How does direct deposit work with chime

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When you get paid, Chime automatically transfers 10% of your deposit of $500 or more into your Savings Account. All you need to do is sign up for direct deposit with Chime. The Save When I Get Paid feature makes it easy to save money from your paychecks every month. You can save money automatically whether you’re picking up coffee before work or paying the light bill at the end of the month.

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The Round Up feature is a simple, hassle-free way to save your spare change without having to switch up your spending habits or routine. The transaction is rounded up to the next dollar, and the difference gets moved to your Chime Savings Account automatically. Round Ups transfer money from your checking account to your savings each time you make a purchase or pay a bill with your Chime Visa® Debit Card.

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Out of sight, out of mind, right?Ĭhime offers two helpful features that can help you get into the savings groove and boost your balance automatically. Saving money automatically can remove the temptation to spend it.

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