Offer value details
Chime says it 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.
Qualification requirements
A Chime Savings Account requires an active Chime Checking Account. Chime says Plus requires at least one $200 qualifying direct deposit or $400 in cumulative qualifying direct deposits during the preceding 34 days, while Prime requires at least $3,000 during the preceding 34 days. Chime's current official pages agree on 0.75% standard and 3.75% Prime APY but conflict on whether Plus earns 2.75% or 3.00%; rates are variable and the app should be checked before relying on the Plus rate.
Fees and costs
Chime says its checking account has no minimum balance requirement, monthly fees, overdraft fees, or fees for using direct deposit. Chime lists a $2.50 out-of-network ATM or over-the-counter cash withdrawal fee and a 1.75% instant-transfer-out fee.
Availability
Available to approved U.S. Chime applicants. Cash deposit timing and fees can depend on the third-party retail location used to add funds.
What to verify
- Chime is not a bank; banking services are provided by partner banks.
- APY is variable and membership-tier rules can change.
- Current official Chime pages conflict on the Plus APY, listing either 2.75% or 3.00%; confirm the rate shown in the app.
- Savings funds must be transferred before direct payments or purchases can be made.
- Out-of-network ATM, over-the-counter cash withdrawal, retail cash deposit, or instant-transfer fees can apply.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.