Chime® is a financial technology company, not a bank. Banking services, credit, and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

Second chance banking through Chime®

Open a second
chance bank account.

Unlock financial progress™ at Chime. Open a checking or savings account through Chime no matter your background:

  • No ChexSystems®
  • No credit check
  • No monthly fees

Don't let your past
affect your future.

Consumer reporting agencies like ChexSystems track your banking history and report it to financial institutions. With a few overdrafts or late fees, you could have trouble opening a new checking account somewhere else.

Not at Chime. We offer a checking and savings account with no monthly fees – no matter what’s on your ChexSystems report.

No monthly fees.

Second chance banking through Chime does away with many common fees. Our accounts have:

  • No monthly maintenance fees
  • No overdraft fees
  • No foreign transaction fees

Saving for your future.

Grow your emergency fund – with a little help from Chime:

  • 2.00% Annual Percentage Yield (APY¹) on all funds in your Chime Savings Account
  • Automatic savings features that help grow your money faster
  • No minimum balance requirements

Simplifying money management.

Get, spend, and manage your money more easily with:

  • 60,000+ fee-free ATMs²
  • Chime Visa® Debit Card for simple spending
  • Early access to your paycheck up to 2 days early³ with direct deposit

Protecting your money.

Chime is the #1 most loved banking app⁴, with plenty of security features to help keep your hard-earned money safe, including:

  • Real-time transaction alerts
  • Instant card block
  • FDIC insurance up to $250,000
    through our banking partners⁵

Second chances
for everyone.

When we say everyone can get second chance at banking through Chime, we mean it.

You can open a savings and checking account through Chime even if you have a history of overdrafts or bounced checks, had a previous account closed because of unpaid fees, or have a bad credit score.

Banking and fees resources.

What is Second Chance Banking?

Learn more

How Do You Open an Account Online Through Chime?

Learn more

How to Avoid Monthly Maintenance Fees

Learn more
A woman sits at her desk reviewing her finances.

What Are Overdraft Fees? How to Avoid Them

Learn more

Grow Your Money Faster With a Chime High-Yield Savings Account

Learn more

FAQs

Do banks look at your credit score when you apply to open a bank account?

Banks do not look at your credit report when you apply to open a bank account.6 If you have bad credit – or no credit history at all – it’s still possible to apply. However, many banks and credit unions look at reports by consumer reporting agencies like ChexSystems. Some financial institutions may deny your application if you have a history of late fees or overdrafts.

What financial institution does not use ChexSystems®?

Many financial institutions use ChexSystems and other reports before approving you to open a bank account. If you have blemishes on your report, this can make it challenging to open a new bank account. Chime is one of a few financial institutions that does not look at ChexSystems; we don’t let your past money issues impact your ability to bank through us. That’s the power of second chance banking through Chime.

What information appears on a ChexSystems report?

Consumer reporting agencies like ChexSystems build reports based on your banking activities. Your ChexSystems report will include checking account applications, openings, and closing – including involuntary account closures. Activity such as overdrafts and late fees will also show on your ChexSystems report.

Who is eligible for second chance banking options through Chime?

Second chance banking through Chime is open to individuals who may have encountered difficulties accessing traditional banking due to blemishes on consumer reporting agency reports. Chime’s goal is to provide banking services to a wider range of people. To be eligible for a Chime Checking Account, you must have a valid Social Security number, be at least 18 years old, be a citizen or a permanent resident of the 50 United States or Washington, DC, use a United States Post Office-recognized residential mailing address, and not have an existing account with Chime.

How does Chime’s Automatic Savings feature work?

Chime offers two helpful Automatic Savings features.

  • When turned on, the Round Ups feature automatically rounds up debit card purchases to the nearest dollar and transfers the spare change from your Chime Checking Account to your Savings Account.
  • Chime’s Save When I Get Paid feature makes it easy to save money from your paychecks every month. All you need to do is sign up for direct deposit with Chime. If you turn this feature on, Chime automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your Savings Account when you get paid.

What fees are associated with second chance banking through Chime?

Chime offers a fee-friendly experience. The Chime Checking Account is designed to reduce financial burdens by not imposing monthly fees, minimum balance requirements, overdraft fees, or foreign transaction fees. Cash withdrawal and third-party fees may apply to Chime Checking Accounts. Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

Will I ever be charged an overdraft fee through Chime?

No. If you do not have sufficient funds in your Chime Checking Account, or have reached your SpotMe® limit (if enrolled), then your Chime Visa® Debit Card will be declined.⁷ There is no fee for declining transactions or for utilizing SpotMe.

Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card and the Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit and credit cards are accepted. Please see the back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

Third-party trademarks referenced for informational purposes only; no endorsements implied.

¹ The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.

² Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

³ Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

⁴ Chime received the highest 2022 Qualtrics® NPS score.

⁵ Deposits in Chime accounts are FDIC insured through The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

⁶ Information from Experian’s “Do You Need a Credit Score to Open a Bank Account?” as of January 22, 2024: https://www.experian.com/blogs/ask-experian/do-you-need-credit-score-to-open-bank-account/

7 SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your physical Chime Visa® Debit Card or secured Chime Credit Builder Visa® Credit Card.

Qualifying members will be allowed to overdraw their Chime Checking Account up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime's sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.

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