What Time Does Nj Unemployment Deposit Money

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

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

If filing for unemployment has you feeling confused, you're not alone. We've put together a guide to help you learn how to file for unemployment, as well as understand changes you might see in the wake of COVID-19 (Coronavirus). Things are changing fast, and we're doing our best to stay up to date.

This guide is for informational purposes only. Chime does not provide financial, legal, or tax advice. You should check with your legal, financial, or tax advisor for advice specific to your situation. Your state or local unemployment agency is responsible for making all determinations on your eligibility for unemployment benefits. Please contact your state or local unemployment agency if you have questions.

We know this can be a confusing process, and we're here to help. If you have additional questions about unemployment, see our list of FAQ's below.

Do unemployment benefits apply to reduced hours, gig workers, and self-employed individuals?

The new C.A.R.E.S. Act (Coronavirus Aid, Relief, and Economic Security Act) has extended $600 per week of unemployment benefits to many who previously weren't eligible through July 31, 2020. You might be eligible if you are:

Self-employed
1099 Contract workers
Gig economy workers
Individuals whose hours have been reduced

The application process is different by state, check with your state's unemployment website to find out more.

How do I apply for the extended unemployment benefits under C.A.R.E.S. Act (Pandemic Unemployment Assistance)?

The additional unemployment benefits are released through individual states. Check with your state to find out how you can apply/receive it.

I've reached the maximum length of unemployment benefit with my state, what can I do now?

Good news! Under the CARES Act, states are permitted to extend unemployment benefits by up to 13 weeks for anyone who've exhausted their unemployment from July 2019 – December 2020. Check with your state to learn more about whether you can take advantage of it.

What does it mean that my application is pending?

There could be many reasons depending on your state and your situation. Common reasons include:

state is still in the process of verifying information
more information is needed (you will be contacted if this is the case)

I've applied, when will I receive my unemployment benefit?

It typically takes 2-3 weeks for the government to process your application. Given the large amount of unemployment claims filed, many states are experiencing delays. If you have the option, we recommend direct depositing your unemployment benefits, so you won't be stuck otherwise waiting for the unemployment prepaid card to arrive in the mail.

How come I don't see direct deposit as an option with my state?

Unfortunately, at the moment, the following states do not have direct deposit options:

Maryland
Nevada
California (you can direct deposit payments from the prepaid card after the first payment)
Oklahoma (you can direct deposit payments from the prepaid card after the first payment)
Arizona (unless you mail in an original voided check from your bank account)

Once you receive your unemployment benefits, you can always transfer the money into your Chime Spending Account via your Chime app. This may help you avoid potential prepaid card fees and take advantage of the Chime app along with our automatic savings features .

How can I get my unemployment directly deposited into my Chime Spending Account?

For most states, direct depositing your unemployment is easy, even if you are already receiving unemployment benefits via prepaid card. Make sure the name on the payment matches the name on the bank account.

Information you'll need differs by state but generally it includes:

Bank Account Number
Routing Number
Social Security Number

You'll need to log into your state's unemployment website and enter your Chime Spending Account and routing numbers, which can be found in your Chime app under "Settings."

If you live in Tennessee, New Jersey, and New Mexico, you might be experiencing issues depositing your unemployment with Chime. We are actively working with these states to have this problem resolved ASAP.

How long does it take to switch my unemployment to direct deposit?

Switching time varies from state to state. We've seen it range from 48 hours to over a week. Check with your state for more details and be sure to keep your unemployment prepaid card in the meantime.

Are my unemployment benefits taxable?

Yes, unemployment benefits may be taxable. You may have to pay federal income taxes and state income taxes, depending on your state.

States that currently waive income taxes on unemployment include California, Montana, New Jersey, Oregon, Pennsylvania and Virginia. Additionally, seven states —Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming — do not levy any state income taxes. Check with your state to find out more details.

Could I use my Chime Spending Account to receive unemployment benefits for a loved one or someone else besides me?

No. As with all direct deposits, the name on the payment must match the name on the account. This means you cannot receive unemployment benefits deposits to your account on behalf of someone else.

If your family or loved ones aren't Chime members, they can open a Chime Spending Account today ! Once they open a Chime Spending Account, they can then directly deposit their unemployment benefits.

Can my unemployment benefits be garnished?

Unemployment benefits are mostly exempt from garnishments. However, child or spousal support are subject to garnishment. Additionally, your state may also garnish your benefits if you owe money to the issuing state (i.e. tax).

How will I know when my deposit arrives?

If you have notifications enabled in the Settings screen of your Chime app, we will send you a push notification as soon as a deposit arrives!