Chime Review
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Chime Reviews

Bob Phillips


Bob Phillips

Improving Credit Score
Improving Credit Score
About Chime

Chime is a financial technology company, not a bank. Banking services through Chime are provided by The Bancorp Bank or Stride Bank N.A. The company was founded in 2012 and has its headquarters in San Francisco, CA. Its focus is on providing personal banking services. Chime does not market to or service the business market.

Chime’s main selling point is that basic banking services for individuals should be helpful, easy, and free. They partner with regional banks to design “member-first financial products” to compete with traditional banks.









Chime Online Banking Review

Chime administers a limited number of services provided by two regional banks, The Bancorp Bank and Stride Bank, N.A. Both are FDIC insured up to $250,000.

Chime Online Banking Highlights


Min 2%


Min 0.25%





Pros & Cons

  • No monthly service fees, no minimum opening deposit or minimum balance requirements
  • Fee-free overdraft up to $200
  • 1.50% interest credited on savings accounts
  • Fee-free ATM access for withdrawals through Chime’s ATM network
  • No interest paid on checking account
  • No physical banking locations
  • A fee of $2.50 per transaction at out-of-network ATMs

Account Type

  • Checking
  • Savings

Chime Checking Highlights


No minimum


Min 0.25%

Chime Savings Highlights


No minimum


Min 2%


Personal Checking None
Personal Savings 1.50%


Features Benefits & Rewards

  • Unlimited fee-free transactions
  • Fee-free ATM access through Chime’s network
  • Competitive savings interest rate
  • No rewards program or promotions
  • Mobile App

Account Types

Chime offers only personal accounts. They do not offer Certificates of Deposit (CD), Money Market Deposit Accounts (MMDA), or any type of business bank account.

Account Type Key Features
Personal Checking
  • Unlimited transactions
  • No monthly service fees
  • Free debit card


Account Type Key Features
Personal Savings
  • Competitive interest rate credited
  • No fees or minimum balance required
  • Automatic Savings feature


Account Type Key Features
Credit Builder
  • Secured Visa card
  • Account status reported to all three major credit bureaus
  • No fee to open an account


Opening an Account With Chime

Opening an account is done online through the company’s website. It is a simple process:

Screen 1

Step 1: Basic information

State Availability

Available in all states

Customer Support

Chime provides a toll-free number on its website for customer support and the choice to communicate with them via email for non-urgent issues. We called Chime customer support at 5:30 am Pacific and were quickly connected to a live person.

Phone Support
(844) 244-6363
Mon - Sun

In Conclusion

Chime’s customer service is responsive, and the company has branded itself well as an alternative to traditional banks. Its major selling points are its 24/7/365 customer service and lack of account fees and minimums. Chime appears to be a viable choice for those interested in doing all of their personal banking online.


Is Chime a bank?
Chime is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank or Stride Bank, N.A.
Is my account FDIC insured?
Yes, all deposits are FDIC insured up to $250,000 per depositor.
How do I withdraw money from my Chime account?
There are several options for sending and receiving money. You can withdraw funds using your debit card from Chime’s free network of 60,000+ ATMs, withdraw money from non-network ATMs for a $2.50 fee, or withdraw money at a participating retailer, such as 7-Eleven or Walmart.

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Bob Phillips

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.