Understanding Chime
Chime is a financial technology company that offers a range of services, including a free checking account, a savings account, and a Visa debit card. One of the most appealing aspects of Chime is its lack of monthly fees, making it an attractive option for those looking to manage their finances without incurring additional costs.
Chime’s Cash Back Program
One way to make free money on Chime is through its cash back program. When you use your Chime Visa debit card for purchases, you can earn cash back on certain categories. Here’s how it works:
| Category | Cash Back Rate |
|---|---|
| Gas Stations | 5% |
| Supermarkets | 5% |
| Online Shopping | 3% |
| Restaurants | 1% |
Keep in mind that the cash back is automatically deposited into your Chime savings account, and there’s no limit to the amount you can earn.
Chime’s Referral Program
Another way to make free money on Chime is through its referral program. When you refer a friend to Chime, both you and your friend will receive a $50 bonus. Here’s how to take advantage of this offer:
- Log in to your Chime account.
- Go to the “Referrals” section.
- Enter your friend’s email address.
- Your friend will receive an email with a referral link.
- Your friend must open a Chime account using the referral link and complete the required actions to receive the bonus.
- Once your friend completes the process, both you and your friend will receive the $50 bonus.
Chime’s High-Yield Savings Account
Chime offers a high-yield savings account that can help you grow your money over time. While it’s not a guaranteed way to make free money, it’s a smart way to ensure that your savings are working for you. Here’s how it works:
- Open a Chime savings account.
- Transfer funds from your checking account to your savings account.
- Chime will automatically invest your funds in a high-yield savings account.
- Your funds will earn interest over time.
Keep in mind that the interest rate may vary, so it’s important to check the current rate before opening an account.
Chime’s Direct Deposit Bonus
Chime offers a direct deposit bonus to new customers. If you set up direct deposit with your employer or another financial institution, you can receive a bonus of up to $200. Here’s how to take advantage of this offer:
- Open a Chime checking account.
- Set up direct deposit with your employer or another financial institution.
- Chime will deposit the bonus into your account within 30 days of your first direct deposit.
Chime’s Free ATM Access
While not a direct way to make free money, Chime offers free ATM access at over 60,000 ATMs nationwide. This can save you money on ATM fees, especially if you frequently use ATMs that charge a fee.
- Find a Chime ATM near you.
- Use your Chime Visa debit card to withdraw cash.
- Avoid paying ATM fees.
Chime’s Free Checking Account
Lastly, Chime’s free checking account itself is a way to make free money. By avoiding monthly fees and other banking costs, you can keep more of your hard-earned money in your pocket.
- Open a Chime checking account.
- Avoid monthly fees and other banking costs.
- Keep more of your money.
