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Chime Review

Worry less–Safe, secure, and trusted by millions.

Chime offers cutting-edge digital finance services, prioritizing simplicity and transparency. Chime's commitment to accessibility and user-friendliness sets it apart from traditional banks, making it a noteworthy choice for your online banking needs.

Earn More–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.

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  • Minimal Fees: Eliminate monthly fees, minimum balance requirements, and no overdraft fees, for cost-effective banking.
  • Automatic Savings: Chime offers an optional round-up savings feature, automatically stashing away spare change or a percentage of your paycheck into a Savings Account. ³
  • Competitive Rates: The Chime Savings Account ⁴ offers a 2.00% Annual Percentage Yield (APY) ⁵ with no fees or minimum balance requirements.
  • Chime Visa® Debit Card: Chime's debit card is widely accepted, working anywhere Visa debit cards are accepted.

Pros and Cons


  • Early Direct Deposit ⁶ : Chime allows you to get paid up to 2 days early with direct deposit, providing faster access to your funds.
  • Overdraft Flexibility: The convenient SpotMe® feature offers eligible members to overdraft up to $200 ⁷.
  • ATM Accessibility: With access to over 60,000 fee-free ATMs,⁸ Chime makes cash withdrawals easy.
  • Excellent Mobile App: Chime's modern mobile app, highly rated with over 1,000,000 five-star reviews from the Google Play and Apple app store, provides a seamless mobile banking experience.


  • Limited Account Features: Chime doesn't offer joint accounts, secondary cards, CDs, or physical locations, which may not suit all banking needs.
  • Out-of-Network Charges: If you withdraw cash from a Chime account at an ATM outside the network, there may be fees.⁸

Bonus Features

  • Credit Friendly: Chime doesn't perform credit checks, making it accessible to individuals with poor credit.
  • Strong Security: Funds in Chime accounts are FDIC insured through our bank partners.

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. Chime reserves the right to change rates, fees, and other pricing. For the most up-to-date information, please visit Chime's site here:

See rates and information >

It's important to note that, although not a bank, Chime remains a top contender by offering a wide variety of traditional banking services. With a focus on essentials and early direct deposit, Chime continues to be a leading partner for modern, online banking needs.

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.

Frequently Asked Questions (FAQ)

Opening an online bank account is remarkably simple. In most cases, the process can be completed within 10 to 15 minutes. Streamlined digital applications, reduced paperwork, and quick verification make it a hassle-free experience, saving you time and effort.
Depositing and withdrawing money online is a quick, easy, and secure process. To deposit, you can transfer funds from another account, set up direct deposits, or use mobile check deposit features. For withdrawals, you can transfer funds to another account, use ATMs, or request electronic transfers.
Manage bills and payments with efficiency through your online bank account. Most online banking platforms offer bill pay services, allowing you to schedule and make payments to various recipients. You can set up recurring payments, view payment history, and receive alerts to ensure all your financial obligations are met conveniently and on time.
Many online banks partner with ATM networks providing access to physical access to ATMs nationwide, with some banks even reimbursing customers for out-of-network ATM fees.
Yes, online banking is generally safe so long as you select a reputable financial institution. Robust encryption, secure login procedures, and routine monitoring protect your financial information. Many also offer two-factor authentication for added security. Additionally, government regulations FDIC insurance provide further safeguards, making online banking a secure choice for managing your finances.