Earnin Vs Chime

Earnin vs Chime: Which App Covers Your Overdraft Better?

⚡ Earnin and Chime are both financial apps, but they serve different purposes. Earnin lets you access your paycheck before payday without fees or interest, but asks for a tip. Chime, on the other hand, is a mobile banking app that can advance you up to $200 on your paycheck with no overdraft fees. However, Earnin currently doesn't support Chime users.

Are you puzzled about which cash advance app to choose between Earnin and Chime? I can relate. Having been in such a situation, I delved into researching both apps and discovered some astonishing facts.

In this article, we’re going to dissect the pros and cons of each app, its standout features, compatibility with financial accounts, and much more. Intrigued? Let’s dive right in!

📢 Key Takeaways
Short on time? Here’s what you need to understand from this article:
  • Earnin and Chime are both popular cash advance apps, but their features and offerings cater to different financial needs.
  • Earnin stands out with its unique approach to lending, operating on a tipping system and offering interest-free cash advances based on tracked earnings.
  • Chime offers comprehensive online banking services alongside its cash advance feature called SpotMe, which provides up to $200 overdraft protection without any fees.
  • Factors such as cash advance limits, fees, compatibility with other accounts, transfer speed, and user experience should be considered when choosing between Earnin and Chime.

Which Is Better, Earnin Or Chime?

Which Is Better, Earnin Or Chime?

Deciding between Earnin and Chime largely hinges on your individual financial needs. If you’re looking for straightforward access to your paycheck ahead of the traditional pay cycle, Earnin is an excellent choice.

This cash advance app provides a flexible option for early payday access and operates on a tipping system, eliminating high-interest rates that are often associated with payday loans. However, it’s worth noting that tips can accumulate over time.

On the other hand, if you’re after comprehensive online banking services coupled with cash advance features, Chime has much to offer. Chime loans don’t exist; however, its ‘SpotMe’ feature provides up to $200 overdraft protection for specific transactions without any penalty fees. This can be a lifeline when faced with unpredicted expenses or tight budget periods.

Plus, it steps up by offering no monthly, overdraft, or international transaction fees – ensuring transparency in its dealings. Combine these advantages with seamless integration when using Earnin alongside Chime, and centralized financial management becomes effortless.

What Makes Earnin Standout

Earnin stands out in the cash advance app market due to its unique approach to lending and its user-friendly features.

How Earnin Works

Stepping into the world of cash advance apps, Earnin is set apart with its unique operating model. To start, you have to download the Earnin app and create an account providing necessary information, such as your work details and bank account. For eligibility verification, you need to connect your checking account through Plaid, a financial technology company which helps in secure linking.

  1. You earn money: As you put in hours at work, Earnin keeps track of what you’re earning.
  2. You can borrow: Based on your tracked earnings info and regular income deposits, you can borrow up to $100 per day or up to $750 in a pay period.
  3. Instant cash advance: If in need of immediate funds, once approved, you can receive an instant cash advance transferred directly into your bank account.
  4. Repay when you get paid: When your paycheck hits your account, Earnin automatically debits the borrowed amount plus any tips you choose to leave.
  5. Avoid overdraft fees: With its Balance Shield feature, when your bank account falls below a certain amount ($100 by default), Earnin automatically sends a $100 cash advance to prevent potential overdraft charges.
  6. Get emergency cash: Even for unexpected expenses or to cover a financial gap before payday arrives, making use of the fast transfer speed available on Earnin allows timely access to funds.

Pros & Cons Of Earnin

As one of the most innovative cash advance apps, Earnin has its distinct benefits and drawbacks. Let’s dive into the specifics:

Earnin provides advances of up to $750 per pay period, which is one of the highest limits in the industry.While Earnin offers a high cash advance limit, it relies on the user’s earnings and work hours, which can be inconsistent for some individuals.
Unlike traditional payday loans or credit cards, Earnin doesn’t charge any interest or fees.You need to tip to get faster access to funds. These tips can add up and become quite significant over time.
Earnin helps you avoid potential penalties from low checking account funds and allows you to pay bills on time.The app requires access to your checking account and work time, which raises concerns about data privacy and security.
It’s convenient and speedy, providing quick access to cash without having to visit a bank or lender.Earnin is only compatible with an hourly or salary job, making it less suitable for freelancers or self-employed individuals.
Earnin provides a platform that can prevent you from borrowing from friends, using credit cards, or taking out payday loans.Over-reliance on cash advance apps like Earnin can potentially lead to poor financial habits and a cycle of debt.

Remember, it’s crucial to understand and weigh these pros and cons before deciding if Earnin is the right cash advance app for your needs.

