Chime Bank $100 Referral Bonus – Step-By-Step Guide

If you’re looking for an easy way to get extra cash, you should check out the Chime Bank $100 Referral Bonus. 

All you have to do is refer a friend; they will get $50 when they open an account.

Plus, when your friend starts using their new Chime Bank account, you’ll also get a bonus of $50! Not too shabby, huh?

Sounds incredible and relatively simple. Well, it can be — but if you’re new to the banking world, sometimes it’s hard to know precisely how to get that referral bonus! 

No worries, though — I’m here to help. In this post, I will walk you through the step-by-step process of getting your referral bonus from Chime Bank. 

So let’s get started!

What is Chime Bank?

Chime Bank is an online bank that offers the same services as a traditional bank– including checking and savings accounts, debit cards, and direct deposit– without the hefty fees. 

Plus, when you open an account with Chime, you can refer your friends and family to rack up $100 in referral bonuses.

So what does this mean for you? With Chime Bank’s checking account, you won’t have to worry about overdraft or maintenance fees. 

Plus, your direct deposits go two days earlier than with traditional banks! That means no more waiting for your paycheck to hit your account.

On top of that, their savings accounts have generous rate tiers that can help you build up your savings faster. 

And when it comes to referring friends and family to Chime Bank, the rewards are second to none. 

Each person you refer will get $50 deposited into their account when they sign up– and so will you!

Refer five people, and you’ll earn $100 in bonus cash – it doesn’t get any easier than that!

What Are the Eligibility Requirements for a Chime Bank $100 Referral Bonus?

You need to meet a few eligibility requirements when getting your Chime Bank $100 Referral Bonus. 

Lucky for you, they’re pretty easy!

Age Requirement

The minimum age requirement is 18 years old, so if you’re younger than that, you won’t be able to take advantage of this offer.

Citizenship/Residency Requirement

The second requirement is that you have to be a U.S. citizen or a resident of the United States. Sorry, international readers!

Account Holding Requirements

The account holding requirements are next to consider when signing up for the Chime Bank $100 Referral Bonus. 

You’ll need to open a new Chime Spending Account (you can’t use an existing one) and use promo code REF*** around signing up for your account to qualify for the bonus. 

Lastly, once your account is open and funded with at least $200 via direct deposit within 45 days of account opening, your bonus will be applied within 14 days. Easy as that!

How to Get a Chime Bank Referral Bonus

Getting a $100 referral bonus from Chime Bank is easy. Just follow these simple steps:

Create an Account

First, you need to sign up for a Chime Bank account. This involves providing some basic information, like your name and address.

You’ll also need to link a bank account to the account so you can transfer money in and out of it.

Refer Friends

Once your account is set up, you can start referring your friends by sharing your unique link with them or sending code invitations by email. 

There’s no limit to how many friends you can refer, so spread the news far and wide!

Earn Your Bonus

When someone you’ve referred opens an account with Chime Bank and activates their debit card, both of you will get a $100 bonus deposited right into your accounts. That’s all there is to it!

Benefits of a Chime Bank Account

Having a Chime Bank account comes with plenty of great benefits. Here are some of the perks of signing up for a Chime Bank account:

No Monthly Service Fees

The best part about signing up for a Chime Bank account is that you won’t ever have to worry about paying any monthly fees. 

You can keep your hard-earned money in your pocket, not in the bank’s pocket. That’s something worth celebrating!

Free ATMs Worldwide

Not only do you get free access to over 38,000 MoneyPass and Visa Plus Alliance ATMs in the US, but with Chime Bank, you also get free access to over 55,000 fee-free ATMs worldwide. 

So if you’re traveling abroad or just exploring the country on vacation, you know you’ve got access to free withdrawals.

Automatic Savings Program

Chime Bank also offers an automatic savings program called “Save when you Spend” that helps you save money without thinking about it. 

Every time you purchase with your Chime card, 10% of that purchase is automatically transferred into your savings account! This makes saving simple and stress-free.

Get Paid Early

Another great perk of having a Chime Bank account is getting paid up to two days early with Direct Deposit. 

Instead of waiting for payday like everyone else, Direct Deposit from your employer or benefits provider into your Chime Spending Account. 

You can access your money sooner at no extra cost. That’s something worth taking advantage of!

Things to Look Out for With Your Chime Account

As with all banks, there are a few things you need to be aware of when opening a Chime account. 

Here are a few things to look out for.

Spending Limits

Limits may apply to how much you can spend on your account or the number of transactions you can make, so check the limits before making any significant purchases.

Fees

Chime does not charge overdraft fees, but some fees, such as ATM, foreign transaction, and insufficient funds fees, may still apply. 

Read the terms and conditions to understand what fees may be applied.

Security Protocols

When logging in, Chime implements industry-standard security protocols such as SSL encryption and two-factor authentication. 

Additionally, they use advanced fraud protection technology to monitor account activity and detect suspicious activity.

The last thing you want is for your account to close due to unauthorized activity suddenly. Keep your account secure by avoiding phishing scams and other malicious activities.

Factor 75 Refer a Friend

Are you looking for an easy way to earn an extra $100? Chime Bank’s referral program is an excellent way to do just that. 

Through their Refer-a-Friend program, you can get a $75 bonus for each friend you refer who opens an account and another $25 when that friend completes a qualifying transaction.

Here’s how it works: 

Refer your friend to Chime Bank using your unique referral link. 

Once they open their account and make a qualifying purchase or direct deposit of at least $200 within 45 days, you’ll receive a $75 referral bonus in your Chime Spending Account. 

Then, once they’ve made at least five qualifying purchases of any amount with their debit card within 60 days, you get another $25!

It’s that easy! If you have friends looking for a bank with no hidden fees and powerful budgeting tools, why not refer them to Chime Bank? 

You’ll both benefit: you’ll get your referral bonus, while they will gain access to all the great features Chime Bank offers.

Frequently Asked Questions About the Chime Bank $100 Referral Bonus

Chime Bank’s $100 referral bonus is a great way to get extra cash without doing the extra work. 

But before you start referring your friends and family to Chime, here are some common questions you might have.

How do I qualify for the $100 bonus?

To qualify, both parties must have a qualifying direct deposit of at least $200 within 45 days of account opening. The person who referred them must also have an existing Chime Bank account.

How long does it take to get my referral bonus?

The bonus is typically received within 7-10 business days after the qualifying direct deposit post to your account.

Are there any other restrictions for the bonus?

Yes, there are a few restrictions:

1. Referrals cannot be made using third-party sites like Craigslist or eBay.
2. Only one person can receive a referral bonus per user referred.
3. Bonuses are not available to persons who have previously held a Chime Bank account.
4. Bonuses are not transferable and may not be redeemed for cash or other compensation from Chime Bank or its affiliates.

Conclusion

Chime Bank’s referral bonus is a great way to encourage you and your friends to take advantage of Chime Bank’s digital banking services. 

Following the simple step-by-step guide outlined in this article, you can easily take advantage of Chime Bank’s referral bonus and access all their digital banking services, plus a $100 bonus added to your account.

Before you and your friends sign up, familiarize yourselves with the fees and requirements of setting up a Chime Bank account. 

With a range of features and a generous bonus offer, Chime Bank can be an excellent option for those seeking an alternative to their banking needs.