Chime MyPay
Your borrowing limit grows every time you get paidFacts verified September 11, 2026
Chime MyPay lets Chime Checking members borrow part of their paycheck before payday. There is no interest, no credit check, and no monthly fee. You can wait 24 hours for a free transfer, or pay a small instant fee capped at $5.
$500
Max advance
$0/mo
Subscription
None
Credit check
3% of advance amount
Instant fee
The details
- Max advance
- $500
- Limit resets
- Per pay period
- Mandatory fees
- None
- Premium plan (optional)
- None
- Interest
- None
- Late fee
- None
- Credit check
- None
- Direct deposit required?
- Yes
- Bank-link required
- No
- Instant transfer
- Instant
- Instant transfer fee
- 3% of advance amount
- Free transfer
- Within 24 hours
- Tips
- None
- Eligibility
- Requires an active Chime Checking Account in good standing, an activated Chime Visa Debit Card, and age 18 or over. Needs two qualifying direct deposits of $200 or more in the last 36 days, or one $200 deposit plus employer or benefits verification. Not available in CO, CT, IL, ME, MA, MN, MT, NJ, NM, SD, WA or WY. New members typically start with a $40 to $100 limit that grows with deposit history; some members may qualify for more. Chime can raise or lower the limit at any time. A separate version exists for members who deposit paychecks to a non-Chime bank, verified via Plaid: $260 maximum per pay period, instant fee $2 for a $20 advance or $4 for $40 and above in $20 increments.
Pros & cons
Pros
- MyPay never charges a monthly fee, even for advances up to $500. You only pay if you want your money instantly, and that fee tops out at $5.
- There is no interest and no late fee. Chime will not charge you a penalty if you miss the due date.
- MyPay does not run a credit check to enroll or use it, so applying will not affect your credit score.
- Your available amount grows every day after a qualifying deposit lands. It keeps growing until it hits your credit limit.
- Chime does not ask for tips, unlike some other cash advance apps.
- MyPay also works if your paycheck goes to a different bank. You still need a Chime Checking account, but your advance limit drops to $260 per pay period.
Cons
- Instant delivery still costs money. The fee is 3% of your advance, with a $2 minimum and a $5 maximum.
- You need steady direct deposits to qualify. Chime wants two deposits of $200 or more in the last 36 days, or one $200 deposit plus proof of your job or benefits.
- Starting limits are low. Most new members start between $40 and $100 and build up from there. Chime advertises limits up to $500, though some members may occasionally be offered more.
- MyPay is not available in 12 states. That list includes Colorado, Illinois, and Washington.
- Chime can raise or lower your credit limit at any time. It does not publish a minimum limit.
- If you bank outside Chime, the instant fee works differently. It is $2 for a $20 advance, or $4 for any advance from $40 up to the $260 cap.
