Want to Make STACKS of Cash?

Join the weekly Finance Stacks newsletter for expert advice on stacking extra cash.

Error subscribing. Try again! Your subscription could not be saved. Please try again.
Congratulations it's time to start stacking money. Congratulations it's time to start stacking money. Please check your inbox for the confirmation email.
5.0
rating_greenrating_greenrating_greenrating_greenrating_green

 3 Reviews

Interest & Costs

rating_bluerating_bluerating_bluerating_bluerating_blue

Flexibility & Terms

rating_greenrating_greenrating_greenrating_greenrating_green

Website & Functionality

rating_greenrating_greenrating_greenrating_greenrating_green

Support & Service

rating_greenrating_greenrating_greenrating_greenrating_green
Features
  • Fee-free overdraft up to $200* through our feature, SpotMe®
  • No Monthly, Annual, or Membership fees
  • More than 60,000 ATMs
  • Get paid up to 2 days early with direct deposit
Pros & Cons
  • Optional High-Yield Savings Account with competitive APY
  • Get direct-deposited funds up to two days early*
  • Secured credit card with no credit check
  • Difficult to deposit cash
Exclamation Mark Icon Not in partnership with Financer.com.
Chosen 609 times
  • Personal loans from $5,000 to $50,000
  • Application will not impact your credit score
  • Available in all 50 U.S. states
Chosen 152 times
  • Send money abroad in over 30 currencies
  • Unlimited free ATM withdrawals at in-network ATMs
  • Manage your finances in one place
  • Save money with Revolut Rewards

Chime Review

Chime Financial, Inc offers everyday banking services with a range of benefits. The fintech company provides a secured credit card and a bank account with no monthly fees. Complete with overdrafts up to $200.

Chime works with a network of more than 60,000 ATMs across the US.

How We Rate Chime

At Financer.com, all apps go through a thorough research and review process. Here’s how we rate Chime:

CategoryRating
Fees⭐⭐⭐⭐⭐
Application process⭐⭐⭐⭐
Security⭐⭐⭐⭐
Transparency⭐⭐⭐⭐
Customer support⭐⭐⭐⭐
Overall⭐⭐⭐⭐

Do We Recommend Chime?

Yes, we recommend Chime as a reliable financial app. Skip to our full review below and see how we rate Chime.

Here’s what we’ll cover in this review:

Want to skip the details? Jump to our final verdict here.

Chime Overview

Chime is a financial app offering a range of banking products Stride Bank and Bancorp Bank with more than 14 million customers.

Here’s a quick summary of Chime:

OverviewFeatures
Accounts:Checking, credit builder, savings
Overdraft:Up to $200
APR:7.90% – 29.99%
Min. credit score:580
Monthly fees:None
Requirements for a credit builder card:– Chime Checking Account
– Direct deposits of $200 and more

Chime allows you to receive your direct deposits up to two days early, build credit, send payments, and earn interest on savings.

Some of the best benefits of Chime is that it doesn’t charge monthly fees and offers free overdrafts of up to $200.

Chime Accounts

Chime offers three types of accounts: a checking account, a savings account, and a credit builder.

These options all have benefits to offer and you can choose what account you need based on your financial goals.

Checking Account

Chime’s checking account has no monthly fees and offers 24/7 mobile banking. It’s also easy to access cash anytime with 60,000+ ATMs worldwide.

With no overdraft fees you can get up to $200 fee-free with SpotMe, should you qualify. The negative balance is then added and applied to your next deposit.

Friends can also boost each other and this can increase your SpotMe limit. There are no fees to use SpotMe.

Another great feature of the Chime checking account is that you can get paid up to two days early. We’ll notify you as soon as the paycheck is available.

With access to your paycheck earlier, you can use it to pay bills or add it to your savings earlier. You’ll get an instant notification when you’re paycheck is ready.

Credit Builder

With the credit builder account you pay no annual fee and there is no credit check needed. You also don’t need a security deposit to open an account.

This makes the Chime Credit Builder account a great way to build your credit. You get a secured Visa credit card to help you build your credit profile with everyday purchases.

Chime also reports your payment history to all three major credit bureaus and members see an average of a 30-point increase in their credit*.

How To Apply

Simply open a Chime Checking Account and make a direct deposit of $200 or more and you’ll be ready to apply.

Savings

With the Chime Savings Account, you can earn 2.00% APY on your funds and boost your earnings further with the Automatic Savings feature.

Chime’s high-yield savings account offers you up to nine times the national average and has no monthly fees.

