Yes. If your Instant Loan was in default because it was at least 70 days overdue, funds from your Chime checking account may have been used to pay off the full loan balance* This only happens if:
- You received a default and right to cure notice at least 20 days in advance, and
- There was enough money in your account to cover the full loan balance when the repayment was attempted.
*Loans are made by The Bancorp Bank, N.A., which may exercise its right of offset to collect payment in default situations.