Competitors
50
Summary
Chime is a financial technology company offering mobile-first banking services. It provides online checking and high-yield savings accounts, a Visa debit card, early direct deposit, and tools for building credit. The platform focuses on fee-free banking and robust security features.
Feature Matches7/12
See all7/12
Must Have
3 of 5
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Commission-Free Stock Trading
Bitcoin Trading
Other
4 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
ATM Access & Fee Reimbursement
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
PricingFree
See allFree
Chime Checking Account
$0.00 monthly
- No monthly service fees
- No minimum balance fees
- No overdraft fees
- Chime Visa® Debit Card
- Customizable debit card security (block transactions, daily balance updates, real-time alerts, Visa Zero Liability)
- 50,000+ fee-free ATMs
- Mobile check deposit
- FDIC-insured funds
- Out-of-network ATM withdrawal and over the counter advance fees ($2.50 per transaction)
- Cash deposit fees may apply at certain retailers (free at Walgreens/Duane Reade)
Chime Checking Account with Qualifying Direct Deposit (unlocks additional features)
$0.00 monthly
Popular- All Checking Account features
- Get paid up to two days early
- SpotMe® fee-free overdraft up to $200
- MyPay (get up to $500 of your pay before payday)
- Credit Builder Secured Visa® Credit Card (no annual fee, no interest, no credit check to apply, no minimum security deposit required)
- High-Yield Savings Account
- SpotMe requires $200+ in qualifying direct deposits monthly
- MyPay requires qualifying direct deposits and may have a $2.00 fee for instant advances
- Credit Builder requires a Chime Checking Account and qualifying direct deposit
- Out-of-network ATM withdrawal and over the counter advance fees ($2.50 per transaction)
- Cash deposit fees may apply at certain retailers (free at Walgreens/Duane Reade)
Rationale
Chime is a strong competitor to Cash App, offering many similar mobile-first banking features. It explicitly offers a Visa debit card, early direct deposit, and a high-yield savings account. The website also details fraud monitoring and security features, as well as extensive ATM access with fee reimbursement. While it doesn't offer direct stock or bitcoin trading, or P2P transfers with a unique identifier like a $Cashtag, it does have a 'Send & Receive Money' feature which implies P2P functionality. The absence of explicit stock/bitcoin trading and the specific P2P identifier reduces the confidence score slightly.
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See allBest alternatives to [Product] in 2024?
Reddit·tech_enthusiast·2d ago·+142
I've been using Alternative A for 6 months now and it's been fantastic. The pricing is much better and the features are actually more robust than what [Product] offers.
Show HN: We built a better [Product]
Hacker News·startup_founder·5d ago·+89
After struggling with [Product]'s limitations, we decided to build our own solution.
It handles edge cases much better and the API is actually documented properly.
Check it out at our site.
[Product] vs Competitor B - which one should I choose?
Reddit·confused_buyer·Oct 14·+67
Honestly, after trying both, Competitor B wins hands down. Better customer support, cleaner interface, and they don't nickel and dime you for every feature.
Why we migrated away from [Product]
Hacker News·cto_mike·Oct 11·+234
The breaking point was when they changed their API without notice. We lost 3 days of productivity. Solution C has been rock solid for us since we switched.