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  • Spender
  • Saver
  • Scrambler

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Priceless Tay
Find My Money Type

Savings comparison

Chime vs Simplifi

Updated

ChimeBanking app
SimplifiBudgeting app

Priceless Tay may earn a commission from some links on this page, and that never changes how we compare apps.

Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.

Short answer

Chime is a banking app and Simplifi is a budgeting app. Chime says its savings account has no fees, and you need an active Chime Checking Account to open one, while Quicken Simplifi lists $6.99 a month, billed annually. We checked both on Oct 24, 2026, and the official sources differ on 2 of the 9 rows in the table below.

Chime vs Simplifi at a glance

Chime is a banking app and Simplifi is a budgeting app. This page puts what each company's official pages and app store listings say side by side, with the date we checked every fact. The sources differ on 2 of the 9 rows in the table below.

Price and fees

Chime says its savings account has no fees, and you need an active Chime Checking Account to open one. Quicken Simplifi lists $6.99 a month, billed annually. New members who order directly from Quicken by November 22, 2026 see a first-year offer of $3.99 a month, billed annually. We checked both on Oct 24, 2026.

APY or rate

Chime lists 1.00% APY for standard members, 3.00% APY for Chime Plus and 4.00% APY for Chime Prime, in rates effective Oct 6, 2026. Chime says the rate is variable. Chime says there is no minimum balance, but you need $0.01 in savings to earn interest. The higher rates depend on Chime Plus or Chime Prime status, which ties to qualifying direct deposits. We haven't verified this for Simplifi yet, so check the official site for Simplifi before you decide. We checked Chime on Oct 24, 2026.

Opening and balance minimums

Chime says its savings account has no minimum balance requirement. We haven't verified this for Simplifi yet, so check the official site for Simplifi before you decide. We checked Chime on Oct 24, 2026.

Protection

Chime is not a bank. Banking services come from The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC, and pass-through deposit insurance applies only when certain conditions are met. We haven't verified this for Simplifi yet, so check the official site for Simplifi before you decide. We checked Chime on Oct 24, 2026.

Platforms

Quicken Simplifi lists Web and Mobile. We haven't verified this for Chime yet, so check the official site for Chime before you decide. We checked Simplifi on Oct 24, 2026.

Bank syncing

Quicken says Simplifi connects to over 14,000 financial institutions. We haven't verified this for Chime yet, so check the official site for Chime before you decide. We checked Simplifi on Oct 24, 2026.

Features

Both Chime and Simplifi list goals. Simplifi lists investment tracking, which the sources we checked don't confirm for Chime. We checked both on Oct 24, 2026.

App store rating

Chime has 4.8 out of 5 on the App Store from 1,629,130 ratings. We haven't verified this for Simplifi yet, so check the official site for Simplifi before you decide. We checked Chime on Oct 24, 2026. Store ratings are a dated snapshot from each listing, not our score.

Chime and Quicken Simplifi, side by side

Rows marked “Differs” are where the two official sources say different things, and 2 rows do here.

Swipe the table sideways to see both apps.

