8 Best Online Banks Like Chime: The Closest Alternatives

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Chime is a fintech company with banking services provided by its partner banks. Chime offers a free checking account, a savings account with up to 2% APY and a credit-building card with no annual fee or interest charges. But it lacks some features like a cashback or points reward program, and you can’t open a joint account or deposit cash. While it’s a top competitor among online banks and fintechs, other online banks like Chime with different strengths might fit your needs better.

Top online banks like Chime

For all-in-one: SoFi Checking and Savings
For college students: Fizz debit card
For teens: Step
For rewards: Varo
For credit building: Current
For Walmart shoppers: OnePay Cash
For budgeting: Ally
For travelers: Capital One 360 Checking

Alternative for all-in-one

SoFi Checking and Savings

9 Excellent

Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until January 31, 2026.

Go to site on SoFi's secure site Read review

SoFi® is an FDIC-insured online bank with an all-in-one digital account called SoFi Checking and Savings. Similar to Chime, there are no monthly fees, overdraft fees or opening deposit requirements. Chime doesn't offer the ability to open two accounts in one, making a switch to SoFi more streamlined. And unlike Chime's low 2% APY, SoFi allows you to earn up to 3.80% APY on savings by setting up direct deposit which makes you a Plus member. You could also earn the high savings APY by paying $10 per month for the Plus membership, or you can deposit at least $5,000 per month for that tasty rate. And automatically, you earn 0.50% APY on your checking account with no requirements. Chime's checking account isn't interest-bearing at all. SoFi also accepts cash deposits, unlike Chime, but you'll pay $4.95 per deposit.

APY	Up to 3.80%
Fee	$0 per month
Minimum deposit to open	$0

SoFi® is an FDIC-insured online bank with an all-in-one digital account called SoFi Checking and Savings. Similar to Chime, there are no monthly fees, overdraft fees or opening deposit requirements. Chime doesn't offer the ability to open two accounts in one, making a switch to SoFi more streamlined. And unlike Chime's low 2% APY, SoFi allows you to earn up to 3.80% APY on savings by setting up direct deposit which makes you a Plus member. You could also earn the high savings APY by paying $10 per month for the Plus membership, or you can deposit at least $5,000 per month for that tasty rate. And automatically, you earn 0.50% APY on your checking account with no requirements. Chime's checking account isn't interest-bearing at all. SoFi also accepts cash deposits, unlike Chime, but you'll pay $4.95 per deposit.
Pros

Up to 3.80% APY on savings

Up to 0.5% APY on checking

No monthly fees, overdraft fees or opening deposit
Cons

Deposit requirements for best APYs

$4.95 fee for cash deposits

Annual Percentage Yield (APY)	Up to 3.80%
Intro or bonus offer	Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until January 31, 2026.
Rewards	Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until January 31, 2026.
Fee	$0 per month
ATM transaction fee	$0
Overdraft fee	$0
Foreign transaction fee	0%

New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savingsis offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults)and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00%APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.

We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.

SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.

We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.

Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.

APY	Up to 3.80%
Fee	$0 per month
Minimum deposit to open	$0

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Dive deeper: SoFi vs. Chime: Which is right for you?

Alternative for college students

Fizz debit card

9.4 Excellent

Earn 1,000 points ($10 value) when you download the Fizz app and enter code FINDER.

Go to site on Fizz's secure site Read review

Similar to Chime, Fizz is a fintech company with banking services. The Fizz 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 and Chime's card doesn't have cashback rewards. However, the Fizz card has an annual fee that starts at $59.99 for students.

APY	N/A
Fee	From $5.99 per month
Minimum deposit to open	$150

Similar to Chime, Fizz is a fintech company with banking services. The Fizz 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 and Chime's card doesn't have cashback rewards. However, the Fizz card has an annual fee that starts at $59.99 for students.
Pros

No APR

No credit check

High 25% to 100% cashback rewards

Reports to all three credit bureaus
Cons

Annual fee starts at $59.99 for students

Requires external bank account

Not FDIC-insured

Annual Percentage Yield (APY)	N/A
Intro or bonus offer	Earn 1,000 points ($10 value) when you download the Fizz app and enter code FINDER.
Fee	From $5.99 per month
Nonsufficient funds fee	$0
ATM transaction fee	$0
Foreign transaction fee	0%

APY	N/A
Fee	From $5.99 per month
Minimum deposit to open	$150

Go to site on Fizz's secure site Read review

Alternative for teens

Step Visa Card

9.4 Excellent

Go to site on Step's secure site Read review

Step is a fintech offering a secured card backed by the Step deposit account. It requires no opening deposit and has no 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 — unlike Chime, which requires you to be at least 18 years old to open its secured card. A Step account also offers up to 4% 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. For comparison, Chime has no cashback rewards, no investing platform and has strict eligibility requirements for its secured card.

