9 Top Online Banks like Chime

Chime is a fintech company with banking services provided by its partner banks. Chime offers a free checking account, and a savings account with up to 1.00% APY for regular members or up to 3.00% for Chime+ members. The fintech also has a credit-building card with no annual fee or interest charges. But it lacks some features like a clear-cut rewards program, and you can’t open a joint account or deposit cash with an ATM. While it’s a top competitor among online banks and fintechs, other online banks like Chime with different strengths might fit your needs better.

9 top online banks like Chime

• Ideal for all-in-one: SoFi Checking and Savings
• Ideal for credit building: Current
• Ideal for high yield savings: Revolut
• Ideal for rewards: Varo Bank Account
• Ideal for teens: Step Visa Card
• Ideal for college students: Mine debit card (formerly Fizz)
• Ideal for Walmart shoppers: OnePay Cash
• Ideal for budgeting: Ally Bank Spending Account
• Ideal for travelers: Capital One 360 Checking

Finder Score	Fee	Minimum deposit to open	Annual Percentage Yield (APY)
Ideal for all-in-one
Finder score 9 Excellent SoFi Checking and Savings	Finder score 9 Excellent	$0 per month	$0	Up to 3.30%	Earn up to 4.00% APY on savings and $50 or $400 with direct deposit. Open a new SoFi Checking and Savings account by 31 December 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it Like Chime, SoFi has no monthly fees, overdraft fees or opening deposit requirements. SoFi is an FDIC-insured online bank with an all-in-one digital account called SoFi Checking and Savings. Chime doesn't offer the ability to open two accounts in one, making a switch to SoFi more streamlined. SoFi and Chime also have a plus membership option. With SoFi Plus for $10/mo, earn up to 3.30% APY on savings (or you can meet deposit requirements to get that rate without paying). For comparison, Chime's rates are 1.00% APY or 3.00% APY for Chime+. Also, SoFi's checking is interest bearing, offering up to 0.50% APY with no requirements. Chime's checking account isn't interest-bearing at all. Pros & cons Pros Up to 3.30% APY on savings 0.5% APY on checking No monthly fees, overdraft fees or opening deposit Cons Plus membership or deposit requirements for best savings APYs $4.95 fee for cash deposits
Ideal for credit building
Finder score 9.2 Excellent Current	Finder score 9.2 Excellent	$0 per month	$0	4.00% on balances of $0.01 to $2,000	Get a $100 referral bonus by inviting your friends to join Current. Once the person receives the invite link, applies your unique referral code, and makes qualifying Eligible Payroll Deposits of at least $200 within 45 days of opening the account, you and the referred friend each earn $100. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it Current is a fintech with banking services provided by Choice Financial Group and has very similar offerings to Chime. With a Current account, choose between a credit-building secured card or a debit card. Both come with a rewards program, no monthly fees, fee-free overdraft and budgeting features. Create up to three pods that can each earn 4% bonus on up to $2,000 by meeting deposit requirements, which is slightly higher than Chime's highest savings rate. Current also offers Paycheck Advances by meeting deposit requirements with no credit check, and the secured Current Build card has no interest charges or annual fees. Pros & cons Pros Up to 4% bonus with deposit requirements No monthly fees Budgeting, overdraft protection and cashback points Builds credit with Current's Build secured card Cons 3% late fee on the Current Build card Deposit requirements for best bonus on pods No joint accounts
Ideal for high yield savings
Finder score 9.6 Excellent Revolut	Finder score 9.6 Excellent	From $0 per month	$0	5.50% on balances of $0+ 4.50% on balances of $0+ 4.00% on balances of $0+	Join Revolut and get $20. Make your first virtual or physical Revolut card payment to receive $20 credited to your Revolut account. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it Revolut and Chime are both fintech companies with banking partners. Revolut has three plans to choose from, including the Standard plan for $0 per month. Where Revolut beats Chime is its international perks, offering no foreign transaction fees, currency exchanges and multi-currency spending. Its savings APYs are also higher than Chime, offering up to 4% APY in its High Yield Account with the Standard plan. However, to get the highest APYs and most perks, you’ll need a paid plan ($9.99 or $16.99/month). And just like Chime, Revolut is an online fintech so you won’t have access to in-person support. Pros & cons Pros High savings APYs $0 Standard plan option Global spending and currency exchanges Kids banking Virtual cards and custom card designs Cons Online only Highest APYs requires paid plan
Ideal for rewards
Finder score 9.6 Excellent Varo Bank Account	Finder score 9.6 Excellent	$0 per month	$0	N/A	Go to site View details Compare product selection Compare	loading	Why we like it Varo is very comparable to Chime, but Varo's checking account has a major leg up thanks to its great cashback rewards. You'll earn up to 6% in cash back with select merchants, which is unusually high for a checking account. Similar to Chime, Varo's checking account has no monthly fees, opening deposit requirement, overdraft fees or foreign transaction fees. Opening Varo's checking account also unlocks the savings account, which earns up to 5% APY on up to $5,000 with some direct deposit requirements, whereas Chime's savings account only earns up to 3.00% with Chime+. Also, unlike Chime, Varo is directly insured by the FDIC and accepts cash deposits for a fee. Pros & cons Pros Up to 6% cash back Optional savings account with up to 5% APY No monthly, foreign or overdraft fees Directly FDIC insured up to $250,000 Cons Up to $5.95 fee for cash deposits No joint accounts
Ideal for teens
