Banking » Guides » How to Set Up Chime Direct Deposit
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How to Set Up Chime Direct Deposit

Chime provides a simple and convenient way for clients who want to set up direct deposit. Here's our guide.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

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What Do You Need To Set Up A Chime Direct Deposit?

The process of establishing a direct deposit is not overly complicated.   Here is the list of the following things you need to set up Chime's direct deposit:

  1. Routing number: A routing number is a nine-digit code that banks and other financial institutions use to find each other. When put together with your account number, it lets institutions find your account.
  1. Account number: To set up chime direct deposit, you must provide a bank account where your money will be deposited. You can choose to have all the funds go into one account, or some of it go into a savings account.
  1. Banks address and voided check: The direct deposit setting process may require your bank's address and a voided check for verification. Attach them while submitting the form offline or in email while submitting online.

4 Steps For Setting Up A Chime Deposit

Signing up for a direct deposit is essential if you want to steer clear of paper checks and ensure you receive your payment as soon as possible. The process of enrolling in direct deposit is often the same regardless of whether you do so through your workplace, a vendor, or another company.

You will need information such as a routing number and an account number to set up direct deposit. You will quickly get this information. Here are the easy steps to set up Chime direct deposit:

Step 1: Get A Direct Deposit Form

Start with the direct deposit form, which you can get from the Chime app:

Settings > Account Information > Set Up Direct Deposit > Get Direct Deposit Form

The direct deposit form lets your employer know they can send money to your bank account using your routing and bank account numbers. This is a crucial step because you cannot go on without it.

Step 2: Provide Information And Divide Between Accounts

When you download the Chime direct deposit form, it has your name, bank name, routing number, and account number.

When you apply with the Chime direct deposit form, you do not have to manually fill in any of the above information.

How much do you want to deposit to your checking and savings accounts.

Chime's direct deposit form comes with three options regarding this: “deposit my entire paycheck,” “deposit $___dollars of my paycheck,” and “deposit ___% of my paycheck.”

You must fill out the option according to your needs.

chime direct deposit example
Example: Chime direct deposit (Screenshot from chime.com)

3. Attach A Voided Check

A void check cannot be used to pay for something but can be used to find important bank account information.

Even though you already put this information on the direct deposit form, check everything with a void check to ensure your paycheck goes to the correct account.

Chime direct deposit voided check
Example: Chime direct deposit voided check (Screenshot from chime.com)

4. Submit The Form To Your Employer 

After filling out all the information and attaching the void check, you must give it to your employer so they can process and set up your direct deposit.

If your application is accepted, you should check your bank account after you get paid.

chime direct deposit authorization
Example: Chime direct deposit authorization

How To Fill Chime’s Direct Deposit Authorization Form

You must complete the direct deposit form on Chime to process your direct deposit setup.

  • Download direct deposit form: Forms are available for direct deposit and may be downloaded easily from Chime's website or mobile app. Chime's direct deposit form comes filled with the necessary information required.
  • Fill in the required part and attach voided check: you must fill in the required part, like how much you want to deposit to your primary account and another account. For account verification purposes, you may attach a voided check.
  • Fill out the authorization section: Chime's direct deposit form has an authorization section where you must fill in your name, date, and signature. Afterward, you can submit the form to the employer for further procedure.

How Long Does Chime Direct Deposit Take

Direct deposits are one of the quickest ways to transfer money. In general, it takes 2 to 5 working days for a direct deposit to become effective. The hold will take effect the following business day for deposits made on weekends because money is regarded to have been made on Monday (the first working day) (Tuesday).

Although the procedure is rapid, depending on when the issuer makes the payment, it may take longer for the money to show up in your account.

How Long to Set Up Chime Direct Deposit?

If you want your payroll department to start processing your direct deposit payments, you will need to give them the paperwork you need to set up direct deposits.

The direct transfer of funds is a convenient option; however, the timing of these deposits can vary depending on your company. When starting new employment, you should know that it can take anywhere from one to two pay cycles until the direct deposit system is fully set up.

Because of this, you may have to continue using physical checks for a little longer, at least until everything is set up.

What Time Does Chime Direct Deposit Hit

As Chime does not engage in holding deposits, there is no predetermined time during which your Chime direct deposit will arrive in your account.

It could occur in the morning, during lunch, or late afternoon, among other times. As soon as the money is deposited, you will have access to them in your account.

Depending on several variables, including the kind of payroll software your business uses and when payroll is processed, you may not receive your cash precisely when you expect them to once direct deposit is ready.

FAQs

Yes, Chime allows customers to get early direct deposit like many other online banking services.

Employers send paychecks to banks a few days before payday to allow for transfer time. Instead of waiting until payday, the bank will release the money after the transaction clears.

When your direct deposit is late, it may take a few extra days to process. The money will likely arrive the next day due to holidays or after-hours money transfers.

The direct deposit form for Chime can be found on its website or app. You can follow these steps: Go to Settings > Account Information > Set Up Direct Deposit > Get Chime's direct deposit form.

Direct deposit employees can print their pay stubs. You can print or save an electronic copy.

Since most employers don't provide paper pay stubs with direct deposit, you can request them through payroll software or a staff person.

No, one of the benefits of Chime is that it does not charge any of the standard costs associated with traditional banking, nor does it have any hidden expenses. This includes deposits made directly through Chime.

You should make a direct deposit to your Chime checking account. and then move the money to Chime credit Builder secured account.

The money on the Chime credit Builder secured account is the amount you can spend on your Chime card

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• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
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Advertiser Disclosure
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Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$300 Use Promo Code “AXOS300” for a $300 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you’ll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Promotion:
Up to $4,000 New customers may earn up to $4,000 when they open an eligible HSBC Premier checking account from January 8, 2024 through March 27, 2024 and complete qualifying activities:

• Receive a cash bonus of $1,500 when you deposit or invest $100,000 – $199,999.99

• Receive a cash bonus of $2,000 when you deposit or invest $200,000 – $299,999.99

• Receive a cash bonus of $2,500 when you deposit or invest $300,000 – 499,999.99

• Receive a cash bonus of $3,500 when you deposit or invest $500,000+

• Earn an extra $500 when you set up recurring monthly Direct Deposits totaling at least $5,000 for 3 months
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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