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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

And CNBC notes that, conversely, the KBW Bank Index is down by roughly a third. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card. Accounts are FDIC-insured through a partnership with Bancorp Bank.

article thumbnail

Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

And CNBC notes that, conversely, the KBW Bank Index is down by roughly a third. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card. Accounts are FDIC-insured through a partnership with Bancorp Bank.