Chime vs Discover Bank

Chime is a banking app that offers an online account with early paycheck access and credit builder features. How does it compare to Discover Bank? Read our comparison chart below.

	Chime	Discover Bank
		Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER Get Started - Learn More Read Chime Review	SPECIAL OFFER Discover® Online Savings - $200 Cash Bonus - Learn More Read Discover Bank Review
	Benefits and Features
Savings	2.00% Annual Percentage Yield (APY).	3.70% APY
CD		2.00% to 4.10% APY depending on terms
Checking	No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees	Cashback Debit Account: 1% cash back on up to $3,000 in debit card purchases each month. See website for details
Monthly Fee	$0
Money Market		3.60% APY under $100,000; 3.65% APY $100,000 or more.
Minimum Deposit to Open	$0
Mobile App	iOS & Android
ATMs	Over 50,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs	Over 60,000 no-fee ATMs
Customer Service	24/7	24/7
IRA CD		9-month CD APY of 3.80%. 12-month CD APY of 4.00%. 18-month CD APY of 4.00%. 24-month CD APY of 4.10%. 5-year CD APY of 3.50%.
Locations	Online only	Online Only
	CreditDonkey® Reviews

Savings
Checking
Mobile App
Customer Service
Money Market
Pros & Cons	Pros: No account fees Get paycheck 2 days early Up to $200 overdraft coverage Cons: Hard to deposit cash	Pros: High yield No fees 24/7 customer service Cons: No interest checking
Bottom Line	Banking app that offers an online account with early paycheck access and credit builder features... Read full review	Solid online bank with high APY rates and good customer service... Read full review
	Learn More	Visit Site
	Get Started Refer a Friend and Get $100 Chime Second Chance Banking	Discover® Online Savings - $200 Cash Bonus Discover® Online Savings - $150 Cash Bonus Online Savings Account - Earn 3.70% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Chime: Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC. Discover Bank: Pricing information and data points from published website as of 02/15/2025.

Member FDIC

Discover® Online Savings - $200 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. See advertiser website for full details.

Get Deal

Expires 9/11/2025

Member FDIC

Discover® Online Savings - $150 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

Get Deal

Expires 9/11/2025

Member FDIC

Online Savings Account - Earn 3.70% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Which is Better: Chime or Discover Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Chime or Chase.

In short: Chime's checking is excellent. Discover Bank's customer service is outstanding.

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Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

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