How To Transfer Money From Venmo To Chime [Using Bank Account As A Bridge]

We are in a digital era where banking and monetary transactions have been taken to mobile and online platforms, eliminating the need to always go to the bank for transactions.

Thanks to platforms like Venmo and Chime,  you can sit at the comfort of your home or office and transfer or receive money from friends, family members, or even business partners.

Venmo is a peer-to-peer (P2P) payment service owned by PayPal. It is primarily used for sending and receiving money between friends, family, or acquaintances. Also, Venmo allows users to add notes and emojis to transactions. It also offers an option for instant transfers (with a fee) or standard transfers (free but taking 1-3 business days).

While, on the other hand, Chime is an online banking platform. It offers checking and savings accounts, debit cards, and fee-free features like mobile check deposit. With Chime there are no monthly fees or minimum balance requirements.

Find out in this article how to transfer money from Venmo to Chime:

How To Transfer Money From Venmo To Chime:

You cannot directly transfer money from Venmo to Chime since Venmo and Chime are separate platforms, and they don't have a direct integration like Chime and Zelle..

To get money from Venmo to your Chime account, use your existing bank account as a bridge between the two platforms.

Hint:

1. Transfer the money from your Venmo account to your bank account.
2. Link your traditional bank account to your Chime account (if it's not already linked).
3. Transfer the money from your bank account into your Chime account.

Below is a step-by-step guide on how to transfer money from Venmo to Chime:

1. Initiate Transfer from Venmo

• Log in to your Venmo app.
• Tap your Venmo balance or the "Manage Balance" button.
• Select "Transfer to Bank."
• Choose either "Instant" (small fee involved) or "1-3 Business Days" (no fee).
• Enter the amount you want to transfer and confirm.

2. Wait for the funds to reach your bank account:

• Instant transfers typically take a few minutes.
• Standard transfers may take 1-3 business days.

3. Link Chime to your bank account

• Open your Chime app.
• Go to "Move Money" and then "Transfers."
• Select "Add an external account."
• Enter your bank information and follow the prompts.

4. Initiate Transfer to Chime

Once your bank account is linked, initiate a transfer from your bank account to your Chime account. This can be done through your bank's website or mobile app.

How To Send Money To Chime:

Sending money to Chime depends on where you are sending it from:

1. Sending from another person's bank account:

They can initiate an ACH transfer through their own bank's website or mobile app. They'll need your Chime routing number and account number (found in the Chime app under "Settings" > "Account info").

Some banks may impose transfer limits or fees, so it's best for the sender to check beforehand. This method usually takes 1-3 business days for the money to reach your Chime account.

2. Sending from Another Chime account:

• They can use the Chime app's "Pay Anyone" feature:
• Open the Chime app and select "Pay Anyone."
• Enter your Chime Sign (unique identifier), phone number, or email address.
• Enter the amount and optional note.
• Confirm and send the payment.
• This method is instant and free for both Chime users.

3. Other methods:

Cash deposits: Deposit cash via a retail partner with a Chime Visa® Debit Card or Credit Builder Card (fees may apply).

Paper checks: Mailed checks will be processed upon receipt, taking additional time.

Always double-check your recipient information before sending money to avoid any issues.

How To Send Money To Chime From Debit Card

While it was previously possible to link a debit card directly to Chime and transfer funds from it, Chime discontinued this functionality in 2021. This means you can no longer directly transfer money from a debit card to your Chime account.

However, you still have a couple of alternative options for transferring money to Chime, such as any of  the above methods.

How To Send Money To Chime From Cash App:

You can directly transfer money from Cash App to Chime. Cash App does offer the ability to directly link to other financial institutions like Chime for transfers. However, we will show you an indirect method that you can still use to get money from Cash App to Chime using a two-step approach:

1. Transfer the money from Cash App to your linked bank account:

• Open the Cash App on your mobile device.
• Tap the Balance tab.
• Select Cash Out.
• Enter the amount you want to transfer.
• Choose Standard for a free transfer (1-3 business days) or Instant for a faster transfer (comes with a 1.5% fee).
• Select the linked bank account you want to transfer the money to.
• Confirm the transfer details and tap Cash Out again.

2. Transfer the money from your linked bank account to Chime:

Option 1: Use your bank's website or mobile app to initiate an ACH transfer to Chime. You will need your Chime routing number and account number (found in the Chime app under "Settings" > "Account info").

Option 2: If your bank offers mobile check deposit, you can deposit a check from your bank account into your Chime account using the Chime app (may involve processing time and potential fees).

How To Send Money To Chime From Zelle:

Chime does integrate with Zelle. Chime members can send, request, and receive money with Zelle from within the Chime app.

The recipient (the Chime user) must be enrolled in Zelle through the Chime app. This means they have registered their U.S. mobile number or email address with Zelle through the Chime app. If they enrolled with Zelle through another bank's app, you need to use the information they used with that bank's app.

Steps on how to Send Money To Chime From Zelle:

1. Open your banking app or the Zelle app: Use the app from the bank or credit union where you have Zelle set up, or the standalone Zelle app if you have that.

2. Find Zelle: Look for Zelle within the app. It's usually under "Send Money," "Transfers," or something similar.

3. Select or Add Recipient:

• If you have sent money to the Chime user before using Zelle, they may already be in your contacts. Select their name.
• If you are sending money to them for the first time, you will need to add them as a new recipient.

4. Enter Recipient Information:

You will typically be asked for the recipient's:

• Email address or U.S. mobile phone number: This must be the email or phone number the recipient used when enrolling in Zelle through the Chime app. Using a different email or phone number will likely result in the transfer failing or going to the wrong person.

5. Enter Amount: Type in the amount of money you want to send.

6. Review and Send: Double-check the recipient's information and the amount. Add a memo (optional). Then, confirm and send the money.

Important Notes:

• Enrollment is Key: The recipient must be enrolled in Zelle through the Chime app for the transfer to work correctly.
• Fees: Zelle itself doesn't typically charge fees, but check with your bank or credit union to be sure. Chime also doesn't charge fees for using Zelle.
• Limits: Zelle and your bank might have daily or weekly sending limits.
• Confirmation: You will usually receive a confirmation message or email once the money is sent.
• Zelle transfers are typically very fast, often arriving within minutes. However, it can sometimes take longer depending on the banks involved and other factors.

Note: Chime members can send, request, and receive money with Zelle directly from within the Chime mobile app. This feature is available to Chime members who enroll in Zelle through the Chime app using their U.S. mobile number or email address.

Final Thoughts On Sending Money To Chime

While Chime doesn't directly connect to all payment services, various options exist for transferring money into your Chime account. You can utilize linked bank accounts, cash deposits, or even money transfer services (though research them carefully).

Be mindful of potential fees associated with different transfer methods. Standard transfers from linked accounts or Cash App transfers typically have no fees, but instant transfers or using third-party services might involve charges.