Chime Joint Tenants with Right of Survivorship Bank Deposit Account Agreement – The “Joint Deposit Account Agreement”

Our Agreement

You may open the Joint Deposit Account at the Chime Website (the “Website”) by visiting chime.com or by using the Chime mobile banking application (the “Chime Mobile App”). The Joint Deposit Account is not designed for business use, and we reserve the right to close the Joint Deposit Account if we determine it is being used for business purposes. We reserve the right to refuse to process any transaction(s) that we believe may violate the terms of this Agreement.

Each Account Holder is responsible and jointly and severally liable for all activity you have authorized on your Joint Deposit Account unless otherwise noted below.

Business Days

Our business days are Monday through Friday, excluding federal holidays. Any references to “days” found in this Agreement are calendar days unless indicated otherwise.

Joint Deposit Account Basics

1. Chime Joint Deposit Account Eligibility

(a) You must be at least eighteen (18) years old to open and use the Joint Deposit Account and (b) You must have open and in good standing, a separate Deposit Account with Us or with Chime’s other Bank Partner Stride Bank, N.A., as also managed by Chime.

By agreeing to this Agreement, you represent and warrant to us: (i) that you are at least eighteen (18) years old; (ii) that you are a legal resident of the United States; and (iii) that your enrollment in and use of the Joint Deposit Account is in compliance with any and all applicable laws and regulations. You must agree to accept electronic, rather than paper statements. This means:

• you must keep us informed of your current valid email address; and
• you must agree to accept electronic delivery of all account communications (such as end-of-year tax forms and electronic statements).

We may use information from third parties to help us determine if we should open your Joint Deposit Account.

Primary Account Holder (other Account Holder): You are considered the “Primary Account Holder” if you are the Account Holder that is first to sign up for the Joint Deposit Account and to invite the other Account Holder to sign up.

You acknowledge that the other Account holder has seven (7) days from your invite to sign up for the Joint Account or the Joint Account will not be established.

2. Opening an Account

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Joint Deposit Account. What this means for you: When you open a Joint Deposit Account, we may ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.

3. The Joint Deposit Account

The Joint Deposit Account consists of an online transaction demand deposit account used to make payments and transfers to third parties online or through the use of a virtual Chime Visa^® Debit Card (“Card”). You will not receive a physical Card. Each Account Holder will be issued their own virtual Card. The virtual Card has more limitations than a physical Card. See Section I(D) below for more information about your virtual Card. The Joint Deposit Account is a personal, checkless account. You may not issue paper checks with the Chime Joint Deposit Account unless you use Chime Checkbook. We will not issue you a personal checkbook to write checks from your Account. The only paper checks allowed for the Joint Deposit Account are those issued through Chime Checkbook. If you attempt to obtain and use a personal checkbook, the check will be rejected. For more information about Chime Checkbook, see Section I E below.

4. Ownership and Survivorship

1. The Joint Deposit Account is owned jointly by all Account Holders as Joint Tenants with Right of Survivorship and not as tenants in common.  Each Account Holder owns the sums on deposit in the Account, regardless of the amount of any individual contribution. 
2. You agree to notify us of the death of the other Account Holder.  At our option, we may require you to provide certain documents upon notification of the death of the other Account Holder. We may rely on proof of death acceptable to it (such as a certified death certificate) to release funds to surviving Account Holder(s).  Upon the death of an Account Holder, all funds become the property of the surviving Account Holder(s).
3. It is the intention of the Account Holders that no deceased Account Holder’s estate or heirs shall have any claim to the Account funds once the Bank has paid the surviving Account Holder(s).
4. We make no representations or warranties as to the appropriateness or effect of the ownership structure offered with this account, except that it determines from whom we may accept instructions and pay the account funds.  You agree it is your responsibility to consult with a legal advisor regarding that availability of right of survivorship in the state where you reside or whether any funds in the Account may be subject to probate.

5. Rights and Responsibilities of you and any Account Holder

1. Equal Rights of Access – Each Account Holder has equal and independent rights to deposit, withdraw, transfer, and otherwise transact on the Joint Deposit Account.  Each Account Holder acts as the agent of each other and authorizes each Account Holder to operate the Account without the consent or approval of any other Account Holder.  We may act on the instruction of any one Account Holder without liability to any other Account Holder. We also may act on the instruction of the attorney-in-fact for any one Account Holder without prior approval from or notice to any other Account Holder.
2. Binding Transactions – Any transaction by one Account Holder (including withdrawals, checks, electronic payments, or overdraft requests) binds all Account Holders.
3. Obligations – Each Account Holder is jointly and severally liable for any overdrafts, fees, amounts due and owing or other obligations arising from use of the Joint Deposit Account.
4. Information Sharing – The Bank may provide statements, notices, and tax reporting to any one Account Holder, and such notice is deemed notice to all. However, tax forms such as 1099’s will be filed in the name of the Primary Account Holder.
5. Ownership Records – Only the persons identified in our records as an Account Holder are considered an owner of the Joint Deposit Account. You agree that our records control any dispute over the ownership rights controlling the Joint Deposit Account.

