• Free to sign up
  • No monthly fees

  • Get paid early (paycheck)
  • Overdraft $100 with no fees
  • Free Chime to Chime payments
  • Credit builder card
  • Savings account

Chime bank review

Chime Bank is an American digital banking company, with its headquarters based in San Francisco. It provides customers with a spending account, a Visa debit card, and a savings account. Chime bank does use The Bancorp Bank and Stride Bank N.A as its banking partners. This means that clients deposits are FDIC insured up to $250,000 through The Bancorp Bank or Stride Bank N.A.. Chime Bank is a real bank in a sense that its banking services are provided by partners full-banks.

Getting Chime Bank account

Chime’s sign-up process is quick and free. Begin by downloading the Chime app and then follow their simple application process, requiring an email, address, phone number, and valid identification. To get a Chime bank account, you must be over 18 years old, be a US citizen, and have a smartphone.

Instead of the variety of monthly plans that several challenger banks offer, Chime Bank offers a fully-fledged deposit account for free, with no hidden fees and a savings account included that includes money-saving features and tools.

The user experience with Chime begins when you add funds. There are multiple ways to do this, your account number and routing number mean that your employer can pay you directly into your Chime account, or you can transfer deposits yourself. Chime only supports specific banks for their transfer service. Customers should refer to the list to ensure their bank is on there. It is also possible to deposit cash to your Chime account via retail locations that support Green Dot, of which there is over 90,000 in the USA.

Chime bank mobile app

The Chime bank app itself is excellent, and other users seem to agree, rating it 4.7/5 on the iOS App Store. It’s easy to navigate, allowing users to make the most of the innovative tools made available on this platform. One feature works to round up payments and place the extra in your savings account, while another automatic saving feature will place 10% of direct deposits into your savings. Other useful features on the app include getting paid up to two days early and split the bill tools that make modern life that bit easier.

Savings, loans, and cashback

The savings account comes with a range of automatic tools to maximize your savings effortlessly.

As of right now, Chime does not offer a cashback service.

Loans are not currently available from Chime. However, they offer a fee-free overdraft, allowing users to overdraw up to $100 without being charged a fee.

For travel

Chime also offers some perks for international traveling, especially their eradication of foreign transaction fees, often a burden on travelers. They also work with over 38,000 fee-free ATMs and 30,000 cashback locations.

Chime bank review. Conclusion

Chime Bank is an effective and convenient option for those who would prefer to do their banking digitally. It also offers one of the US’s quickest options for starting a bank account, and it is free. FDIC insurance means this is a safe place to keep your money and to grow your savings. 

  • It’s a free, no-frills spending account
  • There are no overdraft fees
  • Free ATM withdrawals over a large network
  • Options for automatic saving
  • Get paid early

As the other Chime bank reviews, topmobilebanks.com ranks Chime Bank as one of the USA’s top digital-only banking options.