Here’s what you need to know about its features, advantages, disadvantages, and overall suitability. If all you need is a low-cost checking and savings portal that helps you save every day, Chime could be your financial app.

But you should read on to learn more about what Chime has to offer. You won’t find any CDs, money markets, investment options, or loan products here - other than a handy but limited secured credit card. If you expect it to be, you’re setting yourself up for disappointment. And Chime has a cool automated savings feature that takes the grunt work out of setting funds aside.Ĭhime is definitely not a full-service online financial services provider. Fees are minimal: There’s no monthly maintenance fee for the Chime Checking Account, for instance. It’s an FDIC-insured savings account, and a Visa debit card connected to the checking account. Every account holder gets an FDIC-insured checking account, known as the Chime Checking Account.

It’s a mobile-first solution for on-the-go consumers serious about saving and spending wisely.Īnyone with a U.S. Chime® merges the best attributes of traditional deposit accounts and automated savings apps in a sleek, low-cost package.

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