Yes, Chime shows pending deposits in the app.
Usually, you should be able to see any pending deposits in the transaction list of your Chime mobile application. They always appear in gray on this list and will only appear green when the funds are made available.
How to Set up Direct Deposits With Chime
Chime makes direct deposits available up to two days earlier as compared to traditional banks. They do this thanks to a feature called Get Paid Early, which makes your funds available as soon as Chime receives them.
This is why it is even more crucial to have your direct deposit funds pass through Chime if you need to access them earlier. Of course, you'll need to have set up a checking account with Chime to access direct deposits through the Chime app.
To set up direct deposits with Chime:
- Open the Chime app (while making sure you already have a checking account).
- Go to the "Move Money" tab and then select "Set up direct deposit."
From here, you'll have three ways to proceed with setting up direct deposits:
- Copy your routing and account numbers and share those directly with your employer or payroll provider to set up direct deposit.
- Tap Get completed form, and Chime should email you a completed direct deposit form to send to your employer.
- Use the Find employer functionality. If your employer or payroll provider is supported, you can set up direct deposit in a few taps – no forms needed.
If you don't want to use the Chime app, you can always use the Chime website to set up direct deposit as well.
How Chime Makes Direct Deposits Available Up to 2 Days Earlier?
Well, there's no magic in this. Normally, financial institutions can take up to 2 days just to process paychecks, which is what makes the two-day wait. But Chime relieves you of this wait and makes your direct deposit funds available as soon as the employer releases the funds and Chime receives them. This is only possible thanks to the Get Paid Early feature that lets you set direct deposits.
What Time Does Chime Direct Deposits Hit?
Chime direct deposits hit as soon as the fintech company receives your paycheck from your payroll provider or employer, which can be up to two days earlier. However, it can also take longer (up to 5 business days) depending on the factors that can influence Chime's partner banks, like, for example, Holidays and Weekends.
Direct deposits can hit your Chime account at any time of the day from Monday through Friday, and you can expect it to hit your account between 9am and 2pm.
Final Thoughts
Chime lets you check any pending deposits on your account from the transaction list. Pending transactions on Chime will always show gray until they are completed, before they can turn green. However, if you're unsure about a specific deposit, contacting Chime's customer support or the source of the deposit is always your best bet for accurate information.
