What happens if I miss a payment on my Instant Loan?

If you miss a payment, Chime won't charge any late fees or extra interest.

The missed amount will be added to your next scheduled payment. This means your next payment will include both the original amount and the missed payment.

However, keep in mind that if you're 15 days or more past due, you may become ineligible for SpotMe® and MyPay®. Also, once a payment is 30 days late or more, it will be reported to the credit bureaus and could negatively impact your credit score.

Loans are made by The Bancorp Bank, N.A.

Chime® is a financial technology company, not an FDIC-insured bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.

The Chime Visa® Debit Card and the secured Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank, N.A., pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. Please see back of your Card for its issuing bank.