Chime SpotMe offers fee-free overdrafts of up to $200 to eligible Chime members, providing a safety net when your balance runs low. Unlike traditional payday loans, there are no interest charges or overdraft fees to worry about. To qualify, you need to have a Chime Checking Account with an active Chime Visa® Debit Card or Credit Builder card and receive at least $200 in qualifying direct deposits over the past 34 days.

Your initial SpotMe limit starts at $20 and can increase up to $200 or more based on your account activity. When you make a debit card purchase or cash withdrawal that exceeds your balance, SpotMe covers the difference up to your limit. The negative balance is automatically repaid the next time you receive a deposit into your Chime account. While there's no interest or fees, you have the option to leave an optional tip after repaying your negative balance, but tipping doesn't affect your eligibility or limit.

Chime SpotMe integrates seamlessly with your Chime account, so there's no separate app or subscription fee required. It's a straightforward way to cover small shortfalls without the hassle of traditional overdraft fees or payday loans, making it a handy feature for managing short-term cash needs.

Chime SpotMe might work well for you if:

• Avoid overdraft fees: You need to cover small overdrafts without paying any fees or interest.
• Regular income: You receive regular direct deposits of $200 or more into your Chime Checking Account.
• No hidden fees: You prefer a service with no service fees, interest charges, or hidden fees.
• Flexible limits: You like the idea of your overdraft limit automatically increasing based on your account activity.

When Chime SpotMe might not be a good fit:

• Irregular deposits: If you don't receive qualifying direct deposits, you may not be eligible.
• Need higher limits: If you need to overdraft more than the maximum SpotMe limit.
• Non-covered transactions: If you need overdraft protection on ACH transfers, bill payments, or checks, which SpotMe doesn't cover.
• Not a Chime member: If you're not willing to open a Chime Checking Account or get the Chime Visa® Debit Card or Credit Builder Visa® Credit Card.

There are a few main criteria that will make you eligible for a cash advance from Chime SpotMe:

1. Age: You need to be at least 18 years old.
2. Chime Account: Have a Chime Checking Account and be a Chime member.
3. Active Card: Have an active physical Chime Visa® Debit Card or Chime Credit Builder Visa® Credit Card.
4. Direct Deposit: Receive at least one qualifying direct deposit of $200 or more into your Chime Checking Account over the past 34 days from your employer, payroll provider, gig economy payer, or benefits provider.

Chime will then determine your eligibility and SpotMe limit based on your account activity and direct deposits. No credit checks are required, and as you continue to receive regular qualifying direct deposits, you may become eligible for higher SpotMe limits over time.

With Chime SpotMe, you can access your cash advance instantly. There’s no waiting period—you can overdraft up to $200 on debit card purchases and cash withdrawals right away. Plus, there are no fees or interest charges for using SpotMe, so you get your money when you need it without any extra costs.

Chime will automatically deduct the amount you owe from your next deposit. Keep in mind that:

1. Automatic repayment: any money deposited into your Chime account will first go towards repaying your negative balance before you can access the rest.
2. No fees or interest: you won't be charged any fees or interest—just pay back what you borrowed.
3. Account suspension: if you don't repay, your SpotMe may be suspended, and you might not be able to use other Chime services until you pay back the amount.
4. No new advances: you won't be able to use SpotMe again until your negative balance is repaid.

Besides the fee-free overdraft protection that Chime SpotMe offers, there are some other features you might find interesting.

SpotMe Boosts

Chime's SpotMe Boosts let you temporarily increase a friend's SpotMe limit by $5. You can send and receive up to four Boosts per month, and each Boost lasts until the first day of the next month. It's a simple way to help out friends when they need a little extra.

Chime Credit Builder Visa® Credit Card

Chime also offers the Chime Credit Builder Visa® Credit Card, a secured credit card designed to help you build credit with everyday purchases. There are no annual fees, no interest charges, and no minimum security deposit required. Plus, SpotMe works with Credit Builder, giving you overdraft protection on your credit card purchases without affecting your credit score.

Optional Tips

While Chime SpotMe doesn't charge any fees or interest for overdrafts, you have the option to leave a tip after you've repaid your negative balance. Tipping is completely optional and doesn't affect your eligibility or SpotMe limits. It's just a way to help keep SpotMe fee-free for everyone.