You can withdraw from Chime savings through ATM, debit card, transfer, or direct withdrawal

Chime offers four main ways to get money out of your savings account: use an ATM, swipe your debit card at a store or online, transfer the money to your checking account, or request a direct withdrawal. The fastest is usually the ATM or debit card if you need cash immediately. Transfers between your Chime accounts take seconds. Direct withdrawals—where Chime sends money to a bank account outside Chime—take one to three business days.

Which method you choose depends on whether you need the money right now, whether you want cash or a digital transfer, and whether you're moving it within Chime or out to another bank. Each has different limits and different timing.

Key Takeaways

  • ATMs and debit cards give you immediate access to your savings, but Chime charges a fee if you use an out-of-network ATM.
  • Transferring money from savings to your Chime checking account is instant and free, and you can then spend it however you want.
  • Moving money to a bank account outside Chime takes one to three business days and requires you to add that bank account first.
  • Chime savings accounts do not have monthly withdrawal limits, but your bank account outside Chime may have its own rules about how often you can receive transfers.

Using an ATM to withdraw cash

Chime partners with a network of ATMs across the country where you can withdraw cash for free. The easiest way to find one is to open the Chime app, tap the card icon, and select "Find ATM." The app shows you the nearest participating ATMs and whether they are currently available.

If you use an ATM that is not in Chime's network, Chime charges a fee—typically $2.50 per transaction. The ATM operator may also charge you a separate fee. To avoid both charges, stick to Chime's network. If you are traveling or in an area without a Chime ATM nearby, you can also withdraw cash back at a store when you use your debit card to make a purchase.

Transferring money to your Chime checking account

The fastest way to move money out of savings is to transfer it to your Chime checking account. This happens instantly and costs nothing. Open the Chime app, go to your savings account, tap "Transfer," select your checking account as the destination, enter the amount, and confirm. The money appears in your checking account immediately and you can spend it right away.

This method is useful if you want to move money between your own Chime accounts without waiting. There is no limit on how many times you can transfer between your Chime accounts in a single day or month.

Sending money to a bank account outside Chime

To move money from your Chime savings to another bank—yours or someone else's—you need to set up an external bank transfer first. In the Chime app, go to Settings, select "Transfers," and choose "Add Bank Account." You will need the routing number and account number of the bank you want to send money to. Chime will verify the account by depositing two small amounts (usually under $1) into that account, which you then confirm in the app.

Once the account is verified, you can transfer money to it. The transfer takes one to three business days to arrive. Chime does not charge a fee for outgoing transfers, but the receiving bank may have its own rules about how many transfers it accepts per month. Check with your bank before setting up frequent transfers.

Using your debit card to spend directly from savings

Your Chime debit card is linked to your checking account by default, not your savings account. However, you can use your card to make purchases and then transfer money from savings to checking to cover what you spent. This is not the most direct way to access savings, but it works if you want to keep your savings separate until you actually need to spend the money.

Alternatively, some Chime account holders can change their card settings to draw from savings first, though this is not a standard feature for all accounts. Check your app settings to see if this option is available to you.

What to do if you cannot access your savings

If your Chime app is not working, you cannot find an ATM, or you are locked out of your account, you can contact Chime customer support through the app or by phone. Chime's support team can help you troubleshoot access issues, confirm your identity, and in some cases process a withdrawal request on your behalf.

If your account is frozen or restricted due to fraud concerns or account verification issues, you will need to resolve that with Chime support before you can withdraw. Have your account number and a form of ID ready when you contact them.

Limits and rules for Chime savings withdrawals

Chime savings accounts do not have a monthly limit on the number of withdrawals you can make—this is different from some traditional savings accounts. You can withdraw as often as you want. However, your Chime savings account does earn interest, and frequent withdrawals may affect how much interest you earn if your balance drops below certain thresholds. Check your account terms to see if there is a minimum balance that earns the stated rate.

If you are transferring money to a bank outside Chime, that receiving bank may limit how many transfers it accepts per month. Federal Regulation D used to cap savings withdrawals at six per month, but that rule was suspended. Still, individual banks may have their own policies, so confirm with your bank before setting up automatic or frequent transfers.

Frequently Asked Questions

How long does it take to transfer money from Chime savings to another bank?

One to three business days. Weekends and holidays do not count as business days. If you initiate a transfer on a Friday evening, it may not arrive until Tuesday or Wednesday. Transfers between your own Chime accounts are instant.

Can I withdraw money from my Chime savings account at any ATM?

You can withdraw at any ATM, but you will be charged a fee if it is not part of Chime's network. Chime's network includes thousands of ATMs nationwide. Use the Chime app to find a free one near you. Withdrawing cash back at a store when you use your debit card is also free.

Is there a limit to how much I can withdraw from Chime savings at once?

Chime does not publish a single-transaction limit for ATM withdrawals, but individual ATMs may have their own limits—often $500 to $1,000 per transaction. If you need to withdraw more than your ATM allows, you can make multiple withdrawals or transfer the money to your checking account and withdraw from there.

What happens if I transfer money out of Chime savings and then need it back?

Once money leaves your Chime savings account, it is gone from that account. If you transferred it to your checking account, you can transfer it back to savings. If you sent it to another bank, you would need to transfer it back from that bank to Chime, which takes another one to three business days.

Do I lose interest if I withdraw from my Chime savings account?

Withdrawals themselves do not forfeit interest, but your interest is calculated on your daily balance. If your balance drops below a certain threshold, you may earn a lower rate. Check your account terms to see if there is a minimum balance requirement for the stated interest rate.