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Chime Withdrawal Limits & Fees Explained (daily ATM limit, reset time, SpotMe, credit card, debit card, ATM Overdrafts)

Chime Withdrawal Limits & Fees Explained (daily ATM limit, reset time, SpotMe, credit card, debit card, ATM Overdrafts)

Being a Chime member, it’s very important for you to know your withdrawal limits. Basically, Chime withdrawal limits are categorized into two types: Daily ATM Withdrawal Limit and Over The Counter (OTC) Withdrawal Limit.

Chime also allows its members to get cash back at the point of sale (POS) i.e Chime customers can withdraw cash at retail stores after they shop. The limit on this is the same as the daily atm withdrawal limit and gets considered as an ATM transaction.

Chime Withdrawal Limits in 2021

These are the current withdrawal limits of Chime bank –

  1. ATM withdrawal limit is $500/day.
  2. OTC withdrawal limit is $500/day.
  3. Cash Back at POS limit is $500/day

Chime bank has set these dollar limits recently and may change them whenever required. So, I will keep updating this post as the limits change. Be Updated!

Chime ATM Limit

Chime has an ATM limit of $500 per day but the bank didn’t put any limit on the number of times its members can withdraw money.

However, I’ve seen many Chime members claiming that they have withdrawn more than $500 in a day. They said it’s just a matter of how many times you try to withdraw from an ATM.

Generally, people who are in need of large amounts, visit a Chime ATM and try to get $500 off their spending account at one go. Yes, that’s possible but it depends on the ATM’s cash availability and any restrictions put by Chime on your account.

Tip: To withdraw large amounts from Chime, use your Chime card more than one time at an ATM. You may be allowed to withdraw more than $500 up to $1,000 & up to $2000 sometimes. Because, there are people who claimed that Chime let them get over $1500 off their account.

Chime ATM Limit Reset

Chime follows the Mountain Time Zone. So, the ATM limit will reset daily at 12 AM MT. So, if you’ve exhausted your daily withdrawal limit, you don’t have to worry about it as it gets refreshed at midnight on a daily basis.

I would like to explain the reset process with a simple example. Let’s say that your Chime checking account has a balance of $5000.

With an urgent need for money, you will visit a nearby Chime ATM to withdraw cash. You are in need of $2000 and so, try to get that large amount at one go.

But, the ATM declines your transaction as you are requesting more cash than your actual limit. Remember that ATM transactions get usually declined due to several types of reasons like unavailability of cash, available denominations, your bank account limits, and ATM operator limits.

Let’s say that you took $500 first and then tried to get more money off your account. If the bank allows, you may get another $1000 in the same way by using your Chime debit card twice or thrice.

But, it’s highly impossible to get $2000 off your Chime account at an ATM. This is because of Chime’s daily ATM withdrawal limit of $500.

As you just exhausted the limit, the ATM doesn’t let you withdraw again until the limit gets reset by the bank. In our case, it’s Chime bank and it resets the ATM limit at midnight MT zone.

Chime OTC Withdrawal Limit

Chime’s Over-The-Counter (OTC) cash withdrawal limit is $500 per day which is the same as its ATM withdrawal limit. So, you can withdraw a maximum of $500 from Chime in a day at all nearby OTC locations.

An OTC withdrawal is nothing but the transaction that you make at a financial institution like a bank or a credit union using your debit card in order to get cash off your account.

To make an Over The Counter withdrawal from your Chime spending account, find a bank near you >> visit the bank with your Chime debit card >> Go to the customer service desk >> Say that you want to withdraw cash >> Provide your card >> Follow the instructions >> Take the cash.

There is no limit on how many times you can make OTC withdrawal transactions. However, the bank or credit union you visit may have its own money restrictions & fees.

For example, some Walmart stores have an OTC withdrawal limit of around $5000/day. So, when you visit a Walmart near you, walk to the OTC desk and simply ask the cashier about the cash withdrawal limits. It’s worth the time as you’ll be able to withdraw large amounts at a small fee compared to what you pay as an ATM fee.

Common OTC withdrawal locations for your Chime card include –

  1. Major Banks
  2. Credit Unions
  3. Walmart

Note that the maximum withdrawal limit at these locations varies. However, Chime will limit you from swiping your debit card if you exhaust your daily limit.

Cash Back At POS Limit

You can get cash back of up to $500 per day using your Chime card at point-of-sale locations. A POS location is nothing but a store that accepts payments using a Point-of-sale machine.

There are over 38,000 cash back locations in Chime’s network. Some major locations at which you can get cash back include – Walmart, Walgreens, CVS Pharmacy, Kroger, Rite Aid, Safeway, Dollar Tree, Dollar General, 7-eleven, and Speedway.

Again, there are no restrictions on the number of times you can get money off your Chime account via Cash Back at retail stores.

