(EXPIRED) Chime: Easy $245 Checking Account Bonus

Chime is an app with a debit card tied to an online checking account without any particularly noteworthy spending bonuses. It does have some terrific new account and referral bonuses, however. This month, Chime has increased its ever-present Swagbucks offer, and it’s now $245 (24,500 SB) on new accounts. Once the Swagbucks are credited, they can be redeemed to your PayPal account as cash via a PayPal gift card. They can also be redeemed for merchant gift cards as well. I signed-up for this offer when it was 25,000 SB last year and it was easy money.

For folks that prefer earning MyPoints, the Chime bonus there is up to ~$240 (38,500 SB), so we’ve included a link to that below also.

The Deal

• Earn 24,500 SwagBucks (worth $245 when cashed out via PayPal) when clicking through and opening a new Chime account, then receiving two “direct deposits” of $200 or more.

Direct link to offer (SwagBucks landing page)

• Earn 38,400 MyPoints (worth ~$240 when cashed out via PayPal) when clicking through and opening a new Chime account, then receiving two “direct deposits” of $200 or more.

Direct link to offer (MyPoints landing page)

Key Terms

• Must complete the following steps:

1) Signup with Chime between 10/1/23 and 10/31/23 and earn 500 SB.
2) Download the Chime App.
3) Access your account number and routing number from the app.
4) Add your account number and routing number to your payroll contact or service.
5) You must have at least two (2) consecutive qualifying payroll direct deposits of at least $200 each to your Chime account to earn 24,000 SB. The first payroll direct deposit must be received within 30 days of your account signup date.

• Other terms which are applicable:
  • Must make a minimum first deposit of $200 to qualify.
  • Offer may only be completed once per user.
  • Allow up to 70 days for SB to be credited to your account

Quick Thoughts

I don’t ever do deals that require me to actually change direct deposit information, but in most cases there are multiple options as to what the bank/service will credit as a “direct deposit.” Doctor of Credit has a very useful page listing data points of what counts as a direct deposit with Chime, and my primary bank is one whose transfers are acknowledged as DD.

The entire process takes less than five minutes and there is no hard pull.  However, this screen that pops up is worth noting:

Don’t auto-agree as the bottom two options as that will enroll you in a secured credit card that you almost surely don’t need.

For folks that already have a Chime account, DOC reports that the referral bonus might stack with this $245 bonus from Swagbucks with some lucky clicking (see this comment for more). If you are able to successfully stack the Swagbucks bonus and the $100 referral bonus in-household, that’s a nice $345 checking account bonus with low requirements. Note that MyPoints is offering a bonus of about $240, but there were some failure reports on the stack with MyPoints in the DOC comments.

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