Last Updated on 64 Comments This post may contain affiliate links.Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chime is a free online bank that offers a $100 referral bonus if you open a new Chime account using a referral link. To earn the $100 referral bonus, you need to do the following:
- Open a new Chime bank account using a referral link (here’s my Chime referral link).
- Make a direct deposit of $200 or more within 45 days of opening your account.
- The $100 bonus posts to your Chime account within 2 business days of meeting the requirements, but typically posts instantly once the requirements are met.
When it comes to bank account bonuses, Chime is one of the easier banks out there to earn the bonus with and is one of the first banks I recommend for anyone new to earning bank account bonuses. Here’s why:
- No Fees. Chime has no minimum balance requirement and no monthly fees or maintenance fees of any kind. Since it has no fees, this makes it a very easy bank account to manage.
- Bonus Terms Are Easy To Meet. The terms you have to meet to earn the Chime referral bonus are easy to meet, making this one of the easier bank account bonuses out there. The account requires a $200 direct deposit to earn the bonus, which at first glance might seem difficult, but in fact, almost any ACH transfer from an external bank account into your Chime account will trigger the direct deposit requirement.
- Bonus Posts Instantly (Or At Most, Within 2 Business Days). Some banks have a long waiting period before your bonus posts. Chime’s terms say your bonus will post within 2 business days of meeting the direct deposit requirement, but in my experience, the bonus almost always posts instantly.
- You Can Refer People With Your Referral Link. A big thing about Chime is that once you open a Chime account, you get your own Chime referral link. You’ll earn $100 for every person you refer to Chime and the person you refer will also earn $100 once they open a Chime account with your link and meet the bonus requirements. This makes personal loans in Cleveland WI with bad credit Chime a very profitable bank account if you have people you can refer.
In this post, I’ll walk you through exactly what you need to do to earn the $100 Chime referral bonus, as well as provide some additional strategies to make your bonus go even further.
What Is Chime Bank?
Chime is an online bank account that you can access through the Chime app or via the Chime website. The most important thing about Chime is that it has no fees of any sort. This includes no minimum balance requirement, no monthly fees, no maintenance fees, and even no overdraft fees.
Chime is a fintech company, which means that it has a really good mobile app. Indeed, among bank mobile apps, I’d consider Chime one of the nicest and most intuitive banking apps out there.
Another interesting feature of Chime is how fast it posts transactions. Direct deposits and transfers into the account post 2 days early, which is nice since it means you get access to your money sooner.
Chime Bank $100 Referral Bonus Step By Step Guide
I currently use Chime as a sort of business bank account for myself. I’ve made it so that all of my gig economy earnings go directly into my Chime account. This means I get my pay earlier than I otherwise would, and it helps me to organize my business earnings and expenses.
