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Chime Pay Friends Limit

Chime is an online banking service that aims to make banking easier for people. Being a neo bank, Chime is fully digital and does not have any physical branches. Chime is preferred by many people over traditional banks because of its ease of use, convenient features, as well as its transparency with its customers. With Chime, users are not charged any hidden fees, unlike traditional banks. Moreover, Chime has multiple features that are specifically designed to help working individuals. 

Created by Chris Britt and Ryan King in 2013, it provides its services through the Bancorp Bank and Stride Bank. When you open an account with Chime, you also become eligible for a Chime Visa debit card, which can be used at most retailers, markets, franchises, and ATMs. 

Chime has its own P2P service called ‘Pay Friends’ to send and receive money. Using Pay Friends, users can transfer money for free between Chime online bank accounts. Pay Friends is built into Chime mobile app and can be used to instantly send and receive money to friends, family, and others who have opened a Chime Spending Account. 

How to use Chime Pay Friends feature to send money to send money

  • Log in to you Chime mobile app
  • Click on the Move Money tab
  • Select Transfers option
  • Select Pay Friends
  • The app will ask you to enter the recipient’s name, Chime nickname, and phone number, and email address. Fill in the details carefully. You can also select the name of the recipient from your contact list.
  • Enter the amount of money you wish to send the recipient.
  • Confirm the amount and the Chime member and click continue.

Chime allows you to send up to $2000 every month. 

Chime nickname

Chime gives each of its users a nickname to access Pay Friends feature. It makes it easier to send and receive money between Chime app users. All you have to do is enter the recipient’s nickname and other details in the required field to send money to them.

Chime Pay Friends feature
Image Credits: Chime.com

Sending money to non-Chime members

Using Pay Friends, Chime users can also send money to people who are not on Chime. You would need a phone number and email address of the recipient. When you send money to a non-Chime member using Pay Friends, they receive an email and text notification asking them to open a Chime Spending Account in order to access their money.

To send money to non-Chime members:

  • Log in to your Chime app
  • Tap on the Move Money option
  • Select Transfers option
  • Select Pay Friends
  • Enter your friend’s number and email address or choose a contact from your contact list
  • Enter the amount you want to send and click continue.

Your friends will receive a text or email notification telling them that they have received money which can be accessed by opening a Chime Spending Account. If the recipient does not open a Chime account and claim the money sent to them within 14 days, the money will be returned to the sender’s Spending Account. 

Chime money transfer cancellation

You can cancel the ongoing money transfer on Chime if it is still pending. In order to cancel a pending transaction, tap the transaction in your Chime Spending Account, and confirm the cancellation. As soon as you cancel the transfer, the funds are returned to your Chime Spending Account. 

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