Based in San Francisco , California , Chime is a bank with no hidden fees and free overdrafts to give customers financial peace of mind . Launched publicly in an episode of the American TV show Dr . Phil , the company seeks to offer Americans an enticing alternative to traditional banking . It currently offers three types of account : spending , credit builder and savings , as well as innovative features such as ‘ Get Paid Early ’, mobile banking and ‘ Automatic Savings ’. So far , Chime ’ s digital-only platform has proved to be popular : it currently has over 8m members in the US and was valued at $ 5.8bn following a Series E funding round in late 2019 . 2013 YEAR FOUNDED