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Written by Ryan Scribner on January 29, 2024
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How To Transfer Money From Cash App To Chime 2024

In the digital age, financial apps have made our lives more convenient than ever before.

Two popular platforms, Cash App and Chime, allow users to easily send and receive money.

You can send money from Cash App to Chime, and there are two methods to do so: the direct method and the indirect method.

In this article, we'll walk you through the process of transferring funds between these two platforms.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

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Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

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Direct vs Indirect Method

  • The direct method involves adding your Chime account directly to your Cash App account via Plaid. This way, you can transfer money between them seamlessly.
  • The indirect method requires using a linked bank account as an intermediary. You'll transfer money from Cash App to your linked bank account first and then from there to your Chime account.

Plaid Connection (Direct Method)

Cash App has partnered with Plaid to facilitate connections between their app and thousands of financial institutions.

Simply add a new bank account within the Cash App, and follow these steps:

  1. Search for or select your financial institution.
  2. Enter your credentials to authenticate your financial accounts.
  3. Complete a security verification step.
  4. If prompted, select the financial accounts you want to connect.
  5. Complete the connection to your preferred application.

This will give you a direct connection between Cash App and Chime.

Bank Account Intermediary (Indirect Method)

Should you have any issues with the direct method of linking with Plaid, you can consider this option.

This will involve moving your money from Cash App to a different bank account you own, and then moving the money from there to Chime.

1. Add Your Bank Account to Cash App

Before initiating a transfer, ensure you have a linked bank account on Cash App.

To do this, you'll need your bank account's routing and account numbers.

2. Initiate a Withdrawal to Your Linked Bank Account

To cash out funds from your Cash App to your bank account, follow these steps:

  1. Open your Cash App and navigate to the "Balance" tab on your home screen.
  2. Tap "Cash Out."
  3. Enter the amount you wish to withdraw.
  4. Click "Cash Out" to begin the withdrawal process.

Keep in mind that it may take one to three days for the withdrawal to reflect in your bank account.

Be patient and wait until the funds are available in your bank account before proceeding to transfer them to your Chime account.

3. Transfer Money from Your Linked Bank Account to Chime

Once the funds are available in your linked bank account, you can transfer them to your Chime account through the app.

Final Thoughts

The time it takes to complete a transfer from Cash App to Chime varies depending on the method you choose.

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money. In recent years, Ryan has become an angel investor across numerous startups. This includes fintech platforms such as Yotta, Mesh Connect and Commonstock - recently acquired by Yahoo Finance. Beyond that, Ryan has equity investments in a veteran-led cybersecurity company Netrise, as well as Beacons - an all-in-one builder tool for creators. Today, Scribner lives in South Florida - teaching others how to build wealth and “semi-retire,” without sacrificing your life to a 9-to-5.

Read more

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