Online account · FDIC insured through partner banks
Chime
Your money is held at 24 banks. Based in San Francisco, CA. It opens accounts online nationwide.
Rates
No Carrot Score: scores compare banks and credit unions, and Chime holds your money at 24 banks. Its rates are below, with what each one takes.
- Savings—1.00%4.00% with extra requirementsSavings rates →
Chime isn’t a bank. Deposits are FDIC-insured through its 24 partner banks up to $250,000 per depositor, as Chime states; that covers a bank failing, not Chime.
About Chime
Chime Savings is an optional savings account that goes with a Chime Checking Account, run in the Chime app.
Chime Financial, Inc. manages it; Chime is a financial technology company, not a bank, and The Bancorp Bank or Stride Bank provides the account.
Your bank may sweep savings balances to other FDIC-insured program banks on a published list.
- Headquarters
- San Francisco, CA
Eligibility
Who can open an account
From Chime’s own terms and help pages. Check with Chime before you apply.
- Must be a U.S. citizen or permanent resident with a valid Social Security number.
- Minimum age: 18.
- Only for residents of the 50 states and Washington, D.C.; U.S. territories aren't included.
- Requires an open, active Chime Checking Account.
- No subscription or fee for the Savings Account.
- You must agree to electronic statements.