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Running short on cash before payday? Chime’s new MyPay cash advance can spot you between $20 to $500 of your next paycheck – with no interest, no subscription fee, and no tips.
In fact, MyPay has the lowest fees of any cash advance we’ve reviewed – just a $2 flat fee for (optional) instant delivery!2
Chime’s lack of fees to borrow cash stands out compared to many competitors who charge high express fees, subscription fees or requests for tips.
While Chime’s $2 fee to access your cash instantly is refreshingly low, you will need to be a Chime customer with an active checking account, so there may be hurdles if you’re not already a long-time Chime user.
So, is this app right for you?
In this Chime MyPay review, we’ll answer that question by breaking down MyPay’s standout features and uncover any potential drawbacks.
Already a Chime Customer? >>> Acces Up To $500 Of Your Earned Wages 👈
What is Chime MyPay?
MyPay is Chime’s cash advance offering – and a long overdue cash advance product from the most popular banking app in America.
MyPay is only available to eligible Chime customers with a Chime checking account.
If you’re eligible, you can access high cash advances – up to 50% of your next paycheck – with a maximum amount of $500 that is deposited in your checking account.
Your MyPay advance is repaid once your next direct deposit hits your account.
When it comes to fees, you’ll need to pay a $2 express fee to access your money instantly – and that’s it! If you’re happy to wait, you can have your money in one business day at no charge.
PROS | CONS |
---|---|
✓ Advance up to $500 | ✗ Requires a Chime checking account |
✓ Funds available within one day | ✗ No flexible due date extensions |
✓ No overdraft fees | |
✓ No tipping request |
Why Users Love Chime MyPay
- Get Cash When You Need It: Many checking accounts that provide early paycheck access only make funds available two days before your scheduled payday. Chime MyPay offers up to $500 from your paycheck whenever you need it.
- Seriously Low Fees: There are no hidden fees to use MyPay. The only fee is a $2 express fee no matter how much you borrow. This is the lowest express fee out of ALL cash advance apps!
- No Credit Check: Like most current cash advance apps, Chime won’t check your credit before approval. The app relies on your Chime checking account transaction history so you won’t miss out if your credit score is less than stellar.
- Perfect For Freelancers and Gig Workers: MyPay is available to anyone who receives qualifying direct deposits to their Chime checking accounts. There’s no obligation for this to come from a single employer or job, so anyone with gig economy payments or government benefits is still eligible.
- Instant Access to Funds (Otional): Once approved, funds are transferred directly to your linked bank account within one business day (which is significantly faster than a cash advance from an app like Sorbet, which takes 5 days!). For immediate access, you can pay a small express fee of $2 to get your funds instantly.
💡 Overdraft Apps Tip: You’ll need at least two direct deposits of $200 or more into your Chime account to be eligible for a MyPay advance. New users may only be eligible for $50 to $100, but your limit can increase as your next pay cycle rolls around. |
Chime MyPay Eligibility Requirements
Qualifying for MyPay is similar to qualifying for Chime’s popular overdraft feature, SpotMe.
Here’s what you’ll need to do:
- Sign up for the Chime checking account and set up qualifying direct deposits of at least $200 per month.
- Activate your Chime debit card.
- Live in a state where MyPay is currently offered (AL, AK, AZ, CA, DE, DC, FL, IN, KS, KY, LA, MI, MS, MO, NE, NH, NY, OK, PA, RI, TN, TX, UT, VA, WV).
*Note that this list is changing regularly
You may also be able to boost your chances of accessing MyPay by using Chime’s SpotMe feature, making direct deposits above the minimum and having regular activity in your Chime account.
What Potential Users Should Know
If you’re not already a Chime customer, you’ll probably need to wait to request an advance against your next paycheck.
This can be frustrating as the process of setting up a Chime checking account and adding qualifying direct deposits can take weeks.
Thankfully, setting up a Chime checking account is free and easy with no minimum deposit required. You won’t pay a monthly service fee, and there’s no minimum balance required to avoid fees.
Chime also includes overdraft protection up to $200 when you qualify for its SpotMe service.
As a new feature, MyPay isn’t yet available in all U.S. States, so you’ll need to check if it is available in your location.
💡 Overdraft Apps Tip: Using MyPay won’t impact your credit score. Chime doesn’t do credit checks, nor does it report your payment history. But if you are interested in building credit, Chime offers a secured credit card that can help you build credit and raise your credit score. |
Final Word: Is Chime MyPay Right For You?
Life doesn’t wait for payday – neither should you.
That’s the idea behind Chime’s new MyPay feature.
If you’re a current Chime customer with an eligible checking account, there’s a lot to love about My Pay. The $2 express fee is significantly lower than many of Chime’s competitors and the fee-free option of 24 hours is seriously quick compared to many of those same competitors.
The main downside is that you’ll need a Chime checking account with qualifying direct deposits. If you need money within 24 hours and you’ve never used Chime before, MyPay won’t be an option for you.
Put MyPay To The Test >>> See How Easy It Is To Access $500 Of Your Wages 👈
WAIT! Why borrow quick cash when you can earn it?!
Cash advance apps can be a great tool for getting a little extra cash when you need it, but you’ll need to repay it – plus fees – wihtin a week or two. Did you know there’s an easy way to earn extra cash that’s yours to keep?

KashKick is a wildly popular service that lets you earn money for playing games, completing surveys, signing up for trial offers and more. (You’ll even earn cash for just completing your profile!) You can earn cash today and withdraw your earnings through PayPal once you’ve reached $10. You can earn over $100/month with KashKick – and you don’t need to spend a dime or take out your credit card to do it.
There are dozens of high-paying offers available on KashKick, and if you’re into playing new games on your phone, you can earn some serious cash for doing what you love. Though offers change regularly, there are currently1 more than three dozen offers available where you can earn cash – sometimes over $100 – just by downloading and playing popular games like Coin Master, Monoply Go, Bingo Blitz, and more. These games are all free to download, and no in-app purchases are required to earn with KashKick.
Get paid to play on your phone >>> Check out KashKick
- Apps Like FloatMe: Go From $50 to a $500 Cash Advance - January 22, 2025
- Credit Convey App Review: Cash Advances up to $200 But Watch Out For High Fees - December 10, 2024
- Money App Review: Borrow Up to $250 With Impressive High Limits for New Users - December 10, 2024
- As of February 13, 2024. Offers may change and may not be available to all users. Eligibity requirements apply. See KashKick's Terms of Service for full details.
- 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
Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.