You don’t ever want to be stuck with a pending or unprocessed transaction only because your ‘Chime’s routing number is not valid.’ Every Chime user knows just how important their routing number is, especially when transferring funds, to and from Chime.
Serving as a unique identification code identifying a financial institution, the routing number is a necessary factor in carrying out transactions. And, you may encounter an invalid routing number for various reasons. In this article, I’ll be demystifying the importance of routing numbers and tips to avoid mistakes such as this in the future.
Why Your Chime Routing Number May Be Invalid
- Recheck the routing number
Chime, as an online banking, provides mobile banking to its users with the help of its banking partners; Bancorp bank and The Strides N.A. So, you see, when opening a Chime account, you choose either of these banking partners for your specific Chime account. They both have different routing numbers, so you can’t possibly interchange them for any reason.
The routing number for Bancorp Bank won’t act as the same routing number for The Strides N. A., so it is important to input the correct routing number for your personal Chime account. For the Bancorp Bank; 031101279 and The Stride Bank N. A.; 103100195.
If you’ve been told that your Chime routing number is invalid, one of the first things to do is double check it to confirm if that is the correct routing number. For updated information on your Chime routing number, check your Chime Mobile App or your Chime checkbook.
However, Chime routing numbers mostly stay the same, but if it happens to have changed (which hardly ever happens), it is advisable to confirm it to ensure that you have the most up-to-date one. The routing number could also change, based on the location of the Banking Partner that your Chime account was opened.
- Contact Chime Support
Once you’ve confirmed that your routing number is correct, but your Chime account is still facing the same issue, then it is time to seek help from the customer service. Reach out to Chime’s customer support and explain the situation, so they can provide assistance to you. They will help you troubleshoot the problem and also provide personal guidance specific to your Chime account.
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- Verify account status
Once you have an issue with your Chime account, it can also affect the validity of your routing number. Make sure your account is active, as only then can you carry out a transaction.
Some users might have gotten their account locked by Chime. This usually happens when Chime suspects fraudulent activities on that account. Chime frequently reviews their customer’s transactions to watch out for any suspicious activity.
And, if they happen to find anything worth raising an alarm over, they suspend your Chime account. If your Chime account has been closed by Chime, and you haven’t received any feedback from them concerning the closure, reach out to them using either their 24/7 phone hotline or email their customer service.
- Bank verification
Each bank may differ from another, and also have some requirements specific to their banks.
So, if you’ve been caught up trying to link up your Chime account to another financial service, you should probably revisit their requirements for routing number verification and follow it steadfastly. You can also go ahead and contact the bank or service to better understand their verification process.
In some cases, the routing number may be rejected due to high incidence of frauds or related issues in the concerned institution. You can confirm with your local department of labor to confirm the reason.
- Check for recent updates
Make sure your Chime app and related app is updated. The problem might just lay in app updates and system maintenance. It is advisable to keep your Chime app updated at all times to avoid any lag or malfunction.
While inputting your routing number, be extra careful in order to avoid unnecessary situations. Incorrect information like this would lead to issues relating to transactions and financial services.
You can always reach out to Chime support or any relevant financial institution if you’re stuck with any process.
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When Do You Need a Chime Routing Number?
- Direct deposit
Employees who want to receive their salary directly to their Chime account can set up direct deposit with your employer or affiliated organization. For you to set this up, you’d need your Chime routing number to be able to transfer funds directly into your account.
- Funds transfer
Your Chime routing number is necessary to be able to transfer funds from your Chime account to another financial institution and vice versa. When someone wants to transfer funds directly to your Chime account, you will provide them with your Chime routing number.
- IRS tax refunds
If you use direct deposit as your preferred refund method of tax refund from IRS, then you will need to provide your Chime routing number. Your Chime routing number is an important requirement to be able to receive your tax refund from IRS.
- Bill payments
Online payments have been made easier for all of us, and they may require that your provide your routing number. When paying bills online, you’ll need to provide your routing number to set up your electronic payments on your Chime account.
Frequently Asked Questions
What Happens When I Use an Incorrect Routing Number For My Chime Account?
There’s no serious implications to this. However, you will only be met with a delayed or failed transaction. Once you notice that you’ve given the recipient an incorrect routing number, contact them and give them the correct one. If the transaction has already been processed, do well to reach out to Chime support to handle the issue.
Why Is My Chime Routing Number Different From My Friend’s?
As long as you both didn’t use the same banking partner to open your Chime account, then it is normal to have different routing numbers. It can also be a location issue. This is nothing to worry about since you will both be provided the same features with Chime.
Conclusion
We’re met with pending transactions now and then for various reasons. Inputting an incorrect routing number is one of them, and once we take the necessary steps to prevent and resolve it, a smooth transactional interaction is assured.
