Child Tax Credit

Check out our FAQ below if you have questions regarding the Child Tax Credit payment and your Chime account.

Update: Monthly Child Tax Credits expired December 2021. As a result, eligible taxpayers will no longer receive a monthly advance payment of their Child Tax Credit following the final deposit on December 14, 2021. For more info, visit

How do I know if I’m eligible for the Child Tax Credit?

You can visit the IRS Advance Child Tax Credit Eligibility Assistant page to check your eligibility. 

When will Child Tax Credits be deposited into Chime Checking Accounts?

The IRS has indicated they will issue advance Child Tax Credit payments on July 15, August 13, September 15, October 15, November 15, and December 15 to eligible taxpayers. 

The timing of a direct deposit payment can vary and will depend on when the IRS sends the monthly payment. Direct deposit payments will be posted to Chime Checking Accounts as soon as they’re available. Be sure to visit the IRS Advance Payment Process page for more information. 

Will Chime members receive Child Tax Credits early?

As with all direct deposits, they will be made available as soon as possible. Unfortunately, we have no way to track the status of these payments until they arrive, but Chime members may get Child Tax Credit payments early.

How do I provide the IRS with changes to my personal information, tax return filing, or other details related to Child Tax Credit payments?

The IRS has provided details about how to make changes to your information in their Child Tax Credit Update Portal.

Will receiving a Child Tax Credit deposit make me eligible for SpotMe, Credit Builder, or referral bonus?

Right now, the Child Tax Credit won’t provide access to Credit Builder or the referral bonus. We’re hoping to make changes in the future, so stay tuned for updates.

Members who have received their Child Tax Credit are eligible to enroll in SpotMe®. For more information on SpotMe and how to enroll, visit the SpotMe section of the Help Center.

Can I opt-out of the Child Tax Credit?

Advance payments of the Child Tax Credit will begin in the summer of 2021. Half the total credit amount will be paid in advance monthly payments and eligible taxpayers may claim the other half when they file their 2021 income tax return.

For those that prefer to receive their Child Tax Credit in full with their 2021 income tax return, they may unenroll from advance payments by visiting the Child Tax Credit Update Portal.

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