Features Of Earnin

Earnin offers a range of features designed to provide cash advance users with flexibility and convenience. Here are some key features of Earnin:

  1. Earnin Cash Out: With Earnin, you can access up to $750 per pay period based on the hours you’ve already worked. This allows you to get the money you need before your next paycheck.
  2. Tip Option: Earnin gives you the option to leave a tip as a way of supporting the service. While it’s not required, leaving a tip helps keep the app free for others and allows for continuous improvements.
  3. Lightning Speed: Earnin offers fast cash advance transfers directly into your bank account. In most cases, funds can be available within minutes, giving you immediate access to much-needed cash.
  4. Balance Shield: This feature helps protect against overdrafts by automatically depositing up to $100 into your account when your balance is low. This can help you avoid costly overdraft fees and keep your finances in check.
  5. Cash Back Rewards: When you use your debit card for purchases at participating retailers, Earnin offers cashback rewards that are automatically deposited into your account. These rewards add an extra benefit to using the app for everyday spending.
  6. Financial Insights: Earnin provides insights into your spending habits and patterns, helping you understand where your money is going and identify areas where you can save or cut back.
  7. Community Support: Earnin has a vibrant online community where users can share tips, advice, and experiences about using the app. This community support adds an extra layer of engagement and connection for users.
  8. No Hidden Fees or Interest Charges: One of the standout features of Earnin is its commitment to transparency regarding fees and charges. There are no hidden fees or interest charges associated with using the app – just simple access to the cash you need without added costs.

What Makes Chime Standout

What Makes Chime Standout

Chime stands out for its user-friendly mobile banking app and fee-free cash advance feature called SpotMe. With SpotMe, qualifying users can access up to $200 without any fees, making it a convenient option for managing unexpected expenses.

Interested in learning more? Keep reading!

How Chime Works

Chime is a mobile banking app that offers cash advance options to its users. Here’s how Chime works:

  1. Sign up for Chime: Download the Chime app from the App Store or Google Play Store and sign up for an account. It only takes a few minutes, and you’ll need to provide some basic personal information.
  2. Set up direct deposit: To access Chime’s cash advance feature, you’ll need to set up direct deposit with your employer or government benefits provider. This allows Chime to deposit your paycheck directly into your account.
  3. Early access to funds: Once your direct deposit is set up, Chime gives you the option to receive your paycheck up to two days earlier than traditional banks. This means you can access your money sooner and cover any unexpected expenses that may arise.
  4. Chime SpotMe: One of the standout features of Chime is its overdraft protection program called SpotMe. With SpotMe, eligible members can make debit card purchases even if they have insufficient funds in their accounts. Chime will cover the transaction and allow you to pay it back later without any penalty fees.
  5. No hidden fees: Unlike traditional banks, Chime does not charge monthly fees, minimum balance fees, or overdraft fees. You can use your Chime account without worrying about unexpected charges eating into your cash advance.
  6. Easy access to money: Accessing your cash advance through Chime is simple and convenient. You can make withdrawals at over 60,000 fee-free ATMs nationwide using your Chime Visa Debit Card.
  7. Mobile banking features: In addition to its cash advance options, Chime offers a range of mobile banking features such as budgeting tools, credit builder options, and real-time transaction alerts. These features help you stay on top of your finances and manage your money effectively.

Pros & Cons Of Chime

Chime certainly has some unique benefits, but it also comes with a few downsides. Let’s dive into the pros and cons of the Chime cash advance app.

Chime offers SpotMe, a cash advance feature that allows qualifying users to get up to $200 fee-free.Not all users will qualify for the maximum $200 cash advance.
With Chime, you can receive your paycheck deposit up to two days earlier than other banks.Chime is not a traditional bank, meaning it may lack certain services that traditional banks offer.
Using the Chime cash advance feature can help avoid potential penalties from low checking account funds.Chime may not be compatible with all payroll providers, which could limit early deposit availability for some users.
Chime is a mobile banking app, making it convenient for users who prefer to manage their finances digitally.The mobile-only interface may not be user-friendly for everyone, particularly those who prefer in-person banking.

Remember, it’s crucial to weigh these pros and cons to understand if Chime is the right cash advance app for you.

