Payday, Explained

December 20, 2024:

Just like you can’t control the bus schedule, you can’t control your pay schedule – which leaves you stuck on someone else’s clock, even though you’ve already worked hard for that money. But have you ever wondered… why do we get paid every two weeks? We teamed up with rapper Vince Staples and Chime to get to the bottom of this bi-weekly mystery, and why our outdated system isn’t keeping up with the needs of today’s workers.

The good news? MyPay™ from Chime can help. MyPay lets you get up to $500* of your pay before payday, giving you the freedom to jump on last-minute deals, handle unexpected expenses, and gain more control over your finances, without waiting on someone else’s schedule.

Join Vince as he embarks on a journey of epic proportions through the history of pay cycles, and discover how MyPay offers a new route to getting money when you need it.

Visit chime.com/mypay to find out how you can take control of your pay today.

MyPay™ line of credit provided by The Bancorp Bank, N.A. or Stride Bank, N.A. MyPay services provided by Chime Capital, LLC (NMLS 2316451).

*To be eligible for MyPay, you must receive qualifying direct deposits to your Chime Checking Account as set forth in the MyPay Agreement. A qualifying direct deposit is a deposit from an employer, payroll provider, gig economy payer, government benefits payer, or other permitted source of income by Automated Clearing House (“ACH”) or Original Credit Transaction (“OCT”). Your MyPay Credit Limit and Maximum Available Advance may change at any time. MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 – $500 Credit Limit per pay period. Your Credit Limit and Maximum Available Advance will be displayed to you within the Chime app. MyPay is currently only available to eligible Chime members in certain states. Other restrictions may apply. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.

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