6. Setoff and Garnishment:  

1. Setoff- Our right to set off described below in Section I (C)(6) “Right to Set Off”, applies to all Account Holders for all sums held in the Joint Account, such that we may set off against the Account for any amounts owed by any Account Holder.
2. Garnishment – Subject to applicable law, we may pay all funds (exercise against the entire Joint Account) or any part of the funds in the Joint Account to a court or government agency if we receive a garnishment, levy, or similar legal process that identifies any of the Account Holders.  Please review Section I C (7) “Legal Processes Affecting Accounts” for further information.

7. Death or Incompetence of You or an Account Holder

1. If any Account Holder draws a check or otherwise authorizes withdrawals not presented for payment until after their death, or if any Account Holder is indebted to us at the time of their death, we are authorized to pay such checks and withdrawals and exercise our right of set off against the Joint Deposit Account after such Account Holder’s death, notwithstanding any rights that a surviving Account Holder may have to funds in the Joint Deposit Account.  The Bank may continue to honor checks or transactions for a reasonable time after death, until it has actual notice of such death and a reasonable opportunity to act.
2. If an Account Holder is declared legally incompetent, the Bank may act upon instructions from a court-appointed guardian or agent under power of attorney.

8. Disputes about a Transaction / Disputes Between Account Holders

In the event of any dispute over the funds or authorization to initiate a transaction (including, without limitation, any dispute over what persons are authorized to represent or act for the Account Holder), the Bank may, in our sole discretion, and without liability to you:

• continue to rely on the Joint Account documents in our possession, and rely on instructions from a single Account Holder or persons we reasonably believe is authorized to represent or act for the Account Holder;
• honor the competing claim upon receipt of evidence we deem satisfactory to justify such claim;
• refuse to pay out any money from the Joint Deposit Account until it has been resolved by a court or by agreement of the parties that is documented to the Bank’s satisfaction. 
• file an action in interpleader with respect to any money where the Bank has been notified of disputed claims to that money, and we are not required to determine whether that dispute has merit in order to refuse to pay, or interplead, the funds; and/or
• close the Joint Deposit Account. 

Unless prohibited by law, you agree to reimburse the Bank for any expenses, including attorneys’ fees and costs, that the Bank incurs because of any dispute.

9. Joint Deposit Account Closure by you and other Account Holder; return of Joint Deposit Account Funds 

1. See Section I C 8 for Chime and/or Bank  Joint Account related rights.

   You, and the other Account Holder,  have the right to close the Joint Deposit Account at any time and for any reason. You agree that closure of the Joint Deposit Account by you or the Account Holder, with or without the consent of the other, will result in an effective closure of the Joint Deposit Account

   Upon any closure of your Joint Deposit Account by You, the other Account Holder or Chime and/or Bank,  Chime will return those remaining funds due to the Account Holder(s) in a check made payable to the Account Holder(s) and direct that check to the address of the Primary Account Holder or we will return the remaining funds per some other method deemed sufficient by us. 

10. Tax Reporting

For IRS reporting purposes, the Bank will report income to the taxpayer identification number (TIN) of the Account Holder designated as primary owner.
Account Holders agree to determine and report their own share of income for tax purposes.

11. Power of Attorney

You, or the other Account Holder, may each appoint another individual as attorney-in-fact for your Joint Deposit Account. The Account Holder and person executing the power of attorney is known as the “Principal.” The person granted the power of attorney for the Principal is known as the “Agent.” You should notify us in advance if you plan to create a power of attorney involving your Joint Deposit Account. We generally will accept a Uniform Statutory Form Power of Attorney that complies with state law. We may require the Agent to sign an affidavit stating that the power of attorney presented to us is a true copy and that, to the best of the Agent’s knowledge, the Principal continues to be alive and competent and that the relevant powers of the Agent have not been amended or terminated. The Principal is responsible to provide us with information if an affidavit presented to us is untrue or misleading or if Agent exceeds the authority granted by the Principal in the power of attorney. We may refuse to accept any forms of powers of attorney, however, with or without cause. We may act on the instructions of an attorney-in-fact whether or not the attorney-in-fact relationship is noted in the instruction (e.g., on any check signed by the attorney-in-fact). You can revoke your power of attorney by sending a written notice to us at any time. The power of attorney will continue in force until a) we receive written revocation from the Principal; b) we receive written notification of the Principal’s death; or c) we receive written notification of the death or incapacity of the Agent. We assume no duty to monitor the actions of your attorney-in-fact to ensure that he or she acts for your benefit.

