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Chime's mobile first approach to banking

Techstination feature for Tuesday, October 25, 2016

A mobile first approach to banking.   I’m Fred Fishkin with BootCamp, your Techstination for gadgets and gear.    Chime is the name of a new banking service designed for a generation that is more than comfortable with taking care of their banking needs on mobile devices.   Co-founder and CEO Chris Britt…

“Managing your money is hard and we endeavor to make it easier for you.  And we do that by providing consumers with an FDIC insured deposit account, a savings account and a Visa debit card all wrapped into a mobile first experience.”

Chime eliminates monthly fees and minimum balances and encourages savings by rounding up amounts on debit card purchases….putting that into savings and paying a ten percent bonus on those round up amounts every week…

“It’s an easy way for people to start to get in this rhythm of saving money without having to think about it.   We get a lot of great feedback on that.”

There’s more info at ChimeBank.com.   You can find us at BootCamp.com.   I’m Fred Fishkin. 

Categories: Online