Chime® is a financial technology company, not a bank. Banking services, credit, and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
 

Introducing Automatic Savings, a New Way to Bank With Chime That Pays You to Save

By Chime Team
January 12, 2016

We started Chime with a simple mission: to help our members save money, form healthy financial habits and get ahead without a lot of hard work. Today, we’re pleased to announce a major milestone in accomplishing that mission by introducing an interesting-bearing Savings Account that helps members save simply by using their Chime Visa® Debit Card. We call it Automatic Savings and helps you build your savings without thinking about it.

Sounds too good to be true? To get started, simply open a Chime Checking Account and Savings Account online or through the mobile app. Once approved for a Savings Account, turn on Automatic Savings. Here’s how it works:

  • Use your Chime card to pay bills and make everyday purchases.
  • We’ll round up each purchase you make to the nearest dollar and transfer the round-up from your Checking Account to your Savings Account.

We’re excited to offer this new way for our members to take small steps toward a regular savings habit. As we found in our recent Millennial Money Mindset Report, 93% of young adults believe setting aside money for savings is important, yet 40% aren’t doing it. As a Chime member with a Savings Account and Automatic Savings, you can put your savings on autopilot, get rewarded when you spend and get rewarded when you save.

Today we’re also announcing a number of new additions to your Chime Checking Account:

  • Pay bills with direct debit.
    Pay your rent, mortgage, credit card or student loan payments electronically by providing your Chime Account and bank routing and account numbers to your biller.
  • Cash-back category-wide rewards.
    Groceries. Restaurants. Utilities. We’re introducing new category-wide rewards that give you instant cash back when you use your Chime card at any retailer in a given category.
  • No Monthly fees and fee-free ATMs.
    We’ve eliminated the Account Maintenance Fee for dormant accounts, and ATM transactions are now fee-free for all members at over 24,000 MoneyPass® locations.

We’re excited to offer our members even more rewarding ways to bank with Chime, and there’s much more to come. We look forward to hearing your feedback, and if you’re not already a member, you can sign up here.  

Chris Britt, Chime Founder & CEO


This guide is for informational purposes only. Chime does not provide financial, legal, or tax advice. You should check with your legal, financial, or tax advisor for advice specific to your situation. Your state or local unemployment agency is responsible for making all determinations on your eligibility for unemployment benefits. Please contact your state or local unemployment agency if you have questions.

Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card and the Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit and credit cards are accepted. Please see the back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties' privacy or security practices.

Third-party trademarks referenced for informational purposes only; no endorsements implied.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

Address: 101 California Street, Floor 5, San Francisco, CA 94111, United States.

No customer support available at HQ. Customer support details available on the website.

© 2013-2024 Chime Financial, Inc. All rights reserved.