The Chime neobank is one of the most reputed Digi banks. It does not offer any corporal
services but fulfills all the financial needs within your comfort. Chime works exactly like any
other traditional bank. It also provides P2P services. Hence, Chime is a combination of both a
bank and a P2P app.
Like other banks, Chime, too has transfer limits. The different modes of transactions have their
limits. The article will provide you the detailed figures of Chime Transfer Limits.
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Chime Transfer Limits
The Chime online bank has the following limits.
ATM Withdrawals
Chime financial services also facilitate ATM Withdrawals. Chime has more than 38000 ATMs all
over the nation, having a limit of $500 per day. Chime members have free access to these
ATMs. You can locate these ATMs quickly through the Chime ATM locator. However, Chime
charges a fee of $2.50 for ATMs outside the VPN and Money Pass Networks.
Card Purchases
You can make card purchases up to $2500. The Chime card purchases include ATM
Withdrawals, OTC Withdrawals, payments made through cards, and OTC withdrawals. These
payments collectively add up to $2500, i.e., the Chime Card LImit or Spending Limit.
Over-the-Counter Withdrawals
Over-the-Counter or OTC Withdrawals means releasing the money to you by rendering your
card. You can perform Chime OTC withdrawals anywhere through the Chime VisaVisa Debit
Card. Chime Over-the-Counter Withdrawals has a limit of $500. Since these transfers are done
outside the Money Pass and VPN Networks, $2.50 is charged at every withdrawal.
Cash Back at Point of Sale
Cash Back at the point of sale is also a part of Card purchases. It has a limit of $500 per day.
There is no limit to the frequency of these withdrawals. They work just like any other
CashBacks.
Chime Spotme Limit
Chime Spotme is an optional feature. It allows its members to make debit card purchases with
no overdraft fee. But, It has eligibility criteria. Chime automatically informs you when you can
use Chime Spotme. The limit starts from $20, and you can increase it up to $100.It is essential
to receive direct deposits every 30 days to be a part of Chime Spotme.
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Chime Pay Friends Limit
Chime’s famous P2P service, also known as Chime Pay Friends too has a limit. It is an instant
transfer service, where you can send money in a click. Just add the amount and the reason for
sending. The recipient will receive the money instantly.TheThe per day limit of Chime Pay
Friends is $2000.
Reset Chime Limits
Chime restricts its members to reestablish a Chime Transfer Limit. Chime only has the power to
switch the limits. The limits change automatically depending upon the number of transactions
and the time limits. You can only increase the Chime Spotme limit up to $200. However, Chime
supports this feature only if you have an adequate record. CHime checks the minimum account
balance for the same. You should also have regular direct deposits of at least $500 every 30
days if both the conditions are fulfilled, Chime uplifts the Spotme LImit.
Final words
Chime has set separate limits for the different practices of Chime Transfers. An erudition of
Chime transfer limits will keep you away from unwanted payment errors. This way, your
transactions will be quick and well-ordered. Chime also provides another expedient feature, i.e.,
Chime Spotme. You have a chance to increase this limit.
Thus, like any other traditional bank, Chime too has criteria. You should have an account that is
up to the mark and matches Chime’s preconditions. This way, you will have access to the most
prominent services.