Chime doesn't charge extra fees for missed payments on instant loans. The missed amount is added to your next scheduled payment. However, payments over 30 days late may affect your credit score and will impact your eligibility for other Chime services, like increasing your SpotMe® limit and MyPay®.
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.
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