APY	4.00%
Fee	$0 per month
Minimum deposit to open	$0

Step is a fintech offering a secured card backed by the Step deposit account. It requires no opening deposit and has no 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 — unlike Chime, which requires you to be at least 18 years old to open its secured card. A Step account also offers up to 4% 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. For comparison, Chime has no cashback rewards, no investing platform and has strict eligibility requirements for its secured card.
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

Annual Percentage Yield (APY)	4.00% on balances of $0 to $250,000
Rewards	Cash back on select offers
Fee	$0 per month
Overdraft fee	$0

APY	4.00%
Fee	$0 per month
Minimum deposit to open	$0

Go to site on Step's secure site Read review

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Alternative for rewards

Varo

9.6 Excellent

Existing and new customers get a $25 referral bonus when signing up for a Varo Bank account. T&C apply.

Go to site on Varo's secure site Read review

Varo is very comparable to Chime, but Varo's checking account has a major leg up thanks to its 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, whereas Chime's savings account only earns up to 2%. Also, unlike Chime, Varo is directly insured by the FDIC and accepts cash deposits for a fee.

Fee	$0 per month
Minimum deposit to open	$0

Varo is very comparable to Chime, but Varo's checking account has a major leg up thanks to its 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, whereas Chime's savings account only earns up to 2%. Also, unlike Chime, Varo is directly insured by the FDIC and accepts cash deposits for a fee.
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

Annual Percentage Yield (APY)	N/A
Intro or bonus offer	Existing and new customers get a $25 referral bonus when signing up for a Varo Bank account. T&C apply.
Rewards	Earn up to $50 per month in cashback rewards
Fee	$0 per month
Nonsufficient funds fee	$0
ATM transaction fee	$0
Overdraft fee	$0
Foreign transaction fee	0%

Fee	$0 per month
Minimum deposit to open	$0

Go to site on Varo's secure site Read review

verified_user FDIC Insured

Alternative for credit building

Current

9.2 Excellent

Get a $50 referral bonus by inviting your friends to join Current. Once the person receives the invite link and makes qualifying deposits of at least $200 within 45 days of opening the account, you and the referred friend each earn $50

Go to site on Current's secure site Read review

Current is a fintech with banking services provided by Choice Financial Group and has very similar offerings to Chime. When you get a Current account, you can choose between a credit-building secured card or a debit card. Both cards come with an account offering 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 much higher than Chime's savings with a 2% APY. 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 and reports to TransUnion to help build a credit history.

APY	4.00%
Fee	$0 per month
Minimum deposit to open	$0

Current is a fintech with banking services provided by Choice Financial Group and has very similar offerings to Chime. When you get a Current account, you can choose between a credit-building secured card or a debit card. Both cards come with an account offering 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 much higher than Chime's savings with a 2% APY. 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 and reports to TransUnion to help build a credit history.
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

Annual Percentage Yield (APY)	4.00% on balances of $0.01 to $2,000
Intro or bonus offer	Get a $50 referral bonus by inviting your friends to join Current. Once the person receives the invite link and makes qualifying deposits of at least $200 within 45 days of opening the account, you and the referred friend each earn $50
Rewards	Earn up to 15x the points when you use your debit card at one of 14,000+ participating merchants
Fee	$0 per month
ATM transaction fee	$0
Overdraft fee	$0
Foreign transaction fee	3%

APY	4.00%
Fee	$0 per month
Minimum deposit to open	$0

Go to site on Current's secure site Read review

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Dive deeper: Current vs. Chime: Which is right for you?

Alternative for Walmart shoppers

OnePay Cash

9.6 Excellent

Earn 10% cash back at Walmart on your first purchase made within your first month, on up to $200 spent. Limited time offer. Earn 3% cash back at Walmart on up to $150 spent per month, with eligible deposits.

Go to site on OnePay's secure site Read review

One Finance's online, all-in-one account offers a much higher 3.75% APY than Chime's 2%. To earn the high 3.75% APY, you'll have to direct deposit at least $500 per month, or keep an average balance of least $5,000. If you don't meet the requirements, your savings still earns 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 3.75% 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 accept joint accounts.

