How do you open a bank account online with Chime?

By Melanie Lockert
April 2, 2020

Whether you want to open your first bank account or switch to a new one, it can be a daunting process. You may be wondering “How long does it take to open a bank account?” or, “What do I need to open a bank account?” You may also feel unsure about the next steps.

Here’s the good news: it’s not difficult to open a new bank account, especially if you do so online. If you want to open up an online bank account, there are multiple options out there, including Chime. Chime offers a Spending Account with no hidden fees that makes managing your money a breeze — all from the comfort of your smartphone.


Open a bank account online for free

Better banking for everyone.

Get paid up to 2 days early¹ with direct deposit and grow your savings. No hidden fees.² No surprises.

Chime Online Banking App and Debit Card

Free to sign up and takes less than 2-minutes!

Apply Now


 

How to open a Chime online bank account in 3 simple steps

If you’re ready to open an online bank account with Chime, you can set your worries aside as signing up for Chime takes less than two minutes. The best part? It’s completely free. Here’s what you need to do:

Step 1: Apply for a Chime Spending Account

To apply for a Chime Spending Account account, you’ll need to share the following information:

  • Your first and last name
  • Social security number (SSN)
  • Email and a password

This will help financial institutions verify your identity to help minimize money laundering and fraud. After Chime reviews and confirms your information, you’re in! 

Note: All members must be a U.S. citizen and at least 18 years of age.

Step 2: Download the Chime app

Chime offers an online bank account and a mobile banking app. You can download the app for free from the Google Play Store or Apple App Store.

With Chime, you can sign up for a Spending Account as well as a Savings Account. Your spending account can be used to:

  • Deposit your money
  • Manage your transactions
  • View your balance

Your Chime Spending Account also comes with a free Visa debit card.  

Step 3: Set up your direct deposit with Chime

You can easily set up direct deposit by providing your employer with your Chime routing and account numbers, on your direct deposit form. 

You can find this information in the app under Settings, as well as the Move Money section. If you’re switching bank accounts and starting fresh with Chime, you can make a transfer from your old checking account to your new Chime Spending Account. 

Manage your money with Chime’s online bank account, all from your phone

Once you’ve deposited money into your Chime Spending Account, you’re ready to go!. You can start to use your card, manage your transactions, view your balance, and stay on top of your money with alerts. 

Here are some benefits of banking through Chime:

  • No hidden fees²
  • Fee-free overdraft³
  • No monthly maintenance fees or minimums
  • No foreign transaction fees 
  • Access to 38,000+ fee-free MoneyPass® and Visa Plus Alliance ATMs. Out-of-network fees apply 

By using Chime, you can save money on fees and effortlessly manage your money on-the-go. Plus, you’ll be able to save more – without even thinking about it.

Opening a bank account doesn’t have to be scary or hard. If you’re ready to make the switch, follow these 3 steps to join the Chime family! 💚


¹ Early access to direct deposit funds depends on timing of payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.
² Out-of-Network cash withdrawal fees apply. Third-party and cash deposit fees may apply.
³ Chime SpotMe is an optional, no fee service that requires you receive $500 in direct deposits a month to qualify to overdraw your account up to $20 on debit card purchases. Chime, in its sole discretion, may allow you to overdraw your account up to $100 or more based on your Chime Account history, direct deposit history and amount, spending activity and other risk-based factors. Your Limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your Limit. Your Limit may be increased or lowered at any time by Chime.

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Melanie Lockert is the founder of the blog and author of the book, Dear Debt. Her work has appeared on Business Insider, Time, Huffington Post and more. She is also the co-founder of the Lola Retreat, which helps bold women face their fears, own their dreams and figure out a plan to be in control of their finances.

Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

Please note: By clicking on some of the links above, you will leave the Chime website and be directed to an external website. The privacy policies of the external website may differ from our privacy policies. Please review the privacy policies and security indicators displayed on the external website before providing and personal information.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank and Stride Bank N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

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