Chime is a popular online-only fintech that offers banking services without most fees. If you bank with Chime and looking to link your Chime bank account with another app via Plaid, you may face the question-What Bank is Chime on Plaid.
Plaid service allows you to link a bank account with financial apps. However, you also have non-traditional bank accounts like the ones offered by Chime. Chime is not a bank in itself, but a technology company that offers banking services through its banking partners-The Bancorp Bank or Strides Bank
So does Chime work with Plaid and what bank is Chime on Plaid ?
In a nutshell, Chime does work with Plaid and you can find it on Plaid by directly running a search with “Chime” and don’t need to use the bank partner name for the search, while linking through Plaid.
In fact, Chime itself uses Plaid whenever you want to link an external bank account with Chime.
Let’s see further on how to link your Chime account through Plaid.
What bank is Chime on Plaid? Chime Bank Name for Plaid
Chime is a financial technology company that offers services through its banking partners – The Bancorp Bank or Strides Bank, N.A. However, on Plaid, you can find Chime Bank simply by typing “Chime” in the search bar and need not use the bank partner name, associated with your Chime Account.
To link your Chime account through Plaid, you need to enter the login credentials – username and password for your Chime account.
If you are interested, you can check the back of the Chime debit card to find the specific bank name for your Chime account.
How to Link Your Chime Account in Plaid
- When linking your Chime Bank Account, search Chime in Plaid
- When prompted, enter username and password associated with Chime Account
- It may prompt you to enter phone number (with or without dashes) and a 7 digit code will be sent via SMS
- Enter this code and follow the steps
Using Chime without Plaid
If you choose to link your Chime bank account without using Plaid, this is possible in many services. Many users are vary of sharing their bank login details with a third party service like Plaid.
There are actually two ways to connect your bank account, without Plaid. But this may not be available on all apps.
Many financial apps including Cash App, Venmo, Robinhood etc. allow you to link your bank account manually, besides the option to link through Plaid.
This works by using the routing number and account number of your bank account and verification is usually done by way of two micro deposits to your account, which your need to confirm. Do note that this is a more time taking process as it can take up to two business days on some apps.
Let’s see this in detail, how this works.
Use Routing Number and Account Number to manually link your Chime Bank Account–
For this, you need to get the routing number and account number details for your Chime
To access these details, follow the steps below:
- Open the Chime mobile app and login
- Next go to Settings (gear icon on the top left)
- Scroll down to the “Account Information” section from the list of options
- You will be able to find your Routing Number as well as your Account Number
When you choose to link a bank account manually, there is a test transfer (usually by way of 2 micro deposits) to your bank account for verification purpose. This transfer can take up to two business days (48 hours) for many apps.
Using Chime Debit Card-
Many services also allow you to link a debit card in addition to linking a bank account. Using this option, you just need to enter the relevant details of your Chime Bank debit card like number, expiry date etc. to enable linking your bank account.
Does Chime Work With Plaid
Yes, Chime is compatible with Plaid service and you can link your Chime account on any of the Plaid supported financial apps, using the login credentials of your Chime account..
You can also link external bank accounts to your Chime App using Plaid services.
Benefits of Chime
Linking your Chime bank Account via Plaid, you can connect Chime with more than 6000 fintechs, that are on Plaid network
You can link your Chime Account with external bank accounts through Plaid services.
If you have accounts that offer connections through Plaid, you’ll now see Chime on the list and can link accounts from there.
These services that enable connecting your Chime bank account through Plaid include:
- Connect Chime with peer to peer payment applications like Cash App, Venmo or PayPal
- Depositing funds from Chime into another bank
- Connecting Chime to Cash Advance Apps like Dave etc.
- Connecting Chime to a personal financial apps to manage and track finances, budgets, bills, and investments
- Applying for Credit Cards and other offers
So you don’t need to enter the bank name and can find Chime on Plaid running a direct search with “Chime” as the bank name. You can link Chime with the increasing number of payment and financial apps that use Plaid. Alternatively, you still have the option to link Current account manually or using debit card associated with your Chime account.