Earnin is an online cash advance app
that allows employees to access their paychecks before payday arrives. Earnin doesn’t offer loans nor does it lend money to its users.
What it does is that It allows its, users, to take small cash advances against paychecks, and instead of demanding payment from its users, rather it deducts the money immediately from their account whenever their employer deposits their paycheck.
Chime on the other hand is known to be an online mobile banking app that provides banking services to assist users to stay financially secure.
Since earnin is a cash advance app and not a banking organization and neither does it offer such service, to use earnin you’ve to connect a bank account to it for the sake of money withdrawal/deposit. Hence the question, “Does earnin work with chime”?
The fact is that Earnin works with a lot of financial transaction houses or mobile banking organizations per se, And if chime is your primary online banking app it is ideal to know if earnin can accept chime as one of its banks.
This article will take a deep look into this topic to know if chime is compatible with earnin? if it does, I will provide a step-by-step guide on how to carefully link it including every other information you need to know.
Does Earnin Work With Chime?
There is no definitive answer as to whether Earnin work with Chime. This is because, while Earnin supports the usage of Chime for some users, it is not accepted by others. That means, some earnin accounts may be qualified, while others are not.
According to an official statement by earnin on their “help” page, it states that Earnin is continually testing new ways to support its Chime users. Currently, this means earnin only allows a small test group of people who bank with Chime to use Earnin. Read the full statement here.
Why Do You Link Earnin With Chime?
Earnin in itself is a cash advance app that allows its users (employees) to get an interest-free cash advance of $100 and for some up to $500 before paycheck arrives on payday. Since Earnin doesn’t offer banking service, there is no way users can move their money for spending unless they link a bank like chime.
This is where chime comes to play, Chime on its own is an online banking service that offers the same service couple with far more benefits as compared to that of your traditional banks. Therefore you can link your chime bank account to earnin and enhance your deposit and overall experience using both accounts.
How Can You Use Chime With Earnin?
Using chime with earnin, is similar to using your traditional banking app on earnin. When you request a cash advance you can easily withdraw it and have it deposited to your already linked chime bank account.
Earnin gives you $100 per day and $500 per pay period which is sent to your bank account. In the case of using a Chime bank account, it is sent to your Chime account if it is linked with your earnin account.
The advance cash out is paid back automatically when your next paycheck arrives. So, you don’t have to remember to make any payments.
Can I Link My Chime Account to Earnin?
Yes. Despite not being available for all, you can link your Chime account to Earnin. Whether you’re a new user or an existing user you can easily link your chime account with Earnin. If you are qualified, you will receive a notification, if not, your Chime bank details will be rejected.
Keep in mind that earnin requests that you must link both your bank account and the debit card linked that is linked to your specified bank account, hence in order to link an account to earnin, you must submit both information.
How Can I Link My Chime Bank Account to Earnin?
If you want to add your chime bank account to earnin, follow the outlined process below;
As a new user
If you are new to earnin, you have to follow this procedure to link chime with earnin:
- Download and install the earnin app.
- Launch the app and proceed with sign-up procedures.
- Provide your full name, and email, and choose a password.
- On the next screen, you will be asked to provide your banking details. “Click continue”.
- Next, check and agree with their terms.
- A screen of the bank list will pop up, search for chime using the search box.
- Connect your chime account by providing your necessary info.
- After which, you have to wait for a rejection/acceptance confirmation message.
As an existing customer
If you are an existing customer of earnin, you have to follow this procedure to link chime with earnin:
- Launch and log in to the earnin app using your details.
- Hover on the settings and choose the “My Bank” options.
- Click on the “Change Bank”.
- Search for chime bank in the drop-down menu.
- Sign in with your chime bank login credentials.
- Kindly Follow the prompt and on-screen message to confirm your account.
Related > How Does chime work with Acorns? [All You Need To Know]
How Can You Add Chime Debit Card to Earnin?
To add your Chime debit card to earnin, do the following:
- Open your earnin app and log in.
- Once logged in, select “Get Started”.
- Enter your chime debit card number, and select continue. If your card is not eligible with the earnin app, you won’t be able to continue.
- After adding your card number successfully, you will be required to “Add your card expiry date”.
- Add the CVV of your card. (CVV is the 3-digit number at the back of your card.)
- Viola, you just added your chime debit card to earnin for verification.
After entering all of the essential information, you must wait around 24 hours because Earnin does not immediately add your card as a payment method. This is because the earning team requires time to authenticate your card and validate the information you provided. If the verification is successful, You will receive a confirmation email.
What Bank Is Chime on Earnin?
On your earnin app, you can find and link your Chime account details on the “My Bank” option.
Do You Need Direct Deposit for Earnin With Chime?
Your Chime account is a full-featured deposit account that can be either checking or a savings account. Your earnin account can only work with direct deposit into a checking account. Meaning that a direct deposit is needed which Chime already is.
Can I Send Money From Earnin to Chime?
Yes, you can receive your money from earnin using Chime. Since chime offers banking solution, sending money from earnin down to an already linked chime bank account should not be a problem.
How to Send Money From Earnin to Chime
- Go to your earnin app’s home screen.
- Tap on the “Cash Out” button.
- Enter the “amount” you want to send.
- Choose the bank to send money to, In this case, it will be chime.
- For your cash out to be successful, you must have not reached your Daily Max or Pay Period Max and must have available earnings in your bank account.
- Once, all these are true, you will be able to Cash Out into your account in 2 business days.
How Fast is Earnin Payments Sent Using Chime?
A deposit from earnin to chime usually takes up to 1-3 business days before it arrives in your chime bank account for FREE. However, there is the Lightning Speed that ensures you get your money into your chime account immediately even on weekends but you would have to pay a fee of up to $3.99.
If you have Lightning Speed, the money gets to your account immediately even on weekends. If you don’t have Lightning Speed, the money gets into your account within 1-3 business days.
What Is Chime Earnin’s Limit?
The chime-earnin limit is $100, which has the tendency to go up as high as $500. So that means when you connect chime with earnin you can only get a monthly $100 cash advance before which might go up to $500 depending if you get qualified.
However, if you want to receive your paycheck in full from earnin using chime there is no limit to how much you can receive.
You Might Like > Does Chime Work With Robinhood? [Step by Step Guide]
Conclusion
We’ve reached the end of an intriguing topic: “Does chime work with earnin?” Now that you know that both accounts are compactible, how to connect them, and how to use them, you should confidently link your earnin account with Chime.
I hope this post addressed your question about “does earnin accept chime?” If it did, please share it with others, and if you have any additional questions that weren’t covered here, please do well to leave a comment. Cheers.