Chime is a financial technology (FinTech) company that operates in the banking sector, providing a range of services to its customers. Unlike traditional banks, Chime is an online platform that offers banking services and a debit card through its partners, The Bancorp Bank, N.A. and Stride Bank, N.A. This means that Chime doesn't have physical branches, but operates entirely online, serving clients who prefer digital banking solutions.

Chime's business model is centered around providing a user-friendly, fee-free banking experience. It offers a variety of features designed to help customers manage their finances more effectively. For instance, Chime provides a service called SpotMe, which allows customers to overdraft up to $200 on debit card purchases without incurring any fees. This service is subject to eligibility requirements.

Chime also offers a direct deposit feature, which can get customers their paychecks up to two days earlier than traditional banks. In addition, Chime does not charge monthly fees, minimum balance fees, foreign transaction fees, and provides access to over 60,000 fee-free ATMs.

Another unique feature of Chime is its secured credit card offering, which doesn't require a credit check to apply and can help customers improve their FICO Score. The company also offers a savings account with a 2.00% Annual Percentage Yield (APY) and no fees.

Chime makes money primarily through interchange fees, which are fees paid by merchants when customers use their Chime debit card for purchases.

Keywords: FinTech, Online Banking, Fee-Free, SpotMe, Overdraft, Direct Deposit, Secured Credit Card, Savings Account, Interchange Fees, Digital Banking.