The Emerald card is known to be a prepaid debit card issued by the brand name, H&R Block. It is reloadable; you can deposit the tax refund directly into the Emerald card. This card makes it easy and quick for people still needing a traditional bank account. Also, the card gives you easy access to your savings any time of the year. You are able to use your Emerald card anywhere the Debit MasterCard is accepted.
It is an efficient way of ensuring that your money is safe and that you do not have to carry it around. Some people found ways to open a Chime account and use it to avoid paying the charges for savings accounts to the banks. If you have a Chime account, you might be thinking can I transfer money from an Emerald card to a Chime account? We will be discussing that now.
Can I Transfer Money From My Emerald Card to My Chime Account?
Chime lets you transfer money from an Emerald card to your Chime account, but the process is lengthy. That is because Chime is not a bank account. Still, it is a financial technology website that provides banking or checking account services for selected cards.
From various internet sources, you will see that many prepaid cards or other payment platforms, such as Chime, Venmo, and CashApp, do not allow users to transfer their money from any prepaid card.
However, as the Chime account offers a reloadable card, any payment transfers are allowed from other sources. As Chime does not fit the standards of a regular bank, people often need clarification about their distinctions, which may confuse many about what Chime allows you to do.
Ways to Transfer Money from Emerald Card to Chime Account?
The ways you can transfer money from an Emerald card to a Chime account is not easy, but here is the process –
- Find the money transfer form directly from the H&R Block website.
- Fill out all the information, such as your first and last names, phone numbers, social security numbers, and Emerald card numbers.
- Make a print copy of the form and send it to the H&R Block Bank at their headquarters.
- The request form will ask you to fill out various other information, and you must commit to all of them.
- After the bank receives the request, they will request some time to complete processing.
- Once they have authenticated you and all the correct information, H&R Bank approves your request to link the two accounts.
- After accepting the request, you can transfer money from your Emerald card to your Chime account.
How Long Does It Take to Transfer Money to My Chime Account?
Since you are sending a request form to H&R Block for transferring money to your Chime account, it will take up to at least seven working days for you to receive an answer. Even if the bank does not approve your request, they will need time to get back to you.
When you are filling out the request form, you will notice that the authority asks for a lot of information. This is because they need to have every detail so they are not wrong in assigning you.
This helps to eliminate identity theft and other illegal doings that people might conduct. Not only does this save the company from receiving negative feedback, but it also prevents other customers from facing harassment or problems.
Authenticating all the information will take a lot of time for the authority, so sometimes, more than seven working days are needed.
List of Other Payment Methods to Transfer Money from Emerald Card.
A prepaid card is reloadable; sometimes, cash is on that card, but the card cannot be used in various places. So, in this case, people will want to take out the cash to use it in places where the Emerald card is not accepted.
There are various ways you can transfer money from your Emerald Card if your request to merge the Emerald Card and Chime account does not get approved. Here are them –
- Use an ATM booth.
- Cashback offers
- Request your funds over the counter from any financial institution that allows you to transact money.
All of the above ways are very straightforward, and they can be done at any time. You do not have to wait for days to transfer money from your Emerald card when you are not transferring it to the Chime account because these methods already have your authentication.
What are Emerald Card and Chime Account Transfer Limits?
Since many people transact money from their Emerald card, there is a daily ATM limit of transactions of $3,000. However, most ATMs do not allow withdrawals that exceed $1,000 or sometimes even less than that within a day.
Emerald card has a cash load limit of $1,000, which is lower than the average. So, the transaction limit depends on the ATM, which means you should be aware of the limit before you go to the ATM to withdraw money.
For the Chime account, you can transfer up to $10,000 per day, and for monthly, the transaction limit is $25,000, but this will vary depending on your membership type. You can take out $1,000 per day for a maximum of three times.
As the authority takes time to validate your authentication, you will receive the funds within five business days.
Final Words
Many people do not use the Emerald card, so transferring money from and to the card can be very confusing. The Chime account is not a bank account, so people may need help navigating the steps to operate this platform. As a result, most find it difficult to merge the two platforms to transfer money from one to the other. In this article, we have explained how to transfer money from your Emerald card to your Chime account and provided other information to make the process easy for you.
Frequently Asked Questions
Various banks will allow you to transfer money from the account to a Chime account, which can be done from the website. You must log into the bank’s website and add your Chime account details, such as the account and routing numbers. Then you can request a direct deposit which will only be processed on business days. Generally, the bank authority asks to hold the money for at least three working days. So, it will take a little more than a week to transfer the money.
Many websites tell you that you cannot transfer money from your Emerald card to CashApp, but there are ways to do it. CashApp supports credit or debit cards like Visa, MasterCard, Discover, or American Express. As the Emerald card is a debit MasterCard, you can transfer the money by following some steps. However, the money goes to the CashApp checking account.
Once you’ve linked your external account, you may use the Chime app to move money into your checking account from the external account. Within five business days, you’ll have access to the transferred monies.
Yes, you can. The Emerald Card is a prepaid debit card that can be loaded with money and used all year long, making it ideal for receiving a tax return by direct deposit.
Each Card has a daily spending limit of $3,500 with PIN purchases and $3,500 with signature transactions.
Amanda Smith is a professional personal finance and sustainability writer who enjoys writing about everything from Banking to unique Financing options like all kind of banking and Personal finance. You can find his work on sites like Transfer Money, Debit card, Credit Card.