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

Chime Free Mobile Payment App

Pay Friends. Always Free.

Pay Friends is a payment app feature that is built into your mobile bank account.  Instantly send money to your friends, family, or roommates when they open a Chime Spending Account.

Mobile Payments Done Right

That starts with no fees. Ever. We believe sending money should always be free, so we do not charge the common wire fees charged by other mobile payment apps, because you can transfer money for free between Chime online bank accounts. Just like our commitment to providing you a Spending Account with no hidden fees, when you pay friends, family, or anyone, there will always be no fees.

Access Your Money Instantly from other Chime Members

Pay Friends is different than other Peer 2 Peer (P2P) payment apps because Pay Friends is connected to your bank account. No need to worry about connecting your Chime Spending Account to yet another money transfer app, simply use Pay Friends with total convenience.

Mobile Payments on iPhone® & Android™

Pay Friends is available on both iOS and Android and can be used to transfer money to friends regardless of which device they use. Pay Friends will automatically pull in your contacts from your contact list to help you find and pay friends quickly.  You can also pay friends or family using their phone number or email address.

4 Reasons to Use Pay Friends vs. Other P2P Apps

  • Get money into your bank account instantly. Money is instantly deposited into your Spending Account for transfers between Chime Members
  • No need to wait days for money to arrive in your Chime Spending Account or pay to cash out. Other apps you may use to send money typically make you wait to at least 1 business day.
  • No fees charged to transfer money to friends or to access the funds from the mobile payment. Many P2P platforms charge a fee to get your money instantly. Fees can range from a flat fee of .25 cents to 1.5% of the total amount.
  • Funds in Chime accounts are FDIC insured through The Bancorp Bank or Stride Bank; Member FDIC, which means your money is protected.

Here’s how our Pay Friends transfers compare to other payment apps:*

Chime Pay Friends Payments
Cash App¹
Venmo Payment App²
Standard Transfer Time to Your Bank Account with No Fee
Instant for Chime Members
1-3 business days
1-3 business days
Fees for Expedited or Instant Transfers
$0
1.5% of transfer amount
$.25 - $10
FDIC-insured Spending Account
Yes, Bancorp Bank or Stride Bank; Member FDIC
No
No**
Monthly Limits
$2,000
$1,000
$2,999.99
Standard Transfer Time to Your Bank Account with No Fee
Chime Pay Friends Payments
Instant for Chime Members
Cash App¹
1-3 business days
Venmo Payment App²
1-3 business days
Fees for Expedited or Instant Transfers
Chime Pay Friends Payments
$0
Cash App¹
1.5% of transfer amount
Venmo Payment App²
$.25 - $10
FDIC-insured Spending Account
Chime Pay Friends Payments
Yes, Bancorp Bank or Stride Bank; Member FDIC
Cash App¹
No
Venmo Payment App²
No**
Monthly Limits
Chime Pay Friends Payments
$2,000
Cash App¹
$1,000
Venmo Payment App²
$2,999.99

How to Start Mobile Paying Your Friends

Send money in a snap:

  1. Open the Chime mobile app and tap ‘Pay Friends’.
  2. Input your friend’s email or phone number or select them from your contact list.
  3. Enter the amount of money you want to transfer and click ‘Send’

Your friend will receive a message with directions on how to sign up for a Chime Spending Account and claim the money if they don’t have Chime. Remember, Chime mobile payments are always free!

Get Started Today

Applying for an account is free and takes less than
2 minutes with no impact to your credit score.

Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

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.

¹ https://cash.app/help/us/en-us/1107-cash-out-funds
² https://venmo.com/about/fees/
* Accurate as of January 2019
** Venmo offers an optional debit card issued by The Bancorp Bank; Member FDIC.
iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license. Other product and company names mentioned herein may be trademarks of their respective companies.
Android is a trademark of Google LLC.
Other product and company names mentioned herein may be trademarks of their respective companies.

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