Chime Expands Partnership with Workday, Bringing Easier Access to Banking and Financial Wellness Benefits to Millions of Employees
Employees can choose Chime without manually entering account details within Workday’s Enhanced Direct Deposit experience
Through Workday's Enhanced Direct Deposit (EDD) experience, employees of Workday customers can select Chime for direct deposit, without manually entering account details. The experience is free for employers1 and requires no additional setup. Employees who select Chime for direct deposit will gain access to Chime’s suite of financial tools, including fee-free banking2, high-yield savings earning 4% APY with qualifying deposits3, early pay, and credit-building tools.
"A paycheck is the starting point for financial progress,” said
The EDD integration complements Chime’s role as the Strategic Financial Wellness Partner for Workday Wellness. Through that partnership, employers can offer Chime Workplace® and its financial wellness tools, at no cost to employers or employees. The expanded partnership gives employees more ways to access Chime through Workday, from choosing where their paycheck goes during onboarding to exploring benefits that help them save, build credit and manage everyday expenses.
"With Workday's Enhanced Direct Deposit experience, we want to give employees real options for how they manage their pay," said
The expansion builds on Chime Workplace’s growing presence across transportation, retail, healthcare, security and professional services, including employers such as First Student, the nation’s largest student transportation provider; and
To learn more about Chime’s employer and employee offerings, visit enterprise.chime.com.
About Chime:
Chime (Nasdaq: CHYM) is a financial technology company founded on the premise that core banking services should be helpful, easy, and free. We offer a broad range of low-cost banking and payments products that address the most critical financial needs of everyday people. Our member-aligned business model has helped millions of people to unlock financial progress™. Member deposits are FDIC-insured through The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC, up to applicable limits*.
*Chime is not FDIC-insured. The Bancorp Bank, N.A. and Stride Bank, N.A. are the FDIC-insured members. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. FDIC deposit insurance limit is $250,000 per depositor, per insured bank, per ownership category.
Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
Third-party trademarks referenced for informational purposes only; no endorsements implied.
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Certain optional fees apply to services. See Chime.com/policies for more information. |
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Optional services and products may have fees or charges, such as outbound instant transfers, out-of-network transactions, and credit products. Learn more at chime.com/feesinfo. |
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The Annual Percentage Yields ("APYs") for the Chime Savings Account are variable and may change at any time. The disclosed APY rates are effective as of 07/13/2026. No minimum balance required. Must have |
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Source: Chime