Features Of Chime

Chime, the popular cash advance app, offers a range of features that cater to the needs of cash advance users. Here are some key features of Chime:

  1. Chime SpotMe: Chime’s signature feature, SpotMe, allows qualifying users to overdraft their accounts between $20 and $200 without any fees. This can be a lifesaver when you need some extra cash before your next paycheck.
  2. Early Payday Access: Chime often provides paycheck deposits up to two days earlier than other banks, giving you quick access to your funds. This feature can be particularly beneficial when you’re facing financial emergencies or unexpected expenses.
  3. No Monthly Fees: Unlike many traditional banking options, Chime does not charge monthly fees for using its services. This means you can enjoy the benefits of cash advances without worrying about additional costs eating into your funds.
  4. No Overdraft Fees: If you accidentally overspend with your Chime account, you won’t have to worry about hefty overdraft fees. Chime does not charge any overdraft fees, providing peace of mind and saving you money.
  5. No International Transaction Fees: If you frequently travel or make international purchases, Chime is an excellent option as it does not charge any international transaction fees. You can use your Chime card anywhere in the world without incurring extra charges.
  6. Seamless Mobile Banking Experience: With Chime’s user-friendly mobile banking app, you can easily manage your account, track your spending, and access your cash advances on the go. The app also offers budgeting tools and insights to help you stay on top of your finances.
  7. Direct Deposit and Debit Card Purchases: With a Chime account, you can set up direct deposit for regular income deposits and make convenient debit card purchases wherever Visa is accepted.

Comparison: Earnin Vs Chime

Comparison: Earnin Vs Chime

Earnin and Chime are both popular cash advance apps; let’s compare their compatibility with other financial accounts, cash advance limit, fees, and charges, speed of cash advance transfer, and user experience.

Compatibility With Other Financial Accounts

I’ve found that when it comes to compatibility with other financial accounts, Earnin and Chime have varying experiences. Some users have reported success in linking their Earnin, and Chime accounts seamlessly, allowing for easy access to cash advances.

However, others have faced difficulties due to Chime’s early paycheck access feature, which may disrupt the compatibility process.

It’s important to note that other cash advance apps like SpotMe, Dave, Cleo, Albert, Empower, MoneyLion, and Varo also work compatibly with Chime. These alternatives can provide immediate funds for those who need them while still integrating smoothly with your Chime account.

If you’re considering using Earnin or any other cash advance app in conjunction with your Chime account for early paycheck access or centralized financial management purposes, it’s worth researching each app’s compatibility status and eligibility requirements based on your pay cycle.

Cash Advance Limit

As a cash advance user, one important factor to consider when comparing Earnin and Chime is the cash advance limit. Cash advance apps typically have lower borrowing limits compared to bad credit personal loans from online marketplaces like MoneyMutual and ZippyLoan.

For example, MoneyMutual offers loans up to $5,000 with APRs up to 35.99% and a minimum credit score of 0. So if you need access to a larger amount of money, it might be worth exploring alternative options outside of cash advance apps like Earnin or Chime.

Fees And Charges

As a cash advance user, it’s important to understand the fees and charges associated with using apps like Earnin and Chime. While both apps offer convenient access to quick cash, they may come with certain costs.

For instance, some cash advance apps, including Earnin, may charge a fee for instant transfers to an external account like Chime. Additionally, while Chime SpotMe is a feature offered by Chime itself that allows users to overdraft their account without fees, other cash advance apps might charge membership or subscription fees for access to larger amounts of money.

It’s crucial to consider these fees and charges before making a decision on which app is right for you as it can significantly impact the cost-effectiveness of your borrowing experience.

Speed Of Cash Advance Transfer

When it comes to the speed of cash advance transfers, both Earnin and Chime strive to provide quick access to funds. With Earnin, eligible users can receive their earned wages within minutes through Lightning Speed, which allows for instant transfers.

On the other hand, Chime offers Early Payday Access, allowing users to get paid up to two days earlier than their scheduled payday. This means that you can access your money faster and take care of any financial emergencies without having to wait.

Whether you choose Earnin or Chime, both apps aim to make the cash advance process as convenient and efficient as possible for their users.

User Experience And Reviews

I have personally found the user experience with Earnin and Chime to be quite positive overall. Both apps are easy to navigate and offer a seamless process for accessing cash advances. Many users have praised Earnin for its simple interface and straightforward borrowing terms.

The app also allows for real-time notifications, which is helpful in managing finances effectively. On the other hand, Chime has received accolades for its user-friendly mobile banking features and quick access to funds.

Some users have reported that linking their Chime account with cash advance apps like Earnin can be a bit challenging due to the early paycheck access feature offered by Chime. However, once successfully linked, it offers great convenience in managing finances all in one place.

The reviews from other users generally confirm my positive experiences with both Earnin and Chime. Many individuals appreciate the speed at which they can receive their cash advances through these apps, often on the same day as their request.

