Chime Comparison to Traditional Bank Offerings Substantiation

¹ For 5% cash back on a category of your choice, the comparison is between secured credit cards offered at these institutions:

• Chime: With Chime Card and Chime Prime, a member gets 5% cash back on a category of their choice
• BofA: Making a direct deposit of $3,000 does not unlock a higher cash back at BofA.
  • BofA Customized Cash Rewards Secured Credit Card offers 3% on category of choice
  • BofA Unlimited Cash Rewards Secured Credit Card offers 1.5% on all purchases
• Wells Fargo: does not offer a secured credit card.
• This comparison excludes any first year bonus offers.

² For 3.75% Savings APY, the comparison is between:

• Chime: 3.75% Savings APY that a member could earn with a Chime savings account and Chime Prime
• BofA: 0.04% Savings APY which is the maximum Savings APY you can earn with the Bank of America Advantage Savings account
• Wells Fargo: 0.05% Savings APY which is the Savings APY for the Platinum Savings account at Wells Fargo

⁴ For fee-free banking, the comparison is between the fees associated if you do not meet the qualifying criteria for the checking account

• Chime Checking Account: does not charge any maintenance fees or minimum balance fees
• BofA Core Checking Account: $12 monthly maintenance fee unless you make at least one qualifying direct deposit of $250 or more OR maintain an average daily balance of $1,500 or more
• Wells Fargo Everyday Checking Account: $10 per month unless you meet a qualifying criteria