12. Our Relationship With You

This Agreement does not create a fiduciary, quasi fiduciary or other special relationship between you and us. We owe you a duty of ordinary care. There are no third-party beneficiaries to this agreement.

13. Information sharing between Account Holders

1. General – Our Privacy Notice is available at chime.com/policies and is considered part of this Agreement. The applicable Bank Consumer Privacy Notice(s) are also available at chime.com/policies. We encourage you to review these notices carefully, as they describe the types of personal information we collect, how we use and share such information, and your rights and choices regarding your personal information.
2. Joint Account Information Sharing – By opening and maintaining a Joint Deposit Account, you understand, acknowledge, and agree that the shared nature of a joint account means that certain personal information and account-related information will be accessible to, or shared among, all Account Holders on the Joint Deposit Account. The types of information that may be shared between or made accessible to Account Holders on the same Joint Deposit Account include:
1. account balances, including available and pending balances;
2. transaction history, including the date, amount, and description of deposits, withdrawals, purchases, transfers, and other transactions conducted through the Joint Deposit Account, the virtual Card, or the Joint Account number;
3. account statements, alerts, and other account notifications or communications;
4. identifiers provided in connection with the Joint Deposit Account, such as name, mailing address, email address, and phone number; and
5. other account activity, data, and information related to the use, maintenance, and servicing of the Joint Deposit Account.
3. Collection, Use, and Sharing of Personal Information. You understand and agree that we, Chime, and our respective affiliates, subsidiaries, bank partners, and service providers may collect, use, and share the personal information of each Account Holder in connection with the Joint Deposit Account as described in the applicable Privacy Notice and Bank Consumer Privacy Notice(s). Such collection, use, and sharing may include, without limitation, processing and fulfilling transactions on the Joint Deposit Account; establishing, maintaining, and managing the Joint Deposit Account; providing account statements, notices, and other communications to any or all Account Holders; verifying the identity of each Account Holder; responding to inquiries, providing member support, and resolving disputes; and complying with applicable laws, regulations, and legal requirements.
4. Consent to Information Sharing – Each Account Holder’s decision to open or maintain a Joint Deposit Account constitutes consent to the access, collection, use, and sharing of personal information as described in this section and in the applicable Privacy Notice and Bank Consumer Privacy Notice(s). The information-sharing practices described in this section are inherent to the operation and servicing of a joint account and cannot be opted out of while the Joint Deposit Account remains open. If you do not consent to these information-sharing practices, do not open or maintain a Joint Deposit Account.
5. Additional Information – For more information about our privacy practices, including the categories of personal information we collect, how we use and share such information, and your rights and choices regarding your personal information, please review the Chime Privacy Notice at chime.com/policies and the applicable Bank Consumer Privacy Notice(s).

14. The Instant Transfer of Funds OUT of the Joint Account Service.

Chime may provide to you, at its sole discretion, the ability for you to make an instant transfer of funds from your Joint Account to a linked external debit card  (the “ITFO Service”) subject to the following terms:

1. In the Chime Mobile App, you have previously linked a United States issued debit card tied to an external bank account;
2. Each ITFO Service transaction will incur a fee of 1.75% of the total amount of funds to be transferred. You must have sufficient available funds in your Joint Account to cover the amount of the transfer and the fee
3. The minimum ITFO Service transfer amount is $25.00 plus the 1.75% fee., and
4. The ITFO Service will have the following frequency and funds transfer limits that apply in aggregate to the Joint Account and NOT per each Account Holder:

General Rules Governing Joint Accounts

You may not grant, transfer or assign the Joint Account or your obligations under this Agreement. The Bank may pool your funds, together with funds from other Bank customers and to deposit those funds at one or more FDIC insured banks and to obtain your funds from the pooled funds account(s) in order to transfer your funds as you may direct. The Bank may also transfer or assign its rights under this Agreement at any time and without providing prior notices to you of the assignment.  Use of the Joint Account is subject to all applicable laws, rules, regulations, and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Agreement shall not be affected. This Agreement will be governed by the laws of the State of South Dakota except to the extent governed by federal law; and you further understand and agree that your account was opened in South Dakota, and the location of your Joint Account is in South Dakota for purposes of this Agreement.

