Chime - News, Articles & Research

Company announcement/payments

Chime introduces earned wage app

Every day, American workers earn billions of dollars but more than 70% have to wait at least two weeks to receive their hard earned money.

27 August 2024

News/startups

Chime buys enterprise employee rewards platform Salt Labs

Digital banking giant Chime has acquired employee rewards startup Salt Labs. Financial terms of the deal were not disclosed.

01 July 2024

Company announcement/retail

Chime adds earned wage access feature

Chime, The #1 Most Loved Banking App™ 1, today introduced MyPay™—a low cost, transparent and seamless offering that allows qualifying Chime members to access up to $500 of their pay before payday2.

15 May 2024

News/regulation

Chime fined for delayed refunds

Digital banking giant Chime will pay more than $4.5 million to settle with the Consumer Financial Protection Bureau for illegally delaying consumer refunds.

07 May 2024

Company announcement/retail

Chime SpotMe feature made available to members using Credit Builder

Chime’s industry-leading SpotMe feature – the fee-free overdraft that’s spotted members billions since 2021 – just got even better. SpotMe¹ is now available as an overdraft line of credit when members use the Chime Secured Credit Builder Visa® Credit Card⁵, too.

26 March 2024

Company announcement/payments

Chime introduces cash back deals

Being a Chime member just got even more rewarding. As a part of our commitment to offering helpful, transparent and fair financial services to everyday people, we are excited to announce a new fee-free cash back feature, Chime Deals™ through a new partnership with Upside.

06 March 2024

News/retail

Meta and Chime sue alleged phishing scammers

Meta and digital banking giant Chime have filed a first-of-its-kind joint lawsuit against two Nigerian-based individuals they say have been using Facebook and Instagram for phishing attacks designed to get access to victims' financial accounts.

10 February 2022

News/retail

Chime calls in Goldman Sachs for possible IPO

Chime has called in Goldman Sachs to help it prepare for an initial public offering that could value the digital banking giant at up to $40 billion, according to Reuters.

21 January 2022

News/retail

Chime raises $750m at $25bn valuation

Chime has raised $750 million in a Series G funding round that values the American digital banking giant at $25 billion.

16 August 2021

News/regulation

Regulator tells Chime to stop using the word 'bank'

US digital banking giant Chime has agreed to stop using the word "bank" in its URL and elsewhere after falling foul of Californian regulators.

06 May 2021

News/retail

Chime investigating $30bn listing

American digital banking firm Chime has been talking to investment banks about an initial public offering that would value it at $30 billion, according to Reuters.

17 March 2021

News/people

Teen banking app hires Chime's Gonzalez to lead customer experience

Copper, an app-based banking startup targeting teens, has brought in Chime executive Daniel Gonzalez as vice president of customer experience and compliance.

27 October 2020