Writer: Eric Bank
Editor: Lillian Guevara-Castro
Reviewer: Ashley Fricker
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Chime might look like a bank, but it’s actually a fintech company providing banking services such as checking, savings, and credit accounts. Bancorp Bank and Stride Bank hold these accounts, supplying the essential banking infrastructure for Chime.
This arrangement allows the Chime online checking account to operate as a conventional bank account, complete with a Visa debit card, electronic checks, and optional overdraft protection. Most online payday lenders and cash advance apps can link to Chime to deposit loan proceeds and collect payments.
This article reviews several online loan networks that allow consumers to find direct providers of short-term payday and personal loans. Each network lender specifies its own bank account requirements, and they often include Chime. We also examine various apps that offer loan alternatives and can deposit the money into your Chime account.
Online Payday Loan Networks That Work With Chime
These companies offer loan-finding services to consumers with bad credit. They can connect you to providers of payday loans, personal loans (short- and long-term), or both, without cost or obligation. Most can deposit loan proceeds into your Chime account as soon as the next business day.
- Personal loans from $500 to $35,000
- All credit types are considered and welcome
- Simple, no credit impact form
- Helping consumers since 2001
- 4.7 out of 5 Trustpilot rating with 2,000+ reviews!
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $35,000 | 5.99% – 35.99% | 60 Days to 72 Months | See representative example |
The 24/7 Lending Group uses sophisticated technology, instantly channeling your loan request to direct lenders that can accommodate your needs. Its nationwide network contains some of the highest-rated loan providers available online.
With 24/7 Lending Group, all your loan options are presented clearly, making it easy for you to compare rates and terms. You are never required to accept any offers you receive.
Pros
- Funds can be deposited in your account in 24 to 48 hours
- Free loan quotes with no obligation to sign
- Highly rated in customer reviews online
Cons
- You’ll likely pay an extremely high interest rate if you have bad credit
- Personal loans of up to $50,000
- All credit types welcome
- Receive funds in as little as 24 hours
- Fast approval decision
- Safe and secure application
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| Up to $50,000 | As low as 6.40% | Varies | See representative example |
Loan for Personal partners with lenders that can offer you an unsecured loan even if you have damaged credit. It promises no hidden fees, no upfront cost, and zero obligation.
This service is designed to help you easily find an installment loan with monthly payments that match your budget. You can review and accept your loan offer quickly and without any hassle.
Pros
- Lenders can deposit funds in as little as one business day
- No hidden fees or upfront costs
- Flexible loan terms as short as three months and as long as six years
Cons
- High interest rate potential
- Residents of some states may not qualify
3. Avant
- Personal loans of $2,000 to $35,000
- Compare rates in 2 minutes without affecting your credit
- Best for low origination fees for bad credit
- 550 minimum credit score required
- Powered by Credible
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $2,000 to $35,000 | 9.95% – 35.99% | 12 to 60 Months | See representative example |
Avant welcomes people seeking personal installment loans online. You need only a few minutes to complete the loan request form and see what you may qualify for.
Getting a loan through Avant is much faster and simpler than dealing with traditional banks or credit unions. By partnering with WebBank, Avant lets you seamlessly use your Chime account for both receiving and repaying your loan.
Pros
- Funds deposited as soon as the next business day
- Prequalify with no impact on your credit score
- Low origination fees for bad credit borrowers
Cons
- Borrowers with bad credit will see the highest interest rates
- No loan terms shorter than one year
4. Upstart
- Personal loans starting at $1,000
- Find loans you prequalify for, complete your application, and close your loan
- Loans for 300+ FICO Scores
- Checking rates doesn’t impact your credit score
- Powered by Credible
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $1,000 to $50,000 | 6.2% – 35.99% | 1 to 5 Years | See representative example |
Upstart can quickly prequalify you for an online personal loan from its lender network. These installment loans allow you to repay in equal monthly installments, spanning 36 to 60 months in length.
Every loan offer you receive outlines the loan amount, repayment schedule, and interest rate. Most lenders can deposit the loan funds into your Chime account on the same day you apply and get approved, giving you access to the money as soon as the next business day.
Pros
- Lenders may deposit funds the same day you are approved
- Works with borrowers who have bad credit (scores of 300 and above)
Cons
- Potentially high interest rates for borrowers with low credit scores
- Only offers loan terms of three or five years
- Small personal loans starting at $100
- Receive an approval decision in as little as 2 minutes
- Funds can be deposited into your account in one business day and used for any purpose
- No hidden fees
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $100 to $20,000 | Varies | Varies | See representative example |
SmartAdvances.com takes only minutes to find you one or more short-term loan providers. To prequalify, you must collect a monthly income of at least $1,000. The egalitarian SmartAdvances leadership team consists of an almost equal number of women and men.
