Have you ever heard of a Chime card? If you're not quite familiar with it, it's something that you might want to become familiar with because it can make your life much easier, especially if you don't have a traditional debit or credit card. Simply put, the Chime card is an electronic card that can be used for both direct deposits and cash deposits. You might think of it as a bank card without the need for opening a bank account. You can also make withdrawals from the card, provided that you authorize them before actually trying to make them. That's definitely the one potential caveat of having a Chime card, but it also protects your funds in ways that traditional debit and credit cards don't. If you're new to keeping track of your funds, this might be an excellent way to do it because it forces you to stop and think before you actually take any money out. In many cases, it's considered a card that can be used virtually anywhere, provided you keep those parameters in mind. That's because it is essentially a Visa debit card. The question is, how do you load it and where can you do so?
Where Can You Reload Your Chime Card?
You already know that your Chime card can be used for direct deposits and by extension, you know that it can indeed be reloaded. In short, it's not a card that can only be used once and when the balance is depleted, that's it. However, you might not know exactly where you can reload the card if you're using cash. Perhaps you don't have the ability to use direct deposits that go straight to your Chime account. If so, how do you put the cash on your card and what type of process do you have to go through in order to do so? The good news is that many major stores allow you to reload your Chime card using cash simply by visiting the nearest location of that particular outlet. For example, you can reload your Chime card using cash at places like Walmart, Dollar General and Walgreens. Of course, there are other places where you can reload the card as well, not the least of which include other drug stores such as Rite Aid and CVS. Family Dollar also allows you to reload the card, as does the popular convenience store chain 7-Eleven. As a matter of fact, you can use cash to reload your Chime card in over 90,000 different locations throughout the United States. As such, there is most likely a location that you can use that's close to your home, even if you live in a rural area. That gives you the opportunity to have a greater amount of flexibility with the card because you can reload it frequently if the need arises. It also prevents you from being forced to drive great distances or jump through hoops in order to reload it like you might have to do if it were only accepted at one or two locations. However, there's something more important going on here. The fact that virtually all major retailers of various sizes allow you to reload the card at their location and that there are more than 90,000 of these locations throughout the country speaks volumes about the number of people that use this particular card. When you consider that fact and add to it the fact that it is backed by Visa, it becomes a little bit easier to trust getting an account while using one of these cards. It can be a scary process to take your cash and put it on one of these cards because you don't always have the protection that you would have with a traditional bank account. However, this type of popularity can ease a lot of those tensions so if you're curious about which type of card to get, this one probably just catapulted straight to the top of the list.
Things You Should Know
Of course, there are a few things that you should know before you decide to go out and get one of these cards yourself. First and foremost, understand that while they don't charge monthly maintenance fees or anything like that, there is a fee associated with loading your card each and every time. Furthermore, those fees will differ depending on the store that you're using to load your card. As a matter of fact, it's not entirely uncommon to use the same chain in two different locations and experience two different fees. If you haven't used that particular location in the past, it's a good idea to be upfront and ask the clerk about associated fees before you do anything, just to ensure that there aren't any unpleasant surprises. As far as being able to use the card itself is concerned, it couldn't be much easier. There's an app that you can put on your phone that allows you to track your balance and more often than not, the amount of cash that you deposited into the account will be available for use roughly two hours after you deposit it. Furthermore, you can make up to three cash deposits in a single 24-hour time span, provided those deposits don't total more than $1,000. As far as monthly limits are concerned, you can deposit as much as $10,000 within any 30-day period.
Benefits of Using Chime
Right now, it probably won't surprise you to learn that there are a number of potential benefits to using a Chime card. For one thing, you can typically access your balance up to three days prior to actually having it deposited into your account, provided that you're using direct deposit and you can prove your source of income. That's a definite plus, especially if you tend to run short on cash from time to time. In addition, you can typically ask the clerk at the store where you want to load your card to walk you through the process and they will either do that or in some cases, they will simply do it for you. Once you do it a couple of times, you'll probably be able to do it in your sleep. As previously mentioned, there are plenty of retailers that allow you to make cash deposits in order to reload your card. If you don't happen to live close to one that's already been mentioned, it's worth asking wherever you shop because there's a better than average chance the answer will be yes. Before you know it, you can be on the road to making purchases that are safe and secure just like you would with a traditional debit card, without having to deal with the hassle that typically comes with having a regular bank account.
Written by Allen Lee
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