Of course, we recommend avoiding overdrafts altogether, but Chime’s policy makes sure that a bad day doesn’t turn into a worse day. Traditional banks often take more of your money without offering you much more value in return.Ĭhime’s lack of overdraft fees, in particular, interests us.
But what makes it good?įor starters, we like the fee-free checking and savings. So even with a less-than-perfect banking history, you can still get a Chime bank account, which makes Chime checking a great second-chance bank account.Īt this point, you know what Chime has to offer.
Fortunately, Chime also offers early direct deposit―meaning you can get access to your direct deposit up to two days sooner than you would at a traditional bank.Īnother nice feature? Chime doesn’t use ChexSystems to evaluate your bank account application. To qualify for SpotMe, you need to set up a direct deposit of at least $200 per month into your account. And qualifying members can use SpotMe to overdraft up to $200. All members can overdraft up to $20 without any overdraft fees. Likewise, you won’t need to worry about overdraft fees with your Chime checking account. You can deposit cash for free at any Walgreens location or pay a small fee to make cash deposits at other stores. Chime’s checking account also lets you avoid ATM fees as long as you stay within its network of 60,000 MoneyPass and Allpoint ATMs.
