You can transfer money from a bank account to Cash App to use for shopping online, sending money to other Cash App account holders, and so on. You must learn how to transfer money from chime to Cash App step by step to avoid inconveniences. I will show you how to carry out the transfer process later on in this article.
Cash App itself is a mobile wallet that enables you to transact online using your smartphone or tablet via an app. You can get it in the Google Play Store if you use an Android smartphone or in the App Store for Apple smartphone users. You can as well access the Cash App account using your computer by visiting their website using your browser. Google Chrome is the most suitable browser for the activity.
You can transfer money using the routing number and account number from your bank account to your Cash App account. When transferring money from your Chime Bank account to your Cash App account you treat Cash App as a separate bank and that is why you need to provide the routing number alongside your bank account number for direct deposits. You need to log into your Chime bank account online to initiate the transfer process.
Chime Bank
Chime was founded in 2013 by Chris Britt and Ryan King as a private financial service provider. It is an American online bank company that provides fee-free financial services through a mobile app. It has no physical branches like many banks such as Bank of America, Chase Bank, and U.S. Bank. It does not charge monthly or overdraft fees.
Chime bank’s headquarters are in San Francisco, California. The company has grown tremendously and as of February 2020, Chime had 8 million account holders. Account-holders use a mobile app or website to access banking services. Either Android or smartphone users can access their accounts with ease. Furthermore, Chime bank is safe to have an account with since they have FDIC insurance up to $250,000 per depositor.
Chime bank partners with two other banks to manage accounts. These are Bancorp and Stride Banks. Chime products include an automated savings feature, checking accounts with no minimum balance, and early wage access. Chime pays account holders two days earlier. Again, Chime users also get Visa debit cards with free access to over 30,000 ATMs.
You can link the Visa card to other online financial services such as Cash App, Google Pay, Facebook Pay, and PayPal among others to fund transactions such as sending money or paying for goods and services. PayPal is one of the best ways to transfer money internationally. It is acceptable in over 200 countries of the world.
Interestingly, Chime Bank has a fee-free overdraft service called SpotMe, where customers can overdraw their accounts up to $100 and no overdraft fee is charged. Once you reach the maximum overdraft amount, no more transactions are accepted.
What is required to open a Chime account?
When opening an account with Chime, there are various things you require apart from being an adult. Opening a bank is an activity that requires you to prepare well by first deciding the kind of bank account you want. The bank offers either a checking or savings account.
The following are the things you need to open either a checking or a savings account.
- Government ID
- Social Security Number (SSN)
- Physical Address
You may have to provide your phone number and your email address in the application process. Since Chime is an online bank, you will have to visit their website and apply. Upload all the required documents and once you are through, you can then download the Chime mobile app to access your account. You may also request the Visa debit card during the application process.
The good news is that Chime bank works the same as other banks only that it has no physical branch. You can send money with a checking account number, pay for goods and services online, deposit checks among other kinds of transactions.
Is Chime a trusted money transfer way?
Yes, Chime is a secure banking service provider trusted by millions of Americans. As I had mentioned earlier, the money in your Chime account has FDIC insurance that makes it, even more, safer in incase your banking institution fails.
FDIC is an independent agency of the United States government that protects the depositor’s money from loss when a banking institution collapses due to financial problems or mismanagement.
Another reason why Chime has gained trust among the customers is good customer care. You can always reach them by phone at 844-244-6363, by email via [email protected], or chat with them on the mobile app.
Can I send money worldwide with Chime?
Chime does not allow wire transfers. If you want to transfer money internationally, you may not use Chime directly but will require service providers such as MoneyGram, TransferWise, or Xoom. Of course, there is a transfer fee that you must incur in the process and you should analyze every service provider.
With an account with an international money transfer service provider, you can transfer money from your bank account to your service provider’s account and then initiate the transfer to someone else outside the US. Keep in mind the conversion rate of the US Dollar and the local currency of the recipient. Note that the recipient does not need a TransferWise account but just a bank account.
Again, you can use other platforms such as PayPal. You may have a question like: “can I use PayPal to transfer money internationally?” well, PayPal allows you to send money internationally. You can use your Chime Bank account or your Visa debit card to fund your PayPal account and then send money to people in other countries.
