Chime first came out as a prepaid/reloadable card but it has been since transformed into a full service FDIC insured bank account that offers both a Spending Account and a Savings Account. Read more about that switch here. They also offer deals similar to Amex Offers, but there’s none available right now.
$50 Signup Bonus
Now they are offering their best signup bonus ever. It’s not much, only $50, but better than the $25 bonus they had in the past.
To qualify for and receive the $50 reward, the following conditions must be met:
- Must open a new Chime Spending Account using the referring Chime member’s unique referral link after June 1, 2018
- Receive a payroll direct deposit of $200.00 or more within 45 days from when the Chime Spending Account was opened
The payroll direct deposit of the referred friend must be made by their employer or payroll provider by an ACH deposit. Bank ACH transfer, Pay Friends transfers, verification or trial deposits from financial institutions, transfers from PayPal or Venmo, and cash loads do not qualify as a payroll direct deposit.
Reward is paid within two business days after qualifying funds are first deposited into the Spending Account.
You can also earn referral bonuses of $50 for each member you refer that completes the qualifying requirements above. Eligible referring Chime members can earn no more than $500.00 in referral rewards per calendar year (January 1, 2018 – December 31, 2018).