How Switching To Chime Can Save Your Money?

 Are you sick and tired of how your traditional bank manages your funds? Early deposit, yet late arrival of funds, heavy international transaction charges, and to make matters even worse, monthly maintenance charges. To be totally honest, these charges imposed by banks can suck most of the savings from your bank account, leaving your account as dry as a desert. And ever since the pandemic, nobody truly wants to lose even one penny to these petty charges.

We know you might be thinking that only traditional banks are trustworthy enough to handle your money. But the Chime bank account is proving otherwise. A Chime bank account has evidently established the fact that it can provide the same facilities as a traditional bank at more convenience and in a cost-effective way.

Believe it or not, most young adults in America are turning to payments apps and virtual banks instead of traditional banks. And there is a very prominent reason behind this; no minimum balance requirements, no monthly maintenance fees, and 24/7 Chime customer service. And this is not the end; you get a high yield savings account with a high APY percentage, also, credit building solutions. If you still don’t believe us, here are some advantages of Chime supporting our statement.

 

Why you should get a Chime Bank Account?

There are multiple advantages of Chime, and especially if you don’t want a credit card or associate with a traditional bank, then Chime is perfect for your finances. Here are some advantages of using a Chime account:

  • Chime Direct Deposit

Chime might not be a traditional account, but it provides users with a direct deposit feature. With Chime Direct deposit, you can get access to your money up to 2 days earlier than payday. Exciting, isn’t it? There is more. There are no charges to set up a direct deposit with Chime. You can use this direct deposit for tax refunds, social security benefits, and even veteran’s aids. All you need to do is simply fill out and submit a form to your employer.

 

  • Chime savings and checking account

There are two account services offered by Chime, and both of them are upholding many great features. One plus point of using Chime is the high yield Chime Savings Account which offers an APY of 0.50%. Also, there is no set limit on interest, the more you save on a Chime account, the more interest you earn.

And the second account offered by Chime is the Chime checking account. If your lifestyle necessitates daily transactions and payments, then this Chime checking account can turn out to be a good choice.

 

  • No hidden charges

When most banks and payment apps levy heavy charges on transactions, making payments or sending money is absolutely free with a Chime checking account. But that’s not all, with Chime you don’t have to pay any monthly maintenance charges, in addition, there is no minimum balance requirements.

 

  • Free ATM withdrawal

Chime offers a range of 60,000 fee-free ATM networks across the United States. When you withdraw money from any of these ATMs there is no fee charged.

 

  • Build a better credit

You can build a better credit score using the Chime credit card. If you have an average credit score and wish to increase it, you can build a higher credit score gradually using the Chime credit builder card.

There is no credit check required to get approved for this car, all you need to do is just apply and then activate Chime card. It is really as easy as it sounds.