A 1099 is a tax form used to report certain types of income to the IRS. As a Chime member, you may receive one or both of the following forms based on the bonuses or interest you earned during the tax year:
1099-INT
You’ll receive a 1099-INT if you earned $10 or more in interest or qualifying bonuses, such as:
Referee bonuses
Account opening credits
Incentives for new deposits
Round-up bonuses moved to savings
Interest paid on your savings account
1099-MISC
You’ll receive a 1099-MISC if you earned $600 or more in Chime promotions, sweepstakes, or prizes, including:
Referrer bonuses
Sweepstakes winnings
Other prizes
If you meet the criteria for both, you’ll receive both forms. All 1099 forms are also reported to the IRS.
Your 1099 form will be available in one of two ways:
In the Chime app or web
You can download your form within the Documents section > Tax documents.
If you’re using the Chime app, make sure that it is up to date to view your Tax documents.