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Chime 2024 Review

Chime is a safe and secure online banking solution trusted by millions. Cutting-edge digital finance tools help to make the service accessibile and user-friendly for all, setting it apart from traditional banks as a noteworthy choice for your online banking needs.

Take advantage of no fees and automatic savings tools. The financial technology company delivers a top-rated mobile app and extensive banking services, including mobile check deposit,¹ rapid money transfers,² card control, instant transaction alerts, and many more digital offerings.

Visit Chime ➜

Chime, Member FDIC.

Pros and Cons

✔ Early pay with direct deposit⁶
✔ Overdraft flexibility to $200⁷
✔ Excellent mobile app
✔ Access to over 60,000 fee-free ATMs⁸

✖ Out-of-network ATM charges may apply
✖ No joint accounts, secondary cards, CDs, or physical branches

Please see bottom of page for additional information and disclaimers.

How Does Chime Work?

With a focus on essentials and early direct deposit, Chime continues to be a leading partner for modern, online banking needs. The service's convenience, accessibility, and security deliver a seamless banking experience for its users. Its highly rated app is a simple and fast way to manage finances, with over 1,000,000 five-star reviews on Google Play and the Apple App Store.

With Chime, you can get paid up to two days early with direct deposit,⁶ providing faster access to your funds. The convenient SpotMe® feature allows eligible members to overdraft up to $200 without any fees.⁷ Additionally, Chime has no hidden fees or charges, making it an ideal banking option for many.

The company is credit-friendly, accessible to individuals with a wide range of credit scores. And, as part of Chime's commitment to security, the funds in its accounts are FDIC insured through its bank partners.

Key Features

  • Eliminate most fees including monthly and overdraft fees
  • Enjoy account flexibility with no minimum balance requirements
  • Earn high-yield intersest up to 2.00% APY with the Chime Savings Account⁴
  • Use the Chime Visa® Debit Card anywhere Visa debit is accepted
  • Use Chime Round-Ups to automatically move spare change or a percentage of your paycheck into a Savings Account³

Our site is regularly updated with new rates.
For the latest info, click here to visit Chime's site.

Final Thoughts

Chime is a stellar choice for a streamlined, mobile-centric banking experience with no monthly or maintenance fees. The debit card provider is known for its user-friendly digital banking services and top-tier financial app.

Visit Chime ➜

Chime, Member FDIC.

Chime reserves the right to change rates, fees, and other pricing. For the most up-to-date information and to explore Chime's products, please click the button above to visit their site.

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Chime Disclaimers

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.
¹ Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member's direct deposit enrollment status.
² Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.
³ Round Ups automatically round up debit card purchases to the nearest dollar and transfers the round up from your Chime Checking Account into your savings account. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your Savings Account.
⁴ Chime Checking Account is required to be eligible for a Savings Account.
⁵ The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.
⁶ Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
⁷ SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your physical Chime Visa® Debit Card or secured Chime Credit Builder Visa® Credit Card. Qualifying members will be allowed to overdraw their Chime Checking Account up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime's sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.
⁸ Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

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Frequently Asked Questions (FAQ)

You can deposit and withdrawal funds into your online account, and manage bills using your bank's secure mobile app, website portal, or by visiting an ATM. To deposit funds into your account, you can transfer money from another account, deposit mobile checks by uploading images of the front and back, use ATMs, or set up direct deposits for recurring incoming payments. For withdrawals, you can transfer money to another account, use ATMs, or request an electronic transfer. Use your online account's automatic payments and bill notifications features so you never miss a payment.
In most cases, you can use your online bank account right away. Opening an online account is fast, often taking just 10 to 15 minutes. Approval is typically granted immediately after application submission, allowing you to create your account, login, and begin banking straight away. If additional verification is needed, approval can take an additional 1 to 2 days.
Yes, nearly all online banks provide free ATMs nationwide and/or automatic reimbursements for ATM fees. Most online banks partner with large ATM networks to provide easy access to ATMs no matter where you live. If you run into difficulty locating in-network ATMs, oftentimes the bank will reimburse any out-of-network ATM charges.
The best bank depends on your financial needs. First, determine whether a checking account for everyday transactions or a savings account to earn interest on your deposits is right for you. Then, look for banks that offer low or no fees. competitive interest rates, great customer reviews, and helpful digital tools to manage your finances easily.
Yes, online banks must adhere to strict government regulations and licensing requirements just as traditional banks must, and many provide the same level of FDIC insurance. Robust encryption and cyber-security keep your personal information safe, in a similar way that traditional banks keep their customer databases secure. Selecting a reputable financial institution is key to any safe banking, so be sure to carefully evaluate and compare banks before agreeing to any terms.
FDIC insured banks are financial institutions that are insured by the Federal Deposit Insurance Corporation (FDIC). This insurance protects deposits up to $250,000 per depositor, per bank, meaning, in the event a bank ever fails, your money is secure.