Chime – Mobile Banking Software
Company Name: Chime Financial, Inc.
About: Chime helps members avoid bank fees, save money automatically, and lead healthier financial lives.
Headquarters: San Francisco, California, United States.
Chime Overview
What is Chime?
Chime is a financial technology company that offers banking services provided by The Bancorp Bank or Stride Bank, N.A. It provides security features to keep your money safe, overdraft up to $200 fee-free, and direct deposit to get paid early with no monthly fees. Chime also offers Credit Builder, a new way to build credit, and allows you to pay anyone with no transfer fees.
Features
- Security features to keep your money safe
- Overdraft up to $200 fee-free on debit card purchases and ATM withdrawals
- No monthly maintenance fees, minimum balance fees, or foreign transaction fees
- Access to 60k+ fee-free ATMs at locations like Walgreens, 7-Eleven, CVS, and more
- Get paid up to two days early with direct deposit
- Credit Builder to increase your FICO® Score by an average of 30 points with regular on-time payments
- Pay anyone with no transfer fees
- Two-factor authentication and the ability to block your card in a single tap
- Chime Visa® Debit Card and Chime Visa® Credit Builder Card issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc.
- Chime SpotMe, an optional, no fee service that allows eligible members to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors.
- Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer.
- Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
Official Screenshots
Product Details and Description of
this app is the banking app that has your back. Keep your money safe with security features, overdraft up to $200 fee-free*, and get paid early with direct deposit^, with no monthly fees‡. this app is a financial technology company, not a bank. Banking services provided by The Bancorp Bank or Stride Bank, N.A.; Members FDIC TRUSTED BY MILLIONS Stay in control of your money with instant transaction and daily balance alerts. Plus, enable two-factor authentication and block your card in a single tap. OVERDRAFT UP TO $200* We get it– when your balance is running low, the last thing you need is an overdraft fee. Eligible members on this app can overdraft up to $200* on debit card purchases and ATM withdrawals fee-free. SAY GOODBYE TO MONTHLY FEES‡ Your account shouldn’t cost you money. this app has no monthly maintenance fees, minimum balance fees, or foreign transaction fees. Plus, access 60k+ fee-free ATMs at locations like Walgreens, 7-Eleven, CVS, and more. GET PAID UP TO 2 DAYS EARLY Get your paycheck up to two days early^ with direct deposit, earlier than you would with some traditional banks. MEET CREDIT BUILDER, A NEW WAY TO BUILD CREDIT Whether it’s for gas or groceries, use Credit Builder¹ to increase your FICO® Score by an average of 30 points² with regular on-time payments. No interest, no annual fees, no credit check to apply. PAY ANYONE WITH NO TRANSFER FEES Send money to friends, family, or roommates as fast as a text – with no transfer fees. ––––– Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The this app Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. The this app Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. Debit card and Credit card may be used everywhere Visa credit cards are accepted. *this app SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the this app Checking Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's this app Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the this app mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at this app's discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or this app Checkbook transactions. See Terms and Conditions. ‡Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM. ^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. ¹To be eligible to apply for Credit Builder, you need to have received a qualifying direct deposit of $200 or more to your Checking Account within 365 days of your Credit Builder application. See http://this app.com/applycb for details on qualifying direct deposit. ²Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score. this app received the highest 2021 Net Promoter Score among competitors in the industry according to Qualtrics®.
Top Reviews
By cmb101009
Happy customer!
Very happy customer! Even though there is no stand-alone bank, I have had an excellent experience with this app. 1) I like getting paid early 2) No overdraft fees, love the Spotme feature 3) Ease of use 4) I love that I view my card in the app, it sounds lazy, but I’m tired of pulling out my card every time I want to buy something online (lol). 5) I love that my mom and I both got $50 when she referred me to sign up for an account. What an awesome referral program for everyone. 6) You can turn your debit card transactions on/off with the click of an app. (I forget to turn it back on sometimes! I’ve embarrassed myself at a store a time or two.) Also, there are many ATM locations near me that are free of charge. I like that I can “round-up” to save if I’d like, or set 10% of my direct deposit aside. this app has been compatible with PayPal and Apple Pay to send money to people. With that being said, I use cash at most restaurants / gas stations / stores, I don’t like my card number being out there. I had debit card fraud with my old bank account. I have not had that incident happen with this app and I hope that it never does. Not revenant to the app or bank- but cashiers at the store always say the card is a cute color lol.
By Perry Jacksen
The best bank I’ve ever used!
I have been using this app for years now. My favorite things about this service are spotme (lets you spend 20 dollars past your 0 balance to hold you over in a pinch) sms notifications (texts you whenever money is spent - perfect for tracking automatic payments that come out randomly!) and the UI (easy to read menu/ overall transparency. I have it set up with direct deposit so I get my money 2 days earlier than my co-workers. I can transfer money from this account to any of my other accounts (credit union, PayPal, Venmo) with no fees. I’m just blown away. Haven’t had an overdraft fee since I started using this app. I tell all my friends about it and I hope this app grows to change the way we manage all financial aspects of our lives. I would love a feature that acts as a savings account but locks the money in until you have reached your goal amount. I tend to transfer my savings to my checking regularly but end up with no money at the end of the week. Would love to not have the option to spend my savings! Overall great bank - 5 stars - will continue using for the foreseeable future! Why can’t every bank be like this?
By Dhmacf
Best decision I was forced to make!!
Unfortunately due to a career loss, having to start over and struggling financially for 3 years I had no other choice but to file bankruptcy. I was told by my legal counsel that the bank account I had would potentially freeze my limited funds because one of my credit cards was linked to my checking. They encouraged me to seek a new checking account so I could maintain what money I had. Because my credit was now poor, I was denied by two other banks a checking account. Most big banks now run your credit along with Check Systems to deem you a desirable customer. I researched my options and found this app on a tech blog. I’m so very glad I found it! It is no frills checking and savings with a super simple app. It’s a traditional debit card in every sense. It’s Visa so you can use it virtually anywhere! Get cash back with groceries. Tons of ATM’s through money pass with NO fees! I know it may not be for everyone, but if you are sick of big banks and all their fees and tactics, I encourage you to give this app a try. I’m very grateful to have an option like this app. It saved me a lot of grief at a time when I’m already feeling insurmountable pressure.