In order to get cash back, find & visit a Walmart nearby >> Shop for something >> Go to the self-checkout counter >> Scan the items you shopped for >> Insert your Chime card to pay >> Select Cash Back when you are asked for >> Select a Cash Back amount ($20, $40, $60, $80, or $100) >> Take the cash >> Remove your card from the POS machine.

Chime SpotMe withdrawal limit

With Chime SpotMe, you can withdraw cash at an ATM even when there is not enough balance. Here, Chime applies the same withdrawal limit as its ATM limit.

So, Chime’s SpotMe withdrawal limit is $500 per day which is subject to the overdraft limit that the bank has offered you when you turned on the SpotMe service.

For example, let’s say that your SpotMe limit is $100 and you already have $400 in your spending account. Then, you will be able to withdraw $500 using SpotMe at an ATM.

Note that the transaction gets declined if you try to withdraw more than the available amount in your account or when you request an amount that doesn’t fall under your SpotMe limit.

Chime ATM fees

Chime charges an ATM fee of $2.50 per transaction for getting money off your account at an ATM not owned by the bank.

The cash withdrawal fee is $0 if you withdraw money from a MoneyPass ATM near you. And so, it’s always better to look for a MoneyPass ATM nearby as you can avoid the fee.

In order to find a MoneyPass ATM near you, open your browser >> Go to moneypass.com >> Click on the ATM Locator option >> Scroll down & enter your ZIP Code/Location >> Select an ATM on the map >> Go through the details like ATM timings, directions, cash availability, etc.

Note that out-of-the-network ATMs i.e ATMs that are not owned or controlled by Chime may charge you an operator fee even if you just check your checking account balance. This fee will be deducted from your Chime card balance & gets included in the transaction history.

Can I use my Chime credit card at ATMs?

Yes, you can withdraw money using your Chime credit card at ATMs. The Chime credit builder card is a visa card that works at all ATMs in the country.

In order to use your Chime credit builder card to withdraw cash, move money into your card from your spending account balance >> visit a Chime ATM near you >> withdraw cash.

It’s free to use your Chime credit card at MoneyPass ATMs. An ATM fee of $2.50/transaction will be levied if you use the card at other ATMs. An additional fee may be charged by the ATM operator.

Can I overdraft my Chime account at ATMs?

Yes, you can overdraft your Chime account at ATMs using your Chime card. For this to work, you must have enabled the SpotMe service.

The minimum overdraft limit that you get is $20 whereas the maximum is $200. The limit will be increased automatically if Chime thinks you are eligible for a raise.

You can also manually raise the SpotMe limit on the app but the option works only if you are made eligible to do so. Your maximum limit can be viewed in the settings section of the Chime app.

You can also temporarily increase the limit using the Boost option on the app. With this option, you can send some amount as a Boost to raise the SpotMe limit of your friends & family members and in the same way, they can Boost your SpotMe limit.

In order to overdraft your Chime account, open the app >> enable SpotMe >> visit a Chime ATM nearby >> Insert your Chime card >> Request the desired amount >> Enter the PIN >> Take the cash.

You will be notified every time you utilize the SpotMe service to overdraft your Chime account at an ATM. This overdraft facility is fee-free.

Note that you should pay the used amount to Chime back on time to avoid any account restrictions & additional late fee charges.

FAQ

What ATM can I use my Chime card for free?

You can use your Chime card to withdraw money for free at MoneyPass ATMs.

Is Allpoint a free ATM for Chime?

No, Allpoint is not a free ATM for Chime. You may be charged an operator fee at Allpoint ATMs for withdrawing cash or checking your balance.

Can you withdraw money from Chime without a card?

No, it’s not possible to withdraw money from Chime without your debit card or credit card at an ATM. Cardless ATM withdrawals are not yet enabled by Chime bank.

Where can I pull money off my Chime card?

You can withdraw cash using your Chime card at ATMs, Banks, Credit Unions, Walmart, Walgreens, and 38,000+ Greendot-partnered retail stores across the United States.

How much can I withdraw from my chime card?

You can withdraw $500/day using a Chime card at ATMs, OTC locations, and retail stores that offer cash back at POS.

Where can I withdraw money from my chime account without my card?

There are no places at which you can withdraw money from your Chime account without your card. Because, cardless transactions are disabled on Chime and the bank doesn’t offer cardless ATMs.

How do you use a cardless Chime ATM?

You cannot use a cardless ATM with Chime yet.

Can you use a Chime card at any ATM?

Yes, the Chime card works at all ATMs in the U.S. But, only MoneyPass ATMs are free for Chime members.

Conclusion: Chime Withdrawal Limits and Fees

Chime’s withdrawal limit for ATMs, Over-The-Counter, and Cash Back locations is $500 per day. The bank doesn’t charge a fee when you withdraw money from MoneyPass ATMs. However, you will be subject to a $2.50 fee + operator fee if you get money off your account at out-of-the-network ATMs.

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