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Online banks like Chime: Top Chime alternatives

Send money abroad

Most people today use digital platforms for their banking needs. In fact, a survey among U.S. consumers shows that 77% prefer using mobile apps and online channels1,2 when making financial transactions. While almost all major banks now offer these digital channels, many are still looking for more consumer-friendly banking services.

Apps like Chime and modern fintech platforms strive to meet the changing needs of consumers by offering more than what traditional banks do.  In this blog, we take a peek at what Chime offers and explore the best Chime alternatives based on how they address the unique banking needs of consumers.

What is Chime?

Chime is a fintech company established by Chris Britt and Ryan King in 2012 to provide ordinary folks an easier way to access financial services. For over a decade, it has been offering users a streamlined alternative to traditional banking. Among its most popular features are an easy-to-use mobile interface, no minimum deposit requirements, and fee-free digital banking services.

Features

Chime accounts are managed by their bank partners, the Bancorp Bank and Stride Bank, so all deposits are insured by the FDIC. Aside from this security, it offers features that give much value to consumers:

High-yield savings.3
Chime savings accounts earn 2.00% APY, which may be increased further to 3.75% APY for accounts under Chime+.
Early paycheck access.4
Chime users can set up direct deposit and get their paycheck up to two days earlier than most traditional banks.
Accessible credit.5
The Chime Credit Builder Credit Card does not require credit checks during application. It also has no annual fees and security deposits, allowing users to build their credit scores without spending too much.
No overdraft fees.6
Through Chime SpotMe, users are not charged overdraft fees even if debit or credit card transactions and cash withdrawals exceed up to $200 of their available balance.

Because of these features, the platform has gained traction among tech-savvy individuals looking for a convenient online banking service without the traditional costly banking fees.

Limitations

Despite its advantages, Chime has limitations and may not be able to meet every single need of bank users. For one, its lack of brick-and-mortar branches can be inconvenient for customers who prefer in-person banking. Chime also doesn’t offer international money transfers and wire transfers7, which are important services for freelancers, immigrants, and business owners. With no joint account options, it may not be suitable for couples or families looking to manage shared finances. Moreover, account limits for deposits, withdrawals, and spending may hinder daily operations for individuals who regularly handle cash transactions.

How to choose online banks like Chime?

If Chime does not fully meet your banking requirements, other similar banks may be able to do so. When considering Chime alternatives, focus on what truly matters to you. The banking experience must align with your needs and preferences.

Here are some factors to keep in mind as you build your criteria for selecting Chime alternatives.

Fee transparency

Chime is known for having low fees. It keeps costs down for things like account maintenance, overdrafts, and transactions. When you look for other options, choose a bank that is honest about all its fees. Look beyond low published fees and check for hidden charges, especially if you use your account a lot.

Value-added features

The services a bank provides can impact your banking experience. So, look for platforms that offer more than just checking and savings accounts. Credit cards, rewards programs, and investment tools can help you manage and grow your finances better.

Accessibility

A good digital bank should be simple to use. It must provide quick and convenient access to your funds through whatever channel you prefer. Before opening an account, check the process for using their mobile app, getting cash from an ATM, transferring funds, and other transactions you frequently do. Make sure they’re all fast, simple, and stress-free.

Reliable support

Even the best bank is no good if you can’t get support when you need it. Choose a bank that offers quick help by chat, phone, or email. Fast customer service can make your banking experience much better.

An app like Chime to send money overseas

If you’re looking for Chime alternatives that allow international money transfers, BOSS Money is one of your best options.

When it comes to sending money abroad, BOSS Money has one of the fastest and most affordable money transfer services. The app supports money transfers to over 50 countries, allowing recipients to get funds via bank deposit, cash pickup, direct debit, mobile wallet, or home delivery. 

While it is not a traditional bank, BOSS Money is backed by the secure infrastructure and vast network of the IDC. And, although it lacks traditional banking features like checking or savings accounts, it makes up for it with its focus on remittances and payment tracking for international money transfers. Unlike most digital apps, users don’t need a credit or debit card to send money through BOSS Money; they can just visit one of several partner locations and complete the transfer in cash. All these make BOSS Money a smart choice for fast, reliable international transactions and global connectivity.

