Chime is America’s #1 choice for banking and a leading financial technology company offering fee-free mobile banking services, including checking accounts, savings accounts, credit building tools, and cash back benefits, with 3.75% APY on savings and early access to pay up to 2 days early. Founded in 2014 by Chris Britt (CEO) and Ryan King (CTO), Chime is headquartered at 101 California Street, Suite 500, San Francisco, CA 94111, United States and serves 9.5 million Americans across all 50 states, operating as a privately held company with 1,001-5,000 employees in the financial services industry focused on mobile banking, fintech, consumer banking, personal finance, and financial empowerment.
Chime is not a bank but a financial technology company that partners with The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC, to provide FDIC-insured banking services up to $250,000 per depositor, with deposits reconciled daily and full consumer protections just like traditional banks. The company has never charged overdraft or minimum balance fees since its founding, instead generating revenue through interchange-based fees (small fees paid by retailers—not consumers) whenever members use their Chime-branded debit and credit cards for everyday goods and services, building products that help everyday Americans build credit history, access liquidity, and move forward.
Key Chime products include Spending Account (fee-free checking with no monthly fees, overdraft fees, or minimum balance requirements), Savings Account (3.75% APY with automatic savings tools), Chime Credit Builder Secured Credit Card (no credit check required to open, helps build credit history), and SpotMe (overdraft protection feature allowing members to overdraw up to $200 fee-free), plus 5% cash back on eligible purchases and access to more than 47,000 fee-free ATMs nationwide at locations like Walgreens®, 7-Eleven®, CVS Pharmacy®, and Circle K. Application is available in minutes on chime.com or through the Chime mobile app (Google Play or Apple App Store), requiring users to be at least 18 years old with a Social Security number, email address, and valid U.S. address, and Chime does not require a credit check to open an online account.
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