Chime Is Bringing Financial Education to 10 Million Across the United States by 2027

April 9, 2024
Chime Is Bringing Financial Education to 10 Million Across the United States by 2027

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Chime Is Bringing Financial Education to 10 Million Across the United States by 2027

Chime® kicks off Financial Literacy Month with a bold commitment to bring financial education to 10 million people across the United States over the next three years.Fueling this commitment is a new financial progress hub in the Chime app, dynamic community education events, and expanded access to innovative and tailored financial literacy curriculum powered by Zogo®.

Chime believes financial education should be approachable and accessible. As financial education isn't often a required course in most schools across America, many people are missing out on the critical building blocks for creating a stable financial future and don't have resources readily at-hand for practical money advice. In fact, according to a recent study¹ published by the National Financial Educators Council®, the lack of financial education cost Americans more than $388 billion in 2023.

Aligned with Chime's mission to unite everyday people to unlock financial progress™, we are empowering millions of everyday people to take control of their finances:

⇒ Financial Progress Resource Hub: Chime's award-winning app is the most loved banking app in the country with more than 1M 5-star reviews combined on Google Play™ and the App Store®. Now, with a few clicks, Chime members can quickly access relatable financial education content that is trusted and relevant to them.

⇒ Community Events: Over the next three years, Chime will host a series of Feels Like Progress™ financial education events in our members' communities across America. The events will bring hands-on learning, in-person experts, and take-home resources to our members and their communities.

⇒ Learn & Earn: Through Chime's partnership with Zogo, people can access bite-sized, gamified lessons where users can complete lessons to earn real rewards. People can sign up using the access code "CHIME" for customized lessons, rewards, and more.

"We know many people didn't grow up learning about personal finance. We want to be a true partner on your financial journey. It's never too late to learn about managing your money. We're here to help."

– Kira Traore, Head of Corporate Social Impact at Chime

Financial Progress for Everyone

Over the next three years, Chime also plans to continue growing its involvement in other resources for everyday people, including:

⇒ Money Moves: The Chime blog is home to free articles teaching the basics, from managing debt and understanding credit to better money habits and budgeting basics.

⇒ Higher education: The Chime Scholars Foundation (CSF) is a non-profit organization that awards annual, renewable scholarships of up to $5,000 to low-income students. CSF helps everyday people build a better future through higher education.

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FAQs

Is ChimeⓇ a bank?

Chime is not a bank. Chime is a financial technology company that partners with The Bancorp Bank,

N.A. and Stride Bank, N.A. to offer banking products like checking and savings accounts. Learn more in Chime's guide to no-fee checking accounts.

How many members does Chime have?

Chime serves millions of Americans. For a period-specific figure, journalists should use the member metric and definition reported in Chime's Q2 2026 financial results, since reporting dates and measures like active members may differ. Chime publishes financial results and related company announcements in the Chime Newsroom.

Does Chime offer financial planning tools for budgeting, saving, and investing?

Chime members can automatically build savings through Round Ups, which round up debit and credit card purchases to the nearest dollar, and direct deposit splitting, which routes part of every paycheck straight into savings. (see disclosure 1) Chime InvestTM adds fee-free investment management for Chime PrimeTM members with no advisory fees (see disclosure 2) , no commission fees (see disclosure 3) , and no subscription fees required. Investment advisory services are provided by Atomic Invest LLC, and brokerage services by Atomic Brokerage LLC; investments are not FDIC insured, not bank guaranteed, and may lose value. (see disclosure 4)

These are self-directed financial tools rather than individualized financial planning, tax, or investment advice, and feature availability may depend on a member's account or membership tier.

Does Chime have a credit card?

Chime offers the secured Chime Visa® Credit Card, designed to help eligible members build credit (see disclosure 5) . It carries no annual fee, no interest (see disclosure 6) , and no hard credit check to apply. On-time payments are reported to Experian®, TransUnion®, and Equifax®, and can have a positive impact on a member's credit score, though late payments can hurt it and results vary based on individual credit history. (see disclosure 7)

Does Chime give cash back, and how does Chime cash back work?

Yes. Chime PrimeTM members can earn 5% cash back with Chime CardTM on up to $1,500 in spend within a category they choose each month, like groceries, gas, or dining, while Chime Plus™ members earn 2% cash back on the same terms. (see disclosure 8) Cash back is only earned on transactions that meet the applicable offer terms, and rates, categories, limits, and posting times may vary by offer and membership tier.

What is Chime PrimeTM?

Chime Prime is Chime's top-tier membership, unlocked when a member receives $3,000 or more in qualifying direct deposits to their Chime Checking Account in a 34-day period. (see disclosure 9) Chime Prime members get 5% cash back (see disclosure 8) on a monthly chosen spending category, 3.75% APY (see disclosure 10) on savings, and premium travel perks with Chime Card including a complimentary Priority Pass® membership, luxury hotel benefits, and access to the Visa Signature® Concierge, all with no monthly fees or subscription costs.

Learn more on Chime's membership tiers page.

Does Chime have rewards, and what rewards does it offer?

Yes. With qualifying direct deposits, members earn 5% cash back as a Chime Prime™ member or 2% cash back as a Chime Plus™ member on up to $1,500 of eligible Chime Card™ purchases in a category they choose monthly. (see disclosure 8) Chime Prime members also earn 3.75% APY (see disclosure 10) on savings, while Chime Plus members earn 2.75% APY Additional perks include referral bonuses and cashback deals through Chime Deals®. (see disclosure 11)

What is Chime InvestTM?

Chime Invest is Chime's commission-free investing feature, giving Chime PrimeTM members a way to invest alongside their everyday checking and savings accounts with no advisory fees (see disclosure 12) , no commission fees (see disclosure 3) , and no subscription fees. Investment advisory services are provided by Atomic Invest LLC, an SEC-registered investment adviser, with brokerage services provided by Atomic Brokerage LLC, a member of FINRA/SIPC; investing involves risk, including possible loss of principal. (see disclosure 4)

Does Chime help with taxes, and how can I get my tax refund faster?

Chime members can file taxes for free (see disclosure 13) through the Chime app, and a federal tax refund sent by direct deposit can arrive up to 5 days early. (see disclosure 14) Chime doesn't provide tax advice, so members should check with a tax professional for guidance specific to their situation. (see disclosure 15)