ENID, Okla.—Stride Bank has extended its private-label banking services agreements with one of the more successful fintechs to emerge in recent years, Chime Financial.
Under the terms of the agreements, Stride will continue to hold Chime member deposit accounts, including its checking and savings accounts, and issue debit cards and secured credit cards, according to IBS Intelligence.
“The partnership enables Chime to offer its members innovative, easy-to-use, and fully regulated products with the same important consumer protections that are in place for traditional bank customers, including FDIC insurance,” IBS Intelligence said.
‘Should Not Have to Choose’
“Consumers should not have to choose between innovation and consumer protection. We are proud to partner with Chime as they continue to create easy-to-use banking products that are loved by millions of Americans,” Jimmy Stallings, president of payments for Stride Bank, was quoted by IBS Intelligence as saying.
The report added, :Chime was founded in 2013 on the premise that basic banking services should be helpful, easy, and free. The company says its model profits with members, not from them, and does not rely on overdraft fees, monthly service fees, and minimum balance requirements”
Still Free in ’23! The Freshest CU Headlines. Right to Your Inbox.
The biggest, best and freshest news reporting in credit unions remains free in ’23! Each morning CUToday.info delivers its daily update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.