Undeniably, Chime is one of the best online banking apps in the U.S that everyone wants to be a part of. It offers a high-yielding savings account and credit-builder account that fits everyone’s needs. For employees, it makes paychecks available up to two days earlier than most traditional banks.
This article will be helpful if you are one of the few people getting denied from a chime spending or savings account. Chime May reject your application or won’t allow you to create an account for several reasons that we’ll discuss later.
Why did Chime deny me? Common Reasons
As with any other bank, Chime may deny users if they are not at least 18 years old or are U.S citizens or the District of Columbia. So if you’re not a resident of the United States, you won’t be able to join Chime banking. However, you may be denied or disapproved for other reasons too.
You are not a U.S citizen.
Since Chime is only available in the US, no outlander can enroll for a debit card or banking. Since the platform is mainly pivoted around banking, not budgeting or bill tracking, Members who are not from the US cannot use Chime.
However, Chime Members can cash out anywhere in the world from any out-of-network ATM.
You are not 18 years old.
Some fintech companies, including Chime, require at least 18 years of age to open a bank account. While some other financial institutions do not factor in age as they offer teen banking coupled with their parent’s account. So, to open a Chime checking account, you must be at least 18 years old.
You miskeyed your information.
While filling in details, you have likely entered the wrong information or spelling. Ensure you fill in your correct SSN, address, D.O.B, name, and phone number. If your information is valid, Chime will approve your account in less than a minute.
Mismatched Physical address
Chime may verify your physical location to send a debit card while opening a bank account. So if your address is incorrect or you’re not living at the address you’ve mentioned, it may deny you.
As we know, Chime banking has no physical location to cash a check or reload money, so a debit card is required to manage your money.
Your Internet is Unstable.
If you encounter a session expired message while trying to create an account or access any page, the website session is expired. It occurs because the Internet was disconnected and reconnected again, causing the website to terminate its session or connection with the Internet.
To fix this issue, refresh the browser while connecting to the Internet. And make sure your internet is stable when opening a bank account or during any activity.
Requirements to open a Chime bank account?
Best of all, you can open a bank account online without dashing for a bank. However, like any other bank, you must verify your identity by submitting your ID and Social Security Number. On top of that, you’ve to verify your address by submitting your utility bills, College Enrollment Papers, Insurance card, or valid documents.
You don’t require any money in hand to open a bank account line with Chime, while some other financial institutions may demand an initial deposit fee of up to $25.
Why did Chime deny my spending account application?
You need a spending account to set up your direct deposit and get paid early, and Chime has a simple procedure to open a checking account. Chime uses third-party services to verify your identity. So if your information doesn’t meet the requirement, you may not be able to open a checking account with Chime.
If your application is being rejected repeatedly, even after providing all the necessary documents, you can contact the Chime support team. Maybe they’ll be able to help you.
Why did Chime deny my savings account?
Chime offers its customers an automatic savings account as an option with a checking account. An automatic savings account is a great option for saving money for a rainy day or making ends meet. Unfortunately, you can open a savings account without opening a checking account first. That said, if you’re not enrolled in the Chime checking account, you won’t be able to open a savings account too.
However, Enrolled users can opt for savings account anytime at their convenience.
Frequently Asked Questions (FAQs)
Why would chime not let me open an account?
You may be denied by Chime due to a few reasons. You are not at least 18 or older, you’re not a US citizen, your address is wrong or mismatched, and your personal information, such as your Social Security Number, is not valid. Contact the support team to resolve your problem if you follow all the guidelines and meet the requirements to open a Chime checking account.
Does Chime run a credit check for a Chime debit card?
Unlike other banks, Chime doesn’t need a credit check when you apply for a bank account. Also, it doesn’t clamor for any initial deposit or monthly fee to get you started. It just offers banking services for people who want early paychecks and to grow their savings.
Can I open a Chime Credit builder account without a checking account?
Chime credit builder account allows you to build your credit score for free. If you’re already a Chime banking user with a checking account, you can opt for a credit-builder account. Unfortunately, a checking account is required to open a Chime credit builder account.
So, Why would Chime deny you have already been answered? If you’ve further questions about this topic, you can submit us a query or reach out to Chime’s support team. To sum up, your Social Security Number is essential information you need to submit while filling out details to open a Checking account. Simply review your details, and make sure there is no mistake.