The fastest way to move money out of Chime savings
You can withdraw money from your Chime savings account in three main ways: using the Chime mobile app to transfer to your Chime checking account, using an ATM with your debit card, or requesting a transfer to an external bank account. The app transfer is usually the quickest — it happens within minutes. ATM withdrawals work when ready but may have limits depending on your account type. Transfers to another bank typically take one to three business days.
Chime doesn't charge you for withdrawals, but your bank or ATM network might. Some ATMs outside the Chime network charge a fee, though Chime reimburses many of these fees automatically. If you're moving money to a bank account that isn't Chime, check whether that bank charges a fee for incoming transfers.
Key Takeaways
- The Chime app lets you move money from savings to your Chime checking account in minutes with no fee.
- You can withdraw cash at any ATM, but ATMs outside the Chime network may charge a fee that Chime will usually reimburse.
- Transfers to a bank account outside Chime take one to three business days and may be subject to limits on how much you can move per day.
- Your Chime savings account may have withdrawal limits based on your account type — check your account details in the app to see yours.
Transferring money through the Chime app
Open the Chime app and tap the account you want to transfer from — your savings account. Look for a button labeled "Transfer" or "Move Money." Select your Chime checking account as the destination. Enter the amount you want to move and confirm. The money appears in your checking account within minutes, and you can then withdraw it as cash or spend it.
This method has no fees and no daily limits beyond what Chime sets for your account type. It's the simplest route if you just need access to your savings for spending or cash withdrawal.
Withdrawing cash at an ATM
Use your Chime debit card at any ATM to withdraw directly from your savings account. The transaction processes when ready. Chime partners with a network of ATMs — using one of these costs nothing. If you use an ATM outside the Chime network, the ATM operator may charge a fee (usually $2 to $3), but Chime reimburses most of these fees automatically within one to three business days.
Check your account type to see your daily ATM withdrawal limit. Some account types allow higher daily limits than others. If you hit your limit, you can transfer money to your checking account through the app and withdraw from there, or wait until the next calendar day.
Transferring to a bank account outside Chime
To move money to another bank, open the Chime app and select "Transfer." Choose "External Account" or "Send to Bank." You'll need the routing number and account number of the bank you're sending to. Enter the amount and confirm. The transfer typically takes one to three business days to arrive.
You can only transfer money this way if you've already added the external account to your Chime profile. If you haven't, you'll need to add it first — Chime will verify the account by depositing two small amounts (usually under $1 each) and asking you to confirm the amounts. This verification takes one to two business days before you can transfer.
Some account types have daily or monthly limits on how much you can transfer to external accounts. Check your account settings in the app to see whether a limit applies to you.
Understanding your account limits
Chime savings accounts come in different types, and each has different rules about how much you can withdraw or transfer per day. Your account type determines whether you have a $500 daily ATM limit, a $1,000 limit, or no limit at all. The app shows your current account type and your remaining withdrawal allowance for the day.
If you need to withdraw more than your daily limit, you have two options: wait until the next calendar day (limits reset at midnight), or transfer money to your checking account first and withdraw from there. Transfers between your own Chime accounts don't count against withdrawal limits.
What happens if you need the money urgently
If you need cash right now, an ATM withdrawal is your fastest option — it's when ready. If you need to send money to someone else's bank account, app-to-app payment services like Venmo or PayPal may be faster than a bank transfer, though those services have their own limits and fees. Check whether the person you're sending to uses one of those services.
If you've hit your daily withdrawal limit and can't wait until tomorrow, contact Chime support through the app. They can sometimes raise your limit temporarily or discuss other options, though they're not required to do so.
Frequently Asked Questions
Can I withdraw money from Chime savings without moving it to checking first?
Yes. You can withdraw directly from savings at any ATM using your debit card, or transfer to an external bank account. You only need to move money to checking if you want to spend it at a store or online.
Why is my ATM withdrawal being declined?
The most common reason is that you've hit your daily withdrawal limit. Limits reset at midnight. Other reasons include a frozen account, insufficient funds, or a temporary system issue. Check the app to see your remaining daily allowance, or contact Chime support if the problem persists.
Do I lose interest if I withdraw from savings?
No. Withdrawing money doesn't affect your interest rate or account status. You only lose the interest you would have earned on the money you withdrew, because that money is no longer in the account earning interest.
How long does it take to transfer to another bank?
One to three business days is typical. Weekends and holidays don't count as business days. If you initiated a transfer on a Friday afternoon, it may not arrive until Tuesday or Wednesday.
Can I set up automatic transfers from savings to checking?
Chime doesn't offer automatic recurring transfers between your own accounts through the app. You can transfer manually whenever you need to, but you'll need to do it each time rather than scheduling it in advance.