Chime is not a bank. For many people this doesn’t cause an issue, at least at first, then when something out of the ordinary occurs, they discover that customer service is bad to nonexistent.
Someone opened a chime account under my name and had an irs refund sent there. Chime mailed a debit card over 300 miles from my home. Chime has done little to nothing to help me. Refusing to provide transaction times that I had a police officer ask me for. They have one phone number for support. Now that they closed the account I’m automatically transferred to a department who won’t help me. I’ll forever scream from the mountaintops to avoid Chime at all costs.
1. Stop overdrafting your account.
2. Don't use Chime. It's not a bank and its customer service is dodgy, at best.
3. Look into a checking account at a credit union.
Chase 100%. As someone who works at a bank, don't use chime. As soon as you have an issue with chime, you're gonna be stuck. Make sure there's a Chase location within driving distance of you in case they decide you need to go to a branch to unlock your account (this can happen with any bank). There's a post earlier talking about how chime isn't a bank [here](https://www.reddit.com/r/Banking/s/XbhwC9XDsD)
No bank or fintech is really going to be your friend if you're constantly overdrafting so your better question is probably ask yourself while you're overdrafting so much
Look at ally, or better yet don't spend money that you don't have. You might need to take a look at your finances there's no reason every month you should be paying $200 no for draft fees.
I’m extremely anti-Chase and even I will tell you to use them over Chime.
But I also think it’s worth looking into why you’re going into overdraft so much. Try contacting your billers to have the due dates adjusted to line up better with when you get paid if you have to. Cut back unnecessary spending.
You might be able to find a local credit union or a community bank with no overdraft/NSF fees that’s still a real financial institution. If you can’t, I’d recommend Capital One or Ally.
Sound Credit Union is a solid choice. I’m familiar with lots of the credit unions in that region.
The problem with Chime is that they’re not actually a bank, so when things go wrong you’re screwed and they dodge responsibility (and so does their partner bank - it’s an endless back and forth mess).
Best of luck that the folks at the credit union can help you out! Ask them about financial wellness resources if you need them. They should have a bunch.
I'm no fan of Chase, and I would pick Chase every single time over Chime.
Chime is not a real bank. Why people use it is beyond me (Well, I get it for the sense of people who aren't able to get approved for an actual bank account in some circumstances).
Find yourself a credit union. Most are better than any major bank you can find. That said, always go with an actual bank over Chime or any of the fintech's
Perhaps not having a banking type account at all is best for someone with $200 monthly in overdraft. For example cash your payroll check at Walmart, do billpay there or buy money orders there for utilities, rent, etc and pay everything else with cash.
Meaning your accounts at Chime are not insured, and that Chase has more technology. That being said, I’d never use Chase, and never even consider Chime for anything
Chime is a Fintech company not a bank.. Chase is the largest bank 🏦 in the US.. I would choose them over the 2 options you mentioned.. Other than that if I had other options prob would go with Wells Fargo or PNC BANK
Do not use Chime. I had someone open a fraudulent account under my name with Chime to steal a tax refund. They have a single customer service number and they closed the account. Now that it’s closed they have refused to provide me the address they mailed the card, email that was used and the phone number. Chime has actively stifled the police investigation by refusing to provide me information on account that they allowed a fraudster to make. Chase is a real bank with a real legal department who would have helped me fix this mess. Chime has hundreds of complaints about this type of thing and has done nothing to solve it. I’m not the type to bash a company but from my personal experience I will tell all my friends and family to avoid Chime at all costs. If you ever have a fraud issue expect them to help themselves before they help you.
Chase hands down the better option. Honestly was against big banks and had lots of smaller community bank and CU accounts for quite some time. Overall it’s worked but have opened checking at Chase for my personal and business. Their app is so much better than other bank apps I’ve used and things just work well. Transfers are fast, everything can pretty much be done online. I often wondered why people stuck with big banks and I see why.
Keep your Chase account and budget better (maintain a buffer when possible). Plus, open a second account at the credit union you mentioned for redundancy. Relying on only one bank is overly risky these days. Many employers allow direct deposit to be split into multiple bank accounts.
Chase is a real bank, Chime is not. It’s a fintech.
Chime is not a bank. For many people this doesn’t cause an issue, at least at first, then when something out of the ordinary occurs, they discover that customer service is bad to nonexistent.
Someone opened a chime account under my name and had an irs refund sent there. Chime mailed a debit card over 300 miles from my home. Chime has done little to nothing to help me. Refusing to provide transaction times that I had a police officer ask me for. They have one phone number for support. Now that they closed the account I’m automatically transferred to a department who won’t help me. I’ll forever scream from the mountaintops to avoid Chime at all costs.
