The fintech company proceeded to secure one million customers by 2018. Phil show and officially launched in 2014. Banking Made Easy Through Chime Financial AppĬhime began as a small startup in 2012, founded by California residents Chris Britt and Ryan King. This means the funds you deposit in the accounts are held and managed by The Bancorp Bank or Stride Bank, N.A., and FDIC insured up to the approved amount per depositor. It is important to note that Chime is not a bank per se but a financial technology company whose banking services are provided by The Bancorp Bank or Stride Bank, N.A., a member of the FDIC. In addition to its simplified layout, the Chime financial app offers a few extra perks you won’t find at other banks, like no account or monthly fees and a feature to get paid early.
Fintech company Chime is one of the top banking service providers to consider.Ĭhime is a convenient, utterly digitized banking service that allows anyone to open an account free of charge. Each bank offers various perks and features to attract users. According to a 2021 FDIC National Survey, approximately 81% of Americans are “fully banked.” It’s easy to understand why so many people have bank accounts, but consumers can now select from thousands of banks.
