Chime Bank Review 2020: Is Leading Online Banking Right For You? |

As with everything online bank accounts, Chime’s convenience factor is relative: if you’re looking for the brick-and-mortar banking experience, you’re barking the wrong (money) tree.

But because Chime is a tech company, its mobile app is easy to use and lets you manage your money on the go 24/7.

It also includes some features that you won’t see with many of its online banking competitors, including cash deposits, free overdraft protection, and early deposit of paychecks.

Network of ATMs and Green Point deposits

You can use your Chime debit card to make purchases on any point-of-sale platform and withdraw money at over 38,000 toll-free ATMs in the United States through MoneyPass and Visa ATMs More Alliance.

You can also deposit money into your account at over 60,000 outlets (think grocery stores, Walmarts) through Green Dot. Just hand the money over to the cashier and they can load it directly to your debit card. The cash deposit limit is $ 1,000 per day and $ 10,000 per month.

SpotMe overdraft protection

Chime offers a no-charge overdraft protection feature called SpotMe, which is available to Chime account holders receiving total monthly direct deposits of $ 500 or more. If you spend more than what you have in your account, Chime will cover the difference up to $ 100 at no cost to you, and the balance will be taken from the next available deposited funds.


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David A. Albanese