In the News
Chime Now Has 5 Million Customers and Introduces Overdraft Alternative
Chime SpotMe is an alternative to bank overdrafts. It is specifically targeted at people who deposit their paycheck into their Chime account but also live paycheck to paycheck.
Chime Surpasses 5 Million FDIC-Insured Bank Accounts
“We are now the largest and fastest-growing [challenger bank] in terms of accounts and rate we’re adding them,” said Chime CEO Chris Britt. “We offer a great alternative to traditional banks.”
Branchless Bank Chime Adds Another Million Customers This Summer
The online-only bank now has 5 million customer accounts, after passing the 4 million mark in June.
The ‘Neo-Banks’ Are Finally Having Their Moment
Chime, the biggest new name to pop up, has opened two million fee-free online checking accounts and is adding more customers than Wells Fargo or Citibank.
Fintech startups share a similar goal: become the central hub of every transaction in your life.
“The place where the bank gets bundled is where your direct deposit goes each month. That’s really the opportunity.”
Us Mobile Bank Chime Raises $200 Million, Valuing Its Business at $1.5 Billion
Chime Added a Record-Breaking Number of Accounts in 24 Hours Following the Wells Fargo Outage
Chime added 10,000 new bank accounts over the past 24 hours following an outage at Wells Fargo that left some customers unable to use their debit cards or access their online accounts.
This Company Can Help You Get Paid Two Days Early, Here’s How
Chime Included in the Most Innovative Fintech Companies in 2019
Big fintechs are getting bigger—19 of the 2019 Fintech 50 are valued at $1 billion or more.
Banking: Wells Fargo, Chime, Empower banks fight for millennial accounts
Fintechs are also pressuring the bigger banks to rethink checking account fees that can be a game-changer for many millennials.
Chime Raises $70 Million for Mobile Banking
Menlo Ventures is leading an investment in the millennial-focused personal-finance startup
Chime Leading the U.S. Challenger Banking Category
Chime members avoided more than $225 million in potential overdraft fees from traditional banks in 2017 alone, while putting over $72 million into savings.
January 31, 2018
With more than 750,000 bank accounts opened to date and over $2.5 billion in total transaction volume, Chime has emerged as the clear leader in the challenger banking segment.
September 27, 2017
Chime, the leader in mobile banking that helps members avoid fees and automate their finances, today announces $18 million in Series B financing, led by global venture fund Cathay Innovation.
Chime released its first Bank Fee Finder Summary Report to expose the impact of hidden bank fees on Americans. The report shows consumers pay $329 in bank fees each year on average.