We’re proud to announce that Chime is now over 1 million bank accounts strong to date solidifying Chime’s position as the clear leader in the U.S. challenger banking segment!
Unlike traditional banks that charged consumers over $34 billion in fees in 2017, we are focused on transforming the consumer banking experience with our unique business model, which doesn’t rely on fees, through our relentless focus on helping our members lead healthy financial lives. And we are proud of the impact we’ve already seen: since January 2017, Chime members have avoided hundreds of millions of dollars in potential bank fees and put over $150 million into savings with the help of Chime’s automated savings tools.
“One million bank accounts to date is an exciting milestone for us and it’s just the beginning,” said Chris Britt, Co-founder & CEO of Chime. “We’re thrilled to usher in a new era in consumer banking and serve the many Americans who we believe are frustrated with traditional banks. This year we’ll launch new products with a continued focus on improving our members’ financial lives while refusing to profit from their mistakes or misfortune.”
To us, that’s proof that Chime is banking like it should be. Here’s to one million more!