Customers cannot appeal to banking regulators to retrieve their deposits, which may not be returned in a timely fashion. Chime can and does cancel user accounts without notice moreover, it is not required to provide a reason for the cancellation to the customer or even have a reason. Ĭhime is not a bank and Chime customers do not have a customer relationship with its banks. Chime earns the majority of its revenue from the collection of interchange fees on debit card transactions. The company offers early access to paychecks, negative account balances without overdraft fees, high-yield savings accounts, peer-to-peer payments, and an interest-free secured credit card. is a San Francisco–based financial technology company that partners with regional banks to provide certain fee-free mobile banking services. Checking accounts, savings accounts, debit cards, p2p, credit cards, fee-free overdraftĬhime Financial, Inc.
