Have you had a not very good experience with your bank? Interestingly, you are not the only one. A lot of people complain about hidden charges and poor service delivery.

Well, if you want to change all these, you should consider Chime. Their motto is to change the way people feel about banking. With Chime, you should get to enjoy both savings and spending accounts.

When you open an account with Chime, you get a Visa Debit Card, an optional Savings Account and a spending account. You don’t need a brick-and-mortar location to bank with Chime.

Instead, a smartphone is enough to help you do all your banking services. No wonder it’s advertised as a perfect bank account for millennials.

Below is everything you need to know about Chime including its features, benefits and disadvantages. Read on and decide if this is what you have been looking for all along.

About Chime

The founders of Chime had one mission when creating it, financial peace of mind. Everyone deserves the right to know that their finances are on the right track. Luckily, the talented team at Chime is passionate about doing so and much more.

The principle behind Chime is to assist its members to rise a step higher. They do so by ensuring they profit with you instead of profiting off of you.

The bank gets it is earning from Visa. Hence, every time you use your Chime debit card, they are paid a small amount from Visa.

Features of Chime bank

Chime bank welcomes you to better online banking. Plus, you don’t have to worry about hidden charges. It helps you to experience the flexibility that comes with online banking because you are at liberty to make all your banking on the go.

One of the most impressive features with Chime bank is the ability to receive direct deposit of your paycheck fast compared to other banks.

If you are the impatient kind who can’t just wait for your cash to reflect in your account no matter how long it takes, Chime has a solution for your troubles.

When you open a Chime spending account and set up direct deposit, you automatically become eligible to receive your paycheck up to two days early before the usual payday.

Chime ensures you get your money right on time and forget about waiting time. It’s your money, why wait for it and it is sitting idle in some mysterious electronic limbo?

Immediately your employer deposits money in the bank, Chime facilitates the transfer and ensure that they avail the funds to you. This is usually long before the other traditional banks can make the funds available to you.

While there are many other get paid early apps available out there, Chime is different and unique. Chime is a full-feature online bank with features enabling you to manage your savings and daily spending. Something hard to find with ‘get paid early apps’.

When it comes to security issues, there is no cause for alarm. Chime bank is secure and FDIC insured. The bank uses secure and encryption processes to make sure your money is safe.

The Stride Bank, Members FDIC and Bancorp Bank are their partners who ensure their deposits are secure. Among the things you can do with your banking app include…
 
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