Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

MyPay™ vs. SpotMe vs. Get Paid Early

Chime Team • July 9, 2024

MyPay™ is Chime’s latest product to help you get your money when you want it, even if it’s before your scheduled payday. Together with features like SpotMe® and Get Paid Early, MyPay gives you more control over your finances.

But what makes each Chime feature different? Let’s break it down.

Get paid when you say.™

Get up to $500 of your pay before payday.^
No mandatory fees, no credit check, and no interest.*

Learn More

How Chime’s MyPay works

MyPay lets you get up to $500 of your pay before payday.^ There are no mandatory fees, no interest,* and no credit checks. Just open the Chime app, see how much of your pay you’re eligible to take as an advance ahead of payday, and select how much you’d want.

The money will be deposited into your Chime® Checking Account within 24 hours, and it’s totally free. If you need the money sooner, you can choose the instant advance option for only $2 per advance.*

To unlock MyPay you need to reside in one of the states that currently offers MyPay, have an active physical Chime card and qualifying direct deposits^ of $200+.

Not a Chime member? Sign up for a Chime Checking Account and set up direct deposit to start using MyPay.

More ways to get cash: SpotMe and Get Paid Early

Chime offers multiple ways to access money when you need it. One key difference between MyPay and these other features is that you can choose when you want to use MyPay. Each pay period, you can decide to take an advance if you want. If you decide to access some of your pay, you also decide how fast you want it.

So what other Chime features get you cash, and how do they work?

SpotMe

SpotMe® is Chime’s fee-free overdraft feature. Just set up a qualifying direct deposit and enroll in SpotMe, and Chime can cover you up to $200¹ on debit card purchases, Credit Builder purchases, and cash withdrawals, as applicable, based upon your available limit.

Think of SpotMe as a friend who has your back. If you have the feature turned on, SpotMe covers you up to $200 if you accidentally spend too much. If you don’t have SpotMe turned on, the transaction is simply declined. Note that you must continue to receive qualifying direct deposits to continue to have access to SpotMe¹.

Unlike MyPay, SpotMe is activated automatically if you overdraft.

Get Paid Early

As long as you get paid by direct deposit into your Chime Checking Account, you’ll get paid up to 2 days early. You don’t need to do anything else – Chime will make your paycheck available up to 2 days before your actual payday. That’s 2 days sooner than you’d get it at some traditional banks.²

With Get Paid Early, early paycheck access happens automatically. With MyPay, you can choose to get an advance ahead of payday, depending on your credit limit and how much is available to you.

How is MyPay different from SpotMe and Get Paid Early?

So if Chime offers three useful ways to get money when you need it, what makes each one different? Let’s break it down:

MyPay vs. SpotMe

Once you become eligible and are enrolled, SpotMe works automatically if you overdraft. If you spend more than you have in your account, Chime will automatically cover you up to your SpotMe limit¹ without any fees.³ Just pay us back the next time you get paid, automatically.

MyPay, on the other hand, is an optional product that puts you in control. Only use it when you want it, and choose how much money you get as an advance before payday, up to $500 per pay period. There’s no interest,* no credit check, and no mandatory fees.

MyPaySpotMe
When to use itAvailable each pay periodGet spotted automatically if you overdraft
How much moneyUp to $500Up to $200²
FeesFree within 24 hours; $2 for instant advance (optional)No fees to use SpotMe

MyPay vs. Get Paid Early

Like SpotMe, Get Paid Early happens automatically for all direct deposits. As long as you have direct deposit, Chime will often process your paycheck as soon as it’s available – which may be up to 2 days early.²

You’ll use MyPay if you want a portion of your pay even earlier. You don’t have to use MyPay every pay period (or ever!); the product is there for you to use when you need it.

MyPayGet Paid Early
When to use itAvailable each pay periodUp to two days early
How much moneyUp to $500Your full paycheck
FeesFree within 24 hours; $2 for instant advance (optional)No fees to use Get Paid Early

Your money on your schedule

MyPay is a game-changing product when you need your pay when you want it. But it’s just one of several Chime benefits built to help you out.

Want to learn more about some of Chime’s other features? Find out how Chime gets you paid early and how to use SpotMe like a pro.

Get paid when you say.™

Get up to $500 of your pay before payday.^
No mandatory fees, no credit check, and no interest.*

Learn More

Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card and the Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit and credit cards are accepted. Please see the back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

Third-party trademarks referenced for informational purposes only; no endorsements implied.

‡ SpotMe® for Credit Builder is an optional, no interest/no fee overdraft line of credit tied to the Secured Deposit Account. SpotMe on Debit is an optional, no fee service attached to your Chime Checking Account (individually or collectively, “SpotMe”). Eligibility for SpotMe requires $200 or more in qualifying direct deposits to your Chime Checking Account each month.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

*Option to get funds instantly for $2 per advance or get funds for free within 24 hours. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.

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

^ To be eligible for MyPay, you must receive qualifying direct deposits to your Chime Checking Account as set forth in the MyPay Agreement. A qualifying direct deposit is a deposit from an employer, payroll provider, gig economy payer, government benefits payer, or other permitted source of income by Automated Clearing House (“ACH”) or Original Credit Transaction (“OCT”). Your MyPay Credit Limit and Maximum Available Advance may change at any time. MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 - $500 Credit Limit per pay period. Your Credit Limit and Maximum Available Advance will be displayed to you within the Chime app. MyPay is currently only available to eligible Chime members in certain states. Other restrictions may apply. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.

¹ SpotMe® for Credit Builder is an optional, no interest/no fee overdraft line of credit tied to the Secured Deposit Account. SpotMe on Debit is an optional, no fee service attached to your Chime Checking Account (individually or collectively, “SpotMe”). Eligibility for SpotMe requires $200 or more in qualifying direct deposits to your Chime Checking Account each month.

Qualifying members will be allowed to overdraw their Chime Checking Account and/or their Secured Deposit Account up to $20 in total, but may be later eligible for a higher combined 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 SpotMe Limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your SpotMe Limit. Your SpotMe Limit may change at any time, at Chime or its banking partners’ discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions or OTC cash withdrawal fees at retailers. SpotMe won't cover non card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.

² Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

³ Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

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