Is Chime a bank?+
Chime is not a bank. Chime is a financial technology company that provides banking services through The Bancorp Bank, N.A. and Stride Bank, N.A. Deposits are held at the partner banks and are FDIC insured through those institutions — not through Chime. This distinction is critical for vendor risk assessments and should be documented in your vendor risk register.
Is Chime OFAC sanctioned?+
ThirdProof's assessment screened Chime against the OFAC SDN list, sectoral sanctions programs, and the OpenSanctions consolidated database. Chime is not sanctioned — no confirmed matches were found. Chime's partner banks maintain their own independent sanctions compliance programs as federally regulated institutions.
Is Chime safe for payroll direct deposit?+
ThirdProof investigated Chime across 27 intelligence sources and assigned a Moderate Risk (Tier 3) rating with 90% confidence. Sanctions screening is clear and deposits are FDIC insured through Chime's partner banks. Organizations routing employee payroll through Chime should verify that Chime's data security controls meet your requirements for handling employee PII and banking information. Request Chime's SOC 2 report for technology controls verification.
Can I get an auto-filled security questionnaire for Chime?+
Yes. Every ThirdProof investigation of Chime produces two deliverables: an audit-ready risk report and a 133-question security questionnaire pre-filled with evidence from 27 independent sources. The questionnaire is mapped to SIG, SOC 2, HIPAA, PCI DSS and 9 other frameworks — answered without sending Chime a single email or waiting for a vendor response.
Is Chime safe to use as a vendor?+
Chime is a banking vendor that handles consumer financial and deposit data. Safety depends on their current security posture, certification status, and how they handle your specific data. ThirdProof automates this evaluation across 27 intelligence sources — sanctions databases (OFAC, EU, UN), business registration verification, adverse media scanning, and cyber risk assessment — producing a deterministic risk tier with confidence score plus an auto-filled security questionnaire. Run a free investigation to see Chime's full risk profile.
Does Chime have SOC 2 certification?+
No SOC 2 found. Chime rated . See all 0 findings →
Is Chime FedRAMP authorized?+
FedRAMP authorization is relevant for government contractors evaluating banking platforms. Based on ThirdProof's assessment, Chime is not currently listed on the FedRAMP Marketplace. Organizations with federal compliance requirements should verify this directly and consider alternative vendors with FedRAMP authorization where required.
Has Chime had any data breaches?+
Data breach history is an important signal for any vendor, particularly banking platforms like Chime that handle consumer financial and deposit data. ThirdProof's adverse media analysis searches multiple news APIs and public records for data breaches, security incidents, lawsuits, regulatory enforcement actions, and financial distress signals. Each finding is linked to its original source with severity classification.
Is Chime on any sanctions lists?+
Sanctions screening is particularly critical for banking vendors. ThirdProof screens Chime against OFAC SDN, consolidated international sanctions lists, and PEP databases. The screening uses entity name verification to reduce false positives. If Chime or any associated officers appear on a sanctions list, this triggers automatic escalation to the highest risk tier.
How do I assess Chime for vendor risk?+
Assessing Chime as a banking vendor involves verifying SOC 2 Type II, FDIC coverage, and banking regulations compliance, reviewing their subprocessor chain, and checking sanctions exposure. ThirdProof automates this across 27 intelligence sources in an average of 7 minutes — no questionnaires or vendor participation required. Your first 5 investigations are free.
How long does a ThirdProof assessment take?+
A ThirdProof assessment completes in an average of 7 minutes. 27 intelligence sources are queried in parallel — sanctions databases, business registries, threat intelligence feeds, certificate transparency logs, and more. The result is a deterministic risk tier with confidence score and audit-ready PDF report.
Is ThirdProof free?+
ThirdProof offers 5 free vendor assessments with no credit card required. Each assessment includes the full report — risk tier, confidence score, individual findings, executive summary, and PDF export. Paid plans start at $399/month for teams that need ongoing vendor monitoring.
Can I use a ThirdProof report as SOC 2 audit evidence?+
Yes. ThirdProof reports are designed to satisfy SOC 2 CC9.2 (vendor risk management) requirements. Each report includes SHA-256 integrity verification, methodology disclosure, source attribution for every finding, and AI content labeling. Auditors can independently verify the report's authenticity and trace each finding to its original source.
How is ThirdProof different from a security questionnaire?+
Security questionnaires require vendor participation, take weeks, and produce self-reported answers. ThirdProof queries 27 independent intelligence sources — no vendor involvement needed. Risk tiers are assigned by a deterministic rules engine (not AI opinion), and every finding links to its original source. You get an audit-ready report in an average of 7 minutes instead of waiting weeks for a questionnaire response.