Newest Chime Promotions, Bonuses, Offers and Coupons: January 2022

Chime bank promotion

Chime is a financial technology company that serves as an alternative to traditional banks. It only operates online and offers a simple checking account with no fees and a single savings account. Chime is probably best known for its fast direct deposits, so it might be a good fit if that’s how you get paid. You’ll get your direct-deposited paycheck up to two days earlier than with other banking options.

If Chime’s free banking perks are not enough, it also lets you earn extra cash for recommending friends. In these challenging economic times, free money is especially nice. And if you can help a friend by turning them on to a banking product you love, that’s even better.

Chime’s referral bonus offer makes it easy for you to introduce friends and family to its banking services and score up to $1,000 in free cash. Plus, if you are a user of online rewards sites, you can earn bonus points for joining Chime. Read on for all the details.

Chime Friend Referrals: $100 Bonus

A Better Way to Bank

This Chime promotion is beneficial to you and your friends because you both get $100 if you refer someone who ends up opening a new account. The amount changes frequently so if you’re a Chime user, be sure to check your settings to see what’s on offer. You can earn up to $1,000 in referral bonuses per calendar year for as long as the offer is available.

To take advantage of the Chime offer, you’ll need to have a Chime bank account. Once you’re set up, follow these steps to begin the referral process:

  1. Log in to your online account or open the mobile app.
  2. Select “Settings” in the upper left corner of the window.
  3. Click or tap on “Invite Friends.”
  4. Create a message or greeting.
  5. Choose friends from your contacts.
  6. Tap or click on “Send.”

You can also share your customized invitation through social media or on your blog by copying the referral link. On the same Invite Friends page, navigate to the top-right corner and tap on “Share.” Copy the link and paste it to share. If your friend opens an account and receives a direct deposit of $200 or more within 45 days of opening the account, you’ll each get $100. Here are a few more details on the promo:

A Better Way to Bank
  • Cash value: $100
  • Minimum deposit to qualify: $200
  • Expiration date: None
  • How to get it: Refer a friend using the customized link mentioned above. If your friend opens an account and receives one direct deposit of at least $200 within 45 days, you’ll each receive a $100 bonus. No Chime coupon codes are necessary.
  • When you’ll get it: After your friend receives the first direct deposit of $200
  • Terms and conditions: Your friend must use the referral link that identifies you as the referrer in order for both of you to receive the Chime bonuses.
  • Monthly fees: None
  • Promotion page: Chime referral bonus offer

Chime and MyPoints Offer: 44,000 Points ($290 Value)

MyPoints lets you earn points on all your shopping at thousands of top retailers like Target and Walmart. Users of the site can also claim a bonus of 44,000 points when they sign up for Chime, download the app and receive a direct deposit of a paycheck within 30 days of sign-up.

  • Cash value: $290
  • Minimum deposit to qualify: $200
  • Expiration date: Jan 31.
  • How to get it: Log in to MyPoints and sign up for Chime through the offer page using the email address associated with your MyPoints account. Then, download the Chime app, set up direct deposit and receive a direct deposit of a paycheck of at least $200 from an employer, payroll or benefits provider within 30 days of signup.
  • When you’ll get it: Up to 60 days after receiving the qualifying direct deposit
  • Terms and conditions: You must be a new Chime member, and the qualifying direct deposit must be made by your employer, payroll provider or benefits payer by ACH deposit. Bank ACH transfers, peer-to-peer payments, mobile check deposits and cash deposits are some examples of transactions that would not qualify for the bonus, and the offer cannot be combined with any other enrollment bonuses, including referral bonuses. See the promotion page for details.
  • Monthly fees: None
  • Promotion page: MyPoints Chime sign-up offer

Opening a Chime Account

Chime makes opening an account simple. Besides needing an internet connection, mobile phone or computer, you’ll need to be at least 18 years old and a U.S. resident. You can apply through the website or by downloading the mobile banking app for iPhone or Android. Chime claims the process only takes a couple of minutes. Here’s what you need to do:

Step by Step

  1. Fill out your information on the enrollment page.
  2. Enter your name.
  3. Enter your Social Security number.
  4. Add an email address.
  5. You’ll be asked if you’d like to open a linked savings account now or later.
  6. Create a password to log in to your Chime account.
  7. Wait for Chime to verify your information.
  8. Once approved, set up your paycheck as a direct deposit by giving your employer your Chime account number and routing number.
  9. Wait to receive a Chime debit Visa card to make purchases and ATM withdrawals.

Is Chime Right for You?

If you do most of your banking online, Chime makes a lot of sense. For one thing, you’ll save money on bank fees.

You’ll also be able to deposit checks, pay most of your bills and transfer money between accounts through the mobile banking app. The referral bonus adds even more incentive because you can get paid for inviting friends to Chime.

If you need to write checks or regularly make cash deposits, however, Chime probably wouldn’t be the right bank for you. The bank doesn’t offer paper checks. And while you can deposit cash through a Green Dot location, it will cost you a fee.

Check back each month for updates and new promotions as they are available. If the bonus offers above don’t seem like a good fit for you, there are also several other banks that are currently offering promotions.

Julia Gordon contributed to the reporting for this article.

Information on promotions is accurate as of Jan. 5, 2022. Additional requirements may apply. Offers and terms are subject to change.

Editorial note: This content is not provided by Chime. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chime.

This article has been updated with additional reporting since its original publication.

About the Author

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.