Can i load money on my chime card at walgreens

Chime customers can now deposit cash at Walgreens locations around the country, the FinTech announced Monday (Dec. 13). 

This service is available at more than 8,500 Walgreens at no fee. The company noted that 78% of Americans live near a Walgreens location. 

Read more: Chime Now Valued At $25B, Nearing Revolut’s $33B Valuation 

“We know having access to a physical location for cash deposits is important to our members, and until recently, the options have been limited,” said Chime Co-founder and CEO Chris Britt.

Chime’s valuation swelled to about $25 billion in August following a $750 million fundraising round, setting the table for a possible IPO. 

Often referred to as a “neo-bank” or “non-bank,” Chime routinely tops PYMNTS’ list of best banking apps.

Read more: Latest Digital Banking App Provider Ranking Deposits Valuable New Information 

The company earlier this year was forced to drop the term “bank” from its URL and marketing materials to appease the California Department of Financial Protection and Innovation. 

“We’re more like a consumer software company than a bank … It’s more a transaction-based, processing-based business model that is highly predictable, highly recurring and highly profitable,” Britt said at the time. 

Nevertheless, Chime still offers many banking adjacent services, such as debit cards, spending accounts and savings accounts. 

Read more: Walmart Adds Bill Payment Service VanillaDirect to Stores 

It’s also among several nonbanks entering the world of consumer finance. Walmart, for example, recently launched a way for customers to pay bills with cash and to fund prepaid accounts through partnerships with InComm Payments and the VanillaDirect financial network.  

As PYMNTS reported in October, this service gives customer access to more than 15,000 billers and account providers in the utility, telecom, tolling, banking, rental and insurance sectors. 

Can i load money on my chime card at walgreens

How Consumers Pay Online With Stored Credentials
Convenience drives some consumers to store their payment credentials with merchants, while security concerns give other customers pause. For “How We Pay Digitally: Stored Credentials Edition,” a collaboration with Amazon Web Services, PYMNTS surveyed 2,102 U.S. consumers to analyze consumers’ dilemma and reveal how merchants can win over holdouts.

Can i load money on my chime card at walgreens

Photographer: David Paul Morris/Bloomberg

December 13, 2021, 2:00 PM UTC

Financial-technology firm Chime said customers can now deposit cash at more than 8,500 Walgreens Boots Alliance Inc. locations, another example of non-banks pushing deeper into consumer finance.

Users of Chime accounts won’t have to pay any fees for the service, the San Francisco-based company said in a statement Monday. The firm, which partners with banks to offer checking accounts and other financial services, said about 78% of the U.S. population lives near a Walgreens location.

What is Chime?

Chime is an American financial technology company that offers fee-free mobile banking services. The majority of Chime’s revenue comes from the collection of interchange fees. To be clear, the chime is not a bank, it is financial technology. Can I load my chime card at Walgreens? – let’s know.

Can i load money on my chime card at walgreens

How is a chime debit card different from other prepaid cards?

Chime debit cards: –

  • Chime members can get paid 3-4 days early with direct deposit, and they can also set up automatic savings of a percentage of each paycheck. That’s correct.  Chime helps you get paid faster and save money.
  • You can immediately disable your Chime debit card if your debit card is lost or stolen, you can cancel all transactions directly from the app.
  • Chime sends you transaction alerts in real-time. This way, you can always stay alert about all the transactions and your finances.
  • Chime requires two-factor authentication which is a great security feature.
  • Chime leaves your savings alone. It is not connected to your savings account.
  • There are no hidden fees involved

Prepaid cards: –

  • Most of the prepaid cards charge a certain amount of fees. It could be a transaction fee, withdrawal fee, or any other service.
  • The prepaid cards do not offer the features that Chime does. Chime offers features like “Automatic Savings” and “Pay Friends”. The “Automatic Savings” feature enables you to save your money and the “Pay Friend” feature has made transferring money to friends and family very easy.
  • Prepaid cards are connected to your savings accounts.
  • Prepaid cards are widely exposed to frauds and the security is not too tight.

Now that you have made up your mind to make a switch and get a Chime card yourself, let’s see how and where you can load your chime card.

Steps to load your Chime card

  1. The chime cards can be loaded at some stores and locations. Reach the required store or location.
  2. The card will be loaded at the store’s cash counter so reach the cash counter.
  3. Give the person in charge at the counter your Chime card to load it.
  4. Now you must pay the amount you want to be loaded in your card in cash. This point varies from location to location. Some centers may also accept debit or credit cards.
  5. After certain steps and procedures, you will get your card back loaded with the amount you paid.

Can I load my chime card at Walgreens?

Yes, you can load your chime card at Walgreens. Walgreens is one of the largest pharmacy chains typically widespread across the United States.

You can also load your chime card at:-

  • Walmart
  • Speedway
  • Dollar General
  • Royal Farms
  • 7-Eleven
  • CVS

Does Chime charge card reloading fees?

The card loading fees depend upon the store and location you wish to load your Chime Card. At some locations, you are not charged any loading fees. Like at Walgreens, loading your Chime card is free whereas, at some places like Walmart, you are charged a loading fee of $4 or $5. 

Conclusion

Having a chime card is utterly safe and easy to use. It is the new financial technology that has made our money transfer experience delightful. Loading a Chime card is very easy and can be done at certain stores and locations. You must do the required research if you do not want to pay any loading fees to load your chime card. Walgreens is a great option to load your chime card for free.

Q1 Chime is a prepaid card?

Chime is not like the regular prepaid card.  Chime is like a Spending Account. With Chime, you get a spending account with its card and the option to open a Savings Account. A debit card from Chime is linked to your bank account, whereas a prepaid card is not.

When you use your Chime debit card to make a purchase, the funds are deducted from your Spending Account. The regular prepaid cards have to be funded before making payments and are not linked to any other account. Generally, you can use your prepaid card until the funds on it run out.

Q2 Are there any banks that also allow loading chime cards? If yes, then how?

Some banks also allow you to make the transfer to load your Chime card. Some banks like: –

  • U.S. Bank
  • PNC Bank
  • Bank of America
  • Citibank
  • Capital one
  • USAA
  • Navy Federal
  • TD Bank
  • Chase

If you have an account in the above-mentioned banks, then you can also load your Chime card through your account. You can make these transactions while sitting at home. All you need to do is login into your Chime account in the app and select “Transfer” and “Move Money” to make the transfer from your bank account to your chime account.

How much can I load on my Chime card at Walgreens?

Yep, it's that easy. You could do this all day. Well, to be clear, you can add up to 3 per day, $1,000.00 per load; $1,000.00 per day; $10,000.00 per calendar month (subject to any retailer imposed limits).

Where can I load Chime for free?

While Chime does not accept deposits of any kind at ATMs, you can deposit cash into your Chime Checking Account fee-free at more than 8,500 Walgreens and Duane Reade locations. Here's how it works: Ask the cashier to make a deposit to your Chime account at the register (they might refer to this as a "cash reload").

Where can I deposit money on a Chime card?

You can deposit cash into your Chime Checking Account at over 90,000 retail locations with our cash deposit partners..
Walmart..
7-Eleven..
Speedway..
Dollar General..
Family Dollar..
Rite Aid..
Pilot Travel Centers (Pilot Flying J).

Can I deposit cash into my Chime account at an ATM?

Unfortunately, we're unable to accept deposits of any kind from an ATM. You can deposit cash to your Chime Checking Account at over 60,000 retail locations with GreenDot. Simply ask the cashier to add cash directly to your Chime Checking Account at the register.