Chime review
Payday
Severe Limitations
1. No wire transfer functionality. If ever someone has to pay you this way, you're out of luck. I had to open a whole new account with a traditional banking institution to get around this.
2. Good luck *ever* getting a rental car or hotel. Most companies that offer these services refuse to accept Chime cards. Granted, that's probably just a way for those businesses to stealth discriminate, but it's important for people to know. You can find yourself in a pretty precarious situation if you need a hotel or your car is in the shop and you mistakenly think your Chime card will be accepted. In all likelihood, it won't.
3. Your ability to use the fee-free overdraft and MyPay cash advances are entirely dependent on how much money moves through your account. You might suddenly find that that $75 overdraft privilege and cash advance you were depending on for an emergency grocery run is suddenly reduced to $20 and you can't use your advance because you had a bad month and didn't deposit enough money to maintain your overdraft limit or get offered an advance payment. Basically, in order for these features to be properly available to you, you need to have enough money to not really need them in the first place.
I'll be deleting my account after I transfer all my automatic payments to my new bank.