Another benefit of Chime’s savings account is that you can use Round Ups to automatically round up and save the change of your purchases.

You can also use the Save When I Get Paid feature to automatically help you save by saving a percentage each time your paycheck gets deposited.

Chime Pros and Cons

Pros

  • There are no monthly fees
  • Free debit card available
  • Allows you to build credit
  • Get paid up to two days early
  • Over 60,000 fee-free ATMs
  • High-yield savings account

One of the biggest benefits of a Chime bank account is that there are no monthly fees payable. You can build credit easily and save with a high-yield savings account.

Once you have qualifying deposits, you can get your paycheck up to two days early and access thousands of ATMs with a free debit card.

    Cons

  • No in-person branches

  • Check deposits are only available if your account gets direct deposits

One of the biggest drawbacks is that Chime doesn’t have in-person branches to assist customer services.

Chime Fees

As mentioned there are no monthly fees and no minimum balance requirements. When using ATMs, there are no fees unless you use ATMs that are out of Chime’s network, in which case you’ll be charged $2.50 per withdrawal.

There are also no:

  • Maintenance fees
  • Direct deposit fees
  • Overdraft fees

You can use the Chime app to deposit a check via mobile deposit.

Chosen 93 times
  • Fee-free overdraft up to $200* through our feature, SpotMe®
  • No Monthly, Annual, or Membership fees
  • More than 60,000 ATMs
  • Get paid up to 2 days early with direct deposit

How to Get a Chime Account

Step 1

Get started in minutes

Visit Chime and sign up in minutes.
Step 2

Verify your details

Fill in your personal details like you name, address, and Social Security Number.
Step 3

You’re account is open

Once your details are verified your account will be open and you can manage your account from the Chime app.

How Financer.com Rates Chime

Chime a digital bank that is ideal for those looking to build their credit without paying monthly bank fees.

With no fees and benefits like access to your paycheck faster, Chime is a great alternative to a traditional checking account.

We think the high-yield savings account is a great addition to your Chime account as it allow you to bank your change and get up to 2.00% APY on your savings.

Chime may not be the best option if you’re looking for a full-service banking suite though.

Security

Chime is FDIC insured up to $250,000 per deposit and they implement multiple security features to safeguard information.

Customers get real-time notifications for transactions on their account.

Fees

Since there are no banking fees Chime is a competitive option for digital banks.

Customer Service

Customer is available via phone 24/7 and you can chat with an agent live via the Chime app.

Tally App FAQs

How much does Chime cost?

cc

Chime Alternatives

Here’s a list of alternatives to Tally and how they compare:

LenderReviewsMonthly FeesAccount TypeDebit Card
Ally BankViewNoneCheckingYes
RevolutViewFrom $12.99CheckingYes
SoFiViewNoneCheckingYes

More Chime App Reviews

What Users On the Web Are Saying

Tally gets 2.8 out of 5 stars on Trustpilot, with mixed reviews:

Unfortunately, Chime doesn’t respond to all the reviews.

More User Reviews – Add Your Rating

Read more reviews on Financer.com from verified users below.

Have you used Chime before? Leave your review now.

* Based 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.

Was this article helpful?

Be the first one to give feedback

Our Commitment to Transparency
At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.

Reviews of Chime

Chime is rated 13 out of 179 companies in total rating and got an average review score of 5 based on 3 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
Customer reviews
Filter reviews Close Icon
All reviews
Credit card reviews
Savings account reviews
Sort by Close Icon
Newest
Best rated
Worst rated
Most helpful
SA
samwilliamson654 13 reviews | May 24, 2023
General Review
rating_greenrating_greenrating_greenrating_greenrating_green
Post reply
MA
maryrutherford654 10 reviews | May 24, 2023
General Review
rating_greenrating_greenrating_greenrating_greenrating_green
Post reply
SS
St SS 1 review | August 24, 2021
Credit Card Review
rating_greenrating_greenrating_greenrating_greenrating_green
Upsides
Credit builder card
Downsides
The old “suspicious” account activity trick!! Yep, emailed me once telling me my accounts were closing in 48 hours! I had over $2600 alone in the credit card portion and over $1600 in checking…it took 5 months to get the money from the card!!!
Post reply

Rate & Review Chime

Not convinced?

Visit their official website and learn more about Chime

We use cookies to give you the most relevant experience. By using our site, you accept all cookies and our privacy policy. To find out more about what cookies we use you can go to privacy overview