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

PYMNTS

SEPTEMBER 18, 2020

Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 231
Los Angeles UX Cards FDIC 231
article thumbnail

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

PYMNTS

SEPTEMBER 18, 2020

Accounts are FDIC-insured through a partnership with Bancorp Bank. The partnership model is an increasingly popular setup for financial technology startups that don’t have their own bank charters. The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

Los Angeles 140
Los Angeles UX Cards FDIC 140
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