ChimpChange offers an award-winning mobile banking experience designed to simplify finances, enable smart savings, and provide global accessibility without hidden fees. Recognized as the 2017 Pay Awards winner for Best Mobile App, Start-up of the Year, and Consumer Champion, ChimpChange stands out as an innovative mobile banking service exclusive to the US.
Establishing an account with ChimpChange is a hassle-free process, requiring just minutes and no branch visit. Full electronic KYC (Know Your Customer) checks, as mandated by the US Patriot Act, ensure a seamless experience. Once verified, customers receive a bank account in their name with an Account Number, Routing Number, a debit MasterCard, and FDIC-insured funds.
Users can conveniently manage their finances by direct depositing their paycheck, linking other bank accounts such as Chase or Citi, depositing checks, or loading cash at various locations. The platform provides valuable FinTech tools, including predictive spending technology and a graphical transaction history. Additionally, ChimpChange offers a round-up savings account feature, facilitating effortless savings by rounding up the spare change from each purchase.
ChimpChange MasterCards are globally accepted, and customers can withdraw money for free from any MoneyPass ATM in the US. With an award-winning mobile app, minimal fee structure, and financial education resources via the ChimpChange blog, this service stands out as an excellent alternative to traditional bank accounts.
Founded in 2012, ChimpChange received a $7.50M post-IPO equity investment on May 17, 2017.