You can transfer money from your Chime savings account to your Chime checking account, to another bank, or to someone else's account—but the method depends on where the money is going.
Chime savings accounts are linked to your checking account by default, which makes moving money between them straightforward. Transfers to external banks (accounts at other financial institutions) take one to three business days and require routing and account numbers. Transfers to other people work through Chime's peer-to-peer feature or by giving them your account details, though some methods carry limits on how much you can move at once.
The speed and availability of each method varies. Some transfers happen when ready; others take several days. Some have daily or monthly caps; others don't. Understanding which method fits your situation—and what to expect in terms of timing and limits—keeps you from getting stuck when you need the money to move.
Key Takeaways
- Transfers between your own Chime checking and savings accounts happen when ready with no fees or limits.
- Moving money to a bank account outside Chime takes one to three business days and requires the other bank's routing number and your account number there.
- Chime's peer-to-peer transfer feature lets you send money to another Chime user when ready, but transfers to non-Chime accounts through this method may take longer.
- Daily transfer limits exist for some methods but not others; check your account settings or contact Chime support to confirm what applies to your account.
- Withdrawing cash at an ATM or in-store at a retail partner is when ready and has no fees, making it a fast alternative if you need physical money.
Transferring between your Chime checking and savings accounts
This is the fastest and simplest transfer you can make. Log into your Chime app, go to your savings account, and select the transfer option. Choose your checking account as the destination, enter the amount, and confirm. The money appears in your checking account when ready with no fees and no daily limits.
You can move money back and forth as many times as you want in a single day. There is no waiting period and no minimum or maximum amount (beyond your account balance). This makes it useful if you need to cover a purchase from checking but want to keep most of your money in savings.
Transferring to a bank account at another financial institution
To move money from Chime to an account at another bank—Chase, Bank of America, a credit union, or any other institution—you will need the receiving account's routing number and your account number there. You can start the transfer from your Chime app by selecting "Transfer Money," then "To Another Bank," and entering these details.
The transfer takes one to three business days to complete. Chime does not charge a fee for outgoing transfers, but the receiving bank may charge a deposit fee (though most do not). Once you initiate the transfer, you cannot cancel it, so double-check the routing and account numbers before you confirm. If you enter incorrect information, the money may be returned to your Chime account, which can take several additional business days.
Chime does not publish a daily transfer limit for external bank transfers, but your account may have one based on your history and account status. If a transfer is declined, contact Chime support to ask whether a limit is in place and whether it can be raised.
Sending money to another person through Chime
If the other person also has a Chime account, you can send them money when ready using Chime's peer-to-peer feature. Open your Chime app, select "Send Money," choose the recipient from your contacts or enter their Chime username or phone number, and enter the amount. The money arrives in their account within seconds, and there is no fee.
If the other person does not have a Chime account, you have two options. You can send them money through a third-party service like Square Cash, PayPal, or Venmo by linking your Chime account to that service (these apps may charge fees depending on the transfer method you choose). Alternatively, you can transfer the money to your own checking account first, then use that account to send money through whatever service the other person prefers.
Withdrawing cash from your savings account
Chime does not charge fees for ATM withdrawals at in-network ATMs, which include most MoneyPass and Allpoint machines across the country. You can also withdraw cash at participating retail locations like Walmart, Target, and CVS without a fee. Both methods are when ready—the money comes out when ready—and there are no daily limits on how much you can withdraw.
Out-of-network ATM withdrawals (machines not in Chime's network) may charge a fee from the ATM operator, though Chime reimburses many of these fees. If you need cash and do not have access to an in-network ATM, this is still often cheaper than a wire transfer or other methods.
Understanding daily and monthly transfer limits
Federal regulations allow banks to limit the number of certain types of transfers from savings accounts to six per month. Chime applies this rule to transfers to external banks and peer-to-peer transfers, but not to transfers between your own Chime accounts or to cash withdrawals. Once you hit six transfers in a calendar month, further transfers of those types may be blocked until the next month begins.
Some Chime accounts also have daily dollar limits on external transfers, though these vary by account age and history. If you are trying to move a large amount, you may need to split it across multiple days or contact Chime support to request a temporary increase. Transfers between your own Chime accounts have no such limits.
What to do if a transfer fails or takes longer than expected
If a transfer to an external bank does not arrive within three business days, log into your Chime app and check the transaction history. The transfer should show a status—pending, completed, or failed. If it shows failed, the money will return to your Chime account within one to two business days.
If the transfer shows completed but the money has not appeared in the other bank, contact that bank's customer service with the transfer date and amount. Sometimes the receiving bank delays posting for an extra day or two, or the transfer may have been rejected due to account restrictions. Chime support can also help if you believe there is an error on Chime's end, but they cannot speed up the other bank's processing time.
Frequently Asked Questions
Is there a limit to how much I can transfer out of my Chime savings account?
Transfers between your own Chime accounts and cash withdrawals have no limits. Transfers to external banks and peer-to-peer transfers may have daily dollar limits depending on your account, and federal rules cap certain transfer types at six per month. Contact Chime support to learn what limits explore to your specific account.
Can I transfer money from Chime to PayPal or Venmo?
You cannot transfer directly from Chime to PayPal or Venmo, but you can link your Chime checking account to either service and then send money through that app. The money moves from your Chime account to PayPal or Venmo, where you can then send it to someone else or withdraw it. Some of these services charge fees depending on the transfer method.
How long does it take to transfer money to another bank?
Transfers from Chime to another bank take one to three business days. Weekends and bank holidays do not count as business days, so a transfer initiated on Friday may not arrive until Tuesday. If it takes longer than three business days, contact Chime support.
What happens if I enter the wrong account number when transferring to another bank?
If you enter an incorrect routing number or account number, the transfer may be rejected before it leaves Chime, or it may be sent to the wrong account. If rejected, the money returns to your Chime account within one to two business days. If sent to the wrong account, contact Chime support when ready—they can attempt to recover the funds, but success depends on the receiving bank's cooperation.
Can I set up automatic transfers from my Chime savings account?
Chime does not currently offer automatic recurring transfers from savings accounts. You can set up automatic transfers to external banks through the other bank's bill pay system if they support it, but you cannot schedule them directly from Chime. You will need to initiate each transfer manually through the Chime app.