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Written by Sam Pennington on November 9, 2023
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How To Transfer Money From PayPal To Chime 2024

Sending money from your PayPal account to your Chime account is a straightforward process that allows you to easily manage your finances.

With a few simple steps, you can ensure that your funds are seamlessly transferred from one platform to another.

This article will walk you through the process in a detailed and simple-to-understand manner.

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.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

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.

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth $5 To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo5 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More

Transferring Your Money

You will need both a Chime account and a PayPal account to initiate the transfer.

All you have to do is link your Chime account to PayPal and initiate the transfer within the PayPal app.

1. Gather Your Chime Account Information

In order to link your Chime bank account with PayPal, you will need your Chime account login information.

This will allow you to securely link your bank account to PayPal via Plaid.

As an alternative method, you can link your Chime bank account to PayPal by providing your Chime account and routing number. After that, you will have to verify temporary deposits made to your account.

Since the Plaid method is instant, this is the preferred method for most.

2. Link Your Chime Account To PayPal

After gathering the necessary Chime Account details, proceed to your PayPal account.

Navigate to the 'Pay & Get Paid' menu and select the 'Wallet' option. From there, you can add your Chime account as a bank account within PayPal.

At this point, you can either link your bank account instantaneously via Plaid, or opt for the small deposit verification method.

3. Transfer Money From PayPal To Chime

At this point, your Chime bank account is successfully linked to PayPal. You can now initiate a transfer of your funds within PayPal to Chime.

Here's how to do this:

  1. Log in to your PayPal account.
  2. Go to the "Wallet" section.
  3. Click "Transfer Money."
  4. Select "Transfer to your bank."
  5. Choose your newly linked Chime account as the destination.
  6. Enter the amount you want to transfer and review the details.
  7. Click "Transfer."

There may be an instant or standard transfer option. Be sure to consider any potential fees associated with an instant transfer.

Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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