Chime is a digital one-stop banking and saving solution for people who want their banking needs on the click. It offers all banking solutions on the mobile and makes it incredibly easier for users to open an account with the platform. If you are tired of all the shenanigans that traditional banks pull on you and find yourself confused about what kind of account you should be opening, give Chime a try.
Chime offers up-front and honest banking solutions at your fingertips. With Chime, you can take your bank with you wherever you go. Moreover, Chime also removes hidden banking charges such as monthly fees, overdraft fees, and foreign transaction fees and it does not have any minimum balance requirement.
How to Make an Account with Chime
Users can create two types of accounts with Chime: The Spending Account which comes with a Visa debit card and Savings Account that pays 1.00% APY.
In order to open an account with Chime, download its official app from App Store or Play Store. The app will ask you for some basic information including the following:
- Date of Birth
- Phone Number
- Social Security Number
Once you have registered yourself with Chime, you can use the app as your personal, portable bank.
Chime Instant Transfer
Chime does not offer instant money transfers to those who do not have the app. In order to send money from your Chime account to another Chime account holder, you will have to download the Pay Friends app on your phone. Pay Friends is a payment app that is linked to your Chime account. It allows you to send money to friends, family, and other people instantly as long as they have a Chime Spending Account.
Chime does not charge users any fees for transferring money between Chime online bank accounts. Since Pay Friends is connected with your Chime account, you don’t have to download any other P2P app to access your money.
Pay Friends is available on both iOS and Android and can be used to make transfers regardless of the device.