Can you have 2 Chime accounts? Everything You Need to Know

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Can you have 2 Chime accounts? Learn everything you need to know in this article

Chime is a popular online banking platform that offers a checking account-inspired Spending Account and a Chime Visa debit card.

But can you have 2 Chime accounts? And if not, what are some alternatives?

In this post, I will answer these questions and more.

I will also share some tips on how to get the most out of your Chime account and avoid common pitfalls.

Can you have 2 Chime accounts? These are the facts…

There are many reasons why someone might want to have more than one Chime account. For example, you might want to:

  • Separate your personal and business finances
  • Manage your budget and savings goals more effectively
  • Share expenses with a partner or family member
  • Access different features or benefits from different accounts

However, before you start looking for ways to open a second Chime account, you should know that creating and using two Chime accounts is not possible.

Why Does Chime Not Allow Multiple Accounts?

Unlike traditional banks, Chime does not offer multiple account options, such as various money market accounts (MMAs), certificates of deposit (CDs), savings accounts or even checking accounts.

This is because Chime’s business model is based on simplicity and convenience. Chime aims to provide a hassle-free banking experience that eliminates hidden fees, paperwork, and branch visits.

By offering only one type of account, Chime can focus on providing the best features and benefits for its customers, such as:

  • Getting paid up to 2 days early with direct deposit
  • Avoiding overdraft fees with SpotMe
  • Growing your savings automatically with Save When You Spend and Save When You Get Paid
  • Sending money instantly to other Chime members with Pay Friends
  • Accessing over 60,000 fee-free ATMs nationwide

What Are Some Alternatives to Having 2 Chime Accounts?

If you are still looking for ways to have more than one Chime account, you might want to consider some of these alternatives:

Link an external account you own to your Chime Checking Account

You can do this by logging into the Chime app or online at chime.com.

From the app, go to Settings, tap “Link a Bank Account”, choose from one of the banks listed and enter your other bank’s login credentials.

This way, you can transfer money between your accounts easily and securely.

Invite friends or family members to join Chime and send money instantly through Pay Friends

You can do this by tapping the “Pay Friends” tab in the app and selecting names from your contacts.

You can also customize the message if you’d like and tap Send.

This way, you can share expenses or split bills with your loved ones without any fees or delays.

Use other online banking platforms that allow multiple accounts, such as Varo or Ally

These platforms offer similar features and benefits as Chime, but also allow you to open more than one account.

For example, Varo lets you open a Varo Bank Account and a Varo Savings Account, while Ally lets you open multiple checking, savings, money market, and CD accounts.

However, keep in mind that these platforms may have different fees, requirements, or limitations than Chime.

Advantages of Chime Account

Whether you have one or more accounts with other banks or platforms, you can still enjoy the advantages of having a Chime account.

Signing up to be a customer of Chime gets you access to a fee-free online banking platform that offers a Spending Account, a Savings Account, and a Credit Builder Account.

Some of the benefits of Chime are:

  • You can get paid up to 2 days early with direct deposit
  • You can avoid overdraft fees with SpotMe, a feature that allows eligible members to overdraw their account by up to $200 with no fees
  • You can grow your savings automatically with Save When You Spend and Save When You Get Paid, features that round up your purchases and transfer a percentage of your paycheck to your Savings Account
  • You can send money instantly to other Chime members with Pay Friends, a feature that lets you send and receive money with no fees or limits
  • You can access over 60,000 fee-free ATMs nationwide with your Chime debit card
  • You can build credit with no credit check and no fees with the Credit Builder Account, a secured credit card that reports to the major credit bureaus

How to Get the Most Out of Your Chime Account

Here are some tips on how to get the most out of your Chime account:

Set up direct deposit with your employer or benefits provider

This way, you can get paid up to 2 days early and avoid check-cashing fees or delays.

To do this, go to Settings in the app and tap “Direct Deposit”.

Then follow the instructions to get your account number and routing number.

You can also download a pre-filled direct deposit form that you can give to your employer or benefits provider.

Enable SpotMe to avoid overdraft fees

SpotMe is a feature that allows eligible members to make debit card purchases that overdraw their account with no overdraft fees.

To do this, go to Settings in the app and tap “SpotMe”. Then follow the instructions to see if you qualify and set your SpotMe limit. You can also choose to leave an optional tip when you use SpotMe

If you are interested in opening a Chime account, you can do so online or through the Chime app.

You will need to provide some personal information, such as your name, address, email, phone number, date of birth, and Social Security number.

You will also need to verify your identity by uploading a photo of your driver’s license or other government-issued ID.

The process is fast and easy, and you can start using your account right away.

Why was I denied a Chime account?

There are several possible reasons why you were denied a Chime account.

Some of them are:

  • You are not a U.S. citizen or a resident with a valid Social Security number
  • You are under the age of 18
  • You inputted the wrong details on your application, such as your name, date of birth, or SSN
  • You already have an account with Chime using the same SSN
  • Your documents or identification provided during the application process were not verifiable or valid

If you think you were denied by mistake, you can try to reapply by following these steps:

  • Make sure you meet the eligibility criteria for opening a Chime account
  • Double-check your personal information and documents before submitting your application
  • Try applying through a different device or platform (e.g., app or website)
  • Contact Chime’s customer support if you need further assistance

You can reach Chime’s customer support by calling (844) 244-6363 or emailing support@chime.com.

When will Chime have joint accounts?

Chime does not currently offer joint accounts or business accounts. Chime accounts are for individual and personal use only.

However, Chime has stated that they are working on adding joint accounts in the future

There is no official timeline for when this feature will be available, but you can sign up for updates on their website.

In the meantime, if you want to share expenses or split bills with your partner or family member, you can use the Pay Friends feature to send and receive money instantly with other Chime members.

You can also link an external account you own to your Chime Checking Account and transfer money between your accounts.

Alternatively, you can use other online banking platforms that allow joint accounts, such as Varo or Ally.

These platforms offer similar features and benefits as Chime.

but also allow you to open more than one account with the same person.

However, keep in mind that these platforms may have different fees, requirements, or limitations than Chime.

Conclusion

I hope this article has answered your questions about Chime and its features, benefits, and drawbacks. Chime is a great online banking platform for people who want to avoid fees, get paid early, and save money automatically.

However, it does not offer joint accounts or business accounts, and it may not be suitable for everyone.

If you are interested in learning more about Chime or other payment services, check out our other navigational guides.

You will find helpful tips, reviews, and comparisons to help you make the best financial decisions for your needs.