So it is not surprising that customer fintechs are now one-upping one another to give you the overdraft that is best coverage—for free.
San Francisco-based Chime, the nation’s many valuable digital quasi-bank ( having a $14.5 billion valuation), announced Wednesday so it would increase the most notable quantity that users can overdraw their records by to $200. However in this situation, market frontrunner Chime, that offers checking accounts, very early direct deposit, a debit card and cost management tools, is playing catch-up.
Chris Britt, Chime’s CEO and cofounder. (picture by Kimberly White/Getty pictures for TechCrunch)
Getty Pictures for TechCrunch