Chime is one of the top alternatives providing its customers with the best mobile banking services for a while now. While Chime has been at the top of its game, there could be a few limitations keeping you from attaining top-notch services. We have seen a trend of quite a few people looking into several online banks like Chime that could serve as the best online banking platforms. 

With online banks like Chime, you can avail yourself of several overwhelming features; let’s say better than Chime. Where Chime offers a mediocre APY, its various alternatives like Cash App, Varo, and MoneyLion can cater to your requirements in one way or the other.

Top Online Banks Like Chime

Here are our top picks of some of the online banks like Chime. They work similarly to Chime with a couple of extended and advanced features otherwise not offered by the Chime. 


Other Banks Like ChimeAPYMinimum DepositCashbackOverdraft Fees
MoneyLion5.99%- 29.99%No minimum deposit MoneyLion Mastercard$30 typically 
Axos BankUp to 1.00%$50 typically Up to 1.00%Zero 
OnJuno1.20%No minimum deposit5% on $3000 annually No overdraft fees 
Ally0.10%No minimum deposit Zero
Cash App No APY No minimum depositCash App Cash Card No overdraft fees
Varo 0.50%-3% APYNo minimum depositVaro Bank Visa Debit CardNo overdraft fees


MoneyLion is one of the digital banking platforms that works just like Chime except for a few features and services. It is best for the people who wish to build their credit scores as MoneyLion does not perform any hard credit checks that could impact your credit score. 

In addition to this, it does not charge any hidden fees. It offers numerous financial services and products for its customers, for instance, Checking Account, Instacash Advance, Debit Cards, Credit Builder Loans, MoneyLion Crypto, and much more. 

The APR of MoneyLion ranges between 5.99% to 29.99%, and there is no minimum balance required to create an account. However, the Investment Account Fee of MoneyLion is at least $1 per month that you have to pay. 

It also offers the financial membership program known as the Credit Builder Plus Membership that costs $19.99 every month. MoneyLion serves as the best alternatives for Chime as it also offers you a personal finance monitor through which you can take a glance at your balance status keeping track. 

Axos Bank 

Another great alternative to Chime is that of the Axos bank. It does not charge you with any monthly maintenance fee, in addition to zero overdraft fees. Excitingly, you can have five checking accounts with Axos, all of the different kinds segregated into two age groups. 

The initial deposit required at Axos Bank is $50. 

The purchases made through the signature debit card also allow you to earn a cashback up to 1.00% and a maximum of $2000 earnings through the debit card; but for this, you need to have a minimum account balance of $1500. 

One of the other features of Axos Bank is $12 domestic ATM fee reimbursements every month.

It offers another account known as the Rewards Checking Account, where you can earn up to an interest of 1%. However, to earn the rewards, you must have purchase of $3. 


OnJuno is yet another first-class alternative for the Chime. It requires no minimum deposit for opening the account and zero monthly fees for services. You can also earn cashback through their platform. 

At OnJuno, you can earn an APY of 2.15% and a 5% cashback on spending up to $500.

When you set up your first direct deposit, it allows you to earn a bonus of $50 and a Metal card, which has prime advantages, unlike the services offered by Chime. You can also buy and sell the crypto here from as low as $1, isn’t it exciting!

OnJuno majorly targets international customers as it offers a very reasonable charge on international transfers. Moreover, there is little or no credit check at OnJuno, which means you do not have to worry about your credit score at all. 


Ally offers its customers financial services of top quality and also allows you to invest in the stocks through its platform. It requires simple online signup without any extra information required. 

Ally offers a 0.10% APY on the balance of around $15,000, whereas on a balance above $15,000, the APY is 0.25%.

Like many other Chime alternatives, Ally requires no minimum deposit fee, which is why it is our top preferred choice. It offers its customers an Online Savings Account and also does not charge any fee for the services it provides. 

On the other hand, it has an Interest Checking Account with an APY of 0.10%. So, if you want to dive into the best choices for Chime alternatives, Ally can be your top pick if it fits the best to your interests! 

Cash App 

Cash App is one of the easiest and convenient ways of making a peer-to-peer payment without any extensive procedures required. It does not charge you any monthly services or transaction fees to your delight. 

Among many user-friendly services available, it also allows Stock and Bitcoin trading with as low as $1. Cash App has got care of all your needs, and you can work seamlessly in the stocks as you wish to. Also, if you deposit $300 in your account every month, you can enjoy a completely free ATM withdrawal

The most promising feature of the Cash App is that it allows you to receive the paycheck at least two days earlier than the actual day. 

