Chime Comparison to Traditional Bank Offerings Substantiation

Table of Contents

  1. For 5% cash back on a category of your choice, the comparison is between secured credit cards offered at these institutions:
  2. For 3.75% Savings APY, the comparison is between:
  3. For fee-free banking, the comparison is between the fees associated if you do not meet the qualifying criteria for the checking account:

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

For 3.75% Savings APY, the comparison is between:

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