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Chime® 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 monthly 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

  • Early pay with direct deposit (up to 2 days early)⁶
  • Overdraft flexibility to $200⁷
  • Excellent mobile app
  • Access to over 47,000 fee-free ATMs⁸

Cons

  • 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 (up to 2 days early, with 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 $200.⁷ Additionally, Chime has no monthly/annual maintenance fees, no transfer fees, no minimum balance fees, and no foreign transaction fees, making it an affordable banking option for many.

Key Features

  • Pay less in fees with no monthly, annual, or transfer fees
  • Enjoy account flexibility with no minimum balance requirements
  • Earn high-yield interest through 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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Disclaimers

Chime: Chime is not FDIC-insured. The Bancorp Bank, N.A. and Stride Bank, N.A. are the FDIC-insured members. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. FDIC deposit insurance limit is $250,000 per depositor, per insured bank, per ownership category. *Limited time only. Terms apply, must open the new account and complete qualifying activities to earn up to $350.00 in rewards. Link to full terms can be found at https://www.chime.com/join/promos/intro-offer-v2b/#terms.
1 SpotMe® eligibility requirements and limits apply. Overdraft only applies to debit and credit card transactions and cash withdrawals. Limits range from $20-$200. 2 Early Pay: 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. 3 ATM: Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM participating in the Allpoint network.

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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.