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Chime Spending account review

Get early direct deposits and free overdraft protection with this checking account that’s light on fees.’s rating: 4.7 / 5.0


With Chime Spending account, you won’t pay most of the pesky fees charged by big banks. Plus, you get access to early direct deposits and an optional savings account that gets 0.5% annual percentage yield (APY). But Chime doesn’t have the same 24/7 customer service found at other digital accounts and you can’t open joint accounts. Plus, Chime has been accused of wrongfully closing hundreds of customers’ accounts.

$0 per month





Minimum deposit to open


Fee$0 per month
Minimum deposit to open$0
ATMs60,000+ fee-free ATMs
ATM transaction fee$0
Out-of-network ATM fee$2.50
Foreign transaction fee0%
Overdraft fee$0

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 by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.

Expert review

Like most fintechs, Chime isn’t a bank, but rather partners with two banks to provide its banking services and protect your funds up to $250,000. Its business model doesn’t revolve around profiting off your mistakes. It offers features like overdraft protection, an optional savings account and early access to your money. But Chime has also been accused of wrongfully closing customers’ accounts and refusing to return their money.

Chime is best for those who want access to early direct deposits and avoiding random fees that you’d often find at banks. But, you might want to keep looking if you intend to do most of your banking at branches. And in light of all the recent complaints filed against Chime, you might want to explore other options until the dust clears.

How do I open a Chime Spending account?

  1. Click Apply now.
  2. Click Get started.
  3. Create an account by filling in your first name, last name and email address, then choose a password. Click Next.
  4. Continue the application process by filling in information like your address and phone number. Click Next.
  5. Provide your date of birth and Social Security number, then click Next.
  6. Fill out your occupation, source of income and how you heard about Chime. Click Next.
  7. 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.


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

Compare Chime Spending account to similar accounts

We gathered a quick comparison of similar accounts to help you decide if Chime Spending account is best for you. For more options, select “Compare accounts” to compare even more accounts for your spending needs.

HSBC Premier Checking


Finder Rating: 2.7 / 5

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$50 per month


0.01% on balances of $5+

Minimum deposit to open


ATM network

Free to use at all ATMs in the US

What are the benefits of Chime Spending account?

Chime eliminates many annoying fees found at banks, such as minimum balance, overdraft, monthly maintenance and foreign transaction fees. Plus, it has a unique account system that helps you reach your financial goals:

  • Overdraft protection with SpotMe®. Overdraw on your account up to $200 and Chime will cover the difference for free and deduct it from your next deposit. But you must have at least $500 in monthly direct deposits to qualify.
  • 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.
  • Optional savings account. Sign up for this checking account and get access to Chime Savings — a linked account that gets 0.5% APY.
  • 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

When you sign up for Chime, you’ll get a Visa debit card that grants you fee-free access to more than 60,000 ATMs across the country. This includes 40,000 Allpoint ATMs, which are located at retailers such as CVS, Target and Walgreens. Chime customers can also get cash back at more than 38,000 participating stores. But if you use your card at an ATM outside of Chime’s network, expect to pay a $2.50 fee per each transaction.

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:

  • You can’t visit a branch. With Chime, you must conduct all your banking digitally, and if you need to deposit cash into your account, you must visit a Chime partner location — and potentially pay fees to the third party.
  • No 24/7 support. Unlike other digital accounts, 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. Chime 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.
  • Bad reputation. More than 900 Chime customers have filed complaints with the Consumer Financial Protection Bureau (CFBP) since April 15, 2020. Many of them claim that Chime wrongly closed their accounts and refused to return funds. An article published by ProPublica in July 2021 explains that Chime closed these accounts in an effort to fight fraud, but it seems that many innocent victims lost hundreds or thousands of dollars.

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

Is Chime safe?

It depends on who you ask. Chime isn’t a bank, but it partners with Stride Bank, N.A. and the Bancorp Bank, which offers FDIC protection for up to $250,000. The Chime app also provides encryption to protect your account information and allows you to block your card if you suspect fraudulent or suspicious activity. Plus, you can turn on notifications to stay on top of your account activity. However, nearly 1,000 people claim that Chime wrongfully closed their accounts and refused to return their funds.

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 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

Is there a Chime business bank account?

No, there are no business account options with Chime. If you’re looking for an online business account, consider an account with Novo or check out these top business account options.

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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    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!


    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!


    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!


    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.


    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.


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