Top online banks like Chime

Chime resonates with people who use digital banking services for day-to-day transactions. However, Chime also has its limitations. For those looking for features that it lacks, here are some free online banks like Chime that offer distinct services. 

Revolut8

In 2015, Revolut was launched to offer people a different way to spend and transfer money abroad. Today, it has more than 55 million global users enjoying a broad range of banking services through its mobile app.

To provide users flexibility, Revolut offers different plans for individuals and business accounts. Money management tools, investment options, and digital savings give users more control over how they use and manage their money. With Revolut, you can send money abroad, maintain a savings account, trade cryptocurrencies, invest in stocks, and use accounts in different currencies. 

There are some downsides, though. Some users say the customer support can be inconsistent, and because Revolut doesn’t have physical bank branches, it may not be the best choice if you prefer in-person banking.

  • Real-time tracking
  • Up to 5% cashback on qualifying purchases
  • Fast and secure money transfer
  • No in-network ATM withdrawal fees10
  • Inconsistent customer support
  • International fees up to $10 or 5% of transaction amount9

Current

Current is a mobile app designed for users looking for a more convenient way to manage their finances. Like Chime, it offers free online banking services such as direct deposits, early paycheck access, bills payments, and fee-free overdrafts.

When you create a Current account, you get a debit card or a credit-building secured card, which you can use for purchases and ATM withdrawals. You also enjoy excellent reward programs and higher savings potential.

Although Current is a great platform for those who value on-the-go access, its use is limited to individuals in the United States. It does not offer international money services and multi-currency accounts.

  • No sign-up and annual fees
  • Fee-free overdraft with no credit check11
  • Up to 4% APY on savings account13
  • Limited money transfer options
  • Available to U.S. customers only12
  • Requires at least $500 payroll deposits to earn a 4.0% boost rate13

Monzo

Established in the United Kingdom in 2015, Monzo is one of the UK’s fastest-growing banks. In the United States, it has been operating as a fintech company providing digital banking services since 2019.14

With Monzo, you can open personal or joint accounts that earn up to 3.75% annually. You can use your Monzo account to pay for bills, groceries, restaurant tabs, and other expenses. Using the Monzo app, you can also add other accounts and credit cards to better manage your finances.

When it comes to money transfers, Monzo’s services are quite limited. It only allows transfers to bank accounts linked to your Monzo account. You won’t be able to send money to other accounts, either domestically or internationally.

  • 2% cashback on groceries and eating out
  • Joint account option available
  • No foreign transaction fees
  • No minimum deposit fees
  • No domestic or international money transfer services15
  • Requires SSN or ITIN to open an account16
  • Advanced features require a Monzo Pro subscription

Axos Bank 

For people looking for an app that does more than manage digital payments, Axos Bank is a good option. Its online platform and mobile app offer a wide range of consumer and business banking services, including checking and savings accounts, managed portfolios, trading tools, mortgages, and loans.

Axos has several account plans available, giving you flexibility in choosing which ones meet your needs. With fee-free checking accounts, no monthly fees, no minimum balance, and competitive interest rates, Axos is a consumer-friendly choice.

  • Free ATM withdrawals in 91,000 locations17
  • Real-time alerts on account activity
  • Small business and commercial banking features
  • No peer-to-peer payment feature
  • 5-day hold on mobile check deposits 
  • Must inform bank before international travel17

Dave

Dave is a banking app that became widely known for its $500 extra cash offer. While there are only a few users who qualify for that amount, access to cash repayable on demand still attracts many users. Aside from the ExtraCash feature, Dave also enables direct deposits that let users get their paychecks up to two days early. 

What makes Dave different from other mobile banking apps is its income-generating features. If you want to earn a little extra, you can take paid surveys or look for side hustles in-app. However, these features may not be available worldwide.

  • No credit check and minimum balance required
  • Quick access to cash
  • Features that provide earning opportunities18
  • Requires an SSN for account opening18
  • Has a monthly fee

Ally Bank

In the 1920s, Ally Bank started as GMAC, a small New York-based company catering to people in need of auto financing. Over the century, it has grown into one of the country’s top digital financial services companies.

