Chime Promo Code (May 2023): $100 Signup Bonus

How To Use Your Chime Promo Code

Up until March 31, 2023, Chime offered a referral program for new users. When you signed up with Chime using a referral link (or the promo code YOREOYSTER), you would receive a bonus of $100 after completing a $200 direct deposit, as long as it's within 45 days of the date you opened your account. 

To use the Chime promo code, you had to:

• Visit Chime‘s website and sign up. 
• Enter your name, email address and mailing address.
• Verify your identity.
• Make a direct deposit of $200 or more.

What Is Chime?

Chime is a financial technology company that prides itself on its transparent fee structure. It eliminates the fees that many of the big banks charge and has developed a reputation as an account that’s generous with interest rates and attentive toward its users.

Chime also calls itself a “second chance banking option,” and for good reason. It doesn’t perform credit checks when customers open a new account, making it a great option if you have a poor credit score or are trying to restart your financial life. This is important since about 6% of Americans are still “unbanked” due to structural barriers like a low credit score, according to recent numbers from the Federal Reserve.

Chime Features

Some of Chime’s best features include:

• Fee-free overdraft for up to $200.
• Direct deposits arrive up to 2 days early.
• Automatically round up to the nearest dollar and transfer the round-up from your Spending Account to your Savings Account.

Remember that you first need to create a Chime Spending Account before you can open a Savings Account with the company.

Chime Fees

• No monthly/annual fees.
• No card replacement fees.
• There is no minimum balance or foreign transaction fees.

How To Sign Up With Chime

#1 Visit Chime‘s website and click on the Get Started button. 

#2 Fill in your name, last name, and email address.

#3 Enter your mailing address where Chime can send your card (no PO boxes allowed).

#4 Enter your source of income. This will not affect your Chime application, but it's necessary to apply.

#5 Agree to the Terms of Service and submit your application.

#6 Verify your identity using your driver’s license, passport, resident card, or work permit.

Chime’s Referral Program

While Chime's referral program was still active, you used to be able to find your referral in the Settings menu of the app. You could tap Invite Friends, and after one of your friends signed up and deposited $200, you would each earn a $100 bonus.

Unfortunately, this is no longer possible, as Chime's referral program has been shut down.

Is Chime Safe & Legit?

All deposits held in Chime accounts are FDIC-insured up to $250,000. Chime also uses encryption and various other security measures to ensure your money is always safe and secure.

Here are a few more security features that make Chime extra safe:

• Instantly block all transactions (including purchases and ATM transactions) and/or international transactions directly from the app
• Chime debit cards are protected by the Visa Zero Liability Policy, which means you aren’t responsible for any unauthorized charges to your account
• Two-factor authentication
• Chime supports fingerprint authentication

In Summary

Chime is an ultra-modern, customer-centric account that's a solid option for anyone seeking an easy-to-use online bank. However, as of March 31, 2023, Chime stopped offering signup bonuses, so unfortunately you're out of luck.

Instead, I recommend capitalizing on one of these signup bonuses instead:

• Cash App ($35+ bonus when using my Cash App referral code)
• TopCashback ($25 bonus when using my TopCashback referral code)