The website includes a loan calculator to help you create a repayment schedule that comfortably fits your budget. SmartAdvances.com is part of the Online Lenders Alliance (OLA), a trade group that supports fair credit practices in line with federal laws.
Pros
- Lenders can provide funds in as little as one day
- Fast approval decisions
- Works for loans from $100 to $20,000
Cons
- Bad credit borrowers will pay a high interest rate
- Not available in all states
- Loans from $500 to $10,000
- Get connected with a lender
- Simple form & quick funding
- Get your money as soon as next the business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $10,000 | 5.99% – 35.99% | 3 to 60 Months | See representative example |
You must be a legal citizen, 18 years or older, and meet the other prequalification criteria to receive a loan offer from the BadCreditLoans.com network. This network is true to its name by providing direct lenders willing to offer bad credit loans.
If a suitable loan offer doesn’t come through, BadCreditLoans.com might connect you with providers offering credit repair, debt relief, or other credit-related services. Keep in mind, you’re not obligated to accept these offers, so take your time to thoroughly review them before making a decision.
Pros
- Can receive funds in your checking account as soon as the next business day
- No obligation to accept any offers
Cons
- High interest rate potential
- Residents of some states may not qualify
7. CashUSA.com
- Loans from $500 to $10,000
- Receive a loan decision in minutes
- Get funds directly to your bank account
- Use the loan for any purpose
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $10,000 | 5.99% – 35.99% | 3 to 72 Months | See representative example |
To qualify for a CashUSA.com-arranged loan, you must be a US citizen or permanent resident, at least 18, and earn a specified monthly income. You also must be employed for at least 90 days and have a checking account (including Chime Checking) in your name.
A network lender typically funds your loan through electronic transfer in as little as one business day. Personal loan terms and fees differ among lenders, but CashUSA.com does not charge for its services.
Pros
- Receive a funds transfer in as little as one business day
- Can use loan funds for any purpose
Cons
- Bad credit borrowers will face high interest rates
8. MoneyMutual
- Short-term loans up to $5,000
- Online marketplace of lenders
- Funds available in as few as 24 hours
- Simple online form takes less than 5 minutes
- Trusted by more than 2 million customers
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| Up to $5,000 | Varies | Varies | See representative example |
MoneyMutual has been arranging bad credit loans since 2010. You can request a payday loan that you repay on your next pay date from your Chime account. If you prefer, you can request a personal installment loan that you repay from your Chime account over three or more months.
Loans are available to consumers 18 or older. You must also be a US citizen or permanent resident and collect at least $800 monthly in wages or government benefits.
Pros
- Loan proceeds can be deposited in your account in as few as 24 hours
- Quick and easy application process
Cons
- Interest rates vary, but could be extremely high for bad credit borrowers
- Not available in New York or Connecticut
Payday Advance Alternatives to Payday Loans
While fast and convenient, payday loans are also expensive. You may prefer to use an inexpensive cash advance app for a small loan. These leading instant cash advance apps can provide up to $500 ahead of your next paycheck, and some allow you to use a Chime account.
EarnIn
The EarnIn app connects to your bank account to offer you quick access to up to $150, with a maximum of $750 per pay period.1 There are no credit checks, no mandatory fees, and no interest involved.
If you have a Chime account that EarnIn can support, please turn on Allow Transactions in your Chime settings. Turning on Allow Transactions gives EarnIn clearance to send cash to your Chime account and debit you on payday.
Dave
Dave is a cash advance and banking app that links with external accounts such as Chime. Through its ExtraCash feature, users can quickly access up to $500 to cover expenses.
Dave offers the flexibility to deposit money into a linked checking account, which might take up to three days. Alternatively, you can choose to transfer the money instantly to a Dave Checking account.
Dave has a monthly membership fee, but it doesn’t charge interest or fees for ExtraCash. And those who open a Dave checking account can access their direct-deposit paychecks up to two days early.
Possible Finance
Possible doesn’t rely on FICO scores to decide if you’re eligible for a cash advance. Instead, it looks at your regular pay schedule and work history to make loan decisions.
The bank verification vendor (Plaid) that the Possible money borrowing app uses does not allow users to set a Chime account as their primary account, which means you can’t have Possible disburse your loan funds there.
However, it does allow you to add a Chime account as an additional payment method, which means you can use it to pay your Possible loan balance.
