How does chime make money?

Chime makes money through interchange fees. These are fees that merchants pay to financial institutions whenever a credit or debit card user uses their card. In each transaction, Chime takes a percentage of the 1.5% interchange fee that the merchant pays to a credit card company, such as Visa.

Chime is a neobank, or internet-only bank, company in the United States that provides fee-free financial services through its mobile banking app. Thus providing personal finance services free of charge while making the majority of its money with interchange fees.