What is Automatic Savings?
Our Automatic Savings features are designed to make it easier by helping you save money without thinking about it. Chime offers two different Automatic Savings features: Save When I Get Paid and Round Ups.
Save When I Get Paid
When you enable the Save When I Get Paid feature, we’ll automatically transfer 10% of your incoming bank transfers or direct deposits over $500 to your Savings Account.
When you enable the Round Ups feature, each time you use your Chime Visa® Debit Card to make a purchase, we round up the transaction amount to the nearest dollar. The round up amount then gets automatically transferred from your Checking Account to your Savings Account.
For example: If you make a purchase for $10.27 using your Chime Visa® Debit Card, the total amount charged to your Checking Account would be $11, and the round-up amount of $0.73 will be automatically transferred to your Savings Account when the transaction settles.
Frequently Asked Questions
How do I turn these features on or off?
You can turn either of these features on or off at any time using the Chime mobile app or on the Chime website.
- From the home screen, tap the gear icon to open Settings.
- Tap Account Settings.
- Locate Savings.
- Toggle Save when I get paid or Round ups to the desired position..
- Green means on.
- Gray means off.