Brigit
With Brigit, you can qualify for a cash advance of up to $250 and have the funds sent to your Chime account. You can secure an advance with no credit check or interest charges, but you may need a subscription (which includes a monthly fee).
Brigit proudly shares that they’ve helped members save over $1 billion in fees, with an average savings of $425 per member annually. If you’re ever short on cash, whether it’s a one-time situation or a regular occurrence, this service could be worth considering.
What Is Chime?
Chime is a fintech company that provides low-cost, helpful, and easy-to-use online banking services. Its app provides unbanked, underbanked, and bad-credit consumers with deposit accounts, credit cards, debit cards, and overdraft protection services, among others.
The company helps consumers save money by not charging monthly fees. Instead, Chime makes money from merchant debit and credit card interchange fees. It can afford to do so by avoiding the overhead of brick-and-mortar branches.
Chime offers the following products and services:
- Chime Checking Account: An online account for consumers who may have poor credit, previous banking problems, or a dislike for bank branches and the fees they charge. The account lets you deposit, transfer, spend, and withdraw money through its website and mobile app. You can use the paperless Chime Checkbook feature to pay bills electronically.
- Chime Savings: This is an optional high-yield account with no minimum balances, minimum deposits, or monthly fees.
- Chime Visa Debit Card: Chime offers a versatile debit card for in-store, online, and in-app purchases. You fund the card through your Chime Checking Account and spend money already on deposit (unless you sign up for overdraft protection). The card integrates with mobile e-wallets, including Google Pay, Samsung Pay, and Apple Pay.
- Chime SpotMe®: This service provides overdraft protection without interest or fees. Chime applies your next deposit(s) to repay your overdrawn balance. You must receive direct deposits of at least $200 in a 34-day period to activate the SpotMe® feature. The protection extends only to debit card purchases and withdrawals up to a certain limit.
- ATM Network: Chime gives customers fee-free access to 50,000+ fee-free ATMs. You must pay fees for out-of-network ATM withdrawals. Alternatively, participating merchants may provide cash back on debit card purchases.
The Chime app is available for free download on iOS and Android devices by customers who prefer the convenience and flexibility of mobile banking.
How Can You Get a Payday Loan With a Chime Card?
As with many digital banking platforms, Chime does not offer payday loans. But if you have a Chime Checking Account and need to access funds quickly, there are some alternative options you may want to consider. One is applying for a personal loan from one of the reviewed lenders, all of which can deposit funds into a Chime Checking Account.
While the process can vary from lender to lender, typically, you’ll need to input your Chime Checking Account and routing numbers when applying for a loan. You can quickly find these numbers online or right in the Chime app.
When payday lenders approve loans, most can deposit the funds directly into a Chime Checking Account just like any other eligible bank account.
Payday loans often come with high interest rates and fees, making them a costly option. However, they could be suitable if you need rapid cash and lack other credit options. Just remember, payday loans aren’t a long-term fix and should be used only when absolutely necessary.
Taking out loans or using credit only when necessary is prudent when you need money. Always read the terms and conditions of any loan carefully and be sure you understand the total cost of borrowing before agreeing to the loan.
What Are the Differences Between an Online Payday Loan and a Cash Advance App?
Both online payday loans and cash advance apps offer quick access to cash when you need it. But the two have key differences, including operation, the application process, repayment terms, and costs.
- Operation: You can apply to an online lender or loan-finding service that will evaluate your application and determine whether to approve or deny it. On the other hand, a cash advance app is a mobile application that typically allows you to borrow money without applying.
- Application Process: To apply for an online payday loan, complete a detailed application and provide documentation to the lender or lending network. The application process is usually short, but getting approved may take a little longer. On the other hand, instant payday loan apps often have a much simpler process, and you can usually get approved and receive funds within minutes. However, the size of cash advances is limited.
- Costs: Online payday loans are expensive, with high interest rates and fees. However, the fees and interest rates associated with cash advance apps can be much lower. Some cash advance apps are subscription-based and don’t charge interest or fees for their advances. It’s essential to read the terms and conditions carefully before using the app to see if this setup will save or cost you money in the long term.
Online payday loans and cash advance apps offer quick access to cash, but it’s important to weigh the costs and risks before using them. Before considering payday loans or cash advance apps, explore other borrowing options, like a personal loan from an online lending network, bank, or credit union.
How Do I Apply For a Loan From a Network?
You must follow several steps to apply to an online loan network. These include researching lending networks, filling out a loan request form, submitting the form, reviewing your loan offers, accepting the best offer, and receiving your funds.
