Chime is an online-only bank that offers services on the go with no fees and the intention to make a change in the fintech and banking industry. Chime is an American technology neobank company which provides fee-free financial services Chime bank accounts are insured up to the standard maximum deposit insurance amount of $, through its partners, The Bancorp "Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal". Get today's Chime Communications stock price and latest CHW news as well as Chime real-time stock quotes, technical analysis, full financials and more.
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Chime CEO Chris Britt banks on no fees
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Legacy brokers, such as Fidelity and Charles Schwab, have minimum eligibility requirements and penalties for flipping shares selling shortly after the IPO. At this stage, there have been zero indications that Chime would offer a directed share program. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. Chime, the biggest of a new breed of start-up known as challenger banks, has more than tripled its transaction volume and revenue this year, according to CEO Chris Britt. However, Chime fits the mold of high-growth, disruptive business models that the Fool typically recommends. Investors more likely to flip shares are considered to be less desirable IPO beneficiaries in theory.