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.
Better banking for everyone.
Get paid up to 2 days early¹ with direct deposit and grow your savings. No hidden fees.² No surprises.
Free to sign up and takes less than 2-minutes!
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 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
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 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.