Finder score 9.4 Excellent Step Visa Card	Finder score 9.4 Excellent	$0 per month	$0	3.00% on balances of $0 to $250,000	Go to site View details Compare product selection Compare	loading	Why we like it Chime doesn’t provide accounts for teens, making Step a similar teen alternative. Step is a fintech offering a secured card backed by the Step deposit account. There's no opening deposit, monthly fees or interest charges. Step is heavily designed for teens and young adults to start building a credit history without the risk of accumulating debt, offering anyone under 18 to get the card with adult approval and sponsorship. Chime requires you to be at least 18 years old to open its secured card. A Step account also offers up to 3% in savings rewards on your savings balance by meeting deposit requirements, and you can earn cashback rewards, open its optional investing platform and teens can learn financial literacy through its Money 101 course. Chime doesn't have an investing platform or similar educational resources. Pros & cons Pros No credit check APR or monthly fees Open to kids with adult sponsorship Savings and cashback rewards Optional investing platform and financial literacy course Cons No phone support
Ideal for college students
Finder score 9.4 Excellent Mine debit card (formerly Fizz)	Finder score 9.4 Excellent	From $5 per month	$150	N/A	Earn 1,000 points ($10 value) when you download the Mine app and enter code FINDER. T&Cs apply.	Go to site View details Compare product selection Compare	loading	Why we like it Similar to Chime, Mine (formerly Fizz) is a fintech company with banking services. The Mine card is heavily geared toward college students, and it's backed by an external checking account, making it more like a prepaid credit card. There's no APR, foreign transaction fees, late fees and, best of all, no credit check when you apply. The cashback rewards are also impressive, offering up to 25% cashback offers daily and sometimes flash offers from 75% to 100% cash back at a monthly rotating list of merchants such as Starbucks, Auntie Anne's and Jamba Juice. In comparison, Chime's secured card requires you to have its checking account. However, the Mine card has an annual fee that starts at $59.99 for students. Pros & cons Pros No APR No credit check High 25% to 100% cashback rewards Cons Annual fee starts at $59.99 for students Requires external bank account Not FDIC-insured Doesn't report to Equifax
Ideal for Walmart shoppers
Finder score 9.6 Excellent OnePay Cash	Finder score 9.6 Excellent	$0 per month	$0	3.35% on balances of $5,000 to $250,000 1.00% on balances of $0 to $4,999 1.00% on balances of $250,001+	For a limited time, earn 10% cash back at Walmart on your first purchase made within your first month, on up to $200 spent. T&Cs apply.	View details Compare product selection Compare	loading	Why we like it OnePay Cash is a digital, all-in-one account that offers a similar savings rate to Chime. To earn OnePay's 3.35% APY, you'll have to direct deposit at least $500 per month, or keep an average balance of least $5,000. Otherwise, your savings earns up to 1% APY. OnePay Cash also offers cashback rewards, such as up to 3% cash back at Walmart on up to $150 spent per month if you meet the same deposit requirements to earn the 3.35% APY. Like Chime, OnePay Cash doesn't charge any monthly fees, and it offers overdraft protection services. However, also like Chime, OnePay Cash also doesn't offer joint accounts. Pros & cons Pros No monthly fees All-one-account digital account High 3.35% APY on savings with eligible deposits Cashback rewards at Walmart Cons No joint accounts Limited phone support
Ideal for budgeting
Finder score 9.6 Excellent Ally Bank Spending Account	Finder score 9.6 Excellent	$0 per month	$0	0.25% on balances of $15,000+ 0.10% on balances of to $15,000	View details Compare product selection Compare	loading	Why we like it Similar to Chime but slightly better, Ally is an online bank with free checking and savings accounts, integrated budgeting features, and a full suite of products and services. Create up to 30 customizable buckets to organize your spending and build a budget in checking and savings, and earn up to 0.25% APY on checking balances over $15,000, and 0.1% APY on balances under $15,000. Chime's and Ally's savings rates are similar, but Ally's earns up to 3.30% APY on all balance tiers and no deposit requirements. And unlike Chime, Ally also offers a money market account, certificates of deposit and supports joint accounts. But Ally doesn't have a way to accept cash deposits. Pros & cons Pros No fee checking and savings Buckets for budgeting Higher APYs than Chime Accepts joint accounts;Offers CDs and MMAs Cons No cash deposits
Ideal for travelers
Finder score 9.2 Excellent Capital One 360 Checking	Finder score 9.2 Excellent	$0 per month	$0	0.10% on balances of $0.01+	Earn a $250 bonus with 360 Checking. Open a new account on or after August 22, 2024 using the promo code CHECKING250, then set up and receive at least 2 direct deposits of $500 or more within 75 days of account opening. T&Cs apply.	View details Compare product selection Compare	loading	Why we like it Capital One offers a broader range of banking services than Chime. Capital One is a hybrid between an online and traditional bank. Its 360 Checking online account is a top option for globetrotters, with no foreign transaction fees or currency transaction fees. You'll also get access to a network of 70,000 ATMs, earn up to 0.1% APY on your balance and enjoy no overdraft fees or monthly fees. While the APY on that account isn't as high as Chime's savings rates, Capital One also offers its 360 Savings account with a 3.30% APY. Overall, Capital One is more like a full-service bank than Chime, offering more products like traditional credit cards, kids banking, loans and CDs, and some physical branches in a handful of states. You can also easily add a joint owner to your Capital One accounts, while Chime offers no joint account options at all. Pros & cons Pros No foreign or currency transaction fees with 360 Checking High 4.3% APY on 360 Savings Branches in few states More products and services than Chime Cons High $30 outgoing wire transfer fee Some accounts charge overdraft fees

