Cashing Out Your 401(k) Pros and Cons

Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties’ privacy or security practices.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

1 Information from IRS’s Topic No. 558 Additional Tax on Early Distributions From Retirement Plans Other Than IRAs as of January 5, 2023:

2 Information from IRS’s Retirement Topics – Exceptions to Tax on Early Distributions as of January 5, 2023:

3 Information from IRS’s Retirement Plans FAQs regarding Hardship Distributions as of January 5, 2023:

4 Information from IRS’s Substantially Equal Periodic Payments as of January 5, 2023:

© 2013-2023 Chime. All Rights Reserved.

Leave a Comment