3 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

  • 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
Author  Lorien Strydom
Last updated: October 3, 2023
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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:

Application process⭐⭐⭐⭐
Customer support⭐⭐⭐⭐

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:

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.


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

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.


  • 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 61 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.


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.


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?


Chime Alternatives

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

LenderReviewsMonthly FeesAccount TypeDebit Card
Ally BankViewNoneCheckingYes
RevolutViewFrom $12.99CheckingYes

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.

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Reviews of Chime

Chime is rated 16 out of 316 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.
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samwilliamson654 13 reviews | May 24, 2023
General Review
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maryrutherford654 10 reviews | May 24, 2023
General Review
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St SS 1 review | August 24, 2021
Credit Card Review
Credit builder card
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!!!
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