➢ A credit card with no credit check to apply, no annual fee/interest, and no security deposit required. ➢ A savings account that offers a very competitive 0.5% APY interest rate. ➢ A checking account that comes with no fees and a Visa debit card.
As far as their accounts, they only have three options total: Let’s take a look at the top 3 reasons to bank with Chime.Ĭhime hangs its hat on two advantages: simple online banking and no fees. So does that mean that they are worthy of your business? However, despite being a much younger company, their all-digital focus has certainly made a splash in the industry as they are valued at $30 billion and prepping to go public in the near future.
They partner with another bank to provide all of the services on the back end. Chime is technically a technology company that has put together a sleek digital user interface for clients, similar to what Robinhood has done for investing. Chime Bank is one of the more recent players in the banking industry and just recently passed 12 million customers in early 2021.
