New favorite app? Chime MyPay can get you up to $500 instantly

Chime's MyPay has just rolled out, and it's changing the game for cash advance apps. If you're a Chime user, you can now access up to $500 directly from your paycheck without the usual high fees or interest rates. This new feature is simple, with a flat $2 fee for instant access to your cash, no matter the amount you borrow.

Meet Chime MyPay: Chime, known for its user-friendly, online banking solutions, is taking a big leap by introducing MyPay. With this service, you can tap into your earnings before payday arrives. It's perfect for when you're a bit short or facing unexpected expenses.

Getting Started with MyPay: Eligibility starts easy if you're already receiving direct deposits into your Chime account from jobs or government benefits. You might start with a limit of $50 to $100, but this can increase as you repay on time.

Why Consider Chime's MyPay? Beyond its low fee, MyPay integrates seamlessly with all the standard features of Chime’s digital banking app, such as high-yield savings accounts and fee-free withdrawals at tens of thousands of ATMs. This could make your financial life a bit easier without denting your credit score.

Pobody's Nerfect: There's a lot to love about Chime MyPay, but there are some things about it that will be a no-go for quite a few folks. You'll want to hear what isn't so good, too, in our Chime MyPay review.

Want to see MyPay in action and figure out if it’s right for you? Check out our in-depth review where we share our experience with Chime MyPay, from setup to daily use. We’ll help you understand what you need to do to get started, and how to make the most out of every cash advance with minimal fees.

Key moments in our Chime MyPay review
0:35 - Get up to $500 Instantly
1:10 - How to Qualify for MyPay Advances
2:05 - What Does MyPay Cost?
3:55 - SpotMe vs MyPay for Extra Cash
4:41 - Drawbacks of Chime MyPay

#chime #cashadvance #quickcash

IMPORTANT INFORMATION FROM CHIME
MyPay™ line of credit provided by The Bancorp Bank, N.A. or Stride Bank, N.A. MyPay services provided by Chime Capital, LLC (NMLS 2316451).

To be eligible for MyPay, you must receive qualifying direct deposits to your Chime Checking Account as set forth in the MyPay Agreement. A qualifying direct deposit is a deposit from an employer, payroll provider, gig economy payer, government benefits payer, or other permitted source of income by Automated Clearing House (“ACH”) or Original Credit Transaction (“OCT”). Your MyPay Credit Limit and Maximum Available Advance may change at any time. MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 - $500 Credit Limit per pay period. Your Credit Limit and Maximum Available Advance will be displayed to you within the Chime app. MyPay is currently only available to eligible Chime members in certain states. Other restrictions may apply. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.

Option to get funds instantly for $2 per advance or get funds for free within 24 hours. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.

With authorization, outstanding MyPay balances will be repaid from direct deposits to your Chime Checking Account from Eligible Sources. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.