Is chime bank a prepaid card?

+1 vote
asked Nov 12, 2018 in Other-Finance by Jussiranti (230 points)
Is chime bank a prepaid card?

1 Answer

0 votes
answered Nov 12, 2018 by Grahlu (51,270 points)
Chime bank card is similar to a prepaid card since you have to add the money to the card into the account before you can use the card to spend.

However the chime bank is different than an actual prepaid card such as a Walmart prepaid card where you go to the store and hand the cashier the money to add to the card.

With the Chime Bank Debit Card you have money transferred from one bank account to another or have your paycheck direct deposited to the card so then you'll be able to use it online or in stores like a regular debit card from a standard bank.

Chime Bank is just an online bank checking account with no physical banks to walk into and everything is done online instead.

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