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Chime Spending account review

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Linked checking and savings accounts from a mobile-first bank that’s light on fees.’s rating: 4.7 / 5.0


Chime is an online bank with a unique premise: Its business model doesn’t revolve around profiting off your mistakes. It takes a different approach to banking, providing both a checking, or “spending,” account and a savings account when you sign up. Once your accounts are open, you’ll be able to manage your money, make transfers, set up automatic deposits and more. If you’re tired of getting nickeled and dimed by big banks and don’t mind doing most of your banking online, Chime might be right for you.


Monthly fee




Minimum deposit to open


Monthly fee$0
Minimum deposit to open$0
ATMs38,000 fee-free ATMs nationwide
ATM transaction fee$0
Out-of-network ATM fee$2.50
Foreign transaction fee0%
Overdraft fee$0

Expert review

Kevin Joey Chen

Review by

Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Lifehacker and He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- including credit cards, apps and budgeting software.

Expert review

Chime offers many consumer-friendly features, and for many people it’s a step up from big banks. Still, it’s not for everyone. You might want to sign up for Chime if you hate paying random fees for your bank accounts and want an automatic way to grow your savings account.

However, you might want to keep looking if you want a higher interest rate on your savings account or if you tend to do most of your banking at branches.

What are the benefits of the checking account with Chime Spending account?

In many ways, Chime is an improvement on most banks. Its fees are best in class and its unique account system can help you reach your financial goals:

Banking like it should be

  • Protection. Chime security protects your information and prevents unauthorized use. Plus, your deposits are covered by FDIC deposit insurance up to $250,000.
  • Easy access. Access your money anytime, anywhere using the Chime website or through the mobile app.
  • Instant notifications. You’ll get daily balance notifications and instant transaction alerts anytime you use your debit card.
  • Transparency. Chime claims that it will never hide behind fine print or profit from members’ misfortune or mistakes, and its website displays a chart of all potential fees associated with the account.

Save more

  • Manage your money. When you sign up for a checking account, you’ll also get a linked savings account to help you better manage your money.
  • Automatic Savings. When you use your Chime card, Chime rounds up your purchase to the nearest dollar and transfers the rounded amount to your Chime savings account. Plus, you can opt in to automatically transfer 10% of each paycheck into your Chime savings account.
  • Low fees. Chime eliminates many of the most annoying costs at other banks, such as minimum balance fees, monthly maintenance fees and foreign transaction fees.
  • Get paid early. Send your payroll direct deposit to your Chime Spending account to get access to your money as soon as your employer deposits it. According to Chime, that’s usually two days earlier than other banks post your money.

ATM network and fees

Chime members have access to 38,000 fee-free ATMs nationwide and get cash back at over 30,000 participating locations like CVS, Walmart, Target, Whole Foods and more. You’ll pay no fees at Chime-partnered ATMs, but Chime does charge $2.50 in out-of-network fees on each transaction. The account also comes with a Visa debit card, allowing you to access your money almost anywhere.

What to watch out for

Chime takes an innovative approach to banking, giving it a leg up on some of the larger, more traditional banks, but it still has its drawbacks:

  • Poor interest rates. When you’re looking for a savings account, you generally want the highest interest rate possible. Unfortunately, Chime clocks in at the bottom end of the spectrum — 0.01% APY.
  • No overdraft protection. Chime doesn’t offer an overdraft protection program, so any purchases that would bring your balance below zero would just be denied.
  • You can’t visit a branch. With Chime, you must conduct all your banking digitally, and if you need to deposit cash into your bank account, you must visit a Chime partner location — and potentially pay fees to the third party.
  • No 24/7 support. Unlike many banks, Chime’s customer service line isn’t available 24/7.
  • Limited product selection. Chime only offers checking and savings accounts, so if you’re looking to do all your banking with one institution, you might want to look elsewhere.
  • No joint accounts or secondary cards. If you’re looking to open a joint checking or savings account with Chime, you’re out of luck. This bank doesn’t allow joint accounts or allow customers to get a second card.
  • Transaction limits. There is a limit of $5,000 per transaction and $10,000 per month when using Prime Checkbook.

If you want a traditional checking account and banking experience, you’ll wnt to keep looking. As always, compare your options when considering a checking account.

Compare Chime Spending account to other checking accounts

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
HSBC Premier Checking
Free to use at all ATMs in the US
Earn 2% cash back on qualifying direct deposits (up to $60 per month and $700 total during the first 12 months) with a new HSBC Premier Checking account. Offer ends March 29, 2020. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
TD Beyond Checking
1,900 ATMs across the country and Canada
A checking account that offers interest plus three ways to waive the monthly fee, two overdraft paybacks a year and no ATM fees with a $2,500 balance.
Axos Bank Rewards Checking
ATM fees reimbursed at any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
HSBC Advance Checking
Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
Earn 2% cash back on qualifying direct deposits (up to $30 per month and $350 total during the first 12 months) with a new HSBC Advance Checking account. Offer ends March 29, 2020. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
TD Convenience Checking℠
1,900 ATMs across the country and Canada
Offering digital wallet compatibility, free Zelle transfers, TD rate discounts and no fees for students and young adults age 17 to 23. But the $15 monthly maintenance fee could chip at your funds.
Chase Total Checking
Access to 16,000 ATMs and nearly 4,900 branches nationwide
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.

