Neobank comparison
Compare Chime and Varo Bank side by side: fees, regulation, platforms.
Best for fee-free US banking
Chime strips fees out of everyday US banking and adds an early-payday and fee-free-overdraft safety net. It i…
Best US high-yield neobank
Varo is the rare US neobank that holds its own national bank charter, so deposits are directly FDIC insured w…
| Feature | Chime | Varo Bank |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 0% |
| Savings APY | 2% | 5% |
| Currencies | 1 | 1 |
| Card network | Visa | Visa |
| Deposit protection | FDIC up to 250,000 USD via The Bancorp Bank and Stride Bank | FDIC up to 250,000 USD (Varo Bank, N.A.) |
| Regulators | - | - |
| Best for | Best for fee-free US banking | Best US high-yield neobank |
| Markets & account | ||
Chime
Chime strips fees out of everyday US banking and adds an early-payday and fee-free-overdraft safety net. It is built for domestic spenders, not travellers.
Confirm current fees and rates on the provider's site. T&Cs apply.
Varo Bank
Varo is the rare US neobank that holds its own national bank charter, so deposits are directly FDIC insured while the savings rate stays at the top of the table.
Confirm current fees and rates on the provider's site. T&Cs apply.
Line up any two accounts side by side, or browse the full list to find your next platform.