Chime (company)
Chime Financial, Inc. is a San Francisco–based financial technology company that partners with regional banks to provide certain fee-free mobile banking services. 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. Chime earns the majority of its revenue from the collection of interchange fees on debit card transactions.
Headquarters in San Francisco, California | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2012 |
| Founders | Chris Britt and Ryan King |
| Headquarters | 101 California Street San Francisco, California, United States |
Key people | |
| Products | Checking accounts, savings accounts, debit cards, p2p, credit cards, fee-free overdraft |
| Revenue | US$200 million (2019) |
| Total assets | US$5.8 billion (2019) |
| Website | chime |
Chime is not a bank and Chime customers do not have a customer relationship with its banks. 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. Customers cannot appeal to banking regulators to retrieve their deposits, which may not be returned in a timely fashion.