Cryptocurrency Q&A Why is Chime not a real bank?

Why is Chime not a real bank?

GyeongjuGloryDaysFestivalJoy GyeongjuGloryDaysFestivalJoy Thu Nov 28 2024 | 7 answers 1242
I've been wondering about Chime. People say it's convenient and has some great features, but I also hear it's not a real bank. I want to understand why that is. What makes Chime different from traditional banks? Why is Chime not a real bank?

7 answers

BitcoinWarrior BitcoinWarrior Sat Nov 30 2024
It collaborates with two established banks to offer its services.

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JejuJoyfulHeartSoulMate JejuJoyfulHeartSoulMate Sat Nov 30 2024
Users of Chime can enjoy no-fee checking and savings accounts.

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GinsengBoostPowerBoostVitality GinsengBoostPowerBoostVitality Sat Nov 30 2024
In addition, the platform provides debit cards to its customers.

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ChristopherWilson ChristopherWilson Sat Nov 30 2024
Chime also offers a range of other financial services to its users.

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Alessandra Alessandra Sat Nov 30 2024
Chime is viewed as a neo-bank rather than a traditional financial institution.

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