Tired of banking fees eating away at your balance? Chime® offers a no-fee, online-only alternative with early paydays, automatic savings, and tools to build your credit—even if your history isn’t perfect.
Unlike traditional banks that nickel-and-dime customers with hidden charges, Chime skips monthly maintenance fees, overdraft fees, and foreign transaction fees. Everything is managed through a user-friendly mobile app, making it easy to track spending, set savings goals, and stay on top of your finances.
If you’re looking for a banking option that keeps things simple and puts more money back in your pocket, Chime might be the right fit.
Chime Checking Account
Chime’s checking account is designed to eliminate common banking headaches like minimum balance requirements, overdraft fees, and maintenance charges. It’s a fully digital account with built-in tools to help you manage everyday spending.
- Instant transaction alerts through the app
- No minimum balance or deposit requirements
- Fee-free overdraft protection with SpotMe (up to $200 for eligible users)
- No paper checks, but Chime can mail checks on your behalf via the app
- Bill pay features allow you to send payments without needing checks
Chime Savings Account
Chime’s high-yield savings account helps you grow your money automatically without extra work. You’ll need a Chime checking account to open one, but there are no monthly fees or minimums.
- 2.00% APY on all balances (as of latest update)
- No minimum deposit or monthly maintenance fees
- Automatic savings tools to round up purchases or transfer a portion of your paycheck
Secured Chime Credit Builder Visa® Credit Card
The Chime Credit Builder Secured Visa® Card helps improve your credit score without fees or interest. It’s available to Chime checking account holders with qualifying direct deposits.
- You set your own credit limit by moving money from your checking account
- No credit check to apply
- No interest charges or annual fees
- No minimum security deposit
- Payments reported to all three major credit bureaus
Key Chime Features
Chime packs in several features that go beyond basic banking. From getting paid early to building credit, these tools are designed to simplify your finances and help you keep more of your money.
Automatic Savings Program
Chime makes it easy to save without thinking about it. You can round up every debit card purchase to the nearest dollar, and the spare change goes directly into your savings account. You can also automate transfers from each paycheck, so saving becomes a routine part of getting paid.
Early Direct Deposit
Chime lets you access your paycheck up to two days early when you set up direct deposit. As soon as Chime receives the payment file from your employer, the money hits your account—no waiting until payday.
Mobile Support
Chime’s app gives you full control of your finances from your phone. You can track spending, deposit checks, block your card, and receive real-time transaction alerts—all in one place. The app is available for both iOS and Android.
Customer Service
Support is available, but it’s not the same as walking into a local branch. If you run into problems, you’ll need to contact Chime by phone or chat through the app. For people who prefer face-to-face help, this could be a drawback.
Fee-Free ATM Access
Chime offers access to over 60,000 fee-free ATMs through the MoneyPass and Visa Plus Alliance networks. You can also withdraw cash at Walgreens without paying a fee, which adds more convenience if you regularly deal with cash.
Fee-Free Cash Deposits at Walgreens
You can deposit cash directly to your Chime checking account at more than 8,000 Walgreens locations across the U.S.—without paying a fee. That gives you more access points than most traditional banks.
Pay Anyone
Chime’s peer-to-peer payment feature, Pay Anyone, lets you send money instantly to friends—even if they’re not Chime members. If the recipient isn’t on Chime, they’ll get a text or email to claim the funds.
SpotMe Overdraft Protection
SpotMe lets eligible members overdraw their account by up to $200 without fees. It kicks in automatically when your balance runs low and you try to make a debit card purchase.
No Hidden Fees
Chime’s accounts come with no monthly fees, no minimum balance requirements, and no overdraft or foreign transaction fees. Out-of-network ATM withdrawals are the only common charges, and they’re clearly disclosed.
Chime Deals
Through a partnership with Upside, Chime now offers cash-back deals on everyday purchases. These rewards are automatically applied, so you don’t have to activate anything or jump through hoops.
Chime Reviews
Chime earns consistently high marks from customers across major review platforms. On Trustpilot, over 75% of reviewers give Chime a 5-star rating, often pointing to the app’s simplicity, early direct deposit, and lack of fees as standout features.
The Chime mobile app is rated 4.8 out of 5 stars in the Apple App Store and 4.6 out of 5 on Google Play. Users praise the app’s clean interface and real-time transaction alerts, which make it easy to manage money on the go.
Positive reviews frequently highlight:
- No surprise fees
- Fast resolution of fraudulent transactions
- Easy credit-building tools
On the flip side, some customers report slow response times from customer service, especially during high-demand periods. Others mention that cash deposits at third-party retailers can sometimes be delayed or come with extra fees if not made at Walgreens.
If you’re comfortable with an app-first experience and don’t need in-person service, most users find Chime to be a reliable, low-cost option.