Unlike Chime, another eye-catching feature of the Cash App is the Cash Boosts. These work in a way that by using your Cash App Cash Card, you can avail several discounts. 

Please keep in mind that the purchase limits through Cash Boosts are minimal. 


You might have heard of the Varo app before, known for several financial services and products such as savings account, credit card, debit card, and many others. Like many other available online banking services, it does not charge any monthly fees for its services. 

Its APY earning procedure is quite exciting and increases nominally. For instance, on a $5000 balance, you can make an APY of 3%. 

In addition to this, it offers a program for your monthly savings to help you manage your finances in the best possible way. They have two savings programs known as Save Your Change and Save Your Pay. 

  • Save Your Change: It rounds up your banking transactions to the nearest digit and then sends it to your savings. 
  • Save Your Pay: While here, a certain percentage that you decide of your deposit goes into your savings account. 

Lastly, Varo allows very convenient money transfers without any overdraft fees. The FDIC legally ensures Varo, so you won’t have to worry about the authenticity of your transactions, too, as they are purely safe and secure. 

Other Online Banks Like Chime to Look Into – Banks and Checking Accounts 

Chime AlternativesKey Features
LendingClub Banking0.75% APY on the first $20,000 and earn up to 0.15% APY interest
MXFastest growing fintech providers and is among the top 50 digital banking providers
Acorns$10 sign up bonus and $0 minimum account balance. $3 monthly to get Acorns Spend checking account
Charles SchwabEarn a 0.03% APY on entire account balance. No foreign transaction fees
StarlingAllows to send money in 39 countries worldwide. Does not charge any fee for a personal account
DiscoverNo balance required on monthly basis. Annual percentage yield of 0.40%
Bank5 ConnectFree ATM credits of $15 and a 0.20% APY on balances more than $100
Customer Credit UnionEarn 4.09% APY on initial $10,000 in deposits. Free ATM access
MyBankAllows the transfer of funds through IMPS, RTGS, NEFT, and Quick Transfer 
Quontic Earn APY up to 1.01% and minimum deposit of $100 is required

Why Look for Online Banks Like Chime

It is indeed beyond doubt that Chime is one of the financial technologies that has been helpful to many people with its banking services. They do not charge any maintenance fee or monthly services fee. Not only this, but it also does not have any minimum balance requirements for its customers.

But it is pretty reasonable to say that Chime holds its fair share of downsides or limitations that might not suit some customers. That is why people began looking for the best available Chime alternatives that could lead them towards added benefits other than the Chime. 

Chime has very substandard customer service, and it has a mediocre APY compared to other available alternatives

Moreover, not all the services are free, and you might have to pay for cash deposits and ATM transactions depending upon the amount you are budging.

It also does not allow an account for multi-currency transfers, and if you use your card internationally, the fee associated is much higher than that in the United States. 

Many factors added to people transitioning to other online banks like Chime to brush off such problems. 

Prerequisites Of a Good Digital Bank – The Must-Haves! 

While digital banking has leaped over the past years, it must maintain the standards it created through high-quality services. People could avail themselves of the digital banking service from every nook of the world without waiting in lengthy queues in the bank. 

While there are many such advantages, we will list a few of the significant must-haves that a reputable and competitive digital bank should make sure of:

  • Security: First and foremost, security is one of the prime requirements when you move to online banking. All the transactions that a person is making through a respective platform need to be encrypted and free of any counterfeits. 
  • No hidden fees: While many banking services charge customers additional costs, online banks lie ahead of all. It is quite a disappointing and frustrating situation where you have to pay an overdraft fee annually. Any good digital bank should eliminate this constant trouble for its customers. 
  • Services and Features: The whole purpose of digital banking is to provide its customers with outstanding features so they won’t have to go through the daily grind of visiting banks physically. Hence, an excellent digital bank should make the transactions, funds transfer, and paying bills a piece of cake for all. 
  • Cashback: One of the innovative features online banking platforms are introducing inch by inch is the cashback. It keeps customers intact and attracts more and more by providing them cash rewards depending on how frequently they use their credit/debit cards.

Before You Go! 

We hope that you are now well aware of several online banks like Chime to select a perfect alternative for yourself. Chime is nonetheless the most effective digital banking platform, but it does have some drawbacks that might not fit the best interest of many customers. 

All the above-listed alternatives are competitors of Chime and are known to offer premium online banking services and financial products. So do not wait up any further and get yourself connected to one of these alternatives to enjoy a practical and sustainable financial saving. 

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