Chime Banking Now Supports Apple Pay

by

Chime Banking, a smartphone-based banking company, announced today that it now supports Apple Pay in the U.S. for both in-store and in-app payments.

Chime Visa debit cards can be added to Apple Pay by tapping the "Add Credit or Debit Card" option in the Wallet app on iOS 8.1 or later on compatible iPhones.

Apple-Pay-Chime-Bank
Chime Banking is an app that provides over 120,000 customers with FDIC-insured spending and savings accounts that are managed entirely from a smartphone.

The benefits of creating a Chime Banking account include no minimum or monthly fees, no overdrafts, personalized rewards, savings mechanisms, two-factor authentication, and no-fee ATM access at over 24,000 MoneyPass locations.

Chime Banking has no physical locations, so direct deposits and bills can be set up or paid using your Chime card number, by providing your routing and account number to the payee, or by mailing a check from the app.

Chime Banking is free on the App Store [Direct Link] for iPhone and Apple Watch.

Related Roundup: Apple Pay

Top Rated Comments

(View all)
Avatar
55 months ago
We have plenty of banks on board, now lets get some more merchants!
Score: 3 Votes (Like | Disagree)
Avatar
55 months ago

Never heard of this bank before (I'm in Canada) but I love the mobile-first mentality. Millennials don't want branches, don't want to use desktop and don't want fees. This meets all that criteria.

Don't speak for all millennials; I definitely would like some branches for ATM withdrawals and I actually prefer doing online banking through the browser most of the time. (Enough places where I live have $5-10 minimums and/or charge extra to use cards that I can't go completely cashless just yet.)
Score: 3 Votes (Like | Disagree)
Avatar
55 months ago

The average person would qualify for the 5.00% as most make more than 15 debit card transactions, spend more than $500 a month, and gets direct deposit.

Although we have ATM/debit cards, we don't use them. In the US, you lose several legal protections if you use a debit card instead of a credit card, and we would give up the rewards from the credit card we DO use.

We also don't have direct deposit. My wife and I are both retired, but aren't old enough to start any pension payments. We are living off periodic withdrawals from our investments, which are "transfers" rather than "direct deposit".
Score: 1 Votes (Like | Disagree)
Avatar
55 months ago

http://www.northpointe.com/banking/personal-accounts/ultimateaccount/

The catch: only on the first $5,000. 0.10% for the portion above that. And that's only if you make a minimum of 15 debit card purchases that total a minimum of $500 and have direct deposit. Fail to do any of that and the entire balance in the account only gets 0.05% interest.
Score: 1 Votes (Like | Disagree)
Avatar
55 months ago

OK, well that's not allowed per the merchant/issuer agreement, sorry. Look it up yourself if you don't believe me.

I believe you. I think they're just violating the rule. A lot of these places are sketchy, so I wouldn't put it above them. Yes, besides the places that offer a discount for using cash, there are places that say after you try to use credit that there's a surcharge of some amount greater than 4%.
[doublepost=1464661804][/doublepost]

That's because we live in America. In other countries, you tap your card and go. American's are too afraid and sensitive of such technology.

I don't know. It's probably just because the cities haven't modernized their train systems. Berkeley's BART trains are old, slow, and screechy, and they don't even have proper signage at the stops. I hear my city-planning-major friend complain about it all the time.
Score: 1 Votes (Like | Disagree)
Avatar
55 months ago

Sit down restaurants are actually one of the most vulnerable to fraud

I don't know where you dine out but I've never had the tip changed from what I've written down on the receipt. (I almost always leave adequate tip though so maybe they don't feel the need to do so.) Also keep in mind that it is fairly easy to figure out who's skimming cards by correlating fraud reports with where and when people have used cards, so it's not exactly something that can be kept up for long.

restaurants with wireless chip and pin readers should play apart of that role.

Why, when just any EMV terminal is enough to stop cloning/skimming?

fraud always ends up at the weakest link... So restaurants without chip readers will be the target for fraud along with internet sales.

Thieves will get a much better bang for the buck with online fraud than by scamming restaurants out of a $20-30 check or two. It's why EMV came the most quickly to places like liquor and electronics stores, which sell expensive, easy to resell items.

Once America goes to 95% > EMV transactions vs. 5% mag-stripe, customers will be wondering why a certain business still implements the old method and wonder if card skimming or another way of fraudulent activity is happening behind the scenes.

With zero liability policies in place by basically every card issuer, I don't think it'll matter to consumers as much as you think.

I'm actually in favor of a law stating chip and pin cards are required to be issued, and the card is not allowed to leave the owners hand during a transaction by 2018. Merchants that don't have the correct pin pads would then be liable for fraudulent charges and also a fine per transaction. Consumer facing and wireless terminals should be the norm everywhere while counter-top readers should not be sold by the card reading manufacturers anymore unless they're wireless and used for restaurants businesses only.

Why should the government mandate that when PIN has actually proven to, at best, only improve lost/stolen fraud in the short term ('https://www.nerdwallet.com/blog/credit-cards/emv-shift-credit-cards-not-as-safe/')?

I do agree with you about app bill paying at restaurants. However, many old timers who visit restaurants don't even have smartphones, so there needs to be an alternative; hence, wireless chip readers.

