7. Continue To Finish
The Zelle financial platform for banking is open on Saturday, Sunday, and every day from 10 am to 10 pm ET. In addition, a live customer service representative can help you at 844-428-8542.
Chime Bank is open on Sunday and 24/7 to answer your questions via phone or email support. Call Chime at 1-844-244-6363 or email their support team at [email protected] .
Remember, both fintech companies don’t offer financial services like money orders, cashier’s checks, notary services, medallion stamps, sell gift cards, drive-thrus, 24-hour check cashing, safe deposit boxes, and cash third-party checks.
Federal banking laws require both Zelle and Chime to verify your information. As a result, it may take a few days to activate your financial accounts for the companies to verify your identity.
- Log in to your Chime bank account via the website or app
- Click “Move Money”
- Click “Transfers”
- Enter your Chime log in information when prompted
- Complete your transaction
Are There Fees for Using Chime with Zelle?
Chime and Zelle don’t charge transaction fees or interest to customers. Instead, each fintech company makes its money by selling additional products like car loans and mortgages.
Zelle, in particular, is owned by the banks that use it. So they see it more as a way to make easy money transfers between various institutions vs. a way to make a profit.
What’s the Transfer Time for Using Chime with Zelle?
Because Chime isn’t a traditional bank, it doesn’t work natively with Zelle. As a result, the process is slower than transferring money between two traditional banks. The money can take a few business days to complete the transfer from Chime to Zelle.
Another limitation is the weekly $500 transfer limit. There is no upper limit on how much you can send per day, but you can only transfer $500 a week. So basically, you can send $100 worth of cash five times a week, but the account will need to reset the limit every 7-days.
A traditional bank can transfer thousands of dollars a week between accounts using Zelle. For example, USAA and PNC set their money transfer limit at $1,000. Wells Fargo, Citibank, and TD Bank have a $2,500 limit, and Bank of America will let you transfer $3,500 over seven days.
Does Chime Work with Zelle Summary
Zell helps you transfer money quickly from the palm of your hand, and Chime helps you build your credit score. Establishing credit and building credit helps you buy a house, book a hotel room without cash, get a lower rate when buying a new car, rent a car with a credit check, and meet other financial goals. In addition, places like DIRECTV, ATT Uverse, and ADT security run a credit check before giving you the equipment.
All these things are easier to do with a good credit score. In addition, once the two accounts are linked, it’s straightforward to use Zelle to transfer money to your Chime account.
The biggest downside to using Zelle to transfer money to Chime is the transfer time. Since it’s not a native app, it can take up to three days for the money to hit your account. In addition, the Chime online banking app has a lower weekly transfer New Mexico car title loans locations limit of $500 since it’s not a traditional bank.
It’s a good choice because there are no transfer fees and it’s easy to move money around on the go. Plus, each company offers late banking services with live customer support. Chime bank offers 24-hour banking services open now with phone and email support.