Chime Bank Spending Account Review

Chime Bank Spending Account is offered by Chime Bank, a bank founded in 2012 and based in Wilmington, DE. Chime Bank Spending Account is available in 50 states (and Washington, DC).

Are checking accounts from Chime Bank federally insured?

Yes, your Chime Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Chime Bank offer?

Chime Bank Spending Account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Chime Bank Spending Account?

Chime Bank Spending Account does not require a minimum initial deposit.

What fees does Chime Bank Spending Account charge?

The good news is that this account does not charge a monthly maintenance fee.

What features and perks does Chime Bank Spending Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Check images with statement - Reconciiling your accounts ank complying with document retention standards is easier when you have access to a copy of your checks.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Get paid early - If you fund your account with a payroll direct deposit and request this service, you can collect your salary early.
• Mobile Banking Services - Chime Bank Spending Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.