Chime is a financial technology and mobile banking app. It takes care of basic banking transactions on a completely online basis. You can send and receive money and pay for goods and services with it. You can even grow your savings automatically in a special account. It also offers advance deposits to cover your monthly paychecks about two days before their estimated arrival. In this article, we’ll take a closer look at the application and the steps you can take to view pending deposits.
What Is Chime?
Chime is a money management and financial technology app. It offers credit and checking accounts without monthly or foreign transaction fees. Similar to other fintech applications, all of Chime’s services are manageable and accessible through mobile and web-based platforms. This removes the need for any face-to-face transactions in the bank setting.
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Chime also offers a new and unique financial product called early direct deposits. An early direct deposit allows users with regular paychecks to access the equivalent of their money two days in advance. It’s like an early paycheck that the bank advances and then recovers from your paycheck. Not to mention, the company also offers its very own credit card for users to purchase goods and services.
The company also offers savings roundups and overdraft protection. Savings roundups are when small amounts from your transactions into a savings or investment account. They also offer overdraft protection of up to USD 200. Overdraft protection is a special service that protects against the situation of non-sufficient funds (NSF).
Does Chime Show Pending Deposits?
As mentioned, the direct deposit feature is one of Chime’s more unique and interesting features. These direct deposits are conducted directly into a bank account instead of through a physical paper or check. This way, users can send and receive deposits directly without leaving the application.
Normally, deposits made to your account simply reflect on the dashboard once they have been processed. The same goes for deposits that you make from your account towards an external account. However, the process doesn’t always go smoothly. Sometimes incoming deposits are held up due to various reasons.
That being said, Chime makes sure to ease the wait for pending deposits by adding a feature on the app that users can tap into. Pending deposits could mean two different things. It could mean money that is still in the process of being completed. However, the funds are still not available in your account. It could also mean that the money has been deposited in your account but is not authorized for release.
Either way, the pending deposits feature on the Chime application is particularly useful for instances when you expect money to be paid to your account. It may come in handy when you want to know exactly when the money is finally deposited into your account.
How to Show Pending Deposits on Chime
Checking your deposits’ status on Chime is possible through a special feature. Luckily, there are two ways that you can do it. The first way is to check the monthly statement of your Chime account, and the other is to contact Chime’s customer service directly. Let’s take a look at the different steps for each:
Check the Pending Payments Feature of the App
Chime includes information about pending information right through the main screen of the app. Here are the steps to check the status of all pending payments:
- From your phone’s home screen, click on the Chime app and sign in with your information.
- To view pending transactions, click on the account balance. Afterward, select “Pending” underneath the amount indicated.
- Alternatively, you should be able to see a blue or black bar on top to indicate the status of the transaction. Check for the color of the amount. Take note of the color indicators for the status:
- The green color means the transaction was completed and received.
- The black color means that the money was paid and debited.
- The grey color means that the transaction is still pending.
- The main dashboard will reflect a completed status and green color once the transaction has been completed.
Contact Chime’s Customer Service Directly
Some may have deposited money into an external account to pay for a good or service. Any transaction that you make should reflect on the app within two business days. Any longer than that, and you may need to contact customer service to check the transaction. There are two ways to get in touch with Chime. You can call them directly through their customer service hotline (1-844-244-6363). Alternatively, you can send them an email regarding their request ([email protected]).
However, note that you will need to provide the date of the transaction (when you made the deposit) and the merchant involved in the transaction. Request the bank to assist you by providing the status of the specific transaction to simplify the process as much as possible.
How to Cancel Pending Deposits on Chime
Mobile banking apps are great and all, but they don’t always manage to deliver as expected. The same is true for Chime, as the app can sometimes fail to deliver deposits on time as expected. This may be due to a variety of factors, including a bug in the Chime program and poor internet connectivity. These same factors may affect the performance even in other financial applications such as Venmo. If you are using the app, look at the possible reasons for Venmo payments declining and what you can do about it.
Suppose a transaction fails to come through after a few days. In that case, you may want to consider disabling the transaction to prevent further problems. Here are the steps:
- Open the Chime app through your phone and PC and enter your log-in information.
- Head over to the app’s “Settings” section.
- Navigate to the section called “Security.”
- Select the “Chime card transaction” option from the pop-up menu. Afterward, tap on the “Turn off” option to discontinue the transaction.
Does Chime Show Pending Deposits? Final Thoughts
This concludes our helpful guide on canceling pending deposits on the mobile banking app Chime. While not as comprehensive as other banking apps, it is reliable for day-to-day transactions. These include things like depositing your paycheck and paying your bills. But the top unique value proposition relates to the ability to manage direct pending deposits.
However, anyone who wants to check the status of pending deposits would need to know how to check it. Unfortunately, direct deposits may not always come through due to the many technical factors that affect them. That said, knowing how to show pending deposits on the application may prove very useful in the long term.
If you are interested in trying more comprehensive solutions, take a look at this list of the best budgeting apps to help you be smarter with money.