Does Chime Accept Child Tax Credit Deposits?

Many people in the United States will get their monthly Child Tax Credit (CTC) payment in the coming days. Does Chime bank accept the deposit?

According to the IRS, the money will be sent on September 15, and these installments will continue until the end of the year, when qualified taxpayers will get the other half of the amount in a single payment in 2022.

Taking into consideration the last half of the Child Tax Credit payment, which will come in 2022, eligible households will get a total of up to 3,600 per child aged five and under, with a maximum sum of 3,000 dollars for children aged six to seventeen.

On Wednesday, parents with qualifying children under the age of six will get $300 per child, while those with children from 6 to 17 will receive $250 per child.

To be eligible for the entire amount, a US taxpayer must have a modified adjusted gross income of $75,000 or less for singles, 112,500 or less for heads of households, or 150,000 or less for married couples filing jointly.

“I use chime and got mine for July on the 14th and for August I got it on the 12th. Hopefully we get ours today with no problems. Chime deposits at all hours of the day and night…” A Reddit user said.

Child Tax Credit Chime

Yes, Chime accept child tax credit deposit.

“As with all direct deposits, they will be made available as soon as possible.” Chime said oon thei website. “Unfortunately, we have no way to track the status of these payments until they arrive, but Chime members may get Child Tax Credit payments early.”