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Chime Checking & Savings Account Review – A Game-Changer in Online Banking

Overview

Chime is a modern, online-based bank account offering a range of features, including a **free checking account**, **savings account**, and **no hidden fees**. With automatic savings, early direct deposit, and the ability to build credit, Chime has become a top choice for those looking to move away from traditional banks. In this review, I'll cover the key features and why Chime stands out from other financial institutions.

**What I Like**

1. **No Hidden Fees**

Unlike many traditional banks, Chime doesn't charge overdraft fees, monthly maintenance fees, or foreign transaction fees. That means more of your money stays in your pocket, which is a huge win.

2. **Early Direct Deposit**

If you're someone who likes to get paid early, this is a fantastic feature. Chime allows you to access your paycheck up to **2 days earlier** through direct deposit.

3. **Automatic Savings**

Chime offers a smart way to save by rounding up your debit card purchases to the nearest dollar and transferring the difference to your savings account. It's a simple yet effective way to grow your savings effortlessly.

4. **SpotMe® – Fee-Free Overdraft**

Chime gives you the option to overdraft up to $200 with no fees, based on your account history and activity. This is a lifesaver for those moments when you need a little extra cash.

5. **Easy-To-Use Mobile App**

The Chime mobile app is user-friendly and gives you access to a wide range of banking services, including money transfers, account monitoring, and mobile check deposits. I would add that using Chime to help fund prospects into your opportunity would be a pro tip I'd highly suggest given that many biz opportunities cost $100 or less to get started allowing someone to essentially join your business risk free.

**What I Don't Like**

1. **Cash Deposits Are Limited**

While you can deposit cash at over 90,000 retail locations (like CVS or Walgreens), Chime does not have physical branches, which may be inconvenient for some users. The fees for cash deposits at these locations can vary.

2. **No Joint Accounts**

As of now, Chime doesn't offer joint accounts, which could be a drawback for families or partners looking to share finances easily.

3. You might not want to use your Chime account to buy cryptocurrency as with many online banks, they're still waiting on mass adoption.

**Final Verdict**

Chime is a great choice for anyone who wants to move to an online, fee-free banking system that offers early paychecks, automatic savings, and solid overdraft protection. While it's not perfect due to limitations like no joint accounts or the inconvenience of depositing cash, it offers many benefits that far outweigh its downsides. If you're tired of paying fees at traditional banks, Chime is definitely worth considering!