Compare Alternative Options for Building Credit
FEATURED OFFER: START BUILDING CREDIT WITH STEP
Step Visa Card
Annual Fee
$0
Regular APR
None
Recommended Credit
No Credit
Pros
- Available for users under 18
- No minimum deposits
- Reports payments to all three bureaus
- No interest
- Rewards on purchases
- Early pay days
Cons
- No phone customer support
- Cannot deposit cash or checks into account
- Low ATM withdrawal limits
- No reported payments before customer turns 18
Featured Offer
Chime® Checking Account
Learn more
On Chime®'s website
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Opening Deposit
$0
Pros
- No minimum opening deposit
- No monthly service fees
- Receive your paycheck up to 2 days early with direct deposit
- Rounds debit card purchases up to the nearest dollar and puts spare change in your Chime Savings Account
- No overdraft fees for overdrafts up to $200 with SpotMe®, if you qualify
- No foreign transaction fees
- Request checks be sent to recipients online
- Can deposit cash at select retailers
- Chime+ benefits if you receive a qualifying direct deposit to a Chime checking accounts
Cons
- $2.50 out-of-network ATM fee
- No overdraft protection for overdrafts exceeding $200
- No physical checkbook
Insider’s Take
Chime has one of the best checking accounts out there, but it doesn't offer joint accounts or pay the best savings rate. Its strongest feature is that it's great for people who might not qualify to open accounts elsewhere — it doesn't check your credit score or banking history when you apply for a checking account, savings account, or credit card. It also provides several credit-building tools.
Chime Checking Account
Product Details
- Get paid up to 2 days early with direct deposits
- 50,000+ fee-free ATMs nationwide through MoneyPass® and Visa® Plus Alliance
- Free cash deposits at Walgreens; May deposit cash at other select retail locations but you may be charged a fee
- Rounds debit card purchases up to the nearest dollar and moves spare change into your Chime Savings Account
- Qualify for SpotMe® overdraft protection by receiving $200 in direct deposits per month
- Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.