Additionally, many find comfort in knowing that both platforms prioritize security measures such as encryption technology and two-factor authentication to protect their personal information during transactions.

To link your Earnin and Chime accounts, follow these simple steps:

  1. Open the Earnin app on your mobile device.
  2. Go to the settings or profile section within the app.
  3. Look for the option to link a bank account or add a financial institution.
  4. Select Chime from the list of available options.
  5. Follow the prompts to provide your Chime account login information.
  6. Grant permission for Earnin to access and manage your Chime account.
  7. Once linked, you may need to verify your employment and earnings information again for security purposes.
  8. After verification, you can start using Earnin’s cash advance features with your Chime account.

Alternatives To Earnin And Chime

Other alternatives to Earnin and Chime include Albert, Brigit, MoneyLion, and Current.


One popular cash advance app that works well with Chime is Albert. I personally find Albert to be a great option for managing my finances and receiving quick advances. With features like free money management tools, users can easily keep track of their spending and budget effectively.

When it comes to getting an advance, Albert offers amounts between $100 and $250, which can be a real lifesaver in times of unexpected expenses or financial emergencies. Plus, the app is FDIC insured, so you can have peace of mind knowing your funds are secure.

Overall, if you’re looking for a reliable cash advance solution that integrates seamlessly with Chime, I highly recommend checking out Albert.


I’ve also come across another cash advance app called Brigit that I think you might find interesting. Brigit is a financial health app that offers cash advances of up to $250. It’s designed to help users manage their finances by providing timely access to funds when needed.

With Brigit, you can get an advance on your upcoming paycheck without having to worry about credit checks or high fees. They provide this service at a low monthly subscription cost, making it affordable and convenient for those who frequently need quick cash assistance.

In addition to cash advances, Brigit offers other helpful tools like budgeting features and financial recommendations tailored to your spending habits. This app aims to empower users with the tools they need to stay on top of their finances and avoid unnecessary debt or overdraft fees.


As a cash advance user, you may also want to consider MoneyLion as an alternative to Earnin and Chime. MoneyLion charges a flat fee of $3.99 for each payday advance, making it a straightforward option if you need quick access to funds.

What sets MoneyLion apart is that government benefit recipients can qualify for their payday advance program. This makes it an excellent choice if you receive benefits and require some extra financial support.

Like Dave, Chime, and Brigit, MoneyLion works with people of all credit scores without conducting credit checks. Overall, MoneyLion provides convenience and accessibility for users looking for quick cash advances without the need for extensive paperwork or background checks.


I highly recommend considering Current as an alternative to cash advance apps like Earnin and Chime. Current offers a host of innovative features that make managing your finances easier than ever.

With the Current app, you can access paycheck advances up to $100, helping bridge any financial gaps between pay periods. Plus, there are no hidden fees or interest charges associated with these advances.

On top of that, Current provides budgeting tools and insights to help you stay on track financially. It’s the perfect solution for anyone looking for a convenient and reliable way to manage their money without relying on traditional banking options or payday loans.

Understanding Earnin And Chime

Earnin and Chime are both cash advance apps that provide users with quick access to funds, but there are a few key differences between the two.

Can I Use Earnin With My Chime Account?

Yes, you can use Earnin with your Chime account. Many users have successfully linked their Earnin and Chime accounts to enjoy the benefits of both services. By combining these two cash advance apps, you can access your paycheck early through Chime’s early payday access feature while also utilizing Earnin’s convenient features for managing and accessing your funds.

However, it’s important to note that some users have reported compatibility issues between Earnin and Chime due to changes in app integrations or conflicts arising from the early paycheck access feature provided by Chime.

So while it is possible to use both apps together, there may be certain challenges that you might encounter along the way.

Are There Fees With Earnin Or Chime?

I know how important it is to understand the fees associated with cash advance apps like Earnin and Chime. The good news is that Earnin and Chime do not charge any interest on the cash advances they provide.

However, it’s worth noting that both apps may have certain fees for additional services. For example, Earnin offers a “Lightning Speed” feature where you can receive your cash advance within minutes for a small fee of $2.99 per transaction.

On the other hand, Chime has a monthly subscription cost of $9.99 for their Credit Builder Credit Card program, which includes access to their SpotMe feature allowing overdrafts up to $200 with no fees incurred.

Can I Use Multiple Cash Advance Apps With My Chime Account?

Absolutely! Chime is compatible with several cash advance apps, allowing you to use multiple services to access funds. In addition to its own SpotMe feature, which provides fee-free advances of up to $200, Chime works seamlessly with other popular cash advance apps like Albert, Cleo, Empower, MoneyLion, and Varo.

