Digital bank app CEO Chris Britt on niche Chime serves, how they make money, why Americans don’t trust banks
May 12, 2023
Big banks do a pretty good job with high income, high FICO score folks who have big deposits and are credit worthy, but for most Americans, the 65% that live paycheck to paycheck, the only way that big banks can make the math work on serving them is by being very punitive on fees.