Consumers Profit As Chime Along With Other Fintechs Jockey In Order To Make Overdraft Costs Obsolete

Consumers Profit As Chime Along With Other Fintechs Jockey In Order To Make Overdraft Costs Obsolete

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

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