Truly Fee Free Banking. No, seriously.

Three signs, No monthly fees, no hidden fees, no minimum balance required. Free banking with Chime.
A new way of banking

Why Better Banking?

Banks have never been great, but they have been especially hard on the younger generations. Studies show that millenials have a high distrust of banking and many would prefer to simply do all banking through apps.

53% of millennials don’t think that their bank offers anything unique compared to other banks. To most millennials, checking and savings accounts are outdated. 70% of millennials believe that the way we pay for things will be totally different within five years. Why would you stick with a tired and greedy old bank when the future of money is about to change completely?

People don’t talk about it quite as much as they were when wall street crashed in 2008, but big banks are the worst. Aside from the fact that they’re full of crooks, big banks provide terrible customer service, charge outrageous fees, and generally profit from your lack of funds. You should probably stop giving them your money now.

Unfortunately, short of going the way of my depression era great-grand parents and stuffing it in mattresses and burying it in the tomato garden, quitting big banks is a difficult thing to do. 

There is hope, however. You can cut yourself out from big banks. It’s entirely possible to never set foot in a bank again and lead an enriched, financially responsible lifestyle.

Too many years (and dollars!) wasted

My first bank (and maybe why I thought it was “normal” was  Bank of America— Here’s a situation that occured more than once: It’s a Friday and your direct deposit is getting paid in. You also have some bills due today. What does BofA do? They run all of your debits (bills) before your credits (check), so even though you had the money in there that same day,  they over draft you. One overdraft fee triggers another, and the next thing you know, you’re $300 in the red. Not only would I be broke, I’d also have to fudge my way through some terrible phone call to  straighten out the fees—only one of which would they reverse.

We got fed up with them and jumped on an introductory $300 promotion with Chase. With their $12 a month checking account fee & other hidden fees it didn’t take them long to take that money right back off us. 

I finally came to the realization that all big banks are the same, greedy and for profit, with ongoing contributions to the horror that is the financial crisis. I was ready to ditch them all.

That’s when I found 100% free banking with Chime

Better (FREE) Banking with Chime  No fees. Ever.

White Chime visa debit card on mobile app, free banking app

Save hundreds in bank fees! 100% free bank like Chime which does more than any other bank when it comes to helping its customers save. Open a Chime account today for 100% fee-free banking. No fees, ever.

No overdraft. No minimum balance. No monthly service fees. No foreign transaction fees. No transfer fees. Plus, over 38,000 free ATMs nationwide.

Weekday calendar. On Friday it says "Your co-worker's payday" with a big arrow to Wedsneday where it says "Your payday". Free banking with Chime.
With Chime direct deposit you can get your money up to 2 days before payday! Ka-ching!

Chime is a mobile-only bank, so it’s not like your traditional neighborhood branch. But it still has all the fundamentals and, with FDIC insurance, it’s a safe place to keep your money. It has a “spending” account, as well as a savings account. When you buy something with your bank card, you can have Chime round up the amount to the nearest dollar and deposit the difference in savings. 

We travel a lot, and international fees can really add up. Not having to worry about the transaction fees lets us worry less and enjoy more.

No foreign transaction fees: This fee (at other banks, typically 1% to 3% of the amount of your purchase) can add up quickly when shopping or withdrawing money from ATMs while you’re abroad.

Get a jump on payday: You can receive your paycheck up to two days earlier than at a traditional bank if you set up direct deposit — Chime processes your employer’s check immediately instead of waiting like other banks may.

Thousands of ATMs: You’ll have access to over 38,000 fee-free MoneyPass and Visa Plus Alliance ATMs.

No checks: If you need to send a check, Chime will send one on your behalf through its Checkbook feature. There’s no limit on how many checks you can send, but you’re limited to $5,000 per payment and $10,000 in a calendar month. Your account must be open for at least 30 days to be able to use the feature.

» Ready to take the next step? No monthly fees, no transaction fees and no overdraft fees make banking with Chime easy.

Chime is both a bank account and an app to manage that account. When you open an account here, you get a Spending Account and a Savings Account. You’ll also receive the Chime Visa Debit Card.

The accounts are FDIC-insured. They have features that millennials have come to expect, including no monthly minimums or fees, no overdraft fees, and plenty of fee-free ATMs.

Chime also has an awesome automatic savings program. When you spend $2.25 on coffee, Chime will round up the transaction to $3 and toss the extra $.75 into your savings account.

  • Direct to Savings. With other round up apps you have to send your change to a credit account of some kind, and with Acorns app, you’re investing your round-ups. But with Chime, you just put that money right into your savings account. It’s more flexible and accessible there.
  • No Fees. Chime’s accounts are fee-free, and so is its automatic savings program. With the other apps, you have to pay to have your change moved over to a different account (either a percentage of your savings or a monthly fee). With Chime, it happens automatically.
  • Paycheck Savings. When you set up your Chime accounts, you can automatically move 10% of your paycheck over to savings.

All in all, if you’re looking for a way to save your virtual change, Chime is an excellent option. Just complete an average of two transactions per day (including online bill pay), and you should easily save around $400 in a year.

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