How to Open a Free Online Bank Account with Chime

Whether you want to open your first bank account or switch to a new one, it can be a daunting process. You may be wondering “How long does it take to open a bank account?” Or, “What do I need to open a bank account?” You may also feel unsure about the next steps.

Here’s the good news: if you want to open up a free checking account, there are multiple options out there, including Chime. Chime is a no fee bank account that makes managing your money a breeze — all from the comfort of your smartphone.

If you’re ready to open an online checking account and get started with online banking, you can set your worries aside as signing up for Chime takes less than two minutes. The best part? It’s completely free. Here’s what you need to do:

Open a Free Checking Account with Chime

Step 1: Download the Chime app

Chime is a mobile-only bank that you can access via your smartphone. So, to get started, you can go to or go to the Google Play Store or Apple store to download the app for iPhone or Android.

In order to qualify for a bank account, you must be a U.S. citizen and 18 years of age. Using Chime, you can sign-up for a Spending Account as well as an Automatic Savings Account. Your Spending Account can be used to deposit your money, manage your transactions and view your balance. Your Automatic Savings Account can be used to save for a rainy day, your next vacay or your future goals.

With Chime, you can save effortlessly. How? Chime rounds up all your purchases to the nearest dollar and puts the spare change into your savings account. On top of that, you can opt to save 10 percent of each paycheck using Chime.

Step 2: Provide your personal information and create an account

When opening a bank account with Chime, you’ll need to provide a few bits of personal information. You might wonder why you have to hand over some personal information, but don’t worry, it’s legit. In fact, federal law requires financial institutions to ask for personal information and verify your identity to help minimize money laundering and terrorism.

To start, you’ll provide your first and last name, email and a password so you can create a Chime account. Once you provide your information, Chime will confirm your eligibility, and voila, you’re a new Chime member (which is actually pretty fun and cool).

Step 3: Deposit money into your Chime bank account

Once your Chime bank account is open, it’s time to deposit your hard-earned money. You can easily set up direct deposit by providing your employer with the Chime routing number as well as your personal Spending Account number. You can find this information under Settings as well as the Move Money section.

If you’re switching bank accounts and starting fresh with Chime, you can make a transfer from your old bank account to your new Chime Spending Account. You can facilitate this with your old bank by providing the Chime routing number and your Spending Account number, and then making a transfer.

Step 4: Manage your money easily with online banking

When you have money in your account, you can start to manage your transactions, view your balance, and stay on top of your finances (without all the typical bank fees). Aside from the mobile banking app, you will also have access to a Chime Visa Debit Card when you open a free checking account with Chime — aka your Spending Account.

On top of that, you can take advantage of your free checking account and forget about worrying about annoying fees. Chime has no overdraft fees, no monthly maintenance fees or minimums, and no foreign transaction fees. You’ll also get access to 30,000 fee-free ATM locations, so when you need to get cash you aren’t pinged with another unnecessary fee.

Just think: using the Chime bank account and mobile app, you get a free checking account and zero fees. Plus, you can effortlessly manage your money on-the-go and save without even thinking about it.

Bottom line

Opening a bank account doesn’t have to be tough. If you’re ready to make the switch or open your first bank account, opening a free bank account with Chime is easy. Follow these 4 steps to get started within minutes and begin to manage your money easily from your smartphone – all while avoiding pesky fees.

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Banking Services provided by The Bancorp Bank, Member FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Chime and The Bancorp Bank, neither endorse nor guarantee any of the information, recommendations, optional programs, products, or services advertised, offered by, or made available through the external website ("Products and Services") and disclaim any liability for any failure of the Products and Services.

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 (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s).