SoFi vs Chime
short answerBoth are traditional neobanks. SoFi holds its own banking license and supports stablecoins; Chime is the larger platform (~22M users). Compare custody, license, FX markup and fees field by field below.
SoFi: Bank charter; launched SoFiUSD stablecoin Dec 2025.
Chime: Largest US neobank; 20M+ members; SpotMe overdraft.
Side by side
| SoFi | Chime | |
|---|---|---|
| Category | traditional | traditional |
| Audience | general | general |
| HQ | San Francisco, US | San Francisco, US |
| Founded | 2011 | 2013 |
| Custody | Custodial | Custodial |
| Regulation | Licensed bank | Partner-bank model |
| License detail | National bank charter (2022) | Partner banks (The Bancorp, Stride) |
| Card | Visa/MC · Debit | Visa · Debit |
| Cashback | — | — |
| Yield | Up to ~4.5% APY (tiers) | ~2% APY savings |
| FX markup | 0.2% conversion fee on debit foreign purchases/ATM (Mastercard); credit cards 0% (2026-07) | — |
| Services | — | — |
| Stablecoins | Yes | No |
| KYC | Yes | Yes |
| Regions | North America | North America |
| Reported users | — | 22M members (2024) |
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.