- Research online loan-finding services: Online loan-finding services abound, but choosing a reputable one that fits your needs may take some research on your part. Look for reviews like this one and ratings from other customers, and compare the fees and services offered by different providers.
- Fill out a loan request form: Once you have chosen a loan-finding service, visit its website and create an account if necessary. To find loan options that meet your needs, you must provide basic information about yourself and your financial situation. This data may include your name, address, employment information, and income.
- Submit your form: After you have filled out the application, review it for accuracy and completeness, and then submit it to the loan-finding service.
- Review loan offers: Once you have submitted your application, the loan-finding service will typically present you with several loan options that match your needs and qualifications. Review these offers carefully, including the interest rates, fees, and repayment terms, and choose the one that best fits your needs.
- Apply for the loan: After you have accepted a loan offer, you will need to complete a separate application with the direct lender offering the loan. This application will typically require additional documentation, such as proof of income or employment.
- Receive your funds: If you receive approval for the loan, the lender will deposit funds into your bank account or Chime account, depending on the lender and the loan terms.
The online loan-finding services we explore don’t directly lend money; instead, they connect you with lenders who can. It’s crucial that you carefully read and understand the terms and conditions before accepting a loan offer, and stay aware of any associated costs and risks.
Can I Borrow Money From Chime?
Chime does not offer traditional loans. But you may be able to borrow money from Chime through its overdraft program, SpotMe®. If you have a Chime Checking Account in good standing and receive monthly direct deposits of at least $200, you may be eligible for SpotMe®.
SpotMe® covers debit card purchases up to a specific limit without incurring overdraft fees. The amount you can overdraw with SpotMe® depends on your account history, spending patterns, and other factors.
Chime will notify you of your available SpotMe® limit in the app, and you can use it as needed.
SpotMe® is not a loan and does not require an application or credit check. However, Chime may review your account activity and lower or revoke your SpotMe® limit if your account falls out of good standing.
Which Loans Do Not Check Credit?
Most traditional lenders, such as banks and credit unions, will require a credit check when you apply for a loan. But some types of loans, including payday loans, title loans, pawn loans, and loans from family and friends, do not require a credit check.
- Payday loans: Payday loans are short-term loans that are typically due on your next payday. They are for people who may not have a good credit score and need cash quickly. Payday lenders generally do not perform a credit check but charge high fees and interest rates.
- Title loans: A title loan is a secured loan that uses your car as collateral. They typically do not require a credit check, but they are expensive and come with the risk of losing your car if you cannot repay the title loan.
- Pawnshop loans: These loans do not require a credit check. When you take out a pawnshop loan, you use an item of value, such as jewelry or electronics, as collateral. The pawnbroker will assess the item’s value and offer you a loan based on that value. Because you secure the loan with collateral, the pawnbroker does not need to check your credit score or income. But the loan amount is typically a fraction of the item’s value, and the interest rates and fees are high. If you cannot repay the loan, you risk losing the collateral.
- Loans from friends or family: If a trusted friend or family member is willing to lend you money, you can get a loan without a credit check. Honor the loan terms, lest you damage your relationship with the lender.
Loans that don’t require a credit check can be costly, often featuring steep fees and interest rates. It’s best to use them only as a last resort, after carefully weighing the risks and expenses of pursuing a no-credit-check loan.
Your Online Payday Loans Can Work With Chime
Online payday loans require a bank account for the lender to deposit the funds and collect payments. The online payday and personal loan networks we’ve reviewed work with your Chime online checking account and debit card. Most of the cash advance apps we’ve reviewed also do, and they can offer small payday loans directly at a lower cost.
Your choice will depend on your access to both loan sources and the amount you want to borrow.
EarnIn Disclosures:
1A pay period is the interval between your paychecks, whether it’s weekly, biweekly, or monthly. EarnIn sets your daily and pay period limits (“Daily Max” and “Pay Period Max”) based on your income and financial risk factors as detailed in the Cash Out Maxes section of our Cash Out User Agreement. EarnIn reserves the right to modify the Daily Max and Pay Period Max at its discretion. Your actual Daily Max will be shown in your EarnIn account before each Cash Out. EarnIn doesn’t charge interest on Cash Outs nor mandatory fees for standard transfers, which typically take 1–2 business days. For quicker transfers, you can opt for the Lightning Speed option and pay a fee to receive funds within 30 minutes. Note that Lightning Speed may not always be available to all customers. Restrictions and terms apply; see the Lightning Speed Fee Table and Cash Out User Agreement for details.
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