Chime: who holds your money

Chime's disclosure, read on September 5, 2026, describes FDIC pass-through coverage, deposit insurance through partner banks. Coverage depends on customer identification and recordkeeping. It protects eligible deposits when a partner bank closes, not the app company itself. An app closure does not trigger that protection. The visible disclosure and notes provide the programme’s specific conditions.

Current commentary

Chime is not a chartered bank, and customer money sits at 2 partner banks. Those banks are The Bancorp Bank, National Association, grade B, and Stride Bank, National Association, grade B on this site. Deposit insurance passes through the partner bank to each customer, provided Chime’s records identify each customer. The stated limit, from Chime’s disclosure read September 5, 2026, is $250,000 per depositor, per insured bank, for each account ownership category.