1. Deposits to the Account

Make deposits to your Joint Account using any of these methods subject to limits below that apply in aggregate to the Joint Account and NOT per each Account Holder EXCEPT for Cash Deposits that do apply per each Account Holder:

Transaction Type	Frequency and/or Dollar Limits
Direct deposits or other ACH Transfers to the Joint Account initiated from an outside financial institution*	No limit to the number of times per calendar day. No maximum dollar limit
Deposits using an external debit card (no gift cards or credit cards) from an outside financial institution*	No limit to the number of times per day; minimum of $5.00 per transaction; up to $500.00 per month***
Cash Deposits ** Available within two (2) hours after depositing	5 per day $2,000.00 per deposit; $2,000.00 per calendar day; $5,000.00 per calendar month
ACH Transfers to the Joint Account initiated from the Chime Mobile App or Website	No limit to the number of times per day; up to $10,000.00 per calendar day, maximum of up to $25,000.00 per calendar month***
* DIRECT DEPOSITS OR CREDITS USING A DEBIT CARD FROM AN OUTSIDE FINANCIAL INSTITUTION: The recipient’s name on any such deposits we receive must match the name of the Joint Account holder. Any such deposits received in a name other than the name registered to the Joint Account will be returned to the originator. Deposits using an external debit card from an outside financial institution may be available within minutes of a successful transaction, however there may be times when such transactions are delayed due to network timing or other factors. These transactions are final and nonrefundable.
** THIRD PARTY MONEY TRANSFER services used to deposit funds to your Joint Account may impose their own fees, per transaction, daily, weekly or monthly limits on the frequency or amount of cash you may deposit to the Joint Account.
*** Certain Joint Accounts (or Joint Account holders) may be eligible for higher transfer limits based on Joint Account history, at our sole discretion.
We may change these limits with notice to you. To determine the current limits that apply to you, you can access them under the settings section of the Chime Mobile App, contact Member Services by calling 844-244-6363, or ask the Chime Chatbot within the Chime Mobile App

 

IMPORTANT: If your Joint Account number changes you must immediately notify your employer or any other payors. You must provide them with the new Joint Account number to ensure that your direct deposit activity continues uninterrupted.

The above may be unavailable or delayed from time to time due to eligibility requirements, scheduled maintenance, changes to our services, unforeseen circumstances, or outages. Chime will give you reasonable notice if your access to feature changes or is no longer available to you.

2. No Cash, Paper Checks or Foreign Currency

We are not liable for any deposits, including cash, lost in the mail, lost in transit, or not received by us.

• Cash — We do not accept deposits made in cash. If you mail a cash deposit, the cash will be sent back to the address we have for you on file.
• Paper Checks – Personal checks, cashier’s checks, and money orders may not be deposited by mail. All checks and money orders sent to us for deposit will be returned unless the full amount may be applied towards a negative balance, in which case the check or money order may or may not be deposited to the Account at our discretion.
• Foreign Currency — We do not accept deposits in foreign currency. Any deposits received in foreign currency, cash or check, will be sent back to the address we have for you on file.

3. Preauthorized Transfers & Direct Deposit

Your Joint Account number and bank routing number can be used for preauthorized direct debits (“ACH Debits”) from various merchants and service providers and from time-to-time Chime (“Merchants”). These numbers may also be used for the purpose of initiating direct deposits to your Joint Account which in turn will allow you the ability to choose to allocate those direct deposits from your Joint Account to your selected deposit Accounts all in accordance with your direct deposit selections made in the Chime App. Preauthorized ACH Debit transfers will be processed under the Operating Rules of the Nacha and you agree to comply with the Nacha rules. Detailed information regarding preauthorized transfers is available in Section II, labeled “ELECTRONIC FUNDS TRANSFER DISCLOSURE AND SPECIAL TERMS AND CONDITIONS.” NOTE: The recipient’s name on any direct deposit(s) we receive must match the name of the Joint Account holder. Any direct deposits received in a name other than the names registered to the Joint Account will be returned to the originator.  IMPORTANT: If your Joint Account number changes you must immediately notify the Merchants. You must provide them with the new Joint Account number to ensure that the ACH Debit activity continues uninterrupted.

4. Problems That Could Occur with Deposits

If funds are deposited or transferred into your Joint Account by mistake or otherwise, we may correct the situation by deducting the amount of the deposit from your Joint Account without prior notice to you. If there are not enough funds in your Joint Account at that time your Joint Account could become overdrawn. See “Right to Set Off” section below, for more information about what could occur if your Joint Account has a negative balance.

5. No Overdrafts

You are not permitted to overdraw your Joint Account. If the available balance in your Joint Account is not sufficient to cover any payment or withdrawal you have authorized, we can refuse to process the payment or withdrawal. Even if we’ve paid overdraft items before, we are not required to do it in the future. It’s your responsibility to avoid overdrawing your account.

