Why Chime Denied Me? Does Chime Do A Credit Check? Fix It

Chime is a new online banking system that the majority of people are using these days. Chime denied your account recently. And you’re wondering why Chime deny me and how you can resolve the situation.

There has been a huge surge in the use of online banking recently. About a third of the US population either already has or plans to open a bank account that can only be accessed via the Internet.
Chime is one of the most widely used online-only financial institutions, with over 13 million active customers.

Chime works with a number of different financial institutions to provide checking and savings accounts. Accounts are FDIC-insured, but the bank is not like your typical neighborhood bank. As a result, with a Chime account, your funds are protected by a $250,000 insurance cap.

Monthly, annual, and overdraft fees are completely free with Chime. No minimum balance is required, and you can save those spare pennies by rounding up your purchases to the nearest dollar. It’s a simple strategy for putting away $10,000 yearly.

Chime’s accessibility is exemplified by the simplicity of creating a new account. Confirm some basic information about yourself, and you’ll be all set! Chime simplifies banking on a mobile device. There are a few situations in which you may be refused a bank account, unfortunately. Many things can cause this to occur.

Why Chime Denied Me?

When you apply for a Chime bank account, there is a possibility that your application will not be approved. It is possible that the error was caused by a typo on your application, as this occurs more frequently than you might think.

Why Chime Denied Me?

It’s possible, for instance, that you entered your Social Security number (SSN) or some other personal information incorrectly. There is also the possibility that you already have an account with Chime, that you are under the age of 18, that you are not a citizen of the United States, or that there was a problem with the third-party verification.

We went over the application process in detail and how to fix it. Also, does Chime check your credit score before approving your account?

Why Would Chime Not Let Me Open An Account

Your application may be denied by Chime, though this is relatively rare. There could be a number of causes for this to occur. Even if you have a high-paying job and excellent credit, it can be difficult to understand.

Here are the six most common explanations for why Chime might not have accepted your application.

1. Incomplete or Incorrect Personal Data

To sign up for Chime, you’ll need to share some personal details with Chime, including your Social Security number. Identifying details like name, address, and contact info will be requested.

Take your time and enter the data correctly. You should double-check for typos after filling out the Chime new account application with your personal information. It’s possible that your application was declined by Chime because of a typo.

Always refer to yourself by your given name. Do not refer to people by their nicknames. Inconsistencies or inconsistencies in your application information may cause Chime to reject your submission.

2. Faked or Incorrect Social Security Number

Mistyping your Social Security number is a common cause for Chime’s rejection of applications. If you do not provide this information, the application cannot be processed because it is required by the IRS.

Chime won’t let you sign up for an account with a fake SSN generated by a third-party service.

Also true of equivalent online resources. If Chime discovers that you have used a fraudulent Social Security number, you may be permanently removed from the service.

Attempting to use a fake or computer-generated Social Security number is illegal and will not work.

3. Verification by a Third Party Failed

When it comes to verifying the personal information that you provided on your application, Chime relies on a third-party source.

In the event that the verification is unsuccessful, your application will be declined. Chime reports that a verification failure does not necessarily reflect your overall eligibility, despite the fact that it is possible for it to happen occasionally.

You can verify your identity with Chime using a driver’s license, passport, military ID, or any other form of official government identification.

4. Under-Age

To open a Chime bank account, you need to be at least 18 years old. Chime won’t accept your application if you can’t verify your age.

Therefore, you will be unable to register for an account. Chime isn’t the only place where minors aren’t allowed to open a bank account; federal law also prohibits them from doing so.

5. Non-US Citizen

The applicant needs to be a resident of the United States of America and a citizen of the country in addition to reaching the age of 18 years old. Your application will be rejected if you are unable to provide proof that you reside in the state.

6. Chime Account Already Exists

Chime keeps a record of your Social Security number associated with your account. Therefore, in the event that Chime discovers that another account using any of your personal information or SSN already exists within their system, they will promptly reject your application. You are not permitted to use the same name for two separate accounts on Chime.

How To Get Approved For A Chime Account?

If you want to improve your chances of having your application for a Chime account accepted, you need to ensure that you are in compliance with the eligibility requirements, which include the following items:

  • US Citizen
  • 18 years or Older Age
  • Do Not Have Existing Chime Account
  • If you have any questions, please contact Email support before applying.
  • If you require immediate assistance in opening a Chime account, contact phone support.
  • Make certain you receive a Rejection Notice in the mail or in writing in order to understand the reasons for account rejection.
How To Get Approved For A Chime Account?

You can find out what went wrong with your application and what you can do to fix it by requesting a “Rejection Notice” letter. Additionally, this ensures that your applications for checking and savings accounts at your neighborhood financial institution are accepted.

Does Chime Do A Credit Check?

No, Chime does not perform a credit check on prospective new account holders at this time. Chime does not report its customers’ financial activity to any of the major credit bureaus, either.

If you haven’t paid your Comcast, AT&T Uverse, or ADT bill in the past, your application for Chime won’t be denied based on your credit history because of this.

On the other hand, neither buying a car nor renting a car will assist you in constructing your credit history in any way.

Does Chime Use ChexSystems?

Chime does not check your account history with other financial institutions through ChexSystems. A Chime is a group of online-only banks that neither use ChexSystems nor conduct credit checks.

Acceptance of your account is based on the information provided at this time, not on any indiscretions in the past.

Bank records that have been flagged as negative by ChexSystems may be stored there for up to five years.

The vast majority of new Chime account requests are approved. Even if you have a low credit score or have been blacklisted by ChexSystems, you can still open a new account.

How To Get A New Chime Credit Builder Card?

In addition to helping you establish or improve your credit history, the Chime Credit Builder Card can be used just like a debit card for everyday purchases.

Chime EMV chip credit builder cards are available to those who have had at least $200 deposited directly into their account within the last calendar year. Put money into the account whenever you get a check, whether it’s a paycheck, tax refund, or refund from an online university.

To try out the Credit Builder Card, go to the Chime app’s Settings and tap the button labeled “Try Credit Builder.”

You can withdraw money from any of more than 60,000 ATMs without paying a fee when you use your card at places like Duane Reade, 7-11, Speedway, Walgreens, CVS, and Walmart. To withdraw either $10 or $100 from an ATM, there are no fees. Chime restricts daily withdrawals to $500.

Does Chime Approve Everyone?

Although signing up for Chime is simple, not everyone will be accepted. The most common causes of refusal to accept an application are often simple to address.

Some of the most common reasons for this are typos in your personal information or the existence of duplicate bank accounts or social security numbers.

However, if you are not a U.S. citizen or if you are under the age of 18, your account will be automatically deleted.

If you have any questions about why your application for a Chime checking or savings account was denied, you can always get in touch with customer service or ask for a rejection notice.

Support is available around the clock, every day of the week.

Wrap Up For Why Chime Deny Me

You now know the possible causes of why Chime denied you and the solutions to those causes. They don’t sell or share your information with third-party organizations like ChexSystems because they value your right to privacy and security.

Most of the time, incorrect personal information or your SSN number will result in the denial of your Chime account. As a result, always double-check the information you enter in your Chime account opening application.

Further Read:

  1. Where Can You Load Your Chime Card and How To Do It
  2. What Is Chime Bank Name and Address For Direct Deposit
  3. What are Chime Direct Deposit Limits
  4. How To Transfer Money From Chime To Bank
  5. Does Chime Work with Zelle