What bank does Chime use? How does it work? Chime isn’t a scam, is it?
Chime is linked to The Bancorp Bank and Stride Bank. While Chime provides the digital experience to access your funds, your bank account is backed by one of two partner banks, The Bancorp Bank and Stride Bank. Your Chime Spending Account is insured up to the standard maximum deposit insurance amount of $250,000 through the two partners, The Bancorp Bank or Stride Bank.