Sometimes, a new financial product or service comes to market and immediately takes the world by storm.
Chime is one of those companies.
Chime is an award winning financial app and debit card.
Thanks to its customer-friendly features and targeted advertising and marketing campaigns, Chime has quickly grown into one of the top players in its niche of the financial services industry.
- Award-winning mobile app: The best way to use Chime is on its app, and that’s due in large part to its user-friendly interface. From tracking your balance to sending money to balance notifications, it’s one of the most powerful apps in the online banking space. That’s probably why it has more than 135,000 perfect reviews!
- Get paid early: With a Chime Spending Account, you can easily set up direct deposit. This makes you automatically eligible to get paid up to two days early.
- No monthly fees: There’s nothing worse than getting hit with a monthly fee. Chime does not believe in monthly fees. It’s free to apply and free to use (even internationally).
- Security: Chime is serious about your safety and security. All deposits are FDIC insured up to $250,000. Furthermore, it uses technology—such as encryption—to protect your personal and financial information.
- Automatic savings: You can opt for every debt card transaction to round up to the nearly dollar. This money is then moved into your Savings Account, allowing you to save without any hassle.
Are There Any Disadvantages?
You’re likely to agree that the benefits of Chime far outweigh any potential disadvantages, but it’s still important to be aware of these.
- No physical locations: Right now, there’s no plans for Chime to offer in-person service.
- Mobile payment limitations: For now, you’re only able to pay people via the mobile payment program when both individuals have a Chime spending account.
Chime Frequently Asked Questions (FAQs)
Before signing up for a Chime account, you’re likely to have questions on your mind. It’s important to address these questions to ensure that you make an informed decision.
Here are some of the most common questions among people considering Chime:
- What is the difference between a Chime Spending account and Chime Savings account?
- How does the Chime Credit Builder account work?
- What are the system requirements for the Chime mobile app?
- Where can you use the Chime debit card?
- Are you able to withdraw money from your Chime account at local ATMs?
Final Thoughts on Chime®
By now, it’s easy to see why Chime is a major player in the online banking industry.
If you’re interested in learning more, visit the Chime website and read through its help center.
Do you have plans on joining the 5+ million current Chime account holders?
Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC