Chime Leads US Checking Account Openings for 2nd Consecutive Quarter

A striking trajectory. If we’ve had a conversation recently about trends in banking and what to do next, this should not be a surprise.

2025 was huge for Chime on many fronts: -- Grew revenue 31% YoY to $2.2 billion for FY25 -- Added 1.5 million new active members → 9.5 million total -- Chime was the most popular place to open a new checking account, according to JD Power* Incredibly proud of the progress and even more energized about what’s ahead. More below from our co-founder and CEO, Chris Britt ⬇️ *Account opening data based on a J.D. Power survey conducted between August and September 2025. Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

Is "Soft Switching" the biggest threat to traditional banking? 🏦📉 The latest J.D. Power data is in, and the "quiet move" is real. Customers aren't closing their old accounts—they’re just opening new ones with FinTechs and slowly moving their primary relationship there. The Key Takeaway: FinTechs like Chime and SoFi are seeing conversion rates nearly DOUBLE those of the traditional banks. According to J.D. Power, nearly HALF of all new checking and savings accounts opened last quarter were "additional" accounts. We aren't just switching banks anymore; we're "diversifying" our wallets. ✅ Chime is winning on ease of use (85% savings conversion rate!). Whether it’s for a better high-yield rate or a smoother app experience, the consumer is in the driver’s seat. #Fintech #BankingTrends #Banking #DigitalBanking #Chime #SoFi

Stay ahead of the curve and explore the trends that shaped the payments landscape in 2025. Check out Fiserv's expert analysis on instant payments adoption.

The moment a card is approved is your biggest opportunity, and most issuers are still wasting it. Today’s cardholders don’t want to wait days for a card to arrive. They expect to start spending immediately, straight from their mobile wallet.   That’s where push provisioning changes the game: Immediate wallet availability 📱 Increased activation rates Reduced fraud risk through secure tokenization A dramatically improved cardholder experience At Coastal Card Solutions, we’re seeing more banks, credit unions and fintechs prioritize this as part of their instant issue strategy, and for good reason. It’s faster, safer, and aligns perfectly with how people actually use payments today. A recently hosted webinar was recorded breaking down: How push provisioning works behind the scenes What issuers need to get started Common pitfalls to avoid Real-world use cases and results If you’re exploring ways to modernize your card program, this is worth a look. Comment “webinar” below or message us, happy to share the recording.

Death by OTP — A Lesson in Positioning Tried making a simple online payment. OTP arrived late. I requested another. Soon multiple OTPs arrived together. I tried a few. The system interpreted this as repeated failure and blocked the transaction and my card. The message said: “Try again after 2 hours.” I waited almost 50 hours. When I called the bank, I was told: “Your card isn’t blocked.” What struck me wasn’t the technology failure. Behind a payment sits a long chain - merchant, gateway, card network, bank systems, OTP servers, telecom networks. Complexity is expected. What struck me was the gap between the bank’s positioning and the customer’s experience. Banks occupy a unique position in the customer’s mind - the most reliable and trustworthy institution in the chain. When something as small as this leaves the customer and even the support team in the dark, that positioning quietly weakens. Because positioning isn’t just branding. Positioning shapes culture, priorities, and system design. In the end, positioning becomes the true orchestration layer - aligning technology, communication, and customer experience. And when that alignment breaks, trust erodes long before the technology is fixed. #DigitalTrust #Banking #CustomerExperience #DigitalPayments #Fintech #SystemDesign #BrandPositioning

Most people compare checking accounts by features. That’s backwards in the moment that actually matters: when fraud freezes your account and you need a human escalation. In the NY/PA/MD/DC overlap, “can I walk into a branch?” is the real decision rule. As shown in the comparison image, M&T leans into branch-first banking (~900 branches, ~2,000 ATMs). If you expect to need walk-in help for a fraud claim, deposit hold, or an account lock that won’t resolve in-app, that physical footprint is the product. PNC Virtual Wallet is better for app-first operators: Spend/Reserve/Growth plus built-in tracking. If you rarely need branch-level intervention and you’re comfortable handling issues digitally, the structure is genuinely useful. One more unpopular point: if your goal is savings yield, don’t force either choice—0.03% is about $6/year on $20,000. Checking is about operations and support, not APY. Full breakdown + recommendations in the comments 👇 #BankComparison #RetailBanking #DigitalBanking #PersonalFinance

Insights: Consumers aren't asking for instant payments anymore — they're expecting them. Four out of five demand faster payments across every industry. Financial institutions that can't deliver will be left behind. The clock is ticking. Are you ready? https://lnkd.in/eyixWE7v #Fintech #RealTimePayments

Not a fan of celebrity ads. But this one got me! 😆 Revolut’s technology VS that of traditional banks. Without ever showing or mentioning technology. Implied. Metaphorically. Love it! 🚀 Revolut Revolut Business