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Compare top online banks like Chime

See how Chime competitors stack up, including SoFi, Varo, and Capital One.

How Chime compares

Chime has a lot going for it. It offers a no-fee checking account, the well-known overdraft service Chime SpotMe, automatic savings features and more. Chime’s savings account APY isn’t too shabby either, offering up to 0.75% APY with no monthly fees, or up to 3.00% APY for Chime+ members. Chime Card™ secured card has no interest charges, requires no credit check, doesn’t charge APR, and has no minimum opening deposit requirements. On the downside, you’ll need the Chime Checking Account to get the secured card, and to earn the best savings rate, you’ll need Chime+ ($200+ in monthly direct deposits). And as an online fintech, Chime doesn’t have any physical locations, and you can’t deposit cash via ATM.

Frequently asked questions

• Is there a Chime business account?

  No, Chime does not offer business bank accounts. Compare top free business checking accounts, or the best business savings accounts..

• What bank is most similar to Chime?

  Chime and Current are very similar. They're both fintech companies with partner banks, have fee-free checking and savings accounts, use the Allpoint ATM network, offer a credit-building card, have overdraft services and require similar deposit requirements to earn their best available APY. The two fintechs also have similar downsides, as neither supports joint accounts or has any physical branches.

• Is Chime or SoFi better?

  Chime and SoFi are very similar, but SoFi has more to offer. SoFi's checking earns interest, you'll get a higher APY on savings and SoFi supports joint accounts. SoFi also has an investing platform and various lending products, things that Chime lacks. For a full comparison, see our SoFi vs. Chime review.

• What are the easiest online banks to open?

  If you have a clean banking history, any of the top online banks and fintechs like Chime, SoFi or Varo are pretty easy to open, just requiring some basic information and filling out an online application. Chime is one of the easiest places to get a checking or savings account since it doesn't use ChexSystems, which is a bureau that keeps a record of your banking history. If your banking history isn't super great, consider a second-chance bank account.

• Are there free online banks like Chime?

  Yes, there are plently of online banks like Chime with no monthly fees, such as SoFi, Varo, Current, Ally and OnePay Cash. Compare more free online bank accounts.

To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Bethany Hickey

Banking editor

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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