SpotMe lets you spend more than what’s in your account, but it’s not money you get to keep. It’s Chime covering the difference for you—temporarily.
We cover the transaction now, and you pay it back automatically when money hits your account (your next direct deposit, transfer, or cash deposit). See What does SpotMe cover?
If you try to spend more than what’s in your account plus your SpotMe limit, the transaction will be declined.
Here’s an example:
- Let’s say your balance is $5 and your SpotMe limit is $20. That means you can spend up to $25. If you try to spend more than that, the transaction will be declined.
Read How is my SpotMe Limit Determined? for details about how your limit is set.
Want to know if you’re eligible for SpotMe? Visit Am I eligible for SpotMe?
SpotMe® for Credit Builder is an optional, no interest/no fee overdraft line of credit tied to the Secured Deposit Account. SpotMe on Debit is an optional, no fee service attached to your Chime Checking Account (individually or collectively, “SpotMe”). Eligibility for SpotMe requires $200 or more in qualifying direct deposits to your Chime Checking Account each month.
Qualifying members will be allowed to overdraw their Chime Checking Account and/or their Secured Deposit Account up to $20 in total, but may be later eligible for a higher combined limit of up to $200 or more based on member’s Chime account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your SpotMe Limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your SpotMe Limit. Your SpotMe Limit may change at any time, at Chime or its banking partners’ discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions or OTC cash withdrawal fees at retailers. SpotMe won't cover non card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe Terms and Conditions.