Below we describe, generally, how we post transactions to your Joint Account. Please note that this process may change from time to time, without prior notice to you. Our order of posting depends on a number of factors, including when a transaction occurs, whether it has already been approved by us or has become final, the order in which it is presented, the amount, system availability, potential risk of loss to the Bank, and the type of transaction in question, among other variables. 

First, we credit your Joint Account for deposits received before those times as set forth in Section VI General Funds Availability.  Then, we process withdrawals / payments we have previously authorized and cannot return unpaid, such as virtual Card purchases, and Chime Checkbook transactions. If we receive more than one of these transactions for payment from your Joint Account, we will generally sort and pay them based on the date and time you conducted the transactions. For virtual Card transactions, we will use the date the transaction is received for payment from your account. For some transactions, such as Chime Checkbook transactions, the time may be assigned by our systems and may vary from the time you initiated it. Multiple transactions that have the same time will be sorted and paid from lowest to highest dollar amount. We always reserve the right to post transactions that are payable to us first, and we may post any transaction earlier or later in the process than indicated. As such, if you want to avoid an overdraft or the possibility of a rejected transaction, you should take steps to ensure that your account has sufficient funds to cover each of your transactions and any fees.

If your Joint Account balance becomes negative for any reason, you must make a deposit immediately to cover the negative balance. We may report you to consumer reporting agencies, close your account, or both. This could affect your ability to open accounts with us or other banks in the future. If your Joint Account has a negative balance and you have another account with us, we reserve our Right to Set Off rights below. If your Joint Account has a negative balance for sixty (60) calendar days or more, it may be closed. You agree to pay all costs and expenses we incur in collecting overdrawn funds. We may still pursue collection of the amount you owe (including suing you) after it is charged off. Chime and / or the Bank reserve the right to close your Chime Account and any other Chime-branded Account(s) you have opened if you overdraw your Joint Account in violation of these terms.

6. Right to Set Off

If your Joint Account balance becomes and remains negative for fifteen (15) days, we can use the funds in any of your accounts to repay the amount owed on the negative balance Joint Account. This means, we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account either owner has with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future. We do not have to give you any prior notice to apply the funds. You expressly agree that our rights extend to any electronically deposited federal or state benefit payments (including Social Security benefits). If you don’t want your benefits applied in this way, you may change your direct deposit instructions at any time with the person or organization paying the benefits. If any federal benefits or other payments are deposited to your account after you become ineligible to receive them, we may set off against any of your accounts to recover the payments if we’re obligated to return funds to the payor. We will notify you if we have exercised our right to set off. 

7. Legal Processes Affecting Accounts

If legal action such as a garnishment, levy or other state of federal investigation or legal process (“Legal Process”) is brought against your Joint Account, we may refuse to permit (or may limit) withdrawals or transfers from your Joint Account until the Legal Process is satisfied or dismissed. Regardless of the terms of such garnishment, levy or other state or federal process, we have first claim to any and all funds in your Joint Account. We will not contest on your behalf any such Legal Process and may take action to comply with such Legal Process as we determine to be appropriate in the circumstances without liability to you, even if any funds we may be required to pay out leaves insufficient funds to pay a transaction that you have authorized. Payment is made after satisfying any fees, charges or other debts owed to us. You agree that we may honor legal process that is served personally, by mail, email or facsimile transmission at any of our offices (including locations other than where the funds, records or property sought is held), even if the law requires personal delivery at the office where your account or records are maintained. You agree that you are responsible for any expenses, including legal expenses and fees we incur due to any Legal Process on your Joint Account. We may charge these expenses to your Joint Account. You will indemnify us for any losses if we do this.

8. Chime and / or Bank Account Holds, Suspensions, Restrictions and Closures

Chime and/or Bank may suspend, freeze, restrict, or close your Joint Account for any reason with or without notice. Such reasons include, but are not limited to:

1. If we, at any time, believe a member is using the Joint Account and/or associated Chime Visa^® Debit Card for fraudulent or illegal purposes, or such member otherwise presents an undue risk to Chime and/or the Bank as determined, in our sole discretion.
2. Your use conflicts with any federal, state or local law, rule or regulation, including federal foreign asset control and sanction rules and anti-money-laundering rules, or with our policies adopted to assure that we comply with those laws, rules or regulations.
3. We receive a court order or other Legal Process request to suspend or close your account.
4. Your non-fraudulent actions nonetheless violate any part of this Agreement.
5. If Chime and/or Bank suspends, freezes, restricts or closes any of your other accounts held by Bank and/or held by another Chime partner bank.