Ally’s online banking platform provides users with comprehensive services, including checking and savings accounts, mortgages, loans, investment tools, and financial management products. Compared with Chime, it’s a great alternative for people seeking services beyond basic banking.

When it comes to savings, Ally offers competitive rates for all balance tiers. However, withdrawals are limited to just 10 per statement cycle for some accounts.19

  • No minimum deposit and monthly service fees
  • Diverse financial products
  • Free ATM use through AllPoint and MoneyPass
  • No physical branches
  • Does not support international transactions
  • Limited cash deposit options

Varo Bank

Varo is a digital-only bank that has an OCC national bank charter. This means it is a legitimate bank and FDIC-insured, even if it doesn’t have physical branches. 
Its mobile-based platform is ideal for those who prefer online banking over visiting a physical location. It’s intuitive and simple to use, giving users easy access to their accounts and transactions.

With Varo, there are no maintenance fees, overdraft fees, minimum balance requirements, or other usual bank charges. It also provides a high-yield savings account with good interest rates, allowing users to grow their savings faster. However, Varo doesn't offer joint accounts or investment options, which might be limiting for people with more diverse financial management needs.

  • No maintenance, overdraft, or foreign fees
  • 3% cashback from over 10K merchants21
  • High interest rates on savings account
  • No credit check
  • $3.50 fee on out-of-network and international ATM withdrawals20
  • 5% APY is only for the first $5,00022

Comparing apps like Chime

To help you compare Chime alternatives, we’ve put important details in a single chart. Use the comparison table below to find online banks like Chime that best meet your needs.

Features Revolut8 Current23,24 Monzo25,26,27 Axos28,17 Dave29,30 Ally Varo
Account type Savings, Revolut for Under 18s Deposit, Teen  Personal savings, Joint savings Checking, Savings, Money Market, CDs Checking, Goal savings Savings, Money market, CD, Spending, IRA Checking, Savings, CD
Monthly fee $0 - $16.9931 $0 $0 - $10 $0 Up to $532 $033 $0
ATM access 55,000+ global ATMs 40,000+ fee-free ATMs35 40,000+ MoneyPass ATMs36 91,000 in-network ATMs 40,000+ MoneyPass ATMs18 75,000+ Allpoint and MoneyPass ATMs37 40,000+ Allpoint ATMs38
Interest rate (APY) Up to 3.5%34 0.25% or 4% Up to 3.75% Up to 4.66% Up to 4.00% Up to 3.60% Up to 5%
Mobile app Money transfers, Currency exchange, Global payments, Investment products39 Mobile check deposit, Bill payments, Instant spending notifications Automated bill payments, Tip tracker, Multi-account management Mobile check deposit, bill pay, P2P payment, account security, customer support ExtraCash, Direct deposits, Early paycheck access Mobile check deposits, ATM locator, Banking debit and credit card usage controls 24/7 live customer support, free credit score tracker
Customer support Chat, phone, email Chat, phone, email Chat, phone, email Chat, phone, in-app message Chat, phone, email Phone, email, chat Phone, email, chat
Additional services Insurance, Stocks, Automated investing Savings Pod,
Paycheck Advance,
Crypto trading		 Early paycheck access Home loans, auto loans, CDs Paid surveys, Side hustle board Auto loans, CDs Credit building tools
International capabilities International transfers, multi-currency accounts International ATM cash withdrawals and payments Yes
(Mastercard payments, ATM withdrawals)40		 Yes
(Visa payments and ATM withdrawals)		 Yes
(payments and ATM)		 Yes
(payments and ATM)		 Yes
Security measures 2FA, encryption Multi-factor authentication, Fingerprint & Face ID lock41,42 Real-time spending notification, single-use card number, account freeze43 Biometric authentication, SSL encryption44,45 24/7 fraud monitoring, live transaction alerts46 Multi-factor authentication, TLS encryption, biometrics, security codes47 2FA, encryption
FDIC insurance Yes
(thru Lead Bank and Sutton Bank)48		 Yes
(thru Choice Financial Group and Cross River Bank)		 Yes
(thru Sutton Bank)		 Yes
(FDIC member)		 Yes
(through Evolve Bank and other partner banks)		 Yes
(FDIC member)		 Yes
(FDIC member)

Find the app for your specific needs

Most people now rely on digital banking for daily transactions and money management. Aside from the convenient access to financial services, digital banking offers features that traditional banks don’t have. Chime, for instance, offers high-yield savings with no minimum deposit requirements and fee-free digital services. There are also several alternatives to Chime that suit unique financial needs.