Almost 50% of people 65 and older own a smartphone ('http://www.marketingcharts.com/online/smartphone-penetration-rising-in-all-age-and-income-demos-hits-75-of-us-mobile-market-51585/'). That was back in 2014 so it's likely higher now.

The way I see it, chip and signature and even NFC/contactless are stopgaps until the real transition (to mobile checkout/ordering) takes hold.
Score: 1 Votes (Like | Disagree)

Top Stories

Apple Announces New 27-Inch iMac With 10th-Gen Processors, Up to 128GB RAM, 1080p Webcam, True Tone, and More

Tuesday August 4, 2020 8:07 am PDT by
Apple today announced a new 27-inch iMac with faster 10th-generation Intel Core processor options, next-generation AMD graphics, up to 128GB of RAM, a higher-resolution 1080p front-facing FaceTime camera, a True Tone display with a nano-texture glass option, a T2 chip, higher fidelity speakers, studio-quality microphones, and more. A breakdown of the new 27-inch iMac's features and specs:10th...

8 Third-Party Home Screen Widgets That You Can Try Out Now on iOS 14

Wednesday August 5, 2020 12:56 pm PDT by
One of the biggest new features of iOS 14 is Home Screen widgets, which provide information from apps at a glance. The widgets can be pinned to the Home Screen in various spots and sizes, allowing for many different layouts. When the iOS 14 beta was first released in June, widgets were limited to Apple's own apps like Calendar and Weather, but several third-party developers have begun to test ...

Everything New in iOS 14 Beta 4: Apple TV Widget, Search Improvements, Exposure Notification API and More

Tuesday August 4, 2020 11:14 am PDT by
Apple today released the fourth developer betas of iOS and iPadOS 14 for testing purposes, tweaking and refining some of the features and design changes included in the update. Changes get smaller and less notable as the beta testing period goes on, but there are still some noteworthy new features in the fourth beta, which we've highlighted below. - Apple TV widget - There's a new Apple TV...

Apple May Launch This Year's 'iPhone 12' Lineup in Two Stages, With 6.1-inch Models Debuting First

Monday August 3, 2020 3:14 am PDT by
Apple last week confirmed that its "‌iPhone‌ 12" launch will be delayed this year due to the ongoing global health crisis and restrictions on travel. Apple last year started selling iPhones in late September, but this year, Apple projects supply will be "available a few weeks later," suggesting a release sometime in October. We're expecting a total of four OLED iPhones in 5.4, 6.1, and...

Apple Explains Why You Might See 'Not Charging' When a Mac is Plugged In

Monday August 3, 2020 1:42 pm PDT by
If you have a Mac and have seen a "Not Charging" warning when plugging it in to power, Apple last week released a support document that explains why. Macs running macOS 10.15.5 or later have a Battery Health Management feature to preserve the life of the battery, and occasionally, the Battery Health Management option will cause the Mac to pause its charging for calibration purposes.Depending ...

Supposed iPhone 12 Display Unit Leaks

Thursday August 6, 2020 8:13 am PDT by
An image supposedly of an iPhone 12 display unit has been shared online by leaker "Twitter user Mr. White". Compared to images of an iPhone 11 Pro display piece, this new unit has a reoriented display connector, reaching up from the bottom of the display, rather than from the left-hand side on iPhone 11 Pro. This may be due to the logic board moving to the other side of the device. A...

Google's $349 Pixel 4a vs. Apple's $399 iPhone SE

Wednesday August 5, 2020 1:45 pm PDT by
Google this week launched its newest smartphone, the $349 Pixel 4a, a low-cost device that's designed to compete with other affordable devices like Apple's iPhone SE. We picked up one of the new Pixel 4a smartphones and thought we'd check it out to see how it measures up to the iPhone SE, given that the two devices have such similar price points. Subscribe to the MacRumors YouTube channel ...

Apple-Acquired Dark Sky Officially Shuts Down Android App

Saturday August 1, 2020 3:43 pm PDT by
Apple in March purchased weather app Dark Sky, and at that time, Dark Sky's developers said that the app's Android version would be discontinued on July 1, 2020. However, instead of shuttering the app on that date, the app's developers announced that the discontinuation would be delayed for another month. Now that it's August, Android users are no longer able to access the app, and...

Samsung Launches Galaxy Note 20, Galaxy Z Fold 2, and Galaxy Buds to Compete With Apple's iPhones and AirPods Pro

Wednesday August 5, 2020 10:07 am PDT by
Samsung today held a virtual Galaxy Unpacked event where it unveiled its next-generation smartphones that will compete with Apple's 2020 iPhone lineup, set to come out in the fall. Samsung announced the launch of the Galaxy Note 20 and the Galaxy Note 20 Ultra, the two newest devices in the Note lineup, and, more notably, the Galaxy Z Fold 2, Samsung's latest foldable smartphone. The...

Alleged 'iPhone 12' Images Depict Circular Array of Magnets in Chassis

Wednesday August 5, 2020 4:39 am PDT by
New images shared on Weibo appear to show a circular array of magnets housed inside an "iPhone 12" chassis. The unverified images depict 36 individual magnets in a circular arrangement, suggesting they could be related to mounting or charging. EverythingApplePro, who shared the Weibo-originating images on Twitter, also posted an image of an alleged iPhone 12 case with a similar array of...