Compare up to 4 providers

Compare Chime to the competition

How much do I need to open an account?

There is no minimum balance required to open this account, so you can get started even if you don’t have anything saved.

How do I apply?

1. Visit Chime’s website and click Get started.
2. Create an account by filling in your first name, last name and email address, then choose a password. Click Next.
3. Continue the application process by filling in information like your address and phone number. Click Next.
4. Provide your date of birth and Social Security number, then click Next.
5. Fill out your occupation, source of income and how you heard about Chime. Click Next.
6. Confirm your information is correct. Check that you read and agree to the terms of Chime’s Electronic Communication Agreement and Deposit Account Agreement. Finally, click Submit Application.


In order to open this account, you’ll need to meet a few eligibility requirements:

  • Valid Social Security number
  • 18 years of age
  • US citizen
  • Valid US address

Required information

When you apply for this account, you’ll need to provide the following information:

  • Name
  • Date of birth
  • Contact information (Address, phone number, email)
  • Employment information
  • Social Security number

How do I deposit or withdraw money?

Although Chime operates entirely online, it offers a number of ways to access money:


  • Direct deposit
  • Cash at one of 60,000 retail locations with Green Dot
  • Mobile check deposit
  • Transfers from other bank accounts
  • Mail a check


  • At an ATM
  • Transfer to another account
  • Cash back at participating retailers
  • Send a check to another account

How do I contact Chime customer service?

There are a few ways you can get in touch with Chime customer service:

Phone: 844-244-6363
Online: Through the support channel on the mobile app

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

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  1. Default Gravatar
    April 29, 2019

    How long does it take for a mobile check to be added to account after i take pics etc? How long does it take for a mobile checkin to go through?

    • Avatarfinder Customer Care
      April 30, 2019

      Hi LJ,

      Thank you for reaching out to Finder.

      Though there is no specific time frame for a mobile check going through, you may need to contact Chime directly via the contact details advised on the page we have. Hope this helps!


  2. Default Gravatar
    April 17, 2019

    Hi John,

    I get SSI from the social security when will that be deposited onto my Chime account?

    • Avatarfinder Customer Care
      April 20, 2019


      Thank you for getting in touch with Finder.

      Please note that Chime do not hold deposits. Instead, when Chime receives payment information from your benefits provider, the deposit is instantly posted to your Chime Spending Account. Chime will let you know as soon as your money is available with an email and a push notification to your phone.

      If you don’t see your deposit, it means that the files are either in transit or haven’t been sent by your benefits provider. In that case, please contact your provider for more information.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    April 15, 2019

    If i get a check on the first of the month i got direct deposit when will i recieve my benifiets

    • Avatarfinder Customer Care
      April 16, 2019

      Hi hitmencrew3,

      Thank you for reaching out to Finder.

      It would depend on what benefits you are specifically looking at. Generally, once you have set up an account, you are already up for the benefits that the account provides it’s users. Hope this helps!


  4. Default Gravatar
    March 23, 2019

    How can I get a replacement card? mine was lost.

    • Avatarfinder Customer Care
      March 24, 2019

      Hi Buffy,

      Thank you for your question. Sorry to hear that you lost your card.
      You can disable transactions in the Settings section of your Chime app or at Under Card Settings, toggle the Allow transactions switch to the grey position. In the security section of the Settings page, turn off Chime Card Transactions. This will immediately prevent any more transactions on your card.

      If you need a new Chime Card, tap the “Replace My Card” button in the Card Settings of your Chime app! You will be asked whether your card was Lost, Stolen, or Damaged. After confirming your address a replacement card will arrive within two weeks. Keep an eye out for a green envelop with a Salt Lake City, Utah return address.

      Hope this helps.


  5. Default Gravatar
    March 12, 2019

    Can I transfer money from my account to other accounts outside United States?

    • Avatarfinder Customer Care
      March 12, 2019

      Hi Charles,

      Thank you for leaving a question. Chime does not impose a limit on bank transfers (ACH transfers) that are initiated from an external account. However, external banks may impose their own limits and fees. You may want to ask your receiver to check their bank if Chime transfer account is acceptable.

      Hope this helps.


  6. Default Gravatar
    September 19, 2018

    I want to know why it takes so long to get your card in the mail I’m about to be evicted lose my car everything waiting on a $5,000 on that card and I still don’t have it.

    • Avatarfinder Customer Care
      September 19, 2018

      Hello Denise,

      Thank you for your comment.

      Please do note that you have reached finder and we do not represent Chime nor any company we feature on our pages. According to some reviews, it took them 7 days to receive the card. But it would be best that you contact Chime directly and make a follow up on your card and in order for them to check its status.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


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