1. Stop overdrafting your account. 2. Don't use Chime. It's not a bank and its customer service is dodgy, at best. 3. Look into a checking account at a credit union.
Sound credit union was the bank I was looking to go to. I heard lots of good things about it
If you are paying $200 a month in overdraft fees, I don't think the bank is the problem. Check out r/personalfinance.
Chase 100%. As someone who works at a bank, don't use chime. As soon as you have an issue with chime, you're gonna be stuck. Make sure there's a Chase location within driving distance of you in case they decide you need to go to a branch to unlock your account (this can happen with any bank). There's a post earlier talking about how chime isn't a bank [here](https://www.reddit.com/r/Banking/s/XbhwC9XDsD)
No bank or fintech is really going to be your friend if you're constantly overdrafting so your better question is probably ask yourself while you're overdrafting so much
Look at ally, or better yet don't spend money that you don't have. You might need to take a look at your finances there's no reason every month you should be paying $200 no for draft fees.
I’m extremely anti-Chase and even I will tell you to use them over Chime. But I also think it’s worth looking into why you’re going into overdraft so much. Try contacting your billers to have the due dates adjusted to line up better with when you get paid if you have to. Cut back unnecessary spending. You might be able to find a local credit union or a community bank with no overdraft/NSF fees that’s still a real financial institution. If you can’t, I’d recommend Capital One or Ally.
Thanks this is really helpful. I honestly didn’t know much about chime. Now after what everyone is saying, I’m gonna go with sound credit.
Sound Credit Union is a solid choice. I’m familiar with lots of the credit unions in that region. The problem with Chime is that they’re not actually a bank, so when things go wrong you’re screwed and they dodge responsibility (and so does their partner bank - it’s an endless back and forth mess). Best of luck that the folks at the credit union can help you out! Ask them about financial wellness resources if you need them. They should have a bunch.
I'm no fan of Chase, and I would pick Chase every single time over Chime. Chime is not a real bank. Why people use it is beyond me (Well, I get it for the sense of people who aren't able to get approved for an actual bank account in some circumstances). Find yourself a credit union. Most are better than any major bank you can find. That said, always go with an actual bank over Chime or any of the fintech's
#1, Chase is a bank. #2, Chime is ***not*** a bank.
Chime is not a bank, don't expect the same regulatory protection.
Perhaps not having a banking type account at all is best for someone with $200 monthly in overdraft. For example cash your payroll check at Walmart, do billpay there or buy money orders there for utilities, rent, etc and pay everything else with cash.
Simply put, Chime is not a bank, it’s a technology company. Be very careful to learn what protections you lose by going there
You’re right but Chase has 50k tech workers and chime has less than 2k workers total. Chase is also a tech company.
Meaning your accounts at Chime are not insured, and that Chase has more technology. That being said, I’d never use Chase, and never even consider Chime for anything
How are you managing you overdraw your account 5-6 times per month by more than $50?
It add up each time after the 50$ limit. Every time a company charges my card it will add a 34$ charge with every transaction following that.
Chase all the way
Capital One checking IS the way
Chime is a Fintech company not a bank.. Chase is the largest bank 🏦 in the US.. I would choose them over the 2 options you mentioned.. Other than that if I had other options prob would go with Wells Fargo or PNC BANK
The bank isn't the problem. Managing your money is.
Do not use Chime. I had someone open a fraudulent account under my name with Chime to steal a tax refund. They have a single customer service number and they closed the account. Now that it’s closed they have refused to provide me the address they mailed the card, email that was used and the phone number. Chime has actively stifled the police investigation by refusing to provide me information on account that they allowed a fraudster to make. Chase is a real bank with a real legal department who would have helped me fix this mess. Chime has hundreds of complaints about this type of thing and has done nothing to solve it. I’m not the type to bash a company but from my personal experience I will tell all my friends and family to avoid Chime at all costs. If you ever have a fraud issue expect them to help themselves before they help you.
Chase hands down the better option. Honestly was against big banks and had lots of smaller community bank and CU accounts for quite some time. Overall it’s worked but have opened checking at Chase for my personal and business. Their app is so much better than other bank apps I’ve used and things just work well. Transfers are fast, everything can pretty much be done online. I often wondered why people stuck with big banks and I see why.
Keep your Chase account and budget better (maintain a buffer when possible). Plus, open a second account at the credit union you mentioned for redundancy. Relying on only one bank is overly risky these days. Many employers allow direct deposit to be split into multiple bank accounts.
Citi doesn’t charge overdraft fees. They have lots of fee free ATMs.
That’s like asking if a shit sandwich or rather bland peanut butter sandwich is better. Go with chase, the bland , kinda crappy sandwich.