When you make a purchase with your Chime Visa Debit Card, Visa charges an interchange fee to the merchant.Financial institutions charge merchants these fees whenever a customer uses a debit or credit card to make a purchase. Yikes.Ĭhime makes money primarily from interchange fees. According to S&P Global Intelligence, big banks raked in a staggering $2.34 billion in overdraft fees in the first three months of 2021 alone. 1 So you might wonder how Chime manages to make money without slamming you with fees.Īfter all, fees are lucrative among traditional big banks. Get paid up to two days early³ with direct depositĬhime is a financial technology company that offers benefits like fee-free overdraft 4 with SpotMe ® and an extensive fee-free ATM network.You can access our features that help you manage, move, and grow your money.Ĭhime works hard with its partner banks to make sure it has your back with: As a digital-only financial institution, all of Chime’s accounts and tools are a tap away via our mobile app.