APY	Up to 3.75%
Fee	$0 per month
Minimum deposit to open	$0

One Finance's online, all-in-one account offers a much higher 3.75% APY than Chime's 2%. To earn the high 3.75% APY, you'll have to direct deposit at least $500 per month, or keep an average balance of least $5,000. If you don't meet the requirements, your savings still earns 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 3.75% 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 accept joint accounts.
Pros

No monthly fees

All-one-account digital account

High 3.75% APY on savings with eligible deposits

Cashback rewards at Walmart
Cons

No joint accounts

Limited phone support

Annual Percentage Yield (APY)	3.75% on balances of $5,000 to $250,000 1.00% on balances of $0 to $4,999 1.00% on balances of $250,001+
Intro or bonus offer	Earn 10% cash back at Walmart on your first purchase made within your first month, on up to $200 spent. Limited time offer. Earn 3% cash back at Walmart on up to $150 spent per month, with eligible deposits.
Rewards	Earn 3% cash back at Walmart on up to $150 spent per month, with eligible deposits.
Fee	$0 per month
Overdraft fee	$0
Foreign transaction fee	0%

OnePay is a financial technology company, not a bank. Banking services provided by Coastal Community Bank or Lead Bank, Members FDIC.
10% cash back at Walmart: Only available to customers who initiate their account application through certain channels from 3/18/25 - 6/30/25. Cash back earned as OnePay Points. See terms at onepay.com/10percent.
3% cash back at Walmart: Cash back is earned as OnePay Points, redeemable as a deposit into a OnePay Cash account pursuant to the OnePay Rewards Terms. Only applies to OnePay Cash accounts that have either (i) received Direct Deposit totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ as of the last day of the previous month. This reward applies to purchases at U.S. Walmart locations and on Walmart.com only and may not be combined with other OnePay Cash promotions for cash back at Walmart.
Early Pay: Get paid up to 2 days early. Direct Deposit is required. Funds may be available up to 2 days in advance, depending on when your employer sends paycheck data.
3.75% APY on Savings with eligible deposits: 3.75% annual percentage yield (APY) applies to the Savings balance of OnePay Cash accounts that have either (i) received $500+ of Direct Deposit in the current or previous month or (ii) have a balance of $5,000+ at the end of the previous month. 3.75% APY is also earned on Pay Autosave balances without deposit or balance requirements. 3.75% APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 12/20/2024, but may change at any time before or after account opening.
ATM: Only applies to OnePay Cash accounts that have either (i) received Direct Deposit totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. For all other ATM transactions the OnePay ATM Fee will apply and third-party ATM fees may be incurred.
Overdraft Protection: Available to OnePay Cash accounts that have either (i) received Direct Deposits totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. You must be 18 or older to receive Overdraft Protection. When on, Savings Backup will be used before Overdraft Protection.
Overdraft balance is due right away. Transactions eligible for Overdraft Protection are at the discretion of OnePay and may exclude certain transactions (e.g., bill pay, global transfers). See details.

APY	Up to 3.75%
Fee	$0 per month
Minimum deposit to open	$0

Go to site on OnePay's secure site Read review

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Alternative for budgeting

Ally Bank Spending Account

8.6 Great

Read review

Very 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. You'll get budgeting 'buckets,' similar to the envelope budget method, with both the Ally Bank Spending Account and the Savings Account. Create up to 30 customizable buckets to organize your spending and build a budget. As a bonus, you can earn up to 0.25% APY on checking balances over $15,000 and 0.1% APY on balances under $15,000. The Ally Savings Account is also better than Chime's, offering a high 4.2% APY with no requirements, compared to Chime's so-so 2% savings APY. And unlike Chime, Ally also offers a money market account, certificates of deposit, and accepts joint accounts. But Ally doesn't have a way to accept cash deposits.

APY	Up to 0.25%
Fee	$0 per month
Minimum deposit to open	$0

Very 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. You'll get budgeting 'buckets,' similar to the envelope budget method, with both the Ally Bank Spending Account and the Savings Account. Create up to 30 customizable buckets to organize your spending and build a budget. As a bonus, you can earn up to 0.25% APY on checking balances over $15,000 and 0.1% APY on balances under $15,000. The Ally Savings Account is also better than Chime's, offering a high 4.2% APY with no requirements, compared to Chime's so-so 2% savings APY. And unlike Chime, Ally also offers a money market account, certificates of deposit, and accepts joint accounts. But Ally doesn't have a way to accept cash deposits.
Pros

No fee checking and savings

Buckets for budgeting

Higher APYs than Chime

Accepts joint accounts

Offers CDs and MMAs
Cons

No cash deposits

Annual Percentage Yield (APY)	0.25% on balances of $15,000+ 0.10% on balances of to $15,000
Fee	$0 per month
ATM transaction fee	$0
Overdraft fee	$0
Foreign transaction fee	1%

APY	Up to 0.25%
Fee	$0 per month
Minimum deposit to open	$0

Read review

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Alternative for travelers

Capital One 360 Checking

9.2 Excellent

Earn a $250 bonus with 360 Checking. No fees, no minimums. Terms and eligibility requirements apply.

