What is a Chime prepaid card and how does it work?

A Chime prepaid card works like a traditional debit card but is tied to the Chime financial platform, which offers an online-only banking experience without physical branches. Customers can deposit funds onto their Chime prepaid card, which they can then use for everyday purchases anywhere Visa is accepted. The card works by deducting purchases and ATM withdrawals directly from the customer's Chime spending account balance. It facilitates easy tracking of transactions through the Chime mobile app, where users can also access features such as direct deposit, automatic savings, and instant transaction notifications designed to provide a convenient and user-friendly banking experience. Additionally, Chime often promotes fewer fees compared to traditional banks, with no overdraft charges or monthly maintenance fees.