Introducing Chime Workplace for public-sector employees
Our interchange-fueled business model enables us to provide fee-free1 products that support the financial wellness of public-sector employees and strengthen employees’ stability so that they’re more engaged, fulfilled, and productive. Everything we offer is now available across the public sector, including federal, state, and local government agencies, as well as public education institutions.
#1 Most Loved Banking App2
Chime is ranked the #1 Best Banking Brand in America by TIME World’s Best3
A+ rating from the Better Business Bureau
Chime Workplace is built for compliance, free to use, and easy for government agencies to integrate.
Chime Workplace™ is an all-in-one financial wellness platform that helps employees move from financial stress to financial stability and long-term progress. Anchored in compliance and no-fee earned wage access, and integrated with savings, credit-building, and financial wellness tools, Chime Workplace delivers measurable outcomes for both employees and employers.
Boost engagement
Workers with emergency savings are productive 4 more hours at work, per week.4
Encourage long-term savings
Employees without emergency savings are less likely to prioritize retirement saving. Additionally, emergency savings can help with securing lower loan rates.5
Raise retention rates
91% of workers would stay longer if offered more financial wellness.6
How interchange fees enable fee-free7, innovative products
Traditional banks charge fees to offset the cost to serve their customers, which puts their incentives out of alignment with customers’ best interests.
Unlike them, we generate most of our revenue through interchange fees, which are small fees charged to merchants, not consumers, and generated every time a member swipes their Chime Card. This means our interests are aligned with our members’ interests—and we can provide best-in-class, fee-free banking products that help Americans make real progress toward their goals.
Of members who use MyPay, our earned wage access product:
89%
say it has improved their ability to handle unexpected expenses8
91%
say it has helped them avoid borrowing from family or friends8
90%
say it has helped them avoid late or missed bill payments8
Because of our interchange-powered business model, Chime Workplace is free for employers and employees alike.
By using Chime Workplace, government agencies can provide meaningful new benefits without impacting your budget.
Our fee-free1, best-in-class products make it simple and seamless for employees to access low-cost liquidity when they need it, get higher savings rates, and build credit safely. Additionally, all of our products offer built-in financial education, so the more employees engage with them, the more savvy they become about their own finances.
Benefits for the public sector
Early access to pay that’s completely free
Our market-leading earned wage access (EWA) product enables employees to access their pay at any point in the pay cycle for free. Funds are delivered directly to an employee-owned Chime account. They also get SpotMe for up to $200 in fee-free overdraft coverage9 and up to 2 days early direct deposit.10
High-yield savings accounts with no minimum balance
Free credit building through everyday purchases
Real-time insights into employees’ wellness
Hear from real customers:
Katya C.
“Chime Workplace has been an outstanding addition to our benefits portfolio. Employees value the flexibility and transparency.”
—Katya C., Senior Director, People Team
Dr. Robert R.
“Chime’s comprehensive, fee-free approach stood out as the right solution for us, meeting the everyday financial needs of our workforce today and over the long term.”
—Dr. Robert R., Vice President, Human Resources
Dr. Veronica C.
“[Chime] offers our employees a trusted, integrated suite of financial tools that helps them achieve lasting progress.”
—Dr. Veronica C., Chief Human Resources Officer
Nerissa N.
“The transition from our previous earned wage access solution to Chime Workplace’s comprehensive financial wellness suite was seamless, allowing us to enhance our benefits without disrupting operations.”
—Nerissa N., Vice President, Human Resources
