Is Chime a bank?

Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC We’ll spot you up to $200 on debit card purchases with no overdraft fees. Eligibility requirements apply. 1 Set up direct deposit and get your paycheck up to 2 days earlier than some of your co-workers! 2

Does chime offer FDIC insurance?

It’s important to point out that Chime - although not a bank - does offer FDIC insurance on all accounts. That means your money is just as safe with Chime as it would be with an online bank or any traditional bank. Let’s take a closer look at some of the Chime accounts on offer to learn more.

Can I open a chime account?

It’s a financial technology company offering banking services through other partner financial institutions. However, you can still open a Chime Spending Account, Chime Credit Builder Account or even a Chime Savings Account. Chime also offers the Chime card, to make spending and withdrawals just as easy as if you had a regular bank account.

What is chime & how does it work?

Chime was launched back in 2013 to provide a modern alternative that serves everyday people better than traditional banks¹. Chime isn’t a bank. It’s a financial technology company offering banking services through other partner financial institutions.