Chime SpotMe review: is the Chime SpotMe cash advance app legit?
Chime SpotMe is a legitimate cash advance app, and Chime Financial, Inc. trades on Nasdaq under the symbol CHYM. is the company behind it.
- Biggest advance
- $750
- Fee per month
- None
- Fast transfer cost
- $3 on $100
- Complaints to the CFPB
- 29,493
Chime SpotMe on file
- Owner
- Chime Financial, Inc. trades on Nasdaq under the symbol CHYM.
- Issued by
- The Bancorp Bank, N.A. or Stride Bank, N.A. issues the MyPay line of credit; Chime Capital, LLC handles MyPay services
- Product
- SpotMe provides fee-free overdrafts on a Chime account, while MyPay offers pay advances as a line of credit.
- Subscription
- None, optional
- Fee for a fast transfer
- For MyPay instant delivery, the charge is 3% of the advance ($2 min, $5 max); free delivery takes up to 24 hours; SpotMe charges no fees
- Tips
- Optional tip requested
- Time without a fee
- For MyPay, the wait is up to 24 hours.
- Credit checks
- MyPay requires no credit check; enrollment includes an Experian Military Lending Act check that leaves your score unchanged
- Time to get the money
- SpotMe covers card purchases and cash withdrawals right when you make them; MyPay is free in up to 24 hours or instant for a fee
Taken from what Chime SpotMe publishes, CFPB complaint counts and public enforcement files. All sources are listed at the foot of the page
Chime SpotMe fees and costs
Convert Chime SpotMe's fees to a yearly rate using the calculator on our cash advance apps page.
Good to know about Chime SpotMe
- One bank-style account holds two products: MyPay advances up to $750 of pay, and SpotMe covers overdrafts up to $200
- Qualifying direct deposits give you Chime Plus and Prime status at no cost; there is no monthly subscription
- Getting a $100 advance instantly costs $3, or $0 in up to 24 hours, since MyPay instant delivery is 3% of the advance ($2 min, $5 max)
- After repayment, SpotMe prompts for an optional tip; tipping is not part of MyPay.
- Two California DFPI actions and one 2024 CFPB order involve parent Chime Financial, yet none concern MyPay or SpotMe pricing
States where Chime SpotMe works
The Chime SpotMe pages we read give no list of states (its FAQ). Ask which license covers your state and check it on NMLS Consumer Access before you share bank details.
Chime SpotMe complaints and lawsuits
The CFPB database lists 29,493 complaints naming Chime Financial Inc. Most common issues: account management; trouble with a lender or another company charging your account; account closure. Check the CFPB count
- 2021 · California DFPIThe settlement said Chime's use of chimebank.com violated California banking-name rules. Chime agreed to drop it unless it becomes licensed as a bank. Source
- 2024 · California DFPIA consent order addressed unfair complaint handling; it imposed a $2.5 million penalty and mandated better customer service. Source
- 2024 · CFPBChime did not refund balances from closed accounts within 14 days, the CFPB order found. It set a $3.25 million penalty and required redress of $1.3 million or more. Source
Short on cash before payday?
Talk to a specialist about lower-cost ways to cover the gap in your state. Talk to someone about cheaper options: 855.947.5189
This line reaches a debt and loan options specialist. We are not Chime SpotMe and cannot reach your Chime SpotMe account.
Chime SpotMe alternatives: apps like Chime SpotMe
| App | Fee a month | Biggest advance | Fast transfer on $100 | CFPB complaints |
|---|---|---|---|---|
| Chime SpotMe (this record) | None | $750 | $3 | 29,493 |
 Klover | $4.99 | $750 | $9.49 | 49 |
 Dave | $5 | $500 | $1.50 | 829 |
 Brigit | $8.99 | $500 | – | 384 |
 EarnIn | None | $1,000 | $5.99 | 290 |
– means the company does not publish it. Complaint counts are totals, not rates: a bigger company draws more. Open any name for its full record.
Questions about Chime SpotMe
Is Chime SpotMe legit?
Run by Chime Financial, Inc, Chime SpotMe is a genuine cash advance app offering up to $750 without a monthly fee. The CFPB database includes 29,493 complaints about Chime Financial Inc, and we located 3 government or court actions.
Who owns Chime SpotMe?
Chime Financial, Inc. (Nasdaq: CHYM). For the MyPay line of credit, the loan lists The Bancorp Bank, N.A. or Stride Bank, N.A. as lender; Chime Capital, LLC provides MyPay services
Does Chime SpotMe check your credit?
According to Chime SpotMe, MyPay involves no credit check, though enrollment includes an Experian Military Lending Act check that leaves your score unchanged.
How fast does Chime SpotMe send the money?
According to Chime SpotMe, MyPay is free when the wait is up to 24 hours; instant delivery costs a fee. SpotMe pays for card purchases and cash withdrawals right at the transaction.
Has Chime SpotMe been sued or fined?
California DFPI, 2021: the settlement found the chimebank.com name broke California rules for bank names. Chime's agreement required dropping it unless it becomes licensed as a bank. 2024, California DFPI: A consent order addressed unfair handling of customer complaints, requiring customer service improvements and a $2.5 million penalty 2024, CFPB: the order found Chime did not refund closed-account balances within 14 days. It set a $3.25 million penalty and redress of at least $1.3 million.
Where the Chime SpotMe facts come from
- Per the CFPB, Chime Financial, Inc. designs and services these bank accounts.; 2024 CFPB order targeting Chime Financialconsumerfinance.gov
- Chime is a public company listed on Nasdaq.investors.chime.com
- Partner banks provide MyPay credit, while Chime Capital handles the servicing.; Help center: the MyPay range; Some members qualify for higher MyPay limits.help.chime.com
- The product page shows the MyPay maximum.; Tipping is not part of MyPay.chime.com
- While SpotMe requires Chime Plus or Prime status, these statuses are not part of a paid subscription.chime.com
- You must have Chime Plus or Chime Prime status to use SpotMe.; The overdraft limit for SpotMe; After you repay, SpotMe requests an optional tip.chime.com
- Total complaints for Chime Financial Inc in the CFPB database (covers the whole company, not just SpotMe and MyPay)consumerfinance.gov
- 2024 consent order from California DFPIdfpi.ca.gov
- 2021 California DFPI settlement regarding the chimebank.com namedfpi.ca.gov