Outbound transfers are limited by law to six per month, so this account isn’t suitable for day-to-day use. Savings AccountĬhime also offers an FDIC-insured savings account to every Chime Checking Account customer, but you’re under no obligation to open one. If you don’t have direct deposit or mobile check deposit set up, you can transfer money from external bank accounts into your Chime Checking Account, subject to certain transfer limits and restrictions. You can set up an individual or joint account, depending on your lifestyle and preferences.

The Chime Checking Account has no opening deposit requirement, minimum balance requirement, or monthly fees. This is a standard-issue checking account, known internally as the Chime Checking Account, with FDIC insurance up to the $250,000 statutory limit per account. Deposit Account (Chime Checking Account)Ĭhime’s central feature is its deposit account. Here’s what you need to know about its features, advantages, disadvantages, and overall suitability. If all you need is a low-cost checking and savings portal that helps you save every day, Chime could be your financial app. But you should read on to learn more about what Chime has to offer. You won’t find any CDs, money markets, investment options, or loan products here - other than a handy but limited secured credit card. If you expect it to be, you’re setting yourself up for disappointment. And Chime has a cool automated savings feature that takes the grunt work out of setting funds aside.Ĭhime is definitely not a full-service online financial services provider. Fees are minimal: There’s no monthly maintenance fee for the Chime Checking Account, for instance. It’s an FDIC-insured savings account, and a Visa debit card connected to the checking account.

Every account holder gets an FDIC-insured checking account, known as the Chime Checking Account. It’s a mobile-first solution for on-the-go consumers serious about saving and spending wisely.Īnyone with a U.S. Chime® merges the best attributes of traditional deposit accounts and automated savings apps in a sleek, low-cost package.

Can i use chime without direct deposit