CARES Stimulus payments and Chime

We're here to help you get your stimulus payment faster

This Resource Guide provides information to help you get your government stimulus payment faster through direct deposit and navigate COVID-19 with your money. 

Stimulus Payment Status

Please note that our member support agents do not have information on the status of Economic Impact Payments.

Updated on
Latest update
May 13th, 2020

The IRS has indicated that after May 13th, it will no longer accept new direct deposit information online. Instead, they will send any outstanding stimulus payments through the mail. If you have questions about your stimulus payment status or have not received your stimulus payment yet, go to the IRS stimulus FAQs for more information.

Get your stimulus payment faster using the IRS “Get My Payment” website

If you are eligible for a stimulus payment and have not received it yet, it’s likely you will get your payment via physical check or you need to apply.

Add your bank account info and avoid a paper check 

If you filed a tax return in 2018 or 2019 you can submit your Chime routing and account information to get your stimulus payment via direct deposit. You can find your Chime routing and account information in the Move Money section under Settings.

Apply for a stimulus payment  

If you made less than $12,200 (or $24,400 as a married couple), or otherwise didn’t file a federal income tax return in 2019 or 2018, you can apply for a stimulus payment.

Looking for more information?

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Get information from the IRS on the status of your Economic Impact Payment

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Will I get a stimulus check?

Experts estimate that 93% of American tax filers will receive some benefit, with 140 million receiving the full amount. 

The first requirement: You must have a Social Security Number. 

The second requirement: Your adjusted gross income (AGI) must not exceed

  • $99,000 for single filers
  • $198,000 for married filers
  • $136,500 for heads of household (those who are single, widowed, or divorced with dependents)
  • You were not claimed as a dependent on someone else’s taxes

Even if you have not filed taxes, you may be eligible if you receive social security or railroad retirement benefits. For more eligibility information check out the IRS website.

When is my stimulus payment coming?

As with all direct deposits, Chime will make your money available as soon as we can, and we will immediately notify you via push notification (if you have them enabled) or via email, when a deposit arrives in your Chime Spending Account!

We believe that the majority of IRS stimulus payment deposits (AKA Economic Impact Payments) have already arrived. The IRS has indicated that after May 13th, it will no longer accept new direct deposit information online. Instead, they will send any outstanding stimulus payments through the mail.

If you have not received your stimulus payment yet, it is likely that the IRS will send your stimulus payment via paper check. The IRS has set up a web portal where you can check the status of a payment.

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If you have questions regarding the stimulus payment and your Chime account, please check out our FAQ below. 

Will I get my stimulus check up to 2 days early?

As with all direct deposits, Chime will make your money available the moment we can. Unfortunately, we have no way to track the status of your payment until it arrives in your account.

Can I deposit the stimulus check using the Mobile Check Deposit feature?

Yes, If you have not authorized the IRS to pay you electronically, you will get a physical check in the mail. You can use Mobile Check Deposit in the Chime app to deposit the stimulus check.

Who will be eligible for the CARES Act Stimulus Payment, and how much will they receive?

Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $50 for each $1000 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible. Please note that if you were claimed as a dependent on someone else’s taxes you are not eligible.

Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.

How does the U.S. government know where to send the stimulus payment?

Most people do not need to take any action. The IRS will use the information on your last tax form to calculate and automatically send the economic impact payment to those eligible.

If you received a 2019 tax refund from the IRS via direct deposit into your Chime Spending Account (or you received your 2018 tax refund into your Chime account and have not filed a 2019 tax return), the stimulus payment will be deposited into the same account.

If you instead received your refund check in the mail, the government will send your economic impact payment to the same address.

How will the U.S. government calculate my income?

For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.

When will my stimulus payment arrive?

It’s been reported that the IRS, starting the week of April 13, will begin sending out direct payments, starting with about the 60 million Americans who have direct deposit information on file with the IRS from their 2018 or 2019 tax returns. If you didn’t get your tax refund directly from the IRS (for example, your tax preparer sent it to you), you may have to take additional steps to get your stimulus payment via direct deposit. See “What if I didn’t get my refund directly from the IRS?” below.

During the first week of May, the IRS will begin sending paper checks to individuals. About 5 million paper checks will be sent per week, which could take up to 20 weeks to get all the checks out.

How will the IRS know where to send my stimulus payment?

If you received a 2019 tax refund from the IRS via direct deposit into your Chime Spending Account, the stimulus payment will be deposited into the same account.

Most people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.

For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.

I am not typically required to file a tax return. Can I still receive a stimulus payment?

Yes. The IRS will use the information on Form SSA-1099 or Form RRB-1099 to generate the stimulus payment to people who are not required to file a tax return and did not file a return for 2018 or 2019. This includes senior citizens, Social Security recipients and railroad retirees who are not otherwise required to file a tax return. Certain low-income workers and certain veterans and individuals with disabilities are also eligible. 

Since the IRS would not have information regarding any dependents for these people, each person would receive $1,200 per person, without the additional amount for any dependents at this time.

Taxpayers can check the IRS tool under the “Do I Need to File a Tax Return?” to learn if they have a filing requirement.

I have not filed my tax return for 2018 or 2019. Can I still receive the stimulus payment?

Yes. The IRS urges anyone with a tax filing obligation who has not yet filed a tax return for 2018 or 2019 to file as soon as they can to receive an economic impact payment. Taxpayers should include direct deposit banking information on the return.

For those concerned about visiting a tax professional or local community organization in person to get help with a tax return, these economic impact payments will be available throughout the rest of 2020.

Will I receive the stimulus payment if I am on Social Security/Disability?

Yes. You can still qualify for the stimulus payment even if you receive Social Security benefits. That includes income from disability, SSI, and retirement.

Will the stimulus payments be taxed?

No, the stimulus payment is not taxable.

Are college students eligible for the stimulus payment?

Just being in college doesn’t make you ineligible. However, if someone claims you as a dependent on their tax return or if you earn more than the limits defined by the IRS, you are not eligible to receive the stimulus payment.

Can the stimulus payment be garnished if I have a lien or owe child support?

Yes. Stimulus payments will be subject to garnishment if back child support is owed. You can find more information here.

What if someone offers to get me my stimulus payment sooner?

Protect yourself from scams. If someone is offering you a faster stimulus payment in exchange for money or information, they are a scammer. The IRS has noted a wave of new schemes involving Stimulus Payments. Most schemes involve attempts to collect your personal or financial information in order to receive your payment sooner, but other schemes may involve first sending you a bogus check and requiring that you call in with or mail in additional information.

If you are the target of a scam, you can report it to the IRS by emailing phishing@irs.gov. For more information, see the IRS’s Coronavirus scams page.

What if I didn't get my refund directly from the IRS?

If you didn’t get your tax refund directly from the IRS (for example, your tax preparer sent it to you), the IRS may send your stimulus payment via paper check. Paper checks are not due to come out until the first week of May.

However, you may be able to get your payment sooner as a direct deposit if you update your information with the IRS. The IRS has indicated it will set up a web portal in order to allow you to provide your direct deposit information so you can receive your stimulus directly to your Chime account. This will get your payment to you faster and you won’t have to wait for a check in the mail.

Although the Treasury and IRS currently have not provided a specific date when they will open the portal, we will be doing our best to keep you informed, and we recommend checking the IRS Economic Impact Payment webpage frequently as well.

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