Only merely an indication of tax payment can be a stressful experience for a large number of people. Don't worry! I am not going to tell you the consequences of failing on paying your income tax. On the contrary to it, I have good news for you. And the good news is that now you can do more with your favorite online bank- Chime. Apart from sending and receiving money for free, you also can get a direct tax refund to your Chime account too for free. If you are a proud Chime user, you must learn how to get tax refund on chime. And at this, I am here to help you with my helping post.
However, the truth is, Chime is not the only way to get your tax refund directly from the IRS to your account. You can use your bank account to receive your refund checks. But, if you are the one who believes in saving time and energy to do more important work, Chime direct deposit is made for you. Free, fast, and direct payment including your tax refund and stimulus payment is hassle-free for you.
So, before it is too late, if you are expecting any refund of your taxes you paid, sign up for Chime (if you are not an existing user) and read this post to know what you have to do to get an instant tax refund to your Chime Spending Account.
What does a tax refund mean in Chime?
For some people, the term "Tax Refund" may be a little puzzling. But, it is quite simple to understand. A tax refund is an amount that the IRS gives back to the taxpayer who pays more than the liable amount. Yes, it happens, it may sound you ridiculous at first glance but this is the reality. Many people commit a mistake in the calculation and pay more taxes than they are liable to pay. In such cases, the IRS returns money to the taxpayer after a few months.
So, the idea here is to use your Chime bank account to get back your taxes as a refund from the IRS. Many people prefer to use Chime online over traditional banks such as Wells Fargo, Bank of America, and Chase, etc. Also, don't forget what I have pointed out earlier- Chase is free, fast, safe, and user-friendly when it comes to getting paid as well.
The process to receive your refund of taxes to your Chime bank account is quite simple and straightforward. All you have to do is just enable a direct deposit on Chime. I hope you know that direct deposit is a service that enables users to withdraw various kinds of checks such as salary checks, stimulus checks, pension checks, and so on and so forth.
If I get more specific, the process to enable direct deposit involves finding your Chime bank routing number and bank name. Also, you will require sharing all these details with the check issuer or IRS. To do so, you simply visit the IRS and follow the simple instructions as mentioned on-screen and send your details.
How to enable Chime direct deposit?
If you are a verified user of Chime, in just a few simple taps you can activate your direct check withdrawal service in Chime. These are the simple steps to follow:
Launch the Chime app on your phone.
The second step is to select the "Move Money" tab available at the home screen.
Then, the next screen will appear with the routing numbers and other details that you will require to activate the direct deposit.
Copy the Chime routing number and bank details.
Further, you need to share these Chime details with the IRS to get your instant tax refund.
Important Note: Chime bank name is The Bancorp Bank, 6100 S Old Village Pl, Sioux Falls, SD 57108. Chime bank addresses will be the same for all users. But, the routing number could be different.
What is the maximum amount of tax refund you can get to your Chime wallet?
Good question! Be informed that users can receive a maximum tax refund of $10,000 with ease of mind for free. But, in case, if your tax refund is more than $10,000, you will have to undergo some additional verification. You may have to share your photo id proof, address proof, and a few more details.
That's the end of today's post: How to Get Tax Refund on Chime. If you stick with the above-mentioned information, definitely, you will get back your refund from the IRS within 4-6 working days. However, sometimes, it may take a little more time. Also, we discussed how to enable direct deposit on Chime. Feel free to share your experience if you have been successful to get back your tax refund from the IRS in the comment section.