CASH ADVANCE MATH / CHIME MYPAY

Chime MyPay. An advance tied to your Chime account.

MyPay requires Chime Checking and qualifying deposits. Compare its delivery costs, check state availability and understand repayment before using it.

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What Chime MyPay actually costs

Standard delivery is free. The optional instant fee is 3% of the advance, with a $2 minimum and $5 maximum.

Membership and advance fee: No required membership or mandatory advance fee in the general MyPay pricing. No optional tips.
Instant delivery: Instant Advance Fee 3% of advance, $2 minimum, $5 maximum: $20-$66 = $2.00; $67-$166 = 3%; $167+ = $5.00 (MyPay Line of Credit Agreement, effective 06/2026).
Standard delivery: Free, within 24 hours.
Required account: Chime Checking, qualifying direct deposits and an activated physical card. MyPay is not paid to an outside bank.

The headline maximum is $500. Most members start between $40 and $100 (official). A credit limit is not a promise that the whole amount is available immediately.

Bancorp MyPay agreement · Stride MyPay agreement

The cost of $50, $100, $200 and $250

Every example uses 14 days, a qualifying Chime Checking account, $0 tip, one advance per month and no qualifying Varo deposits. Required membership is allocated to this one advance. Total payback includes that membership even when it is billed separately.

Chime MyPay requires Chime Checking. These examples select Chime in the calculator; they do not price a MyPay transfer to an outside account. The provider sets the actual repayment date. The 14-day period is a comparison assumption. These are general fee illustrations, with state exceptions and personal limits still to check.

Unpublished charges stay unknown. An amount above the modeled limit stays unavailable; it is not treated as a free advance. Equivalent APR annualizes the cost for comparison and is not the provider's advertised or legal APR.

Eight examples: one advance, 14 days and $0 tip
Amount received	Standard delivery	Instant delivery
$50	Total cost $0.00 Total payback $50.00 Equivalent APR: 0.0% No delivery fee if you can wait up to 24 hours. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario	Total cost $2.00 Total payback $52.00 Equivalent APR: 104.3% Instant delivery: 3%, with a $2 minimum and $5 maximum. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario
$100	Total cost $0.00 Total payback $100.00 Equivalent APR: 0.0% No delivery fee if you can wait up to 24 hours. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario	Total cost $3.00 Total payback $103.00 Equivalent APR: 78.2% Instant delivery: 3%, with a $2 minimum and $5 maximum. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario
$200	Total cost $0.00 Total payback $200.00 Equivalent APR: 0.0% No delivery fee if you can wait up to 24 hours. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario	Total cost $5.00 Total payback $205.00 Equivalent APR: 65.2% Instant delivery: 3%, with a $2 minimum and $5 maximum. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario
$250	Total cost $0.00 Total payback $250.00 Equivalent APR: 0.0% No delivery fee if you can wait up to 24 hours. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario	Total cost $5.00 Total payback $255.00 Equivalent APR: 52.1% Instant delivery: 3%, with a $2 minimum and $5 maximum. Requires Chime Checking, an activated physical card and qualifying direct deposits. MyPay is available only in listed states. Compare this scenario

How Chime MyPay works

Open a Chime Checking Account (held at The Bancorp Bank, N.A. or Stride Bank, N.A.), activate your physical Chime debit card and set up direct deposit.
MyPay unlocks after qualifying direct deposits: generally 2 deposits of $200 or more from an employer, payroll provider or gig payer within the preceding 36 days, and you must live in one of 38 eligible states or DC.
Chime shows a credit limit in the app based on your direct deposit history, account activity and risk-based criteria: most members start at $40 to $100 and can rise to $500 (offers range $20 to $1,000 per pay period); you cannot request an increase.
Take an advance (minimum $20) free within 24 hours, or instantly for 3% ($2 minimum, $5 maximum); no interest, no credit check and no optional tipping.
Repayment is taken automatically from your next qualifying direct deposit into Chime Checking by the Estimated Pay Date (fees first, then the advance; up to 4 automatic debits per transaction), or you can repay early in the app.
If no qualifying deposit covers the balance by the Estimated Pay Date you are in default: no late fee, collections or credit reporting, but MyPay can be suspended or closed and your limit lowered.

Who can use it?

18 or older; active Chime Checking Account in good standing; activated physical Chime Visa Debit Card (or open Credit Builder / Cash Rewards card); Chime app installed. Within the preceding 36 days: two qualifying direct deposits of $200 or more each (employer, payroll provider or gig economy payer via ACH or OCT), or one $200+ deposit plus an additional data source, or one $200+ government benefits deposit. Must live in an eligible state. To stay eligible: at least two $200+ qualifying direct deposits every 36 days. No credit check.

Where it is available

Available in 38 states plus DC: AL, AK, AZ, AR, CA, DE, DC, FL, GA, HI, IN, ID, IA, KS, KY, LA, MD, MI, MS, MO, NE, NV, NH, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WV, WI. Not available in CO, CT, IL, ME, MA, MN, MT, NJ, NM, SD, WA, WY; moving to an ineligible state ends MyPay access. Chime's 10-K confirms MyPay is 'not yet available in all 50 states'.

Repayment and failed payments

When and how repayment happens

Automatic deduction from Chime Checking when your next Qualifying Direct Deposit (equal to or larger than the outstanding advance) arrives by the Estimated Pay Date; Instant Advance Fees are deducted first, then the advance; maximum 4 automatic debits per transaction. No minimum or maximum payment. Manual repayment of the full balance any time in the MyPay hub or by phone (1-844-244-6363) without penalty. Chime does not report MyPay payment history to credit bureaus.

What happens if a payment fails?

