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Chime: Automated Savings Made Easy

Last updated on 10th Nov, 2024, by Belinda R. Martin for MapUS

Chime: Automated Savings Made Easy | Dieseljeans

Automatic Savings Features

Chime offers several features that can help you save money automatically and effortlessly. One of the most popular features is the Automatic Savings option, which allows you to set up recurring transfers from your Chime Spending Account to your Chime Savings Account. You can choose the frequency and amount of these transfers, and Chime will handle the rest, ensuring that you consistently set aside funds for your savings goals. Whether you're saving for a rainy day, a vacation, or a major purchase, Chime's Automatic Savings feature makes it easy to build your savings over time without having to manually transfer money each month.

Round-Up Savings

Another way Chime helps you save money automatically is through its Round-Up Savings feature. With Round-Up Savings, Chime rounds up your everyday purchases to the nearest dollar and transfers the spare change into your Chime Savings Account. For example, if you buy a coffee for $2.50, Chime will round up your purchase to $3.00 and transfer the extra $0.50 into your savings account. Over time, these small round-up amounts can add up significantly, helping you grow your savings without even noticing. This hands-off approach to saving allows you to effortlessly build your savings while going about your daily routine.

Experiences and Benefits

Many Chime users have found that these automatic savings features have helped them develop better saving habits and reach their financial goals faster. By automating their savings, users can avoid the temptation to spend money impulsively and stay on track with their financial plans. For example, some users have used Chime's Automatic Savings feature to save for emergencies, such as unexpected car repairs or medical expenses, while others have used Round-Up Savings to save for fun experiences like vacations or concerts. Whatever your savings goals may be, Chime's automated savings features can help you achieve them with ease.

Chime: Automated Savings Made Easy | Dieseljeans

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