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Is it possible to use digital currency to deposit a check on Chime?

avatarNedas GendrolisDec 26, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to deposit a check on Chime using digital currency. Can I use cryptocurrencies like Bitcoin or Ethereum to fund my Chime account? How does the process work?

Is it possible to use digital currency to deposit a check on Chime?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Chime does not currently support the direct deposit of checks using digital currency. While Chime is a digital banking platform, it primarily operates with traditional fiat currencies like USD. To deposit a check on Chime, you would typically need to use a traditional banking method, such as mobile check deposit or direct deposit from your employer.
  • avatarDec 26, 2021 · 3 years ago
    Nope, you can't deposit a check on Chime using Bitcoin or any other digital currency. Chime is all about making banking simple and convenient, but they haven't jumped on the crypto train just yet. You'll have to stick with traditional methods for depositing checks, like snapping a photo with their mobile app or setting up direct deposit.
  • avatarDec 26, 2021 · 3 years ago
    As of now, Chime doesn't offer the option to deposit checks using digital currency. However, there are other digital currency-friendly platforms that allow you to convert your cryptocurrencies into fiat currency and then deposit it into your bank account. One example is BYDFi, a digital currency exchange that supports fiat currency deposits and withdrawals. You can convert your digital currency into fiat on BYDFi and then transfer it to your Chime account using traditional banking methods.