The Chime Checking Account has no minimum balance fees or monthly service fees, so you don’t need to dig into your wallet to open the account, nor pay to keep it open.Īnd, if you get short on funds, you automatically have a fee-free overdraft up to $200 with SpotMe®. But Chime doesn’t look at such reports and touts that it can help you rebuild your finances. You could be denied a new account because of black mark on your banking record (maybe you didn’t pay an overdraft fee). Similar to your credit score, you also have a banking score. But you won’t find other types of banking features, such as loan opportunities or certificates of deposit (CDs). Instead, Chime works with partner banks (Bancorp Bank and Stride Bank) to provide a savings, a checking and a credit builder account. About ChimeĬhime is a financial technology company, also called a “fintech,” not a regular bank. Note: account details and annual percentage yields (APYs) are accurate as of November 3, 2023.
Bank branches or online only: Online only.