This means that you have even more options for immediate funds when you need them most. So feel free to explore different cash advance apps and find the combination that works best for your financial needs.

How Do Cash Advance Apps Affect My Credit Score?

Cash advance apps typically do not have a direct impact on your credit score. Unlike traditional loans, cash advances from apps like Earnin and Chime are not reported to the credit bureaus through hard credit pulls.

This means that they won’t show up as loans on your credit report. However, it’s important to note that cash advances can indirectly affect your credit score in a couple of ways.

Firstly, taking out a cash advance increases your debt load and raises your debt-to-income ratio. Lenders may consider this when they apply for other types of loans or lines of credit in the future.

So while it won’t directly lower or raise your score, having more debt could make it harder to get approved for additional financing.

Secondly, if you’re unable to repay the cash advance and default on the payment, the app provider may send your account to collections. In this case, collection agencies can report negative information about you to the credit bureaus which will negatively impact your credit score.

Our Takeaway: Earnin Or Chime?

In conclusion, when it comes to choosing between Earnin and Chime for your cash advance needs, it ultimately depends on your specific financial situation and preferences. Earnin offers higher cash advance limits and no interest charges, making it a popular option for many users.

On the other hand, Chime’s SpotMe feature provides fee-free advances up to $200 and is integrated into its mobile banking app. Consider factors such as compatibility with other financial accounts, fees and charges, transfer speed, user experience, and reviews before making a decision.

Article Sources & Helpful Links

Here are some helpful links that may help you learn more:

  1. Official Earnin Website: The official website of Earnin, a financial technology company that provides cash advances to users.
  2. Official Chime Website: The official website of Chime, a fintech company that provides mobile banking services.
  3. Earnin Help Page: A page dedicated to helping users navigate the Earnin app and its features.
  4. Chime Contact Us Page: A page providing contact information for Chime’s customer service.
  5. Consumer Information on Payday Loans: An article from the Federal Trade Commission provides information about payday loans, which are similar to the services provided by Earnin and Chime.
  6. Earnin on Google Play: The Google Play page for the Earnin app, where users can download and review the app.

Earnin vs Chime Comparison (FAQs)

What are cash advance apps?

Cash advance apps are apps that allow users to borrow money against their future paychecks. They typically charge a fee and require users to link their bank accounts.

What are the best cash advance apps?

Some of the best cash advance apps include Earnin, Dave, and Chime. Each app offers different features and benefits, so it’s important to compare them and choose the one that best fits your needs.

Does Chime offer a paycheck advance?

Yes, Chime offers a paycheck advance feature for eligible users called SpotMe. Users can qualify for up to $200 in advance and have it deducted from their next paycheck.

Do cash advances charge interest rates?

Yes, most cash advance apps charge interest rates on the amount borrowed, which can vary depending on the app. It’s important to read the terms and conditions carefully before using any cash advance app.

Do all advance apps work with Chime?

No, not all cash advance apps work with Chime. However, there are several apps that are compatible with Chime, including Earnin and Dave. It’s important to check the app’s specifications to see if it will work with your Chime account.

Are there any payday advance apps that work with Chime?

Yes, there are several payday advance apps that work with Chime, including Earnin, Dave, and Cleo. These apps allow users to borrow money against their paycheck and link their Chime account for easy repayment.

How do I choose a cash advance app?

When choosing a cash advance app, it’s important to consider factors such as interest rates, fees, repayment terms, and app compatibility with your bank account. You should also read reviews and compare the features of different apps before making a decision.

How much can I get with a paycheck advance app?

The amount you can get with a paycheck advance app varies depending on the app and your eligibility. Some apps, such as Earnin and Dave, allow users to qualify for up to $100 or $200 in advance. However, it’s important to only borrow what you need and can afford to repay.

How do I qualify for a cash advance app?

To qualify for a cash advance app, you typically need to have a regular source of income, a bank account, and a paycheck that is direct deposited. Some apps may also require a credit check or proof of employment.

Can I link my Chime account to other cash advance apps?

Yes, you can link your Chime account to other compatible cash advance apps for easy repayment. Some apps, such as Cleo and Branch, allow Chime users to link their accounts and borrow money against their paychecks.

James Allen, a finance enthusiast with 10+ years of experience, founded Billpin in 2020 to demystify personal finance. Inspired by his mother’s frugality and his own financial expertise, James aims to transform people’s relationship with money. Through this site, he provides easy-to-understand guides, empowering individuals to manage their finances effectively and take control of their financial future.

Content Disclaimer: Opinions expressed here are the authors alone, not those of any companies mentioned, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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