Log in
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.
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.^ There are no mandatory fees, no credit checks, and no interest* 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 within 24 hours. Need the money sooner? For $2 to $5 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.
Direct deposit and get Chime Prime for free.‡
- SpotMe® up to $200+
- MyPay® up to $500†
- 3.75% Savings APY§
How does MyPay work?
MyPay lets you access money before payday! Best of all, there is no credit check, no interest*, 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 36 days, or
- one qualifying MyPay direct deposit of $200 or more per deposit in the last 36 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 36 days from a government benefits payer,
- and meet other eligibility requirements as outlined in the MyPay Line of Credit Agreement.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
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. Just follow the prompts in the app to choose how much you need.
4. Select the speed
Choose a scheduled advance, and the money will be deposited in your Checking Account within 24 hours, with no mandatory fees. Or, choose to get your pay instantly for $2 to $5 per advance.*
How do I get access to MyPay?
MyPay is available to eligible Chime members once they meet all MyPay requirements, including receiving qualifying direct deposits to their Chime Checking Account and living in a state where MyPay is offered.¹
If you’re eligible, you’ll see an invitation in your Chime app to enroll in MyPay. Just follow the prompts to review and accept the MyPay Agreement and choose how you’d like to receive your funds.
What else do I get with direct deposit?
Qualifying direct deposits‡ that help you become eligible for MyPay can also unlock Chime Plus or Chime Prime membership tiers, which come with additional benefits. However, MyPay eligibility is separate, and having Chime Plus or Chime Prime status does not guarantee access to MyPay — you still need to meet the MyPay requirements and enroll.¹
Chime Plus
Chime members with qualifying direct deposits‡ can receive:
- MyPay®: With MyPay, payday happens on your schedule. As a Chime Plus member with qualifying direct deposits, you can access up to $500 of your upcoming pay before payday.1 The funds arrive in your checking account within 24 hours at no cost. Need it even faster? You can choose an instant advance for $2 to $5 per advance.*
- SpotMe®: Running low on funds before payday? SpotMe has you covered. Eligible members can overdraft up to $200 on purchases with no overdraft fees.2 That’s a major savings compared to traditional banks, where overdraft fees average $26.77 per transaction.3
- High-Yield Savings: All Chime members earn 0.75% APY4 on savings, but Chime Plus members earn even more. With Chime Plus, you’ll get 3.00% APY on your high-yield savings account.5
- Chime Deals®: Chime Plus members unlock exclusive cash back offers at top retailers nationwide. Earn cash back on everyday purchases – from groceries and gas to dining and more – when you use your Chime card.^
- Priority Support: We’re committed to providing fast, helpful support when you need it. All Chime members can connect with a live representative 24/7.Chime Plus members receive expedited response times for general inquiries about their account. Certain inquiries, such as disputes and fraud, follow our standard processes.
- Get Paid Early: With direct deposit, you can receive your pay up to two days early.6 We make your money available as soon as your employer sends it.
Chime Prime
In addition to the perks of Chime Plus, Chime members with qualifying direct deposits of at least $3,000‡ over the span of 34 days will receive:
- MyPay®: With MyPay, eligible Chime members can choose to receive funds within 24 hours at no cost, or instantly for a fee of 3% of the advance amount ($2 minimum, $5 maximum) per advance.* As a Chime Prime™ member, once you qualify for MyPay you’ll get a starting MyPay credit limit of at least $100 available instantly, giving you faster access to a portion of your pay when you need it most.
- Higher APY: With Chime Prime, your savings grow even faster. Prime members earn 3.75% APY4 on their Chime savings account – helping you make the most of every dollar saved.
- Travel Perks: Exclusive travel and lifestyle perks are available, including a Complimentary Priority Pass™ membership+, Visa luxury hotel benefits†, and access to the Visa Signature Concierge~ with Chime Card.
How does MyPay repayment work?
