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Chime Spending Account

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Online Checking Account

The Chime Spending Account is an online checking with a free Visa debit card and no monthly or maintenance fees.

Monthly Maintenance Fees


Visa Debit Card


Fee-Free ATMs


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Product Name

Chime Spending Account

Product Type

Online checking account

Monthly or Maintenance Fees

There are no monthly or maintenance fees for the account

Minimum Deposit to Open Account

There is no minimum deposit to open the account

Visa Debit Card

The account comes with a free Visa debit card to make purchases

ATM fees

There are over 60,000 fee-free ATMs located at stores like Walgreens, CVS or 7-Eleven

The Chime Spending Account is a checking account that you can open through the Chime online banking app or website.

What is Chime?

Chime is a financial technology company (or fintech) that provides an online banking experience for those looking to manage their banking entirely online or as an alternative from traditional banks. The banking services, such as the bank accounts you can open through Chime, are provided by one of their partner banks. At the moment of writing, these include either Bancorp Bank or Stride Bank. Since both are FDIC members, this means your deposits held at bank accounts open through Chime are FDIC insured up to the legal limits.

Chime online banking experience brings you simplicity, low fees, and minimum restrictions to manage your banking through the latest technology or receive a credit card.

Should You Use Chime?

If you are looking for an easy-to-use, well-organized banking application that requires no minimum balance in your bank account, Chime may be a good fit for you. A Chime Spending Account can also benefit you if you are looking at managing all your banking online and access featured such as:

  • Require access to a large network of fee-free ATMs.
  • Don’t need to deposit cash regularly.
  • Want to handle their banking from their phones.
  • Looking for a company that does its best to help customers.
  • Find it difficult to open an account with other fintechs or banks.
  • Want a bank with no minimum monthly requirements.
  • Access automatic savings features.

Chime Spending Account Review

Everything you need to know about the Chime Spending Account can be found below to help you understand the use and features of your account.

What is Chime Spending Account?

Chime Spending Account is the name for the app’s checking account. You can only have one checking account and one savings account, which can easily be set up using Chime’s mobile app.

Chime Spending Account Features

The benefits of opening a Chime Spending Account include:

  • Fee-free ATM withdrawals: Chime offers free withdrawals at over 60,000+ ATMs nationwide at accessible places like 7-Eleven, Walgreens, or CVS. There’s a charge for out-of-network withdrawals, but Chime will reimburse one if you’ve received a Direct Deposit above $1.
  • No Overdraft Fee and SpotMe: Any charge that would cause the account to go negative will be declined at no cost to you. Additionally, after receiving a sufficient amount of deposits, Chime offers SpotMe. It allows you to overdraw the account up to $200. Since Chime does not offer overdraft protection, you will need to sign up to SpotMe as an optional extra service.
  • Chime Checkbook: Chime doesn’t send physical checks to your house, but they will send them nationwide on your behalf through the Chime Checkbook feature.
  • Mobile Banking App: Chime gives you control over your financial future through a high-rated Android and iOS mobile app.
  • Send Money: You can send money directly to friends & family who have the app.
  • Early Direct Deposit: Receive your direct deposits up to 2 days early, including your paycheck.
  • FDIC Insured: All funds deposited are insured by FDIC.

Chime Visa Debit Card

You will automatically receive a free online debit card ready to be used immediately during your account set-up. The physical card will be mailed to you at the address that you provide within 10 business days. This debit card may be used anywhere that Visa cards are accepted. And it can be added to your mobile wallets like Google Pay and Apple Pay as well. If you lose your card, you can send a notification through the app and stop transactions on your account and order a new card if needed.

Chime Spending Account Costs and Fees

With a Chime Spending Account, you will pay no monthly maintenance fees or annual fees. There is also no minimum balance requirement. If you want to open an account, there is also no minimum deposit. There is, though, a fee of $2.50 for using an out-of-network ATM for your cash withdrawals. However, Chime will reimburse a single ATM fee if you’ve received a direct deposit of over $1.

Requirements to Open a Chime Spending Account

All you will need is about two minutes and a computer or phone with internet access. The only requirement is that you need to be an over 18 year old U.S. citizen and have an address to receive the debit card.

How to Open a Chime Spending Account

Opening a Chime Spending Account is simple and straightforward. The following steps will provide a brief overview of how to open a Chime account:

  1. Go to the website or download the app for either Android or iOS.
  2. Then provide your personal details such as your name, address, phone number, email, SSN, and DOB.
  3. Wait for verification, which should be only a matter of minutes.
  4. Once approved, you now have a Chime Spending Account.

What Other Accounts Does Chime Offer?

Chime Savings Account

Chime provides users with the option of opening a savings account. That may be low compared to some in-person banks, but it’s still a great option because of the lack of fees and the other money-saving options available to you.

The first of these is an option called Save While You Spend, which allows you to round up your purchases to the nearest dollar and automatically deposit the excess change from that transaction into your savings account. This can quickly build sizeable savings, especially if you use your debit card often for transactions. The second feature is Save When You Get Paid, which is your opportunity to deposit a pre-set percentage of money from your direct deposits into the savings account.

You can, of course, also transfer money from your spending account into your savings account apart from these automatic saving tools available to you.

Chime Credit Builder Card

The Chime Credit Builder is a secured Visa credit card that gives you the opportunity to build your credit score if your score is low or you have little or no credit. You can get your own Chime Credit Builder Card with no credit check or fees at all. Money that you transfer onto the card from your spending account forms your spending limit, and you use the card much like a debit card. Then, money spent with the card will be paid from the funds you transferred. Chime will report the bill as paid to the credit bureaus to be reflected as part of your credit history, giving you an incredible opportunity to build your credit score at no extra cost.

This page’s information results from independent research by our editorial team, who does their best to reflect factual and accurate information about the financial institution and its products. Financial institutions are not responsible for the content posted on; visit the financial institutions’ website or contact it directly if you have any questions.

If you work for this financial institution and want to adjust any information, contact us at

* Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Please see back of your Card for its issuing bank.

* No hidden fees: Out-of-Network cash withdrawal fees apply. Third-party and cash deposit fees may apply.

* Chime SpotMe® is an optional, no fee service that requires $500 in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases initially but maybe later eligible for a higher limit of up to $100 or more based on member’s Chime Account history, direct deposit frequency, and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. SpotMe won’t cover non-debit card purchases, including ATM withdrawals, ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. SpotMe won’t cover non-debit card purchases, including ATM withdrawals, ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. SpotMe T&C.

* Pay Friends: Funds are automatically debited from your Spending Account and typically deposited into the recipient’s Spending Account within seconds. Pay Friends transactions will be monitored and may be held, delayed, or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.

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