The Chime Spending Account is for just that: spending. Marketing Disclosure Chime Spending Account Key Features

Automatically transfer 10% of every paycheck to your savings.

Save by rounding up every purchase to the nearest dollar.

Receive direct deposits up to two days early.

Access to 60,000 fee-free MoneyPass® and Visa Plus Alliance ATMs.No monthly maintenance, service, overdraft or foreign transaction fees.You can also make cash deposits at retail stores within the Green Dot® network, like CVS and 7-Eleven. You can use this to withdraw money from any one of the 60,000 fee-free ATMs that Chime is partnered with through the MoneyPass® and Visa Plus Alliance ATM networks. Between the Apple and Android app stores, Chime’s app holds an average rating of 4.65 stars out of 5.Īll Chime account holders are handed a Chime Visa® debit card free of charge. In fact, account holders can utilize mobile check deposit, Chime’s free “Pay Friends” peer-to-peer mobile payments feature, an ATM locator and more.

Accounts holders can also take advantage of two automated savings features called 'Round Ups' and 'Save When I Get Paid' to help increase their savings balance.īecause Chime is available only via online and mobile devices, the services on these platforms are as plentiful as what any traditional bank can offer. The Spending Account is essentially fee-less, as you won’t encounter any overdraft, monthly service, transfer or foreign transaction charges. On top of this, you can get your paychecks and tax refunds as much as two days early when you set up direct deposit through your Chime accounts.Ĭhime's savings option, the Chime Savings Account, offers a solid 2.00% annual percentage yield (APY), although Chime reserves the right to change that at any time. While some online banks institute a maximum balance for their APYs, Chime does not, nor does it call for a minimum balance to earn that rate. The company offers two distinct accounts: the checking account-inspired Spending Account and the optional Chime Savings Account. Those looking for a simple mobile- and web-based financial app will likely find Chime appealing.

Is chime good for direct deposit