If our monitoring of the Joint Account detects any such activity, the Account funds will be subject to a hold pending review of the activity by the Bank and/or Chime. The Bank and/or Chime may require you and other parties to the activity to produce documents and/or other materials evidencing the validity of the activity. Funds on deposit in any Account are subject to hold at the Bank’s discretion until the source of such funds and/or the activity is properly verified. The Bank and/or Chime also may temporarily or permanently reduce your limits on deposits to, or withdrawals or transfers from, your account without prior notice to you unless prior notice is required by applicable law, rule, or regulation.

9. Amendment and Cancellation

We may amend or change the terms and conditions of this Agreement at any time by posting the amended Agreement on chime.com, and any such amendment shall be effective upon such posting to that Website. The current Agreement is available at chime.com. You will be notified of any change in the manner provided by applicable law prior to the effective date of the change. However, if the change is made for security purposes, we can implement such change without prior notice. We may cancel or suspend your Joint Account or this Agreement at any time.

You may cancel this Agreement by calling 1-844-244-6363 to close your Joint Account. Your termination of this Agreement will not affect any of our rights or your obligations arising under this Agreement prior to termination. If your Joint Account is cancelled, closed or terminated for any reason, you may be eligible to receive the unused balance, which will be returned to you via check sent to the mailing address we have in our records. For security purposes, you may be required to supply identification and address verification documentation prior to issuing a refund check. Allow fourteen (14) days for processing of the refund check. Your check will be mailed to you to the address on file after it is processed. In the event the program is cancelled, closed, or terminated, we will send you prior notice, in accordance with applicable law, rule, or regulation. Specific information and instructions, including how to receive any remaining Joint Account balance, will be in the notice. We reserve the right to refuse to return any unused balance amount less than $1.00 unless required by applicable law, rule, or regulation.

10. Account Dormancy and Escheatment

A Joint Account that is inactive for a period of time may be considered dormant and is subject to escheatment. Subject to applicable law, we may transfer (escheat) your property/funds to the appropriate state if no activity occurs in the account or you fail to communicate with us regarding your Joint Account within the time period specified by state law. Furthermore, and subject to State Law, we may escheat to the State the property/funds in your name or both your name and the other Account Holder. We may consider a Joint Account dormant even if you maintain another active account with us. Each state has varying laws as to when an account is subject to escheatment and we may be required to send the balance in your Joint Account to the state of your last known address. We will make all reasonable efforts to contact you before transferring the remaining balance of your Joint Account to the applicable state. If funds are transferred to the state, you may file a claim with the state to recover the funds.

11. Statements

Electronic statements are available to view and print at the Website and Chime Mobile App. Carefully review your statements each statement period and notify us of any errors within sixty (60) days of your statement becoming available. If you do not, you may be responsible for unauthorized transactions as described in the section “Your Liability for Unauthorized Electronic Funds Transfers” below. You will not receive paper statements.

12. Special Rules for New Accounts

Joint Accounts open less than thirty calendar days from the date that your first deposit is credited to your Joint Account (“30 days”) are considered “New Accounts”. New Accounts will be limited in functionality. You may not be eligible to use certain features such as Chime Checkbook until the Joint Account has been open for at least 30 days. In addition, certain transfer limits may be lower during this time as indicated in Section I C, “1. Deposits to the Account”, Section E, “1. Electronic Banking Services” and Section II, “ELECTRONIC FUNDS TRANSFER DISCLOSURE AND SPECIAL TERMS AND CONDITIONS”.

Using the virtual Chime Visa^® Debit Card

1. Virtual Card basics

You will NOT receive a physical Chime Visa Debit Card with your Joint Account. 

You will receive a virtual Card that is accessible in the Chime Mobile App. Use of the virtual Card signifies your acceptance of the virtual Card. If you create a PIN, it will automatically apply to your virtual Card.

Please be aware that the virtual Card cannot be used at an ATM or to withdraw cash at a POS system. You may manage your virtual Card in the Chime Mobile App.

If you believe that anyone has gained unauthorized access to your PIN, you should advise us immediately following the procedures in the section labeled “Your Liability for Unauthorized Electronic Funds Transfers.”

2. Authorized virtual Card or Joint Account Users

You are responsible for all authorized transactions initiated and fees incurred by use of the virtual Card or Joint Account. If you permit another person to have access to your virtual Card, virtual Card number(s), Joint Account number(s) or PIN, we will treat this as if you have authorized such use and you will be liable for all transactions and fees incurred by those persons. You are wholly responsible for the use of your Joint Account according to the terms and conditions of this Agreement.

3. Secondary Cardholder

You may not request an additional virtual Card for someone other than the Joint Account holder.