Default occurs if you do not receive a qualifying direct deposit large enough to cover the outstanding advance by the Estimated Pay Date. The bank may then suspend or terminate MyPay advances, require immediate partial or full payment, lower the credit limit and/or close the MyPay account. No late fee, no interest. The agreement warrants that neither the bank nor Chime has any legal or contractual claim against you based on failed debit attempts, and neither will refer the debt to a debt collector, sell it, or report it to a consumer reporting agency.

Who operates it, and which bank is involved?

Operator

Chime Financial, Inc. (Delaware corporation, San Francisco; 'a technology company, not a bank'; states that required state lending licenses are held through subsidiary Chime Capital, LLC). Chime Financial, Inc. is not the lender.

Advance provider and bank partner

MyPay is a line of credit issued by The Bancorp Bank, N.A. or Stride Bank, N.A. (whichever bank holds the member's Chime Checking Account), each under its own MyPay Line of Credit Agreement effective 06/2026.

Is Chime MyPay legit?

The operator and product terms are documented on this page. That does not establish that an advance is suitable for you or resolve allegations in a lawsuit. The legal record below was checked Sep 29, 2026.

A complaint records allegations, not a finding of liability. Settlements, entered orders, pending cases and supervisory agreements are labelled separately. Research coverage may be incomplete; dates and outcomes are limited to the cited records.

No MyPay-specific action was found in the reviewed sources. The entries concern Chime Financial at company level. The CFPB case involving Chime, Inc. doing business as Sendwave concerns a different company.

California DFPI

2021-03-29
Settlement

Chime agreed to clarify that it is not a bank after DFPI findings about its marketing, neither admitting nor denying those findings.

Company-level matter, not a MyPay action.

Official source: dfpi.ca.gov

Source detail and procedural history

Settlement agreement with Chime Financial, Inc. after a 2020 inquiry: DFPI found Chime's use of the URL 'chimebank.com' (before Feb 2020) and of 'bank'/'banking' in its business violated Cal. Fin. Code 561 because Chime is not a licensed bank. Chime (neither admitting nor denying) agreed to cease and desist from using 'chimebank.com' and to add clarifying disclosures wherever banking terms are used. No monetary penalty in the agreement. Company-level, not MyPay.

Illinois Department of Financial and Professional Regulation, Division of Banking

2021-03
Settlement disclosed

Chime disclosed a $200,000 Illinois settlement over marketing that allegedly implied it was a bank.

Company-level matter, not a MyPay action.

Company SEC filing

Source detail and procedural history

Settlement over marketing that allegedly implied Chime was a bank; Chime agreed to change marketing practices and pay a $200,000 civil money penalty (as disclosed in Chime's SEC filings; official IDFPR page not found). Company-level, not MyPay.

California DFPI

2024-02-27
Consent order

DFPI findings about complaint handling led to a $2.5 million penalty and customer-service requirements for Chime.

Company-level matter, not a MyPay action.

Official source: dfpi.ca.gov

Source detail and procedural history

Consent order: DFPI found Chime engaged in unfair acts under the California Consumer Financial Protection Law in handling customer complaints and customer service transactions. Chime agreed to a $2.5 million penalty, 24/7 customer service, adequate staffing and training, complaint-handling policies and annual reporting for two years. Company-level, not MyPay.

CFPB (2024-CFPB-0002)

2024-05-07
Consent order

CFPB findings about delayed closed-account refunds led to a $3.25 million penalty and at least $1.3 million in consumer redress.

Company-level matter, not a MyPay action.

Official source: consumerfinance.gov

Source detail and procedural history

Consent order: CFPB found Chime failed to refund closed-account balances within 14 days in thousands of instances (thousands beyond 90 days), an unfair practice under the CFPA. Chime must pay a $3.25 million civil penalty and at least $1.3 million in redress (generally at least $150 per harmed consumer) and ensure timely refunds; compliance and reporting obligations run five years. Company-level, not MyPay.

Compare alternatives using the same inputs

Both comparisons use $100, 14 days, Chime, $0 tip, one advance per month and no qualifying Varo deposits. Each group keeps its stated delivery speed. Chime's own-account requirement is satisfied in this comparison. Other apps still need to support your bank and deposits.

MoneyLion standard delivery requires MoneyLion Spend, and Current standard delivery requires a Current Account. Those routes are not free transfers to the selected bank. Separate account discounts and membership-waiver routes are excluded from this shortlist.

Any cheaper options for $100 with standard delivery?

No other priced primary app route has a lower modeled total for these inputs. Unknown prices cannot establish that this is the cheapest possible offer.

Compare all $100 standard options

Any cheaper options for $100 with instant delivery?

No other priced primary app route has a lower modeled total for these inputs. Unknown prices cannot establish that this is the cheapest possible offer.

Compare all $100 instant options

Compare all 12 cash advance app profiles, including account requirements.

For another amount, use the scenario links in the cost table or the full calculator. If you need longer to repay, compare credit union Payday Alternative Loans.

Sources and review dates

Pricing snapshot: Sep 29, 2026. Product terms and legal record: Sep 29, 2026. These dates describe the reviewed sources; confirm current terms with the provider.

All product and legal sources

All cash advance app profiles · Editorial method and affiliate disclosure

Chime MyPay. An advance tied to your Chime account.

What Chime MyPay actually costs

The cost of $50, $100, $200 and $250

How Chime MyPay works

Who can use it?

Where it is available

Repayment and failed payments

When and how repayment happens

What happens if a payment fails?

Who operates it, and which bank is involved?

Operator

Advance provider and bank partner

Is Chime MyPay legit?

California DFPI

Illinois Department of Financial and Professional Regulation, Division of Banking

California DFPI

CFPB (2024-CFPB-0002)

Compare alternatives using the same inputs

Any cheaper options for $100 with standard delivery?

Any cheaper options for $100 with instant delivery?

Sources and review dates

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