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Chime Review 2026

Chime is a financial technology company offering mobile-first banking services through its partnerships with banking institutions. Popular for its fee-free approach and early direct deposit.

Founded

2012

Headquarters

San Francisco, CA

Total Assets

N/A

Branches

Online Only

BankingDeal Rating

Based on rates, fees, features, and customer satisfaction

4.2

out of 5.0

Rates & Fees

ProductRate / Fee
Savings APY2.00%
12-Month CD APYN/A
Checking Monthly Fee$0

Rates shown are for illustration. Verify current rates directly with Chime.

Products Offered

Checking Accounts
Savings Accounts
Secured Credit Card

Pros & Cons

Pros

  • No monthly fees or minimum balance
  • Early direct deposit up to 2 days
  • Automatic savings features
  • SpotMe overdraft protection
  • Large fee-free ATM network

Cons

  • Not technically a bank (banking services provided by partners)
  • No CDs or investment products
  • Limited product range
  • No joint accounts

Our Verdict

Chime is a solid choice for those who prefer online banking and want competitive rates without monthly fees. No monthly fees or minimum balance, making it a strong contender in the online banking space. While savings rates at 2.00% are lower than online competitors, the convenience of branch access and comprehensive product offerings may offset this for many customers.

Related Resources

How to Open a Savings Account
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Compare Savings Accounts by State
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Frequently Asked Questions

Is Chime a good bank?

Chime has a rating of 4.2/5 on our scale. No monthly fees or minimum balance. However, not technically a bank (banking services provided by partners). Whether it is right for you depends on your specific banking needs and priorities.

What is the savings account APY at Chime?

Chime currently offers a savings APY of 2.00%. Online banks may offer higher rates, though Chime provides other benefits like branch access. Rates are subject to change. Verify current rates directly with Chime.

Does Chime charge monthly fees?

Chime offers checking accounts with no monthly maintenance fee.

What products does Chime offer?

Chime offers Checking Accounts, Savings Accounts, Secured Credit Card. As an online-only bank, all services are available through their website and mobile app.

Where is Chime headquartered?

Chime is headquartered in San Francisco, CA. Founded in 2012, Chime Financial, Inc. has grown to manage N/A in total assets. It operates exclusively online with no physical branch locations.