Chime® Checking Account
📍 Available in: US
★★★★★ 4.5 / 5.0
Chime is a financial technology company (banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC) built specifically for everyday workers tired of punitive bank overdraft fees or locked out by ChexSystems history. Chime does not run a ChexSystems or credit check when you open an account. Once you receive $200+ per month in qualifying direct deposits, you unlock SpotMe®—which spots you up to $200 on debit card purchases and cash-back withdrawals with $0 overdraft fees, simply deducting the negative balance from your next direct deposit.
Key Facts at a Glance
| Cost / Fee Structure | $0 |
| APY / Rewards Yield | 0.00% Checking (2.00% APY on Linked Chime Savings) |
| Minimum Deposit / Balance | $0 |
| FDIC / SIPC / Regulatory Protection | Up to $250,000 (via Bancorp / Stride Bank) |
| ATM Network & Rebates | 50,000+ Fee-Free ATMs (Walgreens, CVS, 7-Eleven) |
Pros & Cons
✓ Pros
- ✓Approves applicants who were denied by traditional banks due to past ChexSystems records
- ✓SpotMe® covers up to $200 in negative debit balances with $0 mandatory overdraft fees
- ✓Free cash deposits at Walgreens registers (retailers outside Walgreens charge up to $4.95)
✕ Cons
- ✕Charges $2.50 for out-of-network ATM withdrawals
- ✕Savings APY (2.00%) is less than half of top High-Yield Savings Accounts like SoFi or Marcus
Key Features
No ChexSystems or Credit Score Check Required to OpenSpotMe® Fee-Free Overdraft Protection from $20 up to $200Get Paid Up to 2 Days Early with Direct DepositFree Physical Cash Deposits at Over 8,500 Walgreens® LocationsPairs with Chime Credit Builder® Secured Visa to Build Credit History