Chime

Chime's new customer bonus is here: Open a Chime Checking Account through the designated page, meet the qualifying direct deposit and spending requirements, and earn up to a $350 bonus!

Chime is clearly positioned: it's not a traditional bank branch account, but a mobile-first fintech platform designed for managing your account, receiving paychecks, making purchases, withdrawing cash, and building credit history through the app.

• How to get the $350

1. New customers open a Chime Checking Account for the first time.

2. Within the first 34 days after opening, receive a qualifying direct deposit of $500 or more to get a $200 bonus.

3. After completing the $500+ direct deposit, earn up to $50/month cash back on eligible Chime Card purchases within the first 3 months, for a total of up to $150.

CropDeleteLinkComment

Image via @Chime, copyright belongs to the original author.

• Chime Highlights

What makes Chime most appealing is that it eliminates many common fees associated with traditional checking accounts. There are no monthly fees, no minimum balance requirements, and no overdraft fees. If your balance is insufficient and SpotMe isn't available, the transaction is typically declined rather than incurring an overdraft fee.

Another useful feature is Get paid up to 2 days early. Once you set up direct deposit, Chime usually releases funds as soon as it receives the payment file from your employer, so you may see your paycheck earlier than the traditional payday.

• Summary

If you're looking for a simple, low-cost checking account with a great mobile experience, and you can set up a qualifying direct deposit, this Chime new customer offer of up to $350 is quite attractive. But keep in mind that Chime focuses on simplicity and convenience rather than complex investment returns.

Note: This article is for general informational purposes only and does not constitute banking, tax, legal, or financial advice. Chime is a financial technology company, not a bank; banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., both of which are FDIC members. Please read the official terms carefully before applying and determine if it's right for your needs.