No matter how big or small your household budget is, you want to avoid being nickel and dimed by your bank.
That’s why I was so intrigued by Chime, an almost zero-fee online bank. Is it too good to be true, or can Chime help you save money, automate your finances, and simplify your financial life?
With Chime, you’re getting a mobile-only bank with unique features like round ups, automatic savings, and a very low and transparent fee structure. The biggest drawback is the limitations on mobile check deposits. As such, Chime is ideal for those who carry a relatively low balance and aim to avoid costly banking fees.
- Low and transparent fee structure.
- Valuable savings tools like round ups and automatic transfers.
- Highly-rated app for managing your money on the go.
- Early access to direct deposits.
- Above average interest rate at 1%. Read the rest of this entry »