How does SpotMe compare to overdraft protection and cash advance programs?

Most banks that offer overdraft protection require you to link a savings account or charge fees for overdrafts on your account. At Chime, we’re not like most banks. We believe in having our member’s backs and will allow you to overdraft up to $200* without charging a fee. We also do not require you to link your Savings Account to your Spending Account or charge you a fee to participate in SpotMe.

SpotMe only covers debit card purchases and cash withdrawals. It does not cover Pay Friends transfers, ACH transfers (including direct debits), or Chime Checkbook transactions.

*Chime SpotMe is an optional, no fee service that requires $200 in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases initially, but may be later eligible for a higher 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 limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. SpotMe won’t cover non-debit card purchases, including ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. See terms and conditions

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