How do I add money to my Chime account?
The commonest way you can add money to your Chime account is by providing your account number and the Chime routing number to your employer, client, or anyone wishing to send money to your bank account. If they belong to Chime bank, your account number will be enough.
To access your account and routing number, open your app and navigate to “Move Money”, then select “Settings”. You can also get the details by logging in to your account online.
Moreover, you can link your Chime bank account to another bank’s account online either via app or online. Simply visit the Chime app and navigate to Move Money, and select Transfers. You will get a prompt to enter your other bank’s credentials to link the bank account with Chime Bank. Remember the other bank account may be from Chase.
Banks you can link to Chase include Bank of America, Wells Fargo, Citi, US Bank, USAA, Capital One 360, TD Bank, Fidelity, Navy Federal, Charles Schwab, PNC Bank, and SunTrust.
Furthermore, you can use payment cards from other banks to transfer money to your Chime debit card if you know how to transfer money from one debit card to another online.
How to transfer money from Chime to Cash App step by step
Back to our main agenda on how you can transfer money from Chime bank to a Cash App account. The step by step process involves the following.
1) Create a Chime bank account
The first thing is to create a Chime bank account if you do not have one. As I had mentioned earlier, you need the Government ID, the Social Security Number, and the Physical address among others. You can open your Chime account online using your smartphone, tablet, or computer and upload the documents. The application process takes around two minutes to complete and they send you the Visa debit card to your address.
2) Add Chime Bank Account to Cash App
Once you have completed opening your Chime bank account, open your Cash App, and tap the profile picture whereby you will get an option to add your bank account. Any other added bank account and payment card will appear here. You also need to do the same if you are using a browser.
You may also add other cards such as a second chance credit card with no security deposit in the list and not necessarily chime. Once the addition is successful, your Chime bank account will appear on the list of the added bank accounts.
3) Make sure that everything is ok
You have to confirm that the account number of your Chime account is correct. If there is anything else you have left out, you will be requested to add. Make sure that you are careful as some suspicious activity may have your account flagged and may be locked.
Also, test whether Chime will allow you to transfer money to Cash App by sending even a $1. A small amount will not harm you in case of any failures.
4) Make a transaction
Now that you have successfully linked your bank account to the Cash App, you can add money to the Cash App from your bank account by allowing your bank account balance to fund your Cash App transactions. As well, you can make a direct deposit from your Chime Bank account to Cash App using the routing and account number of the Cash App account.
How to transfer money from Chime to Cash app without debit card
If you do not have a Chime bank debit card, you can still transfer funds to Cash App. There is no shortcut on this issue as you only need to link your Chime account with the Cash App account. Login into your Chime account, and navigate to the profile settings. Here, you will add your Cash App credentials such as account number.
The steps involved are;
- Open your Chime account using your smartphone or computer.
- Move to the transfer money option and enter the amount to transfer and hit the proceed button.
- Enter the Cash App details such as name, phone number, and email address.
- Click Pay and the money will move to the Cash App account. To confirm, check your balance within the specified period.
If you were to use your Chime Visa debit card, you will have added the card number, the card expiry date, and the CVV number.
How to send money from Chime to a bank account
You can easily send money from your Chime account to another person’s bank account. If you are sending money to another Chime account holder, the transfer will occur immediately. The funds also reflect immediately on the other person’s account.
If you are sending money to a bank account of a different bank, you need the account and routing numbers of the recipient. Money to other banks does not reflect immediately and can take 3-5 days for the recipient to get the money. Funds take that long to reflect because the receiving bank has to ensure that there is no fraud associated with the money.
Also, you can make payments to a service provider to their bank account if you know how to withdraw money with an account and routing number. You can make it a recurring payment so that every month, a certain amount goes to the service providers’ account.
Bottom line
It is easy to transfer funds from Chime to Cash App online using your smartphone, tablet, or computer. Chime is a bank like any other but does not have physical branches. You need to have a Chime bank’s account before initiating the transfer. Chime does not support wire transfers but you can use service providers such as TransferWise, MoneyGram, and Xoom.
