Chime is a financial technology company that offers mobile banking services to its customers. The company was founded in 2013 by Chris Britt and Ryan King, with the aim of making banking services more accessible, convenient, and affordable for everyone.

Chime provides a suite of financial products, including checking and savings accounts, debit cards, and a range of tools to help customers manage their finances. The company's banking services are entirely digital, with no physical branches, and can be accessed through its mobile app, which is available on both iOS and Android devices.

One of the key features of Chime is its emphasis on fee-free banking. Unlike traditional banks, Chime does not charge any monthly maintenance fees, overdraft fees, or foreign transaction fees. Additionally, Chime provides access to over 38,000 fee-free ATMs across the United States through its partnership with the MoneyPass ATM network.

Chime's spending accounts offer a range of tools to help customers manage their finances, such as real-time transaction notifications, weekly spending summaries, and savings goals. The company's optional savings account, called the Savings Account, provides customers with an annual percentage yield (APY) of up to 0.50%, which is significantly higher than the national average.

Another key feature of Chime is its early direct deposit feature, which allows customers to access their paychecks up to two days early. Chime also offers a feature called SpotMe, which allows customers to make purchases with their debit card even if they don't have enough funds in their account, with no overdraft fees.

Chime is able to offer these features and services by partnering with regional banks, which provide the underlying banking infrastructure for Chime's products. The company's partnerships with these banks also help to ensure that customer deposits are FDIC-insured up to $250,000.

In addition to its consumer banking services, Chime has also launched a range of products aimed at helping customers build their credit, including the Credit Builder Card, a secured credit card designed to help customers establish or rebuild their credit history.

Overall, Chime's innovative approach to banking and emphasis on fee-free services has helped to make it a popular alternative to traditional banks. With over 12 million accounts and counting, Chime is quickly becoming one of the leading players in the fintech space.