Chime Launches Financial Wellness Suite

Chime Financial Inc. launched Chime Workplace, a suite of financial wellness services aimed at helping employees manage their pay, grow savings and expand their credit.

The platform combines Chime’s financial tools with workforce financial health insights. The platform also allows employees to build emergency savings through a high-yield savings account, as well as build credit history through everyday purchases.

Chime Workplace includes capital management benefits for employers, such as allowing employees to get paid up to two days early, fee-free overdraft coverage with SpotMe, and on-demand pay access with MyPay, which launched to eligible consumers in 2024, allowing them to access their pay before payday.

The launch also follows Chime’s acquisition of Salt Labs Inc., an employee rewards platform, last year.

In addition, Chime Workplace’s employee rewards and loyalty program recognizes employees’ work milestones and achievements, with the goal of enhancing engagement while supporting workers’ financial goals.

Through the platform, employers are able to gain aggregated insights into the financial health of their employee base—such as savings growth, credit health improvement and overall engagement—through a centralized data portal.

“Employers have told us their biggest frustration with existing financial wellness programs is that they don’t make an impact or empower employees to get to the next step in their journey,” said Jason Lee, Chime’s chief of enterprise who founded Salt Labs, in a statement. “Multiple vendors, logins, and endless apps only compound this problem and, ultimately, hinder effectiveness. Chime Workplace works with employers to solve these challenges by delivering one trusted app that meets employees where they are and gets them to where they want to be.”

According to Chime, there are no fees for employers to market the financial wellness suite, and employees may open a Chime account at no cost to the employee.