4. Your Representations and Warranties with regard to use of the virtual Card

By retaining, using, or authorizing the use of the virtual Card provided with the Joint Account, you represent and warrant to us that:

1. you are at least 18 years of age (or older if you reside in a state where the majority age is older);
2. you are a U.S. citizen or legal alien residing in the fifty (50) states of the United States (“U.S.”) or the District of Columbia
3. you have provided us with a verifiable U.S. Street address (not a P.O. Box)
4. the personal information that you provide to us in connection with the Joint Account is true, correct and complete;
5. you received a copy of this Agreement and agree to be bound by and to comply with its terms; and
6. you accept the Card.

5. Cash Access and Transaction Limitations

If a merchant’s POS System does not require your PIN, you may use your virtual Card to obtain cash from your Joint Account, as permissible by a merchant, that bears the Visa^® or Interlink^® acceptance marks.

OTC cash withdrawals, cash withdrawal fees, funds withdrawn at a POS, third-party fees, and purchases each count toward the $2,500.00 maximum transaction amount that can be spent on the virtual Card per day. 

Below are the itemized cash access and spending limits for your Joint Account at the time of account opening that apply in aggregate to the Joint Account and NOT per each Account Holder:

Certain members may later be eligible for higher transaction limits at our discretion, based on Joint Account history.  We may change these limits with notice to you. To determine the current limits that apply to you, you can access them under the settings section of the Chime Mobile App, contact Member Services by calling 844-244- 6363, or ask the Chime Chatbot within the Chime Mobile App.

Transaction Type	Frequency and/or Dollar Limits*
Over The Counter “OTC” Withdrawals	No limit to the number of times per day. Up to $515.00 per day*
Card Transactions (Signature and PIN)	No limit to the number of times per day. Up to $2,500.00 per day*
* Daily limits reset based on an on-going 24-hour timeframe that begins at midnight Mountain Standard Time (MST). Fees imposed by POS device owner-operators, merchants, participating banks as well as cash withdrawal fees (see below) count toward your daily limit.

 

You may use the virtual Card to purchase or lease goods or services everywhere Visa^® debit, Interlink^® or Maestro^® Cards are accepted as long as you do not exceed the available balance of your Joint Account and in the instance of a virtual Card, the merchant accepts virtual cards.  Some merchants do not allow customers to conduct split transactions where the virtual Card is used as partial payment for goods and services and the remainder of the balance is paid with another form of legal tender. If you wish to conduct a split transaction and it is permitted by the merchant, you must tell the merchant to charge only the exact amount of funds available in the Joint Account to the virtual Card. You must then arrange to pay the difference using another payment method. Some merchants may require payment for the remaining balance in cash. If you fail to inform the merchant that you would like to complete a split transaction prior to utilizing the virtual Card, the virtual Card is likely to be declined.

If you use the virtual Card at an automated fuel dispenser (“pay at the pump”), the transaction may be preauthorized for an amount up to $75.00 or more. If the Card is declined, even though you have sufficient funds available, you should pay for your purchase inside with the cashier. If you use the virtual Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to 20% or more to ensure there are sufficient funds available to cover tips or incidental expenses incurred. A preauthorization will place a “hold” on those available funds until the merchant sends us the final payment amount of your purchase. Once the final payment amount is received, the preauthorized amount on hold will be removed. It may take up to seven (7) days for the hold to be removed. During the hold period, you will not have access to the preauthorized amount.

All transactions relating to car rentals may result in a hold for that amount of funds for up to thirty (30) days.

The virtual Card cannot be redeemed for cash. You may not use the virtual Card for any illegal online gambling or any other illegal transaction.

Each time you use the virtual Card, you authorize us to reduce the value available in the Joint Account by the amount of the transaction and any applicable fees. Nevertheless, if a transaction exceeds the balance of the funds available in the Joint Account, you shall remain fully liable to us for the amount of the transaction and any applicable fees. See these provisions in Section D for additional details if your Joint Account balance becomes negative: “6. No Overdrafts and “7. Right to Set Off.”

You do not have the right to stop payment on any purchase or payment transaction originated by use of the virtual Card. If you authorize a transaction and then fail to make a purchase of that item as planned, the approval may result in a hold for that amount of funds for up to sixty (60) days.

6. Non-Visa Debit Transactions

Merchants are responsible for and must provide you with a clear way of choosing how to make a Visa debit transaction if they support the option. In the past, transactions have been processed as Visa debit transactions unless you entered a PIN. Now, if you do not enter a PIN, transactions may be processed as either a Visa debit, Interlink or as a Maestro transaction. Please be advised that should you choose to use the Interlink or Maestro network when making a transaction without a PIN, different terms may apply. Certain protections and rights applicable only to Visa debit transactions as described in this Agreement will not apply to transactions processed on the Interlink or Maestro network. Please refer to the section labeled “Your Liability for Unauthorized Electronic Funds Transfers” for a description of these rights and protections applicable to Visa debit and non-Visa debit transactions.

