Chime has formed partnerships with two banks, The Bancorp Bank and Stride Bank, in order to better serve you and provide a better member experience overall. Your Chime account is uniquely associated with one of these financial institutions. There is no difference in terms of features, advantages, or the overall member experience between the two financial institutions.
It should be noted that Chime is a financial technology business rather than a bank. Banking services are offered by The Bancorp Bank or Stride Bank, N.A., both of which are members of the Federal Deposit Insurance Corporation.
Is chime publicly traded?
In place of this, two tiny banks, The Bancorp Bank and Stride Bank, which are both privately held and neither of which is publicly traded, manage the services that Chime provides to its consumers. 5 ″Neo-bank″ or ″challenger bank″ are two terms used to describe this sort of fintech business that primarily provides online banking services.
Does chime work with stride or Bancorp?
) Although Chime has two unique agreements—one for clients whose backing bank will be Stride, and the other for Bancorp—both agreements contain this phrase.