Ever found yourself juggling between your Chime and PayPal accounts, wishing there was a seamless way to link the two?
To add money from PayPal to Chime account, log into Chime to get your routing and account numbers. Visit your PayPal account, go to “Wallet,” and link your Chime account using those details. Finally, transfer from PayPal to your Chime account by selecting the linked bank option.
Key Takeaways:
- Chime and PayPal can be used together for easy and efficient transactions
- Sending money from Chime to PayPal and vice versa is straightforward
- Utilizing an external bank account and Chime debit card can enhance your transaction experience
- It’s important to be aware of transfer limits and potential fees
- Alternative options for transferring money between PayPal and Chime exist
| Service | Fees | Limits |
|---|---|---|
| Chime Spending Limit | Daily spending limit varies; reported limits range from $2,500 to $10,000 based on user history. | Daily limit: $2,500 – $10,000 |
| Users have reported being able to spend up to $8,000 in one transaction with verification. | Transaction limits may vary by merchant. | |
| PayPal Domestic Fees | Standard rate: 2.99% + fixed fee (varies by currency). | No specific limits on transactions. |
| QR code transactions: 1.90% for amounts over $10.01; 2.40% for amounts $10 or less. | ||
| PayPal International Fees | Additional 5% fee for international personal transactions; minimum fee of $0.99, maximum of $4.99. | No specific limits on transactions. |
| Commercial transactions: 3.49% + fixed fee (varies by currency). | ||
| PayPal Instant Transfer | Fee: 1.75% of the withdrawal amount, plus a flat fee of $0.25 – $25. | Up to $5,000 per transaction; daily limit of $5,000; monthly limit of $15,000 for card transfers; $25,000 for bank transfers. |
Linking Your Chime Account to PayPal
To get started, follow these simple steps:
- Log in to your PayPal account using your login credentials
- Navigate to “Wallet” and click on “Link a bank or card”
- Select “Link a bank account”, then enter your Chime routing and account number when prompted
- Review the information and click “Agree and Link”
How to Add Money from PayPal to Chime Account?
- Log into Your Chime Account
- Click on “Move Money”
- Open Your PayPal Account
- Link Your Chime Account to PayPal
- Click on “Wallet” at the top menu.
- Select “Link a bank or card.”
- Choose “Link a bank account.
- Enter your Chime routing number and account number that you obtained earlier.
- Review the details and click “Agree and Link” to complete the process.
- Transfer Funds from PayPal to Chime
- Go back to your PayPal account.
- Click on “Transfer” or “Send & Request.”
- Select the option to transfer money to your linked bank account (your Chime account).
- Enter the amount you wish to transfer, then confirm the transaction.
- Verify the Transfer
Check your Chime account after a few minutes (or up to 3 business days, depending on the transfer method) to ensure that the funds have been deposited successfully.
Step 1: Log into Your Chime Account
Open your Chime app or log in via your desktop browser. Make sure you’re using a secure connection.
Step 2: Access Your PayPal Account
Open a new tab and navigate to PayPal’s login page. Enter your credentials to log in.
Step 3: Head to the “Wallet” Section
Click on the “Wallet” tab at the top of the page.
Step 4: Initiate the Transfer
Look for the “Transfer Money” option within the Wallet. Click on it and then choose “Transfer to your bank.
Step 5: Select Your Chime Account
From the list of linked bank accounts, select your Chime account as the destination for the transfer.
Step 6: Enter Transfer Amount
Enter the amount you wish to transfer from PayPal to Chime. Confirm the amount and proceed.
Step 7: Review and Confirm
Before finishing the transfer, you’ll be shown a summary. Review it carefully for any fees or conversion rates, if applicable.
Take a screenshot of the summary for your records. It’s always good to have a paper trail.
Step 8: Complete the Transfer
- Once you’re satisfied with the details, click “Transfer Now” to initiate the process.
- Note down the transaction ID and the estimated time of arrival for the funds in your Chime account.
Using a Linked Bank Account for Transfers
A linked bank account is one of the easiest ways to transfer funds from Chime to PayPal.
To link your bank account to Chime directly, follow these simple steps:
- Login to your Chime account and navigate to the “Move Money” section.
- Select “Transfers” and click on “Settings” to add a new external account.
- Enter your bank account information and verify your account through the micro-transactions process.
Once you have linked your bank account to Chime, you can easily link it to your PayPal account as well.
- Login to your PayPal account and click on “Wallet.”
- Select “Link a bank or card” and enter your bank account information.
- PayPal will then make two small deposits into your account, which you will need to verify to complete the process.
Once your bank account is linked to both Chime and PayPal, you can initiate transfers between the two accounts by selecting the corresponding bank account as the funding source or destination.
This method is particularly useful for transferring large amounts of money quickly without incurring additional fees.
Chime Card for PayPal Transactions
If you prefer to use your Chime debit card for PayPal transactions, it’s easy to link the two accounts. Simply follow these steps:
- Log in to your PayPal account and go to the Wallet section.
- Select “Link a debit or credit card” and enter your Chime debit card information.
- PayPal may ask you to confirm your card by providing the security code (CVV) and verifying your billing address.
- Once your Chime debit card is linked to your PayPal account, you can use it to make purchases or send funds from your PayPal balance.
Transfer Limits and Fees
There are no fees associated with sending money between Chime and PayPal. But, there are a few exceptions to keep in mind.
For example, if you’re using a linked bank account to transfer funds, your bank may charge a fee for the transaction.
Similarly, if you’re using your Chime debit card to withdraw money from your PayPal account, you may incur a fee from PayPal.
Overall, however, the vast majority of Chime and PayPal users should be able to transfer money between accounts without paying any fees.
