 1-844-244-6363, or email them at email@example.com and they may be able to help with this issue.