(picture by Kimberly White/Getty pictures for TechCrunch)Ī bunch of electronic banking startups provide similar features, drawing in clients whom will dsicover by by by themselves accumulating overdraft charges with conventional bank reports. However in this instance, market frontrunner Chime, that provides checking records, very early direct deposit, a debit card and cost management tools, is playing catch-up.Ĭhris Britt, Chime’s CEO and cofounder. San Francisco-based Chime, the nation’s many valuable electronic quasi-bank ( by having a $14.5 billion valuation), announced Wednesday so it would increase the very best quantity that users can overdraw their records by to $200. Customers Profit As Chime Along With Other Fintechs Jockey To Help Make Overdraft Costs Obsolete So it is not surprising that customer fintechs are now one-upping one another to produce the overdraft that is best coverage-for free.