Ever hear of a free account with any bank? Banks are notorious for collecting money, be that from overdraft fees, minimum balance requirements, maintenance fees and so on. The average U.S. household throws away more than $329 in bank fees every year.
It’s time to say goodbye to all of that and take charge by using Chime.
What’s Chime you say? It’s an award winning mobile banking app that handles every aspect of your money.
How Chime Works
Chime keeps their costs low by investing heavily in technology (it’s rated by Apple as one of the top money management apps) and by eliminating brick and mortar costs. Chime only profits from the merchants who swipe your card. This means no overdraft fees, no monthly maintenance fees, no minimum balance fees and finally no foreign transaction fees.
Chime even has over 30,000 fee-free MoneyPass ATMs.
Getting On Board
It takes less than two minutes to sign up with Chime and it’s free. Once you’ve signed up you’ll get a Chime Visa debit card, a spending account, and a savings account.
You’ll get your debit card in the mail and then link it to your spending account (which is like a checking account).
You can also sign up for a savings account and utilize Chime’s automated savings feature to automatically squirrel away 10% of every paycheck.
How You’ll Save Even More
If you enroll in Chime’s automatic savings, you’ll save with every transaction. Every time you pay a bill or swipe your card, it rounds up your transaction amount to the nearest dollar and transfers the change to your savings account.
Real Time Banking
With the spending account, you can easily deposit funds, check your balance, view transactions, and analyze your spending. By staying on top of your finances, you can better manage your spending, and save more money.
Get Paid Up To 2 Days Early With Direct Deposit
When you receive a direct deposit to your Chime Spending Account, you are eligible to receive your funds up to two days early. That’s your money, in your account, two days earlier than your co-workers. How cool is that?
Seriously Safe And Secure
Chime’s top priority is protecting its members. Deposits are insured up to $250,000 through The Bancorp Bank, Member FDIC. It uses 128-bit AES encryption to further tighten the security.
Mobile-First Banks are here now, and they’ll forever change how we receive, manage, and spend our money – for the better.