The Chime alternatives we have listed cater to diverse preferences, from comprehensive solutions like Revolut to niche options like BOSS Money. These digital apps may offer fast international money transfers, low transaction fees, solid savings features, or easy global transactions. Understanding what each platform offers can help you find the app that best meets your needs.

Sources: all third party information obtained from applicable website as of May 27, 2025

  1. https://www.aba.com/news-research/analysis-guides/preferred-banking-methods

  2. https://www.aba.com/about-us/press-room/press-releases/consumer-survey-banking-methods-2024

  3. https://www.chime.com/savings-account/

  4. https://www.chime.com/get-paid-early/

  5. https://www.chime.com/credit-builder/

  6. https://www.chime.com/spotme/

  7. https://help.chime.com/hc/en-us/articles/18527652734103-Does-Chime-offer-international-transfers

  8. https://www.revolut.com/

  9. https://www.revolut.com/en-US/legal/standard-fees/

  10. https://assets.revolut.com/legal/terms/%5BCLEAN%202025.2%5D%20Revolut%20Consumer%20Prepaid%20Cardholder%20Agreement_effective%20April%2022%2C%202025.pdf

  11. https://current.com/overdraft_protection_terms_of_service/

  12. https://support.current.com/hc/en-us/articles/4408091407515-Is-Current-available-worldwide

  13. https://current.com/save/

  14. https://monzo.com/us/blog/2019/06/13/monzo-us-blog-monzo-usa

  15. https://monzo.com/us/help/us-transferring-money/us-can-monzo-send-or-recieve-wire-transfers

  16. https://monzo.com/us/help/us-general-info/us-opening-a-monzo-account

  17. https://www.axosbank.com/personal/support/faqs

  18. https://dave.com/no-hidden-fees

  19. https://www.ally.com/bank/online-savings-account/#

  20. https://www.varomoney.com/atm-locator/

  21. https://www.varomoney.com/cashback/

  22. https://www.varomoney.com/savings-account/

  23. https://cdn.current.com/choice_account_agreement.pdf

  24. https://cdn.current.com/agreements/rate-fees-information.pdf

  25. https://monzo.com/us

  26. https://apps.apple.com/us/app/monzo-mobile-banking/id1052238659

  27. https://monzo.com/us/blog/2019/06/13/monzo-us-blog-monzo-usa

  28. https://www.axosbank.com/

  29. https://dave.com/

  30. https://dave.com/deposit-agreement

  31. https://www.revolut.com/en-US/our-pricing-plans/

  32. https://support.dave.com/hc/en-us/articles/115001436431-Dave-Membership

  33. https://www.ally.com/bank/view-rates/

  34. https://www.revolut.com/en-US/savings/

  35. https://current.com/spend/

  36. https://monzo.com/us/personal-account

  37. https://www.ally.com/bank/find-atms/

  38. https://www.varomoney.com/atm-locator/

  39. https://play.google.com/store/apps/details?id=com.revolut.revolut&hl=en

  40. https://monzo.com/us/help/us-monzo-card/us-using-your-monzo-card-outside-the-us

  41. https://current.com/

  42. https://current.com/terms_of_service/

  43. https://monzo.com/us/features/security

  44. https://www.axosbank.com/personal/bank/savings-accounts

  45. https://www.axosbank.com/legal/security-center

  46. https://dave.com/security-trust

  47. https://www.ally.com/security/our-approach/

  48. https://www.revolut.com/en-US/how-we-keep-your-money-safe/

This article is provided for general information purposes only and is not intended to address every aspect of the matters discussed herein. The information in this article is not intended as specific personal advice. The information in this article does not constitute legal, tax, regulatory or other professional advice from IDT Payment Services, Inc. and its affiliates (collectively, “IDT”), and should not be taken or used as such by any individual. IDT makes no representation, warranty or guaranty, whether express or implied, that the content in this article is current, accurate, or complete. You should obtain professional or other substantive advice before taking, or refraining from, any action on the basis of the information in this article.

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