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Chime Bank

Chime Bank

A bank offering online banking services with no user no bank fees, and an option to receive direct deposit up to two days early. Chris Britt and Ryan King founded Chime in 2013, and the company is headquartered in San Francisco, California.

Chime is a financial technology company offering online banking services to its users with no bank fees, and an option to receive direct deposit up to two days early. The company is headquartered in San Francisco, California and was founded in 2013 by Chris Britt and Ryan King.

Banking services
Banking service provider

Banking services offered by Chime are provided by The Bancorp Bank, and Chime offers its users a Chime debit Visa.

Mobile banking application

Chime banking services can be accessed online through their mobile banking application. Their application allows users to track their account balances, daily transactions, and savings. It also allows users to send money and deposit paper checks (up to $5000 per payment and up to $10000 per month). The Chime mobile banking application works integrates with other mobile payment applications such as ApplePay, GooglePay, and SamsungPay.

Direct deposit

Chime's Direct Deposit feature and earlier availability of funds are subject to payer's support of the feature and timing of payer's funding.

No fees

Chime does not charge application, monthly, or international transaction fees to their users. They also do not require users to make an initial deposit after signing up with Chime to activate their bank account. Chime bank offers free ATM access to 38,000 ATMs in the United States, and a $2.50 fee for making withdrawals on ATMs outside of the Chime network.


The chime mobile banking application allows users a couple different options to increase the amount of money in their savings accounts. They give users an option to round up their transactions to the nearest dollar, and offer a services that transfers %10 of every deposited paycheque into their savings account. Chime savings accounts offer an Annual Percentage Yield (APY) of 0.01%.


The Chime bank mobile application meets industry standard banking security, according to the companies website. They offer 128-AES encryption access control, and their Chime debit Visa is protected bu the Visa Zero Liability Policy.


December 5, 2019
Chime Bank raises a $500,000,000 series E round from Coatue Management, DST Global, Dragoneer Investment Group, General Atlantic and ICONIQ Capital.
March 2019
Series D funding round

In March 2019, Chime raised $200 million in a round led by DST Global, bringing the company's total funding to $300 million. The company's total valuation is at $1.5 billion, according to the company. Other companies participating in the funding round include: Menlo Ventures, ICONIQ Capital, General Atlantic, Forerunner Ventures, Dragoneer Investment Group, Coatue Management, and Cathay Innovation.

March 2019
Chime Bank raises a $200,000,000 series D round from Cathay Innovation, Coatue Management, DST Global, Dragoneer Investment Group, Forerunner Ventures, General Atlantic, ICONIQ Capital and Menlo Ventures.
June 2018
Chime Bank raises a $70,000,000 series C round from Aspect Ventures, Cathay Innovation, Crosslink Capital, Forerunner Ventures, Menlo Ventures, Northwestern Mutual and Omidyar Network.
May 31, 2018
Series C funding round

On May 31, 2018 Chime completed their series C funding round with $70 million in funding from Menlo Ventures (lead investor), Opera Tech Ventures, Omidyar Network, Northwestern Mutual Future Ventures, Forerunner Ventures, Cathay Ventures, and Aspect Ventures.

September 27, 2017
Series B funding round

On September 27, 2017 Chime completed their series B funding round with $18 million in funding from Cathay Innovation (lead investor), Northwestern Mutual Future Ventures, Omidyar Network, Crosslink Capital, Aspect Ventures, Forerunner Ventures, and Homebrew.

September 2017
Chime Bank raises a $18,000,000 series B round from Cathay Innovation.
May 19, 2016
Series A funding round expansion

On May 19, 2016 Chime expanded their series A funding round with $9 in funding from Aspect Ventures (lead investor), Homebrew, Forerunner Ventures, Crosslink Capital, and Zander Lurie.

November 5, 2014
Series A funding round

On November 5, 2014 Chime completed their series A funding round with $8 million in funding from Crosslink Capital (lead investor), PivotNorth Capital, Homebrew, and Forerunner Ventures.

November 2014
Chime Bank raises a $8,000,000 series A round from Crosslink Capital, Forerunner Ventures, Homebrew and PivotNorth Capital.

Funding Rounds


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