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Are you curious about Chime's SpotMe feature? If you have a Chime account and debit card, you may be eligible to save on overdraft fees. When you overdraw your account, Chime will cover extra costs of up to $200 until you get paid again. This can be helpful if you need to purchase something immediately, but can't wait until payday. This wikiHow will explain how SpotMe works on Chime and how to use it on your iPhone or Android device.
Things You Should Know
- SpotMe is free to use for eligible Chime members. You must have your debit card activated and a regular $200 monthly deposit.
- SpotMe allows you to overdraw your account by your approved limit without any fees.
- When you deposit money into your account, Chime will automatically apply it towards your negative balance.
Steps
Using SpotMe
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Launch the Chime app. This looks like a white c with a green background.
- Chime is available for iOS in the App Store and for Android in the Google Play Store.
- Make sure you're eligible. If your debit card is activated and you have a $200 qualifying monthly direct deposit, you'll be able to enroll.
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Open the Settings. This is the cog icon in the top-left corner.
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Make a purchase. If you're still waiting for payday, but you need to purchase something immediately, Chime can cover you.
- If you try to overdraw your account more than your limit, Chime will simply decline the transaction. You won't need to pay any fees.
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Wait for your next deposit. When money is deposited into your Chime account, it will automatically be applied to your negative balance. You won't receive any overdraft fees.