Alternatives to Chime Bank
If you’re considering opening a bank account with Chime, chances are you’ll also be interested in checking out some of Chime’s competitors. That kind of research can take a lot of time, but we’ve got you covered.
SoFi
SoFi stands out with its hybrid “SoFi Checking and Savings” account, offering both high yields and practical features. The account offers up to 3.80% APY on savings and a 0.50% APY on checking balances, with no monthly fees. SoFi’s early direct deposit feature lets you access your paycheck up to two days early, and the platform provides FDIC insurance up to $2 million. Overdrafts up to $50 are covered if you have qualifying direct deposits.
New SoFi customers can enjoy a welcome bonus ranging from $50 to $300, depending on the direct deposit setup. The platform also offers access to over 55,000 Allpoint® ATMs, making it a convenient choice.
Upgrade
Upgrade’s Rewards Checking Plus account merges convenience with cost efficiency, featuring no monthly fees, overdraft fees, or transfer fees. With direct deposits, customers can earn up to 2% cash back on everyday debit card purchases. Upgrade’s early direct deposit feature allows access to paychecks up to two days early.
Upgrade partners with Cross River Bank to offer a Premier Savings account with a 4.02% APY, with funds FDIC-insured up to $250,000.
Current
Current is a financial services company providing three different products for customers online. This forward-looking online bank offers a checking account geared towards cashback rewards, peer-to-peer transfers, and even an earlier payday with direct deposits. You also won’t pay any monthly fee with a Current account.
Current also offers their take on traditional savings accounts, with what they call Savings Pods. Current offers 4.00% annual percentage yield on savings (up to $6,000). This makes it a great option for those looking to earn and benefit from no-fuss digital checking.
Varo
Varo is a digital banking platform which focuses on convenience and low fees. Varo accounts don’t require a credit check. They also have no monthly fee or overdraft fees. Plus, they provide customers with a 55,000+ network of no-fee ATMs. You can even open a savings account with Varo and save at an APY of up to 0.5%.
With Varo you can’t make or receive wires to or from your account, so to add funds, you’ll need an alternative. Direct deposits from an existing bank account or digital check deposits are two of the most common routes people use to fund their Varo accounts.
Bottom Line
When it comes to managing your money, consumers have more options than ever. For those seeking an online-only banking solution, Chime offers a compelling option. Chime’s focus on reducing fees makes it an attractive choice for those who want to save more of their hard-earned money. With user-friendly features, no hidden fees, and a strong customer satisfaction rating, Chime provides a streamlined and cost-effective banking experience.
Chime’s offerings, such as early direct deposit and fee-free ATMs, cater to modern banking needs. If you’re looking for a bank that aligns with your desire to save on fees while providing essential banking services, Chime could be a great fit. Additionally, Chime’s commitment to customer service, coupled with its simple and intuitive approach to financial management, further reinforces its appeal as a reliable banking partner.
Frequently Asked Questions
Is Chime legit?
Yes. Chime is a real financial technology company that partners with two FDIC-insured banks: The Bancorp Bank and Stride Bank. This means your deposits are insured up to $250,000—just like they would be at a traditional bank.
Does Chime charge any fees?
Chime is known for offering a nearly fee-free banking experience. You won’t pay monthly maintenance fees, overdraft fees (if you’re enrolled in SpotMe), or foreign transaction fees. The only common charge is a $2.50 fee for using an out-of-network ATM.
What do I need to open a Chime account?
To open a Chime account, you must be at least 18 years old and a U.S. citizen or legal resident. You’ll need to provide your Social Security number and a valid home address—there’s no credit check required.
How does Chime help build credit?
Chime offers the Secured Chime Credit Builder Visa® Credit Card, which is available to checking account holders with direct deposits. You set your spending limit by moving money from your checking account, and Chime reports your on-time payments to all three major credit bureaus.
Can I use Chime if I’ve had banking issues in the past?
Yes. Chime doesn’t use ChexSystems. It’s on our list of top banks that don’t use ChexSystems. So, if you have a troubled banking history, no worries, you can still get an online bank account.
How do I deposit cash to my Chime account?
You can deposit cash at more than 60,000 retail locations using the Green Dot network, including CVS, Walmart, and Walgreens. Walgreens is the only partner that allows fee-free deposits—other retailers may charge a small fee.
What happens if my Chime card is lost or stolen?
You can instantly disable your card in the Chime app to block unauthorized charges. Then, request a replacement card, which usually arrives within 7–10 business days. Chime debit cards are covered by Visa’s Zero Liability policy for fraud protection.
Does Chime support international purchases?
Yes. You can use your Chime debit card to make purchases or withdraw cash abroad without foreign transaction fees. Just keep in mind that international ATM withdrawals may still incur third-party or out-of-network fees.
