Whether you’re an employee, independent contractor or somewhere in-between, there’s no denying that getting paid is important. But it can be a drag to go to the bank or use a mobile app to cash or deposit a check. That’s why direct deposit is a great option if you’re looking to access your cash quickly.

In this video I show you how to chime bank direct deposit works and give you tips on using the chime app!💪Subscribe to Brandon Young- https://goo.gl/Wd56du. Banking Services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa ® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. And may be used everywhere Visa debit cards are accepted. The Chime Visa ® Credit Builder Card is issued by Stride Bank. To set up direct deposit, you must provide your Chime routing number and account number to your payroll or benefits provider. You can get this information using the Chime mobile app or the website, www.chime.com. In the Chime mobile app. Tap Move Money to see your Chime.

Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account. This can help the payee receive payment faster and avoid dealing with physical checks.

In many cases, direct deposit means your payroll checks are automatically deposited into your bank account. You would typically set up this type of direct deposit with your employer. But, you can also use direct deposit for tax refunds and other types of payments. The benefit of direct deposit is that funds are seamlessly transferred from the payer to the payee. Like the name suggests, the funds are directly deposited into a bank account for easy and quick access.

If you want to avoid cumbersome checks and ensure you get paid quickly, signing-up for direct deposit is key. Whether you sign-up for direct deposit through your employer, a vendor or another company, typically the process is the same.

Of course, each company may have different forms you need to fill out to process the request. In all likelihood, you’ll need the following types of information:

• Your bank routing number
• Your account number (this is the account you want the funds to go into)
• Your bank’s address
• A voided check

You can think of your routing number as an electronic address that helps ensure that the funds are going to the right neighborhood. Your specific and unique account number, on the other hand, is like your financial home. Both of these numbers help specify exactly where your money should go when you set up direct deposit.

Lastly, your bank’s address and a voided check may be used for additional verification as part of the direct deposit set-up process.

After you learn how to set up direct deposit, you may then want to know how long direct deposit takes to go into effect.

In some cases, it can take one to two pay cycles for direct deposit to be set up properly. This may mean you’ll still have to use physical checks for a little while longer until everything is set up.

Once direct deposit is ready, exactly when your funds will hit can vary depending on factors like what type of payroll software your employer uses and when payroll is submitted. This is important to understand, especially if you are setting up automatic transfers. For example, if your direct deposit won’t hit until 9am on a business day, but an automatic transfer is taken out earlier than that, this can cause problems. Instead, find out exactly when your funds will be available and then schedule your bill payments and automatic transfers after your payment hits.

It’s also important to note that in some cases your financial institution may put a hold on your funds for a couple of days before releasing the money into your account. For this reason, early direct deposit features can be a complete game-changer.

Early direct deposit allows you to access your funds faster than most traditional banks.

There’s nothing worse than knowing that you should already have your money – but your funds are on hold. You have bills to pay and a life to live. If your funds are on hold and you make a payment and don’t have enough in your account, it can spell trouble and even lead to hefty fees like overdraft fees.

That’s why when you direct deposit with Chime, you get access to features early direct deposit¹, overdraft without fees², and more!

Bottom line

If you’re offered the option to sign-up for direct deposit, it’s always a good idea. It not only minimizes paperwork and c

Chime Routing Number

Chime works with banks that provide banking services for your Chime Online Banking Account. The bank’s name appears in the Spending Account and Savings Account Agreement and also appears on the back of your Chime Visa^® Debit Card.

Your Routing Number will depend on which bank provides your banking services for your Chime Spending Account.

How to find your Chime Routing Number

• Log in to your Chime Account via the Chime mobile app or at chime.com.
• Go to the Move Money section of your Chime Account and select Direct Deposit.
• The name of bank that provides banking services for your Chime Spending Account, along with the Routing Number and Spending Account Number will be visible on the Direct Deposit screen.

What is a Routing Number?

A Routing Number is a nine-digit number that used to identify a bank or financial institution when clearing funds for electronic transfers or processing checks in the United States.

When do you need a routing number?

Questions?

Check out our FAQ

Chime is a full-featured deposit account. Your account can receive direct deposits and it supports pre-authorized withdrawals and interbank transfers through the Automated Clearing House (ACH) Network.

Chime gives you:

• A Chime Visa® Debit Card
• An FDIC-insured deposit account that can be managed entirely from your smartphone
• An optional Savings Account that helps you save money without thinking about it

Chime bank accounts are insured up to the standard maximum deposit insurance amount of $250,000 through our partners, The Bancorp Bank or Stride Bank, N.A., Members FDIC.

To set up direct deposit, you must provide your Chime routing number and account number to your payroll or benefits provider. You can get this information using the Chime mobile app or the website: www.chime.com.

In the Chime mobile app:

1. Tap Move Money to see your Chime routing number and account number so that you can give this information to your payroll or benefits provider.
2. Optionally, from Move Money, tap Direct Deposit > Email me a pre-filled direct deposit form to send the completed form to yourself.

Chime Bank Direct Deposit Time

You can either print the form to give to your provider or forward it to them by email.

What Time Does Chime Direct Deposit Hit

On the Chime website: www.chime.com

1. Click Move Money to see your Chime routing number and account number to give to your payroll or benefits provider.
2. Optionally, click Print or Download to get a completed direct deposit form.

You can give the printed form to your provider or attach it in an email to send to them.

NOTE: If you need to provide the address of the bank to your payroll or benefits provider, give them the name and address of Chime’s FDIC-insured partner banks that hold your deposits:

The Bancorp Bank
6100 S Old Village Pl
Sioux Falls, SD 57108

Stride Bank N.A
324 W Broadway Ave
Enid, OK 73701

Chime Problems Today

Chime partners with two banks, The Bancorp Bank and Stride Bank, to support your account and create an improved member experience. Your Chime account is specifically tied to one of these banks. There is no difference in features, benefits, or member experience between the two banks. You must use the routing number displayed in your app; doing so will ensure your funds are correctly directed to your Chime Spending Account.

Chime Direct Deposit Form

Chime is a technology company that is in the business of providing access to banking services. While Chime provides the digital experience to access your funds, your bank account is backed by one of two partner banks, The Bancorp Bank and Stride Bank, N.A.. Your Chime Spending Account is insured up to the standard maximum deposit insurance amount of $250,000 through our partners, The Bancorp Bank or Stride Bank, N.A., Members FDIC.