Chime Review: Honest Chime Bank (2026)

Honest Chime Bank Review | Overview

Welcome to this Chime Review, were I will answer any and all questions you might have relating to Chime bank

Late in 2013, two entrepreneurs Chris Britt (CEO) and Ryan King (CTO) came together and founded Chime. Chime is part of a wave called NEO banks, which are basically bank, which are setup completely online.

While this doesn’t technically make Chime a bank in the traditional sense, NEO Banks do need an underlying banking connection in order to legitimize them. In the case of Chime, they are connected to Bancorp Bank and Stride Bank. So think of Chime as a frontend and Bancorp and Stride as the bank end.

This should be viewed as a positive because these big banks are able to offer you up to $250,000 FDIC insurance, which Chime users are automatically privy to  as well.

Honest Chime Bank Review | Features

GROWING USER BASE

Chime bank boasts an assortment of features many of which are unique to them and can’t be found anywhere else.

Currently there are about 8 million users who have chosen Chime as their choice of bank, a number which is constantly growing.

INTUITIVE ACCOUNT SETUP

Chime offers 3 separate accounts that facilitate users with their budgeting and saving, which is a really cool feature.

The multiple account setup in Chime is really one of the highlights for me. First, you get a Spending Account, which is essentially a zero fee checking account.

On top of that, you can get a Savings Account, which gives you a 0.5% APY (annual percentage yield), which is actually a staggering 10x the national average which is only 0.05% APY.

The 3rd account is the Credit Builder, which works in the same way a secure credit card does as it allows you to build up your credit.

The credit builder works by transferring money from your spender account to your card, similar to a prepaid debit card. When you make purchases, it gets signed off at the credit bureau as “Paid in Full.” This is all processed with 0% interest and no credit check required.

In short, the spending account is your main account with the savings, and credit builder being optional additions.

ATM FEES

Currently there are 38,000 ATMS nationwide where you can use your chime card with ZERO fees. Also note, there are no cash reimbursements for transactions made outside of these ATM networks and at other ATM’s there is also a transaction fee or $2.50