This service is available at more than 8,500 Walgreens at no fee. The company noted that 78% of Americans live near a Walgreens location.
“We know having access to a physical location for cash deposits is important to our members, and until recently, the options have been limited,” said Chime Co-founder and CEO Chris Britt. Chime’s valuation swelled to about $25 billion in August following a $750 million fundraising round, setting the table for a possible IPO. Often referred to as a “neo-bank” or “non-bank,” Chime routinely tops PYMNTS’ list of best banking apps.