Can I get a payday loan with Chime bank?

Quick Answer Yes, it’s possible to get a payday loan with Chime Bank. Chime Bank is an online banking platform that provides banking services, including direct deposit. Many payday lenders accept Chime Bank accounts for loan disbursement and repayment.

Brenna Major profile picture
Brenna Major Answer updated on Aug 19, 2023

Fact checked by Steven Hill

Yes, you can get a payday loan if you use Chime.

Even though Chime operates entirely online 💻, they are still a legitimate bank, and the company's app and website provide legitimate banking options for a payday loan.

Learn: Where can I get a payday loan?

If you are unfamiliar with Chime, they are a U.S.-based financial company offering fee-free checking accounts, savings accounts, and debit cards. Most of this is run through the Chime mobile app.

Even though some payday loans are available to those without a checking account, you might have more options if you have an open and active account. And, as we stated above, your Chime bank account can certainly serve as the account you “link” to your payday loan. 😊

When you link your Chime account with your payday loan lender's system, this designated account will be used for the disbursement of funds and repayment. Double duty!

Pretty cool. So, if you thought payday lenders were old fuddy-duddies, you were wrong! Payday lenders accept Chime and they are hip...or you know what we mean. Basically, payday lenders will work with more modern, online banks.

Learn: What do I need for a payday loan?

Keep in mind, regardless if you use Chime or a credit union if you don’t pay back your loan on time, the clouds will darken over you. 🌩️ Payday loans are known for their high fees and high interest, and if you are late those amounts only ramp up.

Using your Chime account might seem like the perfect setup, but we’d advise you to consider the more negative aspects of payday loans before going ahead. They come with high APR, high fees, and short payback periods. Consider other avenues before landing on this high-risk loan. 👍

profile avatar

My experience with Sound Financial has been absolutely incredible. I got the quick cash I needed without any hassles. The entire process was simple and transparent.