Stride offers access to online banking through Chime!
Chime offers an online banking account and savings account with these key features:
- 2 day early pay - access to your paycheck 2 days early
- No hidden fees - no minimum balance, no monthly fees, and no overdraft fees
- Automatic savings features
- 5% roundup feature
Chime Card:
When you open a Spending Account, you get a Chime Debit Card that can be used at any merchant that accepts Visa. Chime does not currently offer a credit card, but they're working on it!
Chime uses a network of 38,000 fee-free ATMS. Download the Chime app and select "ATM map" to find a nearby ATM. Chime does charge one fee of $2.50 when you get cash over the counter or at an out of network ATM.
Chime Spending Accounts:
You can add money to your Chime spending account by:
- Setting up direct deposit with your employer. By setting up direct deposit, account holders can access their paycheck up to 2 days earlier so that they can use the funds as soon as Chime receives them from their employer.
- Depositing cash. Account holders can also deposit cash to their Spending Account at over 60,000 retail locations with Green Dot. Limits apply.
Chime Savings Accounts:
When someone opens a Chime Spending Account, they are presented the option to open a Savings account or they can do it at a later time.
Automatic savings: If you turn on the automatic savings feature, each time you use your Chime Visa Debit Card, Chime rounds up the transaction amount to the nearest dollar and transfers the roundup amount to your Chime Savings Account. The more you use your Chime Visa Debit Card, the more you'll automatically save. For example, if you use you Chime Visa Debit Card twice a day on average, you can expect to save roughly $360 each year.
Here’s how the math works using the example above:
- 2 transactions each day = 60 transactions each month
- 60 transactions x $0.50 (50 cents is an average Round Up) = $30/month in Round Ups
- $30 saved/month x 12 months = $360 a year in total savings from Round Ups
How to apply for Chime account
Users can navigate to either of these links Stride landing pages:
Comments
1 comment
Zendesk ticket 427344 ;)
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