Chime has made direct deposit even more convenient for all digital bankers—you can get it up to 2 days earlier with Chime than with traditional banks.
If you're expecting your direct deposit funds on Wednesday or any other weekday and want to know exactly what time of the day it will hit your account, this guide is for you.
What Time Does Chime Direct Deposit Hit?
Chime direct deposits hit up to two days earlier on any business day of the week between 9am and 2pm, as soon as Chime receives your paycheck, that is, Monday through Friday. So if Chime received your paycheck on Tuesday, you should see the funds reflect in your account that very Tuesday (almost instantly).
What Time Does Chime Direct Deposit Hit On Wednesday?
Chime direct deposits hit accounts by 9:00 AM EST on Wednesdays. The funds will only be made available if Chime receives them and if some external factors that affect Chime banking partners do not influence the overall wait time.
Factors Affecting Direct Deposit Speed On Chime
Chime makes direct deposits available up to two days earlier as compared to traditional banks. This is because Chime, unlike traditional banks, doesn't take up to two business days to process the funds as soon as they are received. Instead, it makes it available instantly as soon as they receive the funds.
Since Chime relies on banking partners to offer its banking services, including direct deposits, these banking partners can, however, be influenced by any of the factors that flow down to direct deposit, which will in turn affect Chime.
These factors include:
1. Your Employer's Payroll Schedule
It's no new thing that employers change payroll schedules, and if there's a shift in your normal payroll schedule, Chime will take more time to receive the payment, especially if your employer releases it on a holiday.
2. Weekends and Holidays
Weekends and holidays are usually the major factors that influence direct deposit speeds in a way that if Chime receives your paycheck on a Saturday, you'll only be able to access the funds the next business day (that is, Monday) and we can say that in this case, the direct deposit can take up to 5 business days to hit your Chime account.
3. Digital Stops
When your paycheck is released, it goes through many digital stops before reaching your Chime account. Now, if there's a delay at any of these stops, your direct deposit will also be delayed from reaching your Chime account, which increases the overall wait time.
Tracking Your Direct Deposits On Chime
Since the exact direct deposit timing can vary, you'll need to use some of Chime's finance management tools to track down your direct deposit and know when it reaches your account.
1. Check Your Transaction List
Chime's transaction list displays all the transaction entering and leaving your account, including direct deposits. If you have a pending deposit on the way, it should show as gray in this transaction list until it is received then it will turn green.
2. Enable Notifications
Always make sure that your notifications have been turned on so you won't miss the deposit alert.
3. Contact Your Employer
If your usual Wednesday deposit seems delayed, check with your employer's payroll department to confirm their processing schedule.
What Time Does Chime Direct Deposit Hit On Tuesday & Thursday?
As mentioned earlier, Chime direct deposit hits customers' accounts at 9:00 AM EST from Monday through Friday. This means if you're expecting a direct deposit on Tuesday or Thursday, it should likely hit your account by 9:00 AM latest.
What Time Does Chime Direct Deposit Hit On Saturday?
Saturday is not a business day, so if your direct deposit schedule falls on a Saturday, you should expect it the next business day, which is Monday by 9:00 AM latest.
Final Thoughts
While there's no exact time for Chime direct deposits on Wednesdays, you can expect the funds to be available by 9:00 AM and 2:00 PM EST at the latest, and often much earlier. For your convenience, you can always track your direct deposit by enabling notifications and checking your transaction list so you won't miss out on the alert.
If the direct deposit seems to take longer than expected, then you should consider calling your employer and checking if they haven't changed your schedule.
