Updated on August 14, 2022
Majority of Chime users desire the security of a traditional bank along with the convenience of an online bank. Now, Chime Mobile Check Deposit feature is ready to deliver that!
What We Will Talk About Here?
1. You can deposit check via Chime mobile app by Open account > Move money > Add funds > Mobile check deposit > Type of account > Amount of money > “For Deposit Only” > Verify.
2. Check deposits are limited to a maximum of $2000 per month.
3. The number of checks can not exceed 10 during a single month.
…and Much More!
Chime Mobile Check Deposit – Your Non-Traditional Banking!
Chime is a popular choice for tech-savvy millennials because it is an online-only bank (without most fees). It connects with a variety of payday lending apps and allows users to borrow money.
You can also deposit a check using Chime’s mobile app, which is a convenient and time-saving option.
Depositing checks at a bank branch is still the standard practise. Waiting in line can take a long time!
Chime, on the other hand, allows you to deposit checks digitally from the convenience of your own home via mobile check deposit.
Contrary to Cash App and Venmo, deposits made through Chime are protected by the Federal Deposit Insurance Corporation (FDIC).
How to Deposit a Check Using Chime Mobile App
- Open the Chime Mobile App
- Tap the bottom-left option Move Money.
- Select Add Funds.
- Then, from the list of options, choose “Mobile Check Deposit” (camera symbol).
- Then choose the account type where you want to deposit the check.
- The amount of the check will be entered next.
- Sign your paper check on the back and don’t forget to write “For deposit only” underneath your signature.
- You must now take a picture of both the sides of the check.
- Review the deposit data such as the amount, account number, and so on.
- Verify the deposit.
Chime generally takes 24 hours to credit your account balance once the check is approved. As for the weekend, it will be transacted and seen your account the next working day.
Limitation on Check Deposits by Chime
This month’s check deposit limit is $2000. No more than ten checks can be run in a single month.
Chime Withdrawal Limit and Spending Limit may be of interest to you.
Depositing Chime Mobile Checks by the Due Date
By 5 p.m. the next business day, the mobile check will have been deposited.
Next week (Monday through Thursday) and the following Monday if the deposit was made on Friday.
It’s possible to see pending transactions from a check deposit. Once the check is in pending status, it usually takes Chime a few hours to approve or reject it.
How to Avoid Getting Your Check Denied
Checks may be rejected if the information on the payers or the facts of the transaction cannot be verified. Chime’s customer service can be contacted if it hasn’t appeared on your account within 24 hours.
Additionally, check to see that the image is crystal-clear on all sides.
For a clearer picture, try cleaning the camera’s lens. As an additional precaution, make sure there is adequate light for your camera to capture the finer details on your bank statement.
A comparison of Chime’s Expenditures versus Savings
An account with Chime doesn’t demand a minimum balance and doesn’t charge any fees. There is no charge to use an ATM that is part of a network. Direct deposit is also an option with Chime’s spending account.
If you’re unable to set up a traditional bank account but still want to get paid, this is a viable option.
High-yield savings accounts at Chime pay 0.50% API. There are no monthly fees, and there is no requirement for a minimum balance. There is no limit to how much interest you can earn.
In order to earn interest, your account must contain at least one cent. However, you must first have a Chime Spending Account in order to open a Chime Savings Account.
The Bottom Line
With just a few mouse clicks, you may use Chime’s mobile deposit feature to make a deposit.
Make sure to take good images of checks and double-check the facts before submitting them. Let the money in your account sit there for at least 24 hours.
Frequently Asked Questions About Chime Mobile Check Deposit
Who may use Chime to make a check deposit?
To use the Chime mobile check deposit service, you must have deposited at least $200 from your regular paycheck directly into your account.
What is the cost of using Chime to deposit a check?
Depositing checks with Chime does not incur any fees. In contrast, out-of-network ATM withdrawals are subject to a $2.50 transaction fee.
How long does it take to deposit and mail a check using Chime?
How long it will take to obtain your money is unknown. If a week has passed and the money has not arrived, you should call the bank that issued the loan to find out why.
Furthermore, it takes 2 to 5 business days to send a check from your Chime Checkbook to a payee.
What happens if you don’t get your Chime check back?
Checks become bad if they aren’t cashed within 180 days, or around six months. When the specified time period has passed, Chime will automatically credit your account with the refunded amount.
Is it possible to cancel a Chime check while it is en route?
Yes. Only checks that haven’t been cashed can be reissued.
Once your money has been released, there is no way to get it back. In order to cancel an unprocessed check, all you need to do is call the Chime customer service line at 1-844-244-6363.