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

Have you ever wondered why you have to wait until a specific day of the month for your direct deposit to hit your account? At Chime®, we know that life doesn’t wait for payday, and we think you should have access to money when you need it.

Chime’s newest product, MyPay, gets money in your pocket when you choose – no more counting down the days until payday to tackle life.

What is MyPay?

Chime’s MyPay is a line of credit that lets you get up to $500 before payday.¹ There are no mandatory fees, no credit checks, and no interest² to get money when you need it. With MyPay, just log into your Chime app, see how much is available to you, and then choose how much you want to access.

Accessing MyPay is totally free, and the money you choose to advance will hit your Chime Checking Account in up to 2 days. Need the money sooner? For $2 per advance, you can get it instantly. Limits can range from $20 to $500, depending on factors such as your direct deposit history.

MyPay is great for unexpected expenses, but it’s also helpful when you just want to treat yourself. You could use MyPay to:

  • Get money for an upcoming night out with friends
  • Pay for an unexpected vet bill or car repair
  • Fill up your gas tank ahead of a road trip
  • Buy event tickets before they sell out
  • Cover a last-minute trip to the grocery store

MyPay is only offered in certain states. Certain eligibility requirements apply to use MyPay.  Full details are available in the MyPay Agreement for Stride Bank, N.A. members, and MyPay Agreement for The Bancorp Bank, N.A. members.

What is the MyPay Waitlist?

Chime has released a waitlist³ to help you secure early access to MyPay.¹ If you live in a state where MyPay is offered and meet certain eligibility requirements, you could be one of the first to try out this new product. Current Chime members can join the waitlist inside the Chime app. If you’re not a current Chime member, you can join by signing up with your email address and opening a Chime Checking Account.

You can move up the waitlist by successfully referring your friends to join Chime, and by setting up and receiving a qualifying direct deposit. Joining the waitlist is totally free, and when MyPay is available, you can be among the first to know! Read the full Waitlist Terms and Conditions to learn more.

Steps to move up the waitlist

  1. Set up and receive a qualifying direct deposit of $200+.
  2. Refer your friends to Chime, and when they open a Chime Checking Account, you can move up the waitlist.
  3. Remind your friends to set up and receive a qualifying direct deposit of $200+. Once they do, you can move up the waitlist. You and your friend may also get $100 each. See referral terms and conditions in your Chime mobile app for details.

Your place in line is not guaranteed and may be impacted by the actions of other members on the waitlist. Joining the waitlist does not guarantee that you’re eligible for MyPay. Eligibility for MyPay will be reviewed before selection off the waitlist.

How does MyPay work?

MyPay lets you access money before payday! With authorization, outstanding MyPay balances will be repaid from direct deposits to your Chime Checking Account from eligible sources.⁴

Best of all, there is no credit check, no interest², and no mandatory fees. Here’s how it works:

1. Set up direct deposit

If you haven’t already, open a Chime Checking Account. When MyPay is available to you, you’ll need to have received:

  • at least two qualifying MyPay direct deposits of $200 or more per deposit within the last 34 days, or
  • one qualifying MyPay direct deposit of $200 or more per deposit in the last 34 days and an additional data source such as your work email or work address during MyPay enrollment, or
  • one qualifying MyPay direct deposit of $200 or more per deposit in the last 34 days from a government benefits payer,

and meet other eligibility requirements in the MyPay Agreement to use MyPay.¹

2. See how much you can access

After you’ve enrolled in MyPay, check the MyPay hub in the Chime app. There, you’ll be able to see the amount available for you to take as an advance.

3. Choose your amount

The maximum amount you can access each pay period is based on your estimated income. Credit limits can range from $20 to $500, and may increase or decrease over time.¹

Just follow the prompts in the app to choose how much you need.

At any given time, the amount you can take as an advance will be less than or equal to your overall credit limit. Both amounts will be available to view in the Chime app.

4. Select the speed

Choose a scheduled advance, and the money will be deposited in your Checking Account in up to 2 days, completely fee-free. Or, choose to get your pay instantly for $2 per advance.

Not a Chime member? Sign up for a Chime Checking Account to join the MyPay waitlist.

What is MyPay not?

Chime launched MyPay to give you a better way to access money when you need it – without mandatory fees, interest², credit checks, or late fees. That makes MyPay different from the options you’ve had before, including:

  • Credit card cash advances: Cash advances from credit card accounts are a way to get money from your credit card to cover emergencies, but these short-term loans can have high fees and interest rates, often between about 17.99% and 29.99%⁵ and are added to the balance of your credit card. Chime’s MyPay has neither.
  • Payday loans: Some payday loans from payday lenders require credit checks and can have interest rates as high as 652%.⁶
  • Personal loans: Small personal loans can be useful, but you’ll have to undergo a credit check, you might have to pay an origination fee, and APRs can be as high as 36%.⁷ MyPay, on the other hand, charges no interest and requires no credit check.
  • Buy now, pay later: Buy now, pay later (BNPL) is becoming more popular, spreading everyday purchases into multiple, smaller payments. But even these helpful payment plans may charge interest.

Why is Chime offering MyPay?

Chime is offering MyPay to help members get their money when they want it, without having to pay interest² or having their credit checked.

MyPay is just one of the latest products that Chime has designed to help empower our members. For instance, Chime offers a checking account without monthly fees, and you can apply for the secured Chime Visa® Credit Builder card⁸ without a credit check to build credit history and Unlock Financial Progress™. We also helped pioneer fee-free overdrafts.⁹

Now, we’re empowering you and other members with MyPay so you can get money when you need it.

Get Paid When You Say™

Life doesn’t wait for payday to arrive, so why should you wait to get money when you need it? With Chime’s MyPay, access the money you need when you decide – no surprises and no mandatory fees.

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).

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

¹ To be eligible for MyPay, you must receive Qualifying MyPay Direct Deposits to your Chime Checking Account as set forth in the MyPay Agreement. A Qualifying MyPay 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 Available Advance Amount 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 MyPay Agreement
(The Bancorp Bank, N.A. members) & MyPay Agreement (Stride Bank, N.A. members) for details.

² Option to get funds instantly for $2 per advance or get funds for free within 2 days. See MyPay Agreement (The Bancorp Bank, N.A. members) & MyPay Agreement (Stride Bank, N.A. members) for details.

³ Certain restrictions and eligibility requirements apply. See MyPay Waitlist Terms and Conditions for details.

⁴ With authorization, outstanding MyPay balances will be repaid from your Chime Checking Account when you receive a direct deposit from an Eligible Source. See MyPay Agreement (The Bancorp Bank, N.A. members) & MyPay Agreement (Stride Bank, N.A. members) for details.

⁵ Information from Forbes’ “What Is A Cash Advance And Should You Get One?” as of April 1, 2024: https://www.forbes.com/advisor/credit-cards/what-is-a-cash-advance-and-should-you-get-one/

⁶ Information from Bankrate’s “Payday loan statistics” as of April 2, 2024: https://www.bankrate.com/loans/personal-loans/payday-loan-statistics/

⁷ Information from Credit Karma’s “How do personal loans work?” as of April 1, 2024: https://www.creditkarma.com/personal-loans/i/how-do-personal-loans-work

⁸ To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
9 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 Terms and Conditions.

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