Chime
fee-free mobile banking with credit-building tools and early paychecks
How it works
Chime is a financial technology company that provides fee-free mobile banking through FDIC-insured partner banks. Its Spending Account comes with a Visa debit card, access to 60,000+ fee-free ATMs, and early direct deposit up to two days early. Built-in savings tools like Round-Ups and Save When I Get Paid automate saving, while the Credit Builder secured card helps you build credit without a credit check or interest charges.
Is it right for you?
Consider if you
- You want no-fee banking with no credit check to open an account
- You are rebuilding credit and want a secured card with no credit pull
- You want early direct deposit up to 2 days early with automated savings
Skip if you
- People who need joint accounts, wire transfers, or cashier's checks
- Those concerned about rising CFPB complaints and reports of sudden account closures
- Anyone who wants in-person banking at physical branches
Your money and data
Chime is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. and Stride Bank, N.A., both Members FDIC. Deposits are FDIC-insured up to $250,000 through these partner banks.
Pros & Cons
Pros
- No monthly fees, no overdraft fees, no minimum balance requirements
- Credit Builder card reports to all three bureaus with no credit check
- SpotMe fee-free overdraft up to $200 with qualifying direct deposit
Cons
- No joint accounts, wire transfers, or cashier's checks available
- Customer support complaints and CFPB complaints have risen significantly in 2025-2026
- Direct deposit required to unlock most features including SpotMe and Credit Builder
Pricing details
$0/month · no monthly fees · no minimum balance · tiered membership (Chime/Plus/Prime) at no subscription cost
On chime.com · We may earn a commission
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