How Long Does Chime Take To Deposit Checks? (2024 Guide!)

Reading time: 6 mins

Chime’s customer-friendly deposit rules are perfect for those who need to access their funds immediately. Even with checks, Chime will credit the correct money to your account ahead of the prescribed waiting time.

Here is how long Chime takes to deposit checks in your account.

How Long Does Chime Take To Deposit A Check?

Once received by Chime, a check will be credited to your account on the next business day. The same setup applies to checks submitted on a weekend or a federal holiday. If the check is approved within the cut-off time (usually 5 p.m. EST), you may even receive it on the same day. 

Check deposits are processed within one to three days from the date the transfer was initiated by the originating bank. The funds will be available the same day Chime receives and credits the money to your account.

Any delay is likely due to the transfer time frames by the originating bank.

Business Days

Most Chime mobile check deposits are not instant and typically take one to five business days for the funds to be available in the account. However, in some cases, the deposit can post as soon as they are received depending on the source of the money, such as direct deposits from an employer or payer.

Daily Limit

While Chime has not disclosed specific daily limits for mobile check deposits, it is essential to understand that each bank's policies differ. Users should be aware of any limits imposed on their account and not exceed them when depositing checks using the mobile app.

Monthly Limit

Similar to daily limits, Chime has not explicitly mentioned any monthly limits for mobile check deposits. Therefore, it is advised to stay informed about the bank's policies and adhere to any limits applicable to avoid issues with deposited checks.

Clearing Time for Mobile Check Deposits

The clearing time for mobile check deposits varies based on several factors, including the standing of the payer's account and the user's relationship with the bank. Chime generally clears mobile check deposits within two to five business days, but the timeframe can vary. It is essential to keep these factors in mind when depositing a check through the Chime app to better gauge when the funds will be available in the account.

Does The First Check Deposit Take Longer?

No. As long as you have previously received a direct deposit in your Chime account, you should receive your first check without delay.

For users who meet this requirement, the processing time for the first check deposit is generally the same as for subsequent deposits. In most situations, Chime processes check deposits between 3 to 5 business days. However, these times may slightly vary depending on factors such as federal holidays, weekends, or possible delays in the clearing process.

Chime accounts that have been active for over 30 days typically have no difficulty in receiving check deposits. It is essential to remember that Chime mobile check deposits are subject to approval and may encounter holds or extended processing times in specific situations, as mentioned by Chime themselves. You should always monitor your account to ensure that the funds become available as expected.

What Time Does A Chime Mobile Deposit Hit?

Chime mobile check deposits made before the cut-off time of 5 p.m. EST may hit your account on the same day, most likely late at night. For those deposited after the cut-off time, the funds should be available at 9 a.m. the next business day.

Are Chime Mobile Deposits Instant?

Although Chime mobile deposits are not instant, they are generally quick, especially when compared to traditional banking methods. In many cases, mobile check deposits made before the cut-off time of 5 p.m. EST may hit the user's account on the same day, most likely late at night. For those deposited after the cut-off time, the funds should be available at 9 a.m. the next business day.

It is important to note that it can take up to five business days for the money to show up in the account, although faster processing times are often experienced. The hold time serves a purpose; it helps Chime ensure the check does not bounce, and it allows the bank to clear more checks through their app.

In summary, if a Chime user wants to ensure the fastest possible mobile deposit processing time, they should aim to make the deposit before 5 p.m. EST. While the deposit may not be instant, users can generally expect their funds to be available within one to three business days, with longer processing times occurring on occasion.

How Chime Deposit System Works

Chime offers a simple and efficient deposit system for its users, enabling them to access their funds with ease. This section will cover the two main types of deposit methods Chime provides: Mobile Check Deposit and Direct Deposit.

Mobile Check Deposit

Chime's Mobile Check Deposit feature allows users to deposit paper checks into their account using the Chime mobile app. This convenient service caters to various types of checks, including personal, business, cashier's, and government checks. To use this feature, users need to take a clear photograph of the front and back of the check and submit it through the app.

Though Mobile Check Deposit is generally quick, the deposited funds may take up to five business days to appear in the account. This waiting period ensures that the checks do not bounce and allows Chime to clear more checks through their app.

Direct Deposit

Direct Deposit is another popular method for Chime users to receive payments, such as salaries, benefits, or tax refunds, directly into their accounts. To set up Direct Deposit, users need to provide their Chime account number and bank routing number to their employer or the relevant entity issuing the payments.

Once set up, Direct Deposit allows for faster access to funds than Mobile Check Deposit. In many cases, users can access their money up to two days earlier than with traditional banks. This quick access is particularly beneficial for those who rely on timely payments for financial stability.

When Does The Unemployment Deposit Hit On Chime?

When dealing with unemployment deposits, Chime users can expect the funds to be deposited into their account within a certain time frame after approval. It is important to understand the factors affecting this timeline to plan accordingly.

Unemployment deposits are typically credited to a Chime user's account within two business days after their claim has been approved. The funds can be deposited as early as 9 a.m. EST, extending to late at night. When signing up for unemployment benefits, the state allows individuals to choose their preferred method for receiving the funds, and direct deposit with Chime is a popular option.

Chime has a reputation for processing deposits quickly, which can be an advantage for those waiting for their unemployment benefits. However, it is important to remember that there might be slight variations in the processing time depending on the state's unemployment office and their specific policies.

In summary, Chime users can anticipate their unemployment deposits to hit their accounts within two business days of approval, making it a convenient option for receiving these benefits. As always, it's advised to closely monitor your Chime account to stay informed of the exact timing of your unemployment deposit.

Article by
Max T.
Max is the founder of Knowledge Eager and has made it his mission to find and review the best online business courses. He has taken more than 20 online courses and runs a small portfolio of content websites.