Chime SpotMe®
If you already have a Chime account — or are thinking of switching banks — its SpotMe service may be a useful alternative to anyone who regularly needs cash to cover them until their next paycheck.
Chime's SpotMe overdraft feature allows you to overdraw your account up to $200 at no cost, as long as you receive a sufficient direct deposit within 34 days. This makes it significantly less expensive and more flexible than a payday loan, which typically costs $10 to $15 per $100 borrowed with terms as short as seven days.
But it's not ideal for an emergency expense. New SpotMe users can only to access $20 in overdrafts. Chime increases the amount of overdrafts you can receive based on your account history and regular deposits.
If you find yourself regularly relying on expensive short-term loans, consider signing up for a Chime account today to help you save in the future.
- Available in all states
- Overdraft up to $200
- 34-day grace period
- No overdraft fee
- Must have a Chime account
- New customers ineligible for full overdraft feature
Loan amount | Up to $200 |
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Loan Term | N/A |
Turnaround time | Same day |
Loan amount | $20 - $200 |
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Turnaround time | Same day |