This Bank Account Wants To Give You $100 Whenever You Need It For Free

By The Money Manual

March 22, 2022

The summary: Sick of bank overdraft fees? Chime Bank lets you overdraft up to $100 for free – Open a free account.

Say goodbye to bank fees

We get it. Bank fees suck. Who wants to pay to access their own money? Luckily, there’s a new better way (and affordable) to bank – Chime. Chime is an all-digital bank account, which means they have eliminated all those annoying hidden fees traditional banks charge, including overdraft fees. Courtesy of their new SpotMe feature, Chime customers get overdraft coverage of up to $100 without having to pay for it. What does that mean exactly? Spend $100 over what is in your Chime bank account, and you won’t be hit with a single fee. Now that’s a game-changer. Even better, it takes just two minutes to open an account and there’s no opening minimum balance requirements.

Other reasons it pays to switch

Here are a couple of other ways Chime is shaking things up in banking (for the better):

No Hidden Fees – Chime doesn’t have sneaky fees and charges, unlike traditional banks. You’ll never be charged a monthly maintenance fee, transfer fee or foreign transaction fee and you’ll have access to over 38,000 fee-free ATMs.
Get Your Paycheck Earlier – For many, a bi-weekly pay schedule means struggling to make your paycheck stretch until the next one. Luckily, when you open a checking account with Chime, you’re automatically eligible to get your paycheck up to two days early when you set up a direct deposit.
Automatic Savings – Reach your savings goals faster with the “Save As You Spend” feature attached to all Chime savings accounts. Every time you make a purchase with your Chime debit card, your transaction total automatically rounds up to the nearest dollar and the difference will be deposited into your savings account. The more you use your Chime debit card, the more you save.