SpotMe by Chime can provide cash advances before your next paycheck. The cost? It is interest-free!

What you need to know at a glance:

  • Cost - it’s free to sign up to Chime and SpotMe.
  • Application process - it’s very simple and can be completed in 2 minutes.
  • App safety - the company’s website has a detailed privacy policy and uses SSL encryption when handling personal data.
  • Eligibility criteria - you must be a U.S. resident and aged 18+. All Chime members with total monthly direct deposits of $500 or more are eligible for SpotMe.

Chime is essentially a new type of banking service app. Once you sign up, you get a free checking account with lots of goodies. There are no overdraft fees at all (in a matter of fact, you actually don’t have any fees whatsoever!) This service is called SpotMe and allows eligible members to overdraw up to $100* on debit card purchases without charging a fee. If you try to spend more than you are allowed after this, your transaction will simply be declined.

They also offer interest-free cash advances on your paychecks up to 2 days early with direct deposit**.

The best part is that the sign up process is really quick and easy (less than 2 minutes). Click here to check it out.

Disclaimer: * Chime SpotMe is an optional, no fee service that requires $500 in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases initially, but may be later eligible for a higher limit of up to $100 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. SpotMe won't cover non-debit card purchases, including ATM withdrawals, ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. Click here to check out SpotMe terms.
** Early access to direct deposit funds depends on timing of payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.