This article was reviewed by Alex Kwan and by How.com.vn staff writer, Hannah Dillon. Alex Kwan is a Certified Public Accountant (CPA) and the CEO of Flex Tax and Consulting Group in the San Francisco Bay Area. He has also served as a Vice President for one of the top five Private Equity Firms. With over a decade of experience practicing public accounting, he specializes in client-centered accounting and consulting, R&D tax services, and the small business sector.
There are 10 references cited in this article, which can be found at the bottom of the page.
This article has been fact-checked, ensuring the accuracy of any cited facts and confirming the authority of its sources.
This article has been viewed 1,385 times.
If you're looking to replace your traditional brick-and-mortar bank, you may have heard about Chime, an online financial technology company. Chime is a popular bank alternative, but you may be wondering if Chime is actually legit. While Chime isn't a bank, it offers online financial services via their partnered banks and is a legitimate financial service. Keep reading to learn more about Chime as well as its features, fees, and a pros and cons breakdown.
Things You Should Know
- Chime is a legitimate financial service, but it is not technically a bank.
- Chime is a neobank that partners with two FDIC insured banks to offer online banking services, but it is not FDIC insured itself.
- Overall many online review aggregators give Chime favorable reviews, but some users have reported recent account closures with no notice.
Steps
Expert Q&A
Tips
References
- ↑ https://www.chime.com/blog/fdic-insurance/#is-chime-fdic-insured?
- ↑ https://www.nerdwallet.com/reviews/banking/chime-banking
- ↑ https://www.fdic.gov/resources/deposit-insurance/faq/
- ↑ https://www.fdic.gov/news/fact-sheets/crypto-fact-sheet-7-28-22.pdf
- ↑ https://www.chime.com/about-us/
- ↑ https://finance.yahoo.com/personal-finance/what-is-neobank-is-it-safe-123234143.html
- ↑ https://www.consumerfinance.gov/data-research/consumer-complaints/search/?date_received_max=2023-07-17&date_received_min=2020-07-17&has_narrative=true&issue=Closing%20an%20account&page=1&product=Checking%20or%20savings%20account&searchField=all&searchText=chime&size=25&sort=created_date_desc&tab=List
- ↑ https://www.propublica.org/article/chime
- ↑ https://help.chime.com/hc/en-us/articles/221405228-Does-Chime-charge-fees
About This Article
Is this article up to date?
⚠️ Disclaimer:
Content from Wiki How English language website. Text is available under the Creative Commons Attribution-Share Alike License; additional terms may apply.
Wiki How does not encourage the violation of any laws, and cannot be responsible for any violations of such laws, should you link to this domain, or use, reproduce, or republish the information contained herein.
- - A few of these subjects are frequently censored by educational, governmental, corporate, parental and other filtering schemes.
- - Some articles may contain names, images, artworks or descriptions of events that some cultures restrict access to
- - Please note: Wiki How does not give you opinion about the law, or advice about medical. If you need specific advice (for example, medical, legal, financial or risk management), please seek a professional who is licensed or knowledgeable in that area.
- - Readers should not judge the importance of topics based on their coverage on Wiki How, nor think a topic is important just because it is the subject of a Wiki article.