The basic ways to access your Chime savings
You can withdraw money from your Chime savings account in three main ways: using the Chime debit card at an ATM, transferring money to your Chime checking account and then withdrawing it, or transferring money directly to another bank account you own. The method you choose depends on how quickly you need the money and whether you want to pay a fee.
Chime does not charge you to withdraw from your own savings account, but some ATMs charge a fee if they are not part of the Chime network. The fastest way is usually the ATM, since the money comes out when ready. Transfers between your own accounts take one to two business days.
Key Takeaways
- You can withdraw cash at any ATM using your Chime debit card, though non-Chime ATMs may charge a fee.
- Transferring money from savings to your Chime checking account is free and takes one to two business days.
- You can move money from savings to another bank account you own through the Chime app or website.
- Chime does not charge overdraft fees or savings withdrawal fees, but some ATMs outside the Chime network will charge you.
Using an ATM to withdraw cash
The simplest way to get cash is to find an ATM and use your Chime debit card. Chime partners with a network of ATMs, mostly at MoneyLion locations and other retail partners, where you can withdraw without paying a fee. You can find these ATMs through the Chime app by tapping the ATM locator button.
If you use an ATM that is not part of the Chime network, the ATM operator may charge you a fee — usually between $2 and $3. Chime will not charge you, but you will see the fee deducted from your account. Some banks and credit unions also have ATMs you can use, so it is worth checking whether your employer's bank or a local credit union near you participates.
Transferring money to your checking account
If you do not need cash when ready, you can move money from savings to your Chime checking account for free. This takes one to two business days. Once the money is in checking, you can spend it with your debit card, write a check if you have checks, or withdraw it at an ATM.
To make this transfer, open the Chime app, go to your savings account, and look for a "Transfer" or "Move Money" button. Select your checking account as the destination and enter the amount. The transfer will process overnight or within one business day. This method is useful if you want to move a larger amount or if you prefer not to pay ATM fees.
Transferring to another bank account
You can also move money from your Chime savings directly to a bank account at another institution — for example, a savings account at your credit union or a checking account at another bank. This is called an external transfer. The process is free and takes one to two business days.
To set this up, you will need the routing number and account number of the other bank account. You can find these on a check, on your bank's website, or by calling the bank. In the Chime app, go to your savings account, select "Transfer," choose "External Account," and enter the account details. Chime will verify the account by depositing two small amounts (usually under $1 each) and asking you to confirm them — this takes a few days the first time you add an account.
What happens if you withdraw too much
Chime does not allow you to overdraw your savings account. If you try to withdraw or transfer more money than you have, the transaction will be declined. This is different from a checking account, where some banks allow overdrafts and charge a fee.
If a withdrawal is declined, you will see a message in the app or at the ATM. You can then withdraw a smaller amount or wait until more money is deposited into your savings account. There is no penalty for a declined transaction.
Fees and limits to know about
Chime does not charge you to withdraw from savings, but you should know about a few limits. Some ATMs outside the Chime network will charge you a fee. If you make more than six transfers or withdrawals from your savings account in a calendar month, Chime may charge a fee of $10 per transaction after the sixth one — though Chime often waives this fee for customers in good standing.
There is no daily withdrawal limit at Chime ATMs, but some non-Chime ATMs have their own limits. If you need to withdraw a very large amount, you may need to make multiple withdrawals or use a transfer instead.
Frequently Asked Questions
Can I withdraw money from my Chime savings account at any ATM?
You can use your Chime debit card at any ATM, but you will pay a fee at ATMs outside the Chime network. Chime partners with MoneyLion and other retailers, so look for those first using the app's ATM locator. Non-Chime ATMs typically charge $2 to $3 per withdrawal.
How long does it take to transfer money from Chime savings to another bank?
External transfers to another bank account take one to two business days. The first time you add an external account, Chime deposits two small test amounts to verify it is yours, which adds a few days to the setup process. After that, transfers are faster.
What is the limit on how much I can withdraw from Chime savings?
There is no daily limit on withdrawals at Chime ATMs. Some non-Chime ATMs have their own limits, usually $500 to $1,000 per day. If you need to withdraw more, you can make multiple withdrawals or transfer the money to your checking account instead.
Will Chime charge me a fee if I overdraw my savings account?
Chime does not allow overdrafts on savings accounts, so you cannot spend more than you have. If you try to withdraw more than your balance, the transaction will be declined with no fee. This is a protection built into how savings accounts work.
Can I set up automatic transfers from my Chime savings account?
Yes, you can schedule recurring transfers from savings to your checking account or to an external bank account through the Chime app. This is useful if you want to move money on a regular schedule, like weekly or monthly.