Pay Friends. Always Free.

Pay Friends is a payment app feature that is built into your mobile bank account. (732) 707–5204 Instantly send money to your friends, family, or roommates when they open a Chime Spending Account.

Mobile Payments Done Right

That starts with no fees. Ever. We believe sending money should always be free, so we do not charge the common wire fees charged by other mobile payment apps, because you can transfer money for free between Chime online bank accounts. Just like our commitment to providing you a Spending Account with no hidden fees, when you pay friends, family, or anyone, there will always be no fees.

Access Your Money Instantly from other Chime Members

Pay Friends is different than other Peer 2 Peer (P2P) payment apps because Pay Friends is connected to your bank account. No need to worry about connecting your Chime Spending Account to yet another money transfer app, simply use Pay Friends with total convenience.

4 Reasons to Use Pay Friends vs. Other P2P Apps

Get money into your bank account instantly. Money is instantly deposited into your Spending Account for transfers between Chime Members
No need to wait days for the money to arrive in your Chime Spending Account or pay to cash out. Other apps you may use to send money typically make you wait for at least 1 business day.
No fees charged to transfer money to friends or to access the funds from the mobile payment. Many P2P platforms charge a fee to get your money instantly. Fees can range from a flat fee of .25 cents to 1.5% of the total amount.
Funds in Chime accounts are FDIC insured through The Bancorp Bank or Stride Bank; Member FDIC, which means your money is protected.

Here’s how our Pay Friends transfers compare to other payment apps:*

How to Start Mobile Paying Your Friends

Send money in a snap:

Open the Chime mobile app and tap ‘Pay Friends’.
Input your friend’s email or phone number or select them from your contact list.
Enter the amount of money you want to transfer and click ‘Send’

Your friend will receive a message with directions on how to sign up for a Chime Spending Account and claim the money if they don’t have Chime. Remember, Chime mobile payments are always free!

How do I transfer money from an external account to my Chime Spending Account?

You can link an external account that you own to your Chime Spending Account:

Log in to your online account at www.chime.com.
Select Move Money
Select Transfers.
When you are prompted, enter the login credentials for your other bank (your external account).

Your external account will be instantly linked to your Spending Account.

Once your external account is linked, you can make transfers from the external account to your Spending Account:

A maximum of $200.00 per day
A maximum of $1,000.00 per month.
Transferred funds will be available within five (5) business days.

How do I initiate a money transfer from my external account?

Many banks allow you to make transfers from their website.

If you have an external bank that offers this service:

Log in to the bank’s website.
Add your Chime Spending Account information using the same routing and account information that you would use for direct deposit.

Why is my bank transfer taking so long?

Bank transfers are completed through ACH, which are only processed on business days (Monday through Friday, excluding any Federal holidays).

After a transfer is processed, Chime’s bank partner asks that we hold the transfer for at least three (3) business days. Consequently, it takes a little less than a week to post the money to your Spending Account.

What are the transfer limits?

Bank (ACH) transfers to the Spending Account that are initiated through Chime using the Chime mobile app or the website are limited to:
A maximum of $200 per day
A maximum of up to $1,000 per calendar month
No limit to the number of times per day
Cash loads have:
A maximum of three (3) per day
A limit of $1,000.00 per load per day
A maximum of $10,000.00 per calendar month
Chime does not impose a limit on bank transfers (ACH transfers) that are initiated from an external account. There is no limit to the number of times per day nor is there a maximum dollar limit. However, external banks may impose their own limits and fees.

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