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How Chime Works
Make financial progress with Chime in a few easy steps.
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What is Chime?
Chime® believes basic banking services should be helpful, easy, and free. We offer banking products and services backed by national banks to meet the financial needs of everyday people. Unlike some traditional banks, Chime doesn’t rely on overdraft fees, monthly service fees, or minimum balance requirements. Chime even makes it easy to bank right from your phone.
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How to set up your Chime Account
Two minutes— that’s all you need to set up your Chime account. The best part? It’s completely free to sign up. Since time is money, we make the steps easy, quick, and secure.
1. Fill in the basics.
First, we’ll ask for your first and last name, a phone number and an email to connect you to your account.
2. Confirm your account.
Next, we’ll ask for your date of birth, Social Security number, home address, and to create a password. We use this information to protect your account, mail you your card(s), and stay in touch.
3. Verify your identity.
We’ll make sure you’re who you say you are. This won’t affect your credit score, and your information is secured by strong encryption.
What’s next?
Get the app and start using your account.
Get all the perks of the Chime mobile banking app. Check your balance on the go, pay your bills online, and transfer money to and from external bank accounts.
Get Chime’s best features when you direct deposit.
You’ll unlock access to MyPay, SpotMe® fee-free overdraft up to $200, Get Paid Early, and more.
Instantly receive up to $500 of your pay before payday whenever you need.1
Fee-free overdraft up to $2003 on any Chime card transactions or cash withdrawals.
Get your paycheck up to 2 days early with direct deposit, and set up notifications so you always know when it hits.
Open a Chime Checking Account in 2 minutes.
No credit check. No opening deposit requirement. No monthly fees.
Have questions about Chime?
Who can use Chime?
Individuals 18 years or older and a legal resident of the United States are welcome to apply.
What type of account am I opening when I enroll with Chime?
Chime is a full-featured checking account. Your account can receive direct deposits and it supports pre-authorized withdrawals and interbank transfers.
Chime gives you:
- A Chime Visa® Debit Card
- A mobile app so you can manage your money entirely from your smartphone
- An FDIC-insured deposit account through Chime’s bank partners, The Bancorp Bank, N.A. or Stride Bank, N.A.5
- An optional Savings Account that helps you save money without thinking about it6
Is the money in my Chime Account FDIC-insured?
Deposits in deposit accounts opened through Chime are insured up to the standard maximum deposit insurance amount of $250,000 through our partner banks, The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.5
Is the money in my Chime Account FDIC-insured?
Deposits in deposit accounts opened through Chime are insured up to the standard maximum deposit insurance amount of $250,000 through our partner banks, The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.5
Does Chime charge any fees?
We don’t believe in unnecessary fees or profiting from our members’ misfortune. We have no fees to sign up, no overdraft, no monthly or service fees, no minimum balance fees, and no foreign transaction fees. You can see all of our applicable fees for things like out-of-network ATM transactions and outbound instant transfers.
Cash deposits2 are fee-free for Chime members at checkout counters at Walgreens and Duane Reade stores. Cash deposits made at other locations may incur a fee, which is charged by the merchant, and not Chime.
While there is no mandatory fee to use MyPay and you can receive your advance fee-free within 24 hours of requesting it, you can have the option to get your MyPay advance instantly for a $2.00 fee.
What is Chime’s ATM Network?
We have a network of 50,000+ fee-free in-network ATMs7 for Chime members. Get fee-free transactions at any Moneypass ATM in a 7-Eleven location and at any Allpoint® or Visa Plus Alliance ATM. To find a fee-free ATM near you, download the Chime mobile app and tap on the ATM map.
Is Chime secure?
Our top priority is protecting our members. We use 128-bit AES encryption, access control, and security processes to ensure your money is safe with Chime. If you notice an unauthorized transaction, you can disable transactions on your Chime card immediately in the settings section of the Chime app and website to prevent further unauthorized card transactions.
Does Chime have Fee-Free Overdrafts?
Yes! Chime’s SpotMe feature lets you make card transactions and cash withdrawals that overdraw your account with no overdraft fees.3 Limits start at $20 and can be increased to $200. We’ll spot you when you need a little extra cushion to cover an expense.
When do I receive my Chime Visa® Debit Card after I open a Chime Checking Account?
After you open a Checking Account, your Chime Visa Debit Card is usually placed in the mail within one (1) business day after opening your Checking Account. It can take 7 to 10 business days for your Chime Visa Debit Card to arrive at your chosen address.
If you don’t receive your Chime Visa Debit Card within 10 business days of opening your Checking Account, please contact our Member Services team at 1-844-244-6363.
How does Chime make money?
Chime makes money primarily by collecting a portion of something called an interchange fee. An interchange fee (also called a swipe fee) is a fee that’s designed to cover the cost of processing debit or credit card transactions electronically. The merchant that accepts a debit or credit card as payment pays an interchange fee back to the card issuer. This is how Chime can continue building new and better products that help members get the most from their money.