What are the repayment changes for SpotMe, MyPay, and Instant Loans?

We've updated how incoming funds are used to repay balances on SpotMe, Instant Loans, and MyPay. We will now use any deposit into your Chime account, not just direct deposits, to repay an outstanding balance.

These changes took effect on July 21, 2025, and email notifications about the change were sent June 18–20. Once a repayment is applied, it can’t be reversed or disputed by an agent. If you’d like more details, you can review the full agreements at chime.com/policies.

Here’s what you need to know:

SpotMe on Credit (Effective July 14, 2025)

Any deposit into your Credit Builder account, not just a direct deposit, will be used to repay your outstanding SpotMe®¹ balance.

Instant Loans (Effective July 21, 2025)

If you’ve agreed to automatic payments and your scheduled Instant Loan² payment doesn’t go through, Chime will try again after any deposit is made into your Chime account. For details, see the Method of Payment section of the Loan Agreement and Truth in Lending Disclosure you signed at loan origination.

MyPay (Effective July 28, 2025)

If you have an outstanding balance after your expected pay date, or if you’re unable to pay back your MyPay®³ balance for another reason, Chime will use any deposit into your Chime account to repay an outstanding balance. For details, see the MyPay® Agreement.

¹SpotMe® eligibility requirements and limits apply. Overdraft only applies to debit card transactions and cash withdrawals. Limits range from $20-$200.

²Instant Loans are made by The Bancorp Bank, N.A.,

³MyPay® line of credit provided by The Bancorp Bank, N.A. or Stride Bank, N.A. MyPay services provided by Chime Capital, LLC (NMLS ID 2316451).

Help Center: How does MyPay® repayment work?