Short Answer: Chime’s SpotMe overdraft coverage allows cash back on debit card purchases as long as the total does not exceed your individual overdraft limit. For more information on getting cash back with SpotMe, see below.
Can You Get Cash Back With Chime SpotMe?
SpotMe works with cash back. It allows you to get cash back when making debit card purchases as long as the total transaction amount (including the cash back) is not more than your overdraft limit, customer service representatives for Chime told us.
How SpotMe Works
SpotMe allows Chime account holders with monthly direct deposits of $500 or more an overdraft cushion of a set amount. Your SpotMe overdraft limit will start at $20 and may increase over time based on your account history and activity (deposits and spending) on a case-by-case basis.
There are no fees for using SpotMe; Chime will simply deduct the overdrawn amount from your next direct deposit. Chime will automatically decline any transaction at a store checkout that would take your Chime account beyond your individual overdraft limit.
Note that SpotMe only covers debit card transactions; it does not cover the following:
- ACH transfers (including Venmo and Square Cash)
- ATM withdrawals
- Chime checkbook transactions
- Pay Friends transfers
Our previous research includes how soon you can use overdrafts and overdraft protection at major banks, the number of times you can overdraft, and how to transfer funds from a credit card to avoid an overdraft.