What you MUST know about Chime Banking episode artwork

EPISODE · Nov 22, 2019 · 10 MIN

What you MUST know about Chime Banking

from The Carter Farr Show · host Carter Farr

Lets talk about and review Chime Mobile Banking App and go over all the features and whether or not it’s actually a good bank!  Add me on IG! https://www.instagram.com/tradingwith...  We’ll both get $50 when you open a Chime bank account and set up direct deposit! https://chime.com/r/carterfarr __________________  here are few things more annoying in my life than recurring, nominal bank fees. I find it amazing that few things can rile us up more than looking over a bank statement and finding a $9.99 monthly charge.  Good thing then, that Chime–a new platform that is backed by Bancorp Bank (and FDIC insured)–offers checking, savings, and debit card accounts… fee-free.  Before you decide to start an account with Chime Bank, look over the fine print. In this article, I’ll review Chime Bank in detail, so you can determine if it’s right for you or not. Let’s start with learning more about Chime itself. What Is Chime? Many of us are getting fed up with traditional banks. Banking is something that we need to have access to, but the associated fees and other nuisances that go along with it are less than desirable. Chime Bank is an online or “mobile-only” bank that offers you an alternative to traditional banking methods. If you are sick of having to pay high fees or if you don’t want to deal with overdrafts, then you might be interested in this banking method.  It makes things convenient and offers you a streamlined service that’s easy to understand.   PROS Avoid fees FDIC-insured No foreign transaction fees Lots of ATMs Simple direct deposit  CONS Depositing cash Customer service The interest rate isn’t great for savings No physical branches  Best high-yield savings accounts First Foundation Bank – 2.40% APY. BrioDirect – 2.30% APY. SFGI Direct – 2.27% APY. Any questions let me know!  My Camera : https://amzn.to/33kaUprMy Microphone: https://amzn.to/2nGPUKi  Trading Computer: https://amzn.to/2VJ8jTlTrading Book: https://amzn.to/33wwhUF

Episode metadata supplied by the publisher feed · Published Nov 22, 2019

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