Overview

Chime is a San Francisco-based financial technology company that partners with FDIC-member banks to offer a mobile-first checking and savings experience. It's the largest neobank in the United States by customer count and filed for a US IPO in 2025.

What Chime actually is

Chime's product suite includes a spend account, a high-yield-style savings account with automatic round-ups, a Visa debit card, and a secured Credit Builder Visa. Deposits are held at The Bancorp Bank, N.A. or Stride Bank, N.A. under Chime's brand and are FDIC-insured up to $250,000 per depositor.

Who it's built for

Consumers frustrated by overdraft fees, minimum balance requirements, and slow direct deposits at legacy banks — especially people paid via W-2 payroll who want their paycheck up to two days early.

Regulation & safety

Chime is a financial technology company, not a bank. Banking services and debit cards are provided by The Bancorp Bank, N.A. and Stride Bank, N.A. — both FDIC members. Balances are federally insured up to $250,000 through those partner banks.