When you use MyPay, your outstanding MyPay balance is repaid after your next direct deposit is received. The amount you advanced during the period between your pay dates, plus any optional fees you incurred like 3% of the advance amount ($2 min to $5 maximum per advance), is deducted from your Chime Checking Account to repay your outstanding MyPay balance.
The repayments transaction may appear in two types of transactions:
- If you choose to use the optional instant advance option, the first transaction you’ll see will be labeled “MyPay instant advance fees”. This transaction will include the total amount of instant advance fees you accumulated throughout the period between pay dates. All instant advance fees during that period will be repaid under a single transaction.
- The second transaction is labeled “MyPay Repayment” and will include the total amount of your MyPay advances(s). If you did not make any instant advances, the “MyPay Repayment” will be your only repayment transaction.
What is MyPay not?
Chime launched MyPay to give you a better way to access money when you need it – without mandatory fees, interest*, 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 in the mid-20s to 30% or higher 7 and are added to the balance of your credit card. Chime’s MyPay has neither.
- Personal loans: Small personal loans can be useful, but you may have to undergo a credit check, pay an origination fee, and APRs can be as high as 36%.8 MyPay, on the other hand, charges no interest, has no mandatory fees, 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 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 interest* 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, you can apply for the secured Chime Card⁹ without a credit check to help build credit history and Unlock Financial Progress®, and we offer fee-free overdrafts through SpotMe®.²
We’re empowering you and other members with MyPay so you can get money when you need it.
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.
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.
Frequently asked questions
Does MyPay cost anything?
MyPay has no interest, no credit check, and no mandatory fees. If you want your funds within 24 hours, there’s no transfer fee. If you prefer an instant transfer, there’s an optional fee of $2 to $5. There are no late fees either – though if repayment attempts don’t succeed, you may lose access to MyPay until you repay manually.
How do I qualify for MyPay?
To use MyPay, you need to be 18 or older with an active Chime Checking Account and an activated debit or credit card linked to your account. You’ll also need the Chime app and at least two qualifying direct deposits of $200 or more within the last 36 days. Once you meet these requirements, you can check your eligibility in the app.
How does “available now” work?
“Available now” is the maximum amount you can take as an advance on any given day. At the beginning of your pay period (after you just received a direct deposit), “available now” typically starts as a small portion of your credit limit and usually increases every day until you reach your credit limit.
Any advances you’ve taken are deducted from your available now amount. When your next deposit arrives, your balance is repaid from your Chime Checking Account. Once this happens, your “available now” will be reset and your credit limit will be recalculated.
For example, let’s say that on the first day of your pay period, you have access to $40 available now of your $200 credit limit. If you don’t take any advances, your available now will increase to $80 on day two, to $120 on day three, and so on until you hit your credit limit of $200.
However, if you took a $20 advance on that first day, your available now would have gone down to $20 ($40 – $20 = $20) to reflect the advance you took. If you don’t take any further advances, it will increase to $60 on day two, to $100 on day three, and so on until you hit $180 ($200 credit limit – $20 advance). When your next deposit arrives, $20 will be deducted from your Chime Checking Account to repay your MyPay balance.
How does MyPay repayment work?
The amount is collected automatically when your next qualifying direct deposit arrives. We’ll make up to four attempts to withdraw what you accessed. If those don’t succeed, you’ll need to pay the balance manually. Outstanding amounts may result in losing access to MyPay until cleared.
Does MyPay affect my credit score?
No. MyPay doesn’t require a credit check to use, and using it won’t impact your credit score. This also means that on-time repayments won’t help build your credit history. If building credit is a goal, consider pairing MyPay with other Chime tools like automatic payments, which accounts for 35% of your FICO score.
What is MyPay at Work?
MyPay at Work is an employer-integrated version of MyPay. If your employer partners with Chime, you may be able to access up to $2,000 of your earned pay – with no mandatory fees. Ask your HR department if MyPay at Work is available where you work.