It’s much better than what’s offered by almost all traditional brick-and-mortar banks, but compared with other online banks, Chime’s savings rate still misses the mark. Average savings rate: Chime’s savings account earns 2.00% annual percentage yield (APY), which is considered a high-yield rate.via MoneyPass ATMs in a 7-Eleven location, and any Allpoint or Visa Plus Alliance ATMs.
Large ATM network: Chime customers have access to more than 60,000 fee-free ATMs across the U.S.Early access to direct deposits: Payday is always a good day, but with Chime, it’s possible to receive your money up to two days early.Chime offers up to $200 fee-free overdraft protection through SpotMe, which is available to customers who receive $200 or more in total monthly direct deposits. No overdraft fees: Many traditional banks charge up to $30 for overdraft fees.There are also no foreign transaction fees attached to Chime. No monthly fees: Chime provides simple banking options free from monthly maintenance or service fees, along with no minimum balance fees.
