To avoid this one-time payment, pay off your full Instant Loan balance before the deadline listed in the notice Chime sent you.
This email is different from regular payment reminders —it is a default and right to cure notice. It clearly states that your loan was in default because it was at least 70 days overdue, and it gives you 20 days to pay on your own.
If there isn’t enough money in your account when the repayment attempt is made, no funds will be withdrawn.
*Loans are made by The Bancorp Bank, N.A., which may exercise its right of offset to collect payment in default situations.