Is Chime a real bank for immigration purposes?
I need to be able to provide immigration officers with 3 months of bank statements and I don't know if they expect it to be a traditional bank like Wells Fargo or if it can be Chime.
Chime offers online banking accounts that are FDIC insured through its partner banks, but Chime doesn't seem to be a bank itself.
Best Answer
The small print of Chime says:
Banking services provided by The Bancorp Bank or Stride Bank, N.A.
I take this to mean that Chime is essentially a marketing front for those two banks, and that the actual accounts are managed by one of the two partners. If this is the case then your accounts will be treated the same as a Bancorp or Stride bank account. I use a Canadian bank with a similar relationship to one of the big banks, and everything about my banking has always been treated the same as the major bank it is partnered with.
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Is Chime an international bank?
Can I use my Chime card abroad? Yes, you can use your Chime card anywhere Visa is accepted, for payments and for withdrawing money from ATMs. However, you have to turn on International Transactions in your settings within the app.Is Chime considered Visa?
Chime gives you: A Chime Visa\xae Debit Card. An FDIC-insured deposit account that can be managed entirely from your smartphone. An optional Savings Account that helps you save money without thinking about it.Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
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