To initiate a Visa debit transaction at a point-of-sale, use the virtual Card at the POS terminal, sign the receipt, or provide your 16-digit Card number for a mail order, telephone, or Internet purchase. 

7. Transactions Made in Foreign Currencies

If you obtain funds or make a purchase in a currency other than the currency in which the virtual Card was issued, the amount deducted from the available balance of your Joint Account will be converted by Visa into an amount in the currency of the virtual Card. The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. The conversion rate may be different from the rate in effect on the date of your transaction and the date it is posted to your account.

We will not impose a fee for each transaction (U.S. or foreign currency) that you conduct at merchants (including foreign websites) outside the United States or in a foreign currency, however, there may be third-party fees.

8. Receipts

You should get a receipt at the time you make a transaction using the virtual Card. You agree to retain, verify, and reconcile your transactions and receipts.

9. Virtual Card Expiration and Replacement

The virtual Card will expire on the date printed on the front of it. An updated virtual Card will be added to your Mobile App to replace the expired virtual Card. 

If you need to replace the virtual Card for any reason except at virtual Card expiration, you can do so by calling 844-244-6363 or through the Chime Mobile App. You will be required to provide personal information which may include your Joint Account number, 16-digit virtual Card number, full name, transaction history, copies of acceptable documentation, etc.

Electronic Banking Services

The following feature is available with your Joint Account after it has been open for 30 days or more, and your virtual Card has been activated.

1. Chime Checkbook

 With your Joint Account, you will have access to the Chime Checkbook feature (the “Checkbook”) through the Chime Mobile App or Website. The Chime Checkbook does not include a checkbook that enables you to write personal checks from your account, rather, it is a feature which allows you to authorize us to make payments to individuals or companies by check on your behalf. You will not have access to the Checkbook until your Joint Account has been open for a minimum thirty (30)-day period that begins on the calendar day that your first successful deposit is made to your Joint Account and, as applicable, you have activated your virtual Card.

To initiate a payment using the Checkbook, you must provide the name and mailing address of each individual or company you wish to pay. Once a payment is authorized, the payment amount will be immediately deducted from your Joint Account balance.

You are responsible for verifying the completeness and accuracy of all information you give us for the Checkbook payments. We are not liable for losses resulting from incorrectly entered information on the Checkbook payments.

Payments made using the Checkbook take the form of a paper check sent to the payee on your behalf using standard U.S. Postal Service mail. Please allow three to nine (3-9) business days for delivery of the check. Payments can only be sent to addresses located within the fifty (50) states of the U.S. Checkbook payments are processed daily by 8 AM MST. Checkbook payments initiated after this time will be processed by 8 AM MST the next business day. Chime reserves the right to refuse to process payments to any individual or company. If the decision is made to refuse a payment, Chime will notify you on or before the next business day.

2. These are the limits when using Chime Checkbook that apply in aggregate to the Joint Account and NOT per each Account Holder:

Transaction Type	Frequency and/or Dollar Limits
Chime Checkbook Payment	No limit to the number of payments per calendar day. Up to $10,000.00 per payment, maximum of $25,000.00 per month

 

We may change these limits with notice to you. To determine the current limits that apply to you, you can access them under the settings section of the Chime Mobile App, contact Member Services by calling 844-244-6363, or ask the Chime Chatbot within the Chime Mobile App.

Checkbook payments may be refused or returned by the individual or company to whom the payment was issued. The determination to accept this method of payment is at the discretion of the recipient. The U.S. Postal Service may also return payments in cases of expired or invalid addresses. If the Checkbook payment is returned for any reason, the payment will be voided, and the full amount credited to your Joint Account the next business day. If your Joint Account is closed when the Checkbook payment is returned to us, we will issue you a check and mail it to the address we have on file for you.

3. Uncashed Checkbook Payments: Uncashed Checkbook payments are voided after 180 days. Funds from voided checks will be credited to your Joint Account by 8 AM MST on the next available business day.

There is no fee to use the Checkbook.

4. CANCELLING A CHECKBOOK PAYMENT: You may cancel a single Checkbook payment as long as it has not been presented for payment by calling 1-844-244-6363, or by contacting us through the Chime Mobile App. Funds from any cancelled check will be credited to your Joint Account on the next available business day.
5. LIABILITY FOR FAILURE TO STOP PAYMENT OF A CHECKBOOK PAYMENT: If you request cancellation of a Checkbook payment within three (3) business days or more before it is scheduled to be made, and Chime does not cancel it in time, Chime will be liable for your losses or damages. We assume no liability for any interest or losses that result if your cancellation instructions are not received by us online or through our Chime Mobile App with a reasonable time to act before the check is presented to us.