Personal Checking | None |
Personal Savings | 1.50% |
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.
9.0
9.6
9.2
9.6
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.
APY SAVINGS
Min 2%
APY CHECKINGS
Min 0.25%
ATM NETWORK
60,000+
OTHER FEES
Yes
Pros & Cons
Account Type
DEPOSIT AMOUNT
No minimum
APY
Min 0.25%
DEPOSIT AMOUNT
No minimum
APY
Min 2%
Personal Checking | None |
Personal Savings | 1.50% |
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 |
|
Account Type | Key Features |
Personal Savings |
|
Account Type | Key Features |
Credit Builder |
|
Opening an account is done online through the company’s website. It is a simple process:
Available in all states
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.
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.
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.