Read review

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 2% APY on its savings account, Capital One also offers its 360 Savings account with a 4.30% 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.

APY	0.10%
Fee	$0 per month
Minimum deposit to open	$0

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 2% APY on its savings account, Capital One also offers its 360 Savings account with a 4.30% 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

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

Annual Percentage Yield (APY)	0.10% on balances of $0.01+
Intro or bonus offer	Earn a $250 bonus with 360 Checking. No fees, no minimums. Terms and eligibility requirements apply.
Rewards	No
Fee	$0 per month
Nonsufficient funds fee	$9
ATM transaction fee	$0
Overdraft fee	$0
Foreign transaction fee	0%
Paper statement fee	$5

APY	0.10%
Fee	$0 per month
Minimum deposit to open	$0

Read review

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Compare top online banks like Chime

See how Chime compares to its closest competitors such as SoFi, Varo and Capital One.

Bank or fintech	Products offered	Savings APY	Checking monthly fee
Chime	Chime Checking, Chime Savings, Chime Credit Builder Card, tax filing, lines of credit, credit cards	Up to 2.00% APY	$0
SoFi	SoFi Checking & Savings, personal loans, mortgages, investing	Up to 3.80% APY	$0
Fizz debit card	Credit-building secured card, cashback rewards	N/A	Starts at $5.99
Step	Credit-building secured cards, savings, kids’ banking, cashback rewards, investing	Up to 4% in savings rewards	$0
Varo	Varo account, savings, cashback debit card, cash advances, tax filing	Up to 5.00% APY on up to $5,000	$0
Current	Checking, savings, cashback rewards, credit-building secured card, paycheck advances, teen banking	Up to 4.00% savings bonus on up to $2,000 per pod	$0
OnePay Cash	Checking, savings, cashback rewards	Up to 3.75% APY	$0
Ally Bank	Checking, savings, credit cards, money market account, mortgages, personal loans, auto loans	Up to 3.6% APY	$0
Capital One	Checking, savings, kids’ banking, business financing, credit cards	Up to 3.6% APY	$0

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 2% APY with no monthly fees or minimum balance requirements. Chime Credit Builder secured card has no interest charges, requires no credit check, no APR, and no minimum opening deposit requirement. On the downside, you’ll need the Chime Checking Account to get the secured card and must have qualifying direct deposits of at least $200 per month. And unfortunately, Chime doesn’t offer any cashback rewards on its checking or secured credit card.

Pros

Free checking account
Decent 2% APY on savings
Secured credit card with no APR or credit check
Overdraft service called Chime SpotMe

Cons

No cashback rewards
Requires Chime checking for secured card
No joint accounts
No cash deposits

Frequently asked questions

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, has cashback rewards, you’ll get a higher APY on savings, and SoFi supports joint accounts. 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.

Thank you for your feedback!

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

Bethany's expertise

Bethany has written 449 Finder guides across topics including:

Personal finance
Banking
Auto loans
Insurance
Cryptocurrency and NFTs

More resources on Finder

High-yield savings accounts: What’s the catch? 53% of Americans to Open At Least One Unwanted Gift in 2024

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8 Top Online Banks like Chime

Close alternatives to Chime include SoFi®, Fizz, Step, Varo, Current and more.

Top online banks like Chime

Alternative for all-in-one

Alternative for college students

Alternative for teens

Alternative for rewards

Alternative for credit building

Alternative for Walmart shoppers

Alternative for budgeting

Alternative for travelers

Compare top online banks like Chime

How Chime compares

Pros

Cons

Frequently asked questions

What bank is most similar to Chime?

Is Chime or SoFi better?

What are the easiest online banks to open?

Bethany Hickey

Ask a question

More guides on Finder

8 Top Online Banks like Chime

Close alternatives to Chime include SoFi®, Fizz, Step, Varo, Current and more.

Top online banks like Chime

Alternative for all-in-one

Partner terms and conditions

Alternative for college students

Alternative for teens

Alternative for rewards

Alternative for credit building

Alternative for Walmart shoppers

Partner terms and conditions

Alternative for budgeting

Alternative for travelers

Compare top online banks like Chime

How Chime compares

Pros

Cons

Frequently asked questions

What bank is most similar to Chime?

Is Chime or SoFi better?

What are the easiest online banks to open?

Bethany Hickey

Ask a question

More guides on Finder

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