In the News
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.
How to Save Money When It Feels Like You Don’t Have Enough
Set automatic deposits so that the money is whisked out of your paycheck and into your savings (you can use an app like Chime.)
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.”
Smart financial planning strategies to borrow from women and millennials
Millennials are also leaning more towards automating their savings, which allows them to “set it and forget it,” Britt says
Chime grows to 1.7M customers, acquires credit scoring app Pinch
The San Francisco neobank recently surpassed 1.7 million accounts and it’s growing at a steady pace of 150,000 customers a month.
Mobile bank Chime picks up credit score improvement service Pinch
Chime, the no-fees mobile bank valued at $500 million as of its last round, has put some of its funds to use with its first acquisition.
The Fintech Banks Are Coming: Why You Should Care
With regulators accepting applications from financial technology startups for national bank charters, traditional banks are going to see a lot more competition.
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.
After the crisis, a new generation puts its trust in tech over traditional banks
The choices for where consumers can put their money look drastically different after 2008. One increasingly popular option is with a tech company.
Chime Raises $70 Million for Mobile Banking
Menlo Ventures is leading an investment in the millennial-focused personal-finance startup
Here’s where you have the best chance of finding a free checking account
Free checking has sometimes proven hard to find, especially for low-income Americans who might need it the most
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.