Sending money to friends and family is now very easy with Chime. Chime’s user-friendly and convenient features go beyond just managing your account; it also ensures that your loved ones get the transferred funds swiftly and securely. Even if you have no money in your Chime account, its SpotMe feature allows you to provide emergency financial support to family and friends. But the problem is that Chime Spot Me does not support transferring money to anyone as that amount you don’t have. We know, now you have a question in your mind: how to send money with Chime Spot Me. Here, we inform you of the fund transfer strategy while covering some relevant aspects.
What is Chime Spot Me?
To understand what is Spot Me of Chime, you must first understand the concept of overdraft facility given by traditional banks. In the conventional process, when you make any purchase or make a payment even though there is no money in your account, it is called an overdraft.
For a conventional bank account, this over-drafting comes up with a negative value in your account balance, and they charge a fee for this overdraft issue. Chime Spot Me is a great relief for people like you who are eventually forced to go for over-drafting.
This feature allows you to make a purchase or payment even if there is no money in your Chime account, and it does not show any negative figure in your account balance. Instead, Chime recovers the given amount at your next deposit or receiving a paycheck (if it’s linked with your company’s salary account).
In brief, SpotMe by Chime is your safety net, providing the funds to cover your account whenever you overspend. Initially, Chime offers an amount of $20 to back you up in an emergency in the form of an overdraft. With the passage of time and your increased transactions on Chime, this limit can go up to around $500.
Is It Possible to Send Money With Chime Spot Me?
To be honest, here, we must mention that you can send money to your friends and family only if you have a respective amount on your Chime account. But SpotMe is a system of overdraft; it is like an advance from Chime.
Due to this reason, Chime does not allow you to transfer any funds through SpotMe. You can use SpotMe money for only cash withdrawals and purchases. Also, the withdrawal and purchase amount must be within the allowed limit of your Chime account.
How to Send Money With Chime Spot Me?
As mentioned earlier, Chime does not allow you to send money in the form of an overdraft, i.e., SpotMe. It only allows you to send money if you have the required amount of money in your Chime account. However, there are several strategies to break down the barrier. Check out one by one.
Provide Cash
Chime Spot Me allows you to withdraw cash from the ATM. Here, you have to go to the nearest ATM and insert the Chime Visa Debit card into the machine. Then, type the amount and insert the PIN. The mentioned amount will come out of the machine.
Now, ask the person to whom you want to send money about his or her bank account name and number. You can also ask for any mobile money app that the person uses. Just deposit the cash to the bank account or mobile money app.
Finally, you have successfully sent money to your loved ones by using Chime Spot Me. However, in general, you can withdraw a maximum of $200 from the ATM using the Chime debit card’s SpotMe feature.
How to Send Money With Chime Spot Me Without Card?
First of all, without a card, you cannot send money with Chime Spot Me, as the “Spot Me” feature works only for purchases and cash withdrawals. As you do not have the card, you won’t be able to withdraw cash and send it to the respective option. So, what to do?
Below are the two effective strategies. However, to apply these strategies, you have to get a virtual card from Chime. It is easy to get. Just log in to your account and apply for the virtual card. Chime will provide you with the card details.
Strategy 01: Make the Purchase or Payment on Behalf of that Person
Discuss with the friend or family member to whom you want to send the money about his or her requirements. If he or she wants to make a purchase or make a payment, you use your Chime StopMe virtual card to settle the amount.
1. Purchase
For purchase issues, if it is online, just get the link of the product and make the payment. If it is an in-house purchase, you go to the shop and use your Chime SpotMe virtual card to make the payment and purchase the desired item. Later, send it to the person.
2. Payment
If that person needs the money to make a payment for a service, you just collect the recipient’s business account details. Here, as long as you are paying to a business account which is recognized by the respective entity, the payment will go through with the Chime virtual card. Finally, you have indirectly sent the money to your loved one using Chime SpotMe.
Strategy 02: Purchase Gift Card
As we have mentioned earlier, you can make online purchases using Chime SpotMe. So, go to any online gift card shop and purchase a gift card of the respective amount using a Chime virtual card.
The gift card company will send you an email with a QR code. Share this code with friends and family so that they can use the money. In this way, you can successfully send money to a person using Chime SpotMe without a card.
Can You Use Chime Spot Me on Cash App or Venmo?
Chime SpotMe funds are not transferable to other platforms like Venmo or Cash App. You can use your regular Chime balance to fund these accounts; you cannot access or borrow money from your SpotMe balance. So, logically, you cannot use Chime Spot Me on Cash App or Venmo.
Can I withdraw Money My SpotMe on Chime?
Yes, you can easily withdraw your money SpotMe on Chime. For the withdrawal, the easiest option is to use the Chime Visa Debit Card at the ATM. Go to the nearest ATM and insert your card. Then, mention the amount and insert the PIN. The required amount will come out.
However, you can also withdraw your SpotMe by using the Over-the-counter withdrawal facility. In this case, you have to go to a bank’s physical branch with the card. They will do the required process to provide you with the required cash.
Final Words
We hope that our elaboration on how to send money with Chime Spot Me will help you to send money to friends or family. By applying any of the mentioned indirect approaches, you will be able to transfer the Chime SpotMe fund to others. Finally, we would like to remind you that eventually, the limit of SpotMe is not that big, so keep this fact in your mind.
People Also Ask
No, it is not possible. To use SpotMe, you must have made a minimum of $200 as a direct deposit to Chime to become eligible for using the SpotMe feature.
No, it is not possible. Zelle does not work with Chime. To make a transfer from Zelle to Chime, you have to use any other allowed medium.
Yes, you can if you have a balance in your Chime account. To do so, you have to go to the “pay anyone” option, select the family member’s phone number and mention the amount. Finally, you have to confirm the transfer.
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.