Have you ever found it challenging to complete a transaction?
It may happen anytime.
But do you know the reason behind the same?
It may happen with anyone, and one of the reasons could be the exceeding of the Spending Limit. The Chime online bank also has set a specific spending limit. However, usually, we ignore such things. Consequently, it hinders the transaction process. Thus, you should always comprise the complete information before making any proceedings.
The article will help you clear all your doubts regarding the Chime Spending Limit.
Let us have a look!
Chime Spending Account
The Chime mobile bank has two accounts, i.e. the Chime Spending Account and Chime Saving Account. The following will help you procure complete information about the Chime Spending Account.
The Chime Spending Account works as a direct deposit accelerator. It helps you get speedy and secure payments. Another major perk of the Chime Spending Account is that it does not require any minimum balance or account fees.
The Chime Spending Account Limits are bisected into Over-the-Counter Withdrawals, Cash Back at point of sale and Card Purchases. The limits of all these ways together make the Chime Spending Limit. The Chime has a Spending limit of $2500, out of which OTC and Cash Back Withdrawals has a limit of $500 each. All these withdrawals are fee-free. However, there is a fee in the out of money pass network or Visa Alliance ATMs. chime limits
Change Chime Spending Limit
The other question here is that can we change the Chime Spending Limit?
The answer is NO.
Chime does not give anyone the right to tamper with these limits. They are fixed and cannot be touched by any Chime user.
Chime can only change these limits.
Chime Spotme Account
Now, we will read about another unique feature by Chime, i.e. Chime Spotme or Chime Spotme Account.
Chime has another exciting and convenient feature known as the Chime Spotme. However, the feature is optional. If you have regular deposits of a minimum of $500 every month, you can avail of the service. Debit card purchases are also possible with Chime Spotme.
The Chime Spotme Limit starts from $20. Chime Cancels any transaction that exceeds the limit. Hence, it would be best if you kept the limits in mind to avoid any inconveniences.
Change Chime Spotme Limit
Chime Spotme Account has the advantage that it can be changed. It means you can increase the limit up to $100. But, you need to maintain a good account balance and a perfect record history. This will increase your score and automatically increase the Chime Spotme Limit.
The above explanation states the limits and working of the Chime Spending Account. Complete knowledge of these limits helps in smooth and faster transactions.
The Chime online bank works like any other traditional bank. However, a comprehensive study of its working will help you get quick and precise results. Hence, if you are fed up with traditional banks’ hassle, you can always shift to Chime without even having a second thought.
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