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Wednesday, April 10, 2024

Chime Closing Some Accounts, No Purpose Supplied


Replace 4/9/24: Appears to be like like one other spherical of shut downs have been despatched out. Hat tip to reader Phil

Within the final week we’ve obtained a couple of studies from readers about their Chime accounts being shut down. Some readers are receiving an e-mail titled ‘Account Closure Notification’ whereas different account holders attempt to log in solely to be instructed the account has been suspended. The Chime e-mail states the next:

Following a latest assessment of your Spending Account, we remorse to tell you that we’ve got made the choice to finish our relationship with you presently. Your Spending Account shall be closed on August 06, 2020.

When you have a Chime Financial savings Account, per the phrases of your Deposit Account Settlement, your Financial savings Account may even be closed.

When you have direct deposits, ACH Debits, or recurring debit card funds, please notify the originators instantly to keep away from disruption together with your future deposits or funds. Direct deposits, ACH debits, and recurring debit card funds could also be rejected after August 06, 2020, nevertheless we nonetheless encourage you to redirect your ongoing direct deposits and financial institution transfers to keep away from any delay in receiving your funds.

Type regards,
The Chime Workforce

That is resulting in some account holders being unable to entry funds. Chime has not given any rationalization relating to these account closures in any respect and even when sending out e-mails has given little or no if any time to withdraw funds and cease recurring funds. A variety of readers have accounts from the $50 referral bonus.

Hat tip to readers Dan & Kyle, you too can discover much more individuals reporting the identical points on reddit

 

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