Chime compared with Quicken Simplifi. Each cell shows the date it was checked and links to its source.
FieldChimeBanking appChime is a financial technology company, not a bank, that offers checking and savings accounts through partner banks.Visit Chime's siteQuicken SimplifiBudgeting appQuicken Simplifi is a paid web and mobile app that builds a spending plan from your income, bills and subscriptions.Visit Quicken Simplifi's site
Price and feesDiffersChime says its savings account has no fees, and you need an active Chime Checking Account to open one.As of Oct 24, 2026. Source: help.chime.com/what-is-the-chime-savings-account-f189355cQuicken Simplifi lists $6.99 a month, billed annually. New members who order directly from Quicken by November 22, 2026 see a first-year offer of $3.99 a month, billed annually.As of Oct 24, 2026. Source: quicken.com/products/simplifi
Free trialNot verified yet.Not verified yet.
APY or rateChime lists 1.00% APY for standard members, 3.00% APY for Chime Plus and 4.00% APY for Chime Prime, in rates effective Oct 6, 2026. The rate is variable.Chime says there is no minimum balance, but you need $0.01 in savings to earn interest. The higher rates depend on Chime Plus or Chime Prime status, which ties to qualifying direct deposits.As of Oct 24, 2026. Source: help.chime.com/what-is-annual-percentage-yield-apy-dfafd381Not verified yet.
Opening and balance minimumsChime says its savings account has no minimum balance requirement.As of Oct 24, 2026. Source: help.chime.com/what-is-the-chime-savings-account-f189355cNot verified yet.
ProtectionChime is not a bank. Banking services come from The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC, and pass-through deposit insurance applies only when certain conditions are met.As of Oct 24, 2026. Source: help.chime.com/what-is-the-chime-savings-account-f189355cNot verified yet.
PlatformsNot verified yet.Quicken Simplifi lists Web and Mobile.As of Oct 24, 2026. Source: quicken.com/products/simplifi
Bank syncingNot verified yet.Yes. Quicken says Simplifi connects to over 14,000 financial institutions.As of Oct 24, 2026. Source: quicken.com/products/simplifi
FeaturesDiffers
  • Yes: Goals
As of Oct 24, 2026. Source: help.chime.com/what-are-chime-savings-goals-4aef8222
  • Yes: Goals
  • Yes: Investment tracking
As of Oct 24, 2026. Source: quicken.com/products/simplifi
App store ratingChime has 4.8 out of 5 on the App Store from 1,629,130 ratings.As of Oct 24, 2026. Source: App Store listingNot verified yet.

App store ratings are a dated snapshot from each store listing, not our score. “Not verified yet” means we don't have a current official source for that line. Spotted a change? Tell us if something changed.

What the apps look like

Chime

  • Chime App Store screenshot 1 of 4, as of Oct 24, 2026
  • Chime App Store screenshot 2 of 4, as of Oct 24, 2026
  • Chime App Store screenshot 3 of 4, as of Oct 24, 2026
  • Chime App Store screenshot 4 of 4, as of Oct 24, 2026
Screenshots: Chime on the App Store, as of Oct 24, 2026.

Quicken Simplifi

  • Quicken Simplifi App Store screenshot 1 of 4, as of Oct 24, 2026
  • Quicken Simplifi App Store screenshot 2 of 4, as of Oct 24, 2026
  • Quicken Simplifi App Store screenshot 3 of 4, as of Oct 24, 2026
  • Quicken Simplifi App Store screenshot 4 of 4, as of Oct 24, 2026
Screenshots: Quicken Simplifi on the App Store, as of Oct 24, 2026. Quicken's Simplifi page links to this App Store listing, which is now named Quicken: Budget & Track Money.

Which fits your Money Type?

There are four Money Types: Strategist, Spender, Saver and Scrambler. Each card matches one type to what the sources say about these two apps.

  • Strategist

    Simplifi lists investment tracking. That fits a Strategist, who wants to watch the whole plan grow.

    First fix: Save the Raise.

  • Spender

    Both Chime and Simplifi list goals. A goal gives a Spender a reason to pause before buying, which is the Sleep on It fix.

    First fix: Sleep on It.

  • Saver

    Chime lists an APY on deposits. That fits a Saver, whose first fix is putting saved money to work.

    First fix: Put It to Work.

  • Scrambler

    Simplifi lists bank syncing. Seeing every account in one place helps a Scrambler pay bills first.

    First fix: Bills First.

Not sure which one you are? Take the free Money Types quiz. It takes about two minutes.

Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.

Another option: Fifecta

If neither Chime nor Simplifi feels right, here is one more option to look at. Fifecta gives every paycheck a plan with FUNDS, and it starts from your Money Type, so the plan matches how you already handle money.

Try Fifecta free

What real users say

These are other people's opinions, not Priceless Tay's. We quote public reviews and posts word for word, link each one and show its date, but we haven't checked the claims in them. A post counts toward a theme when it uses one of that theme's keywords, so a mention can be praise or a complaint.

What Chime users say

Based on 500 App Store reviews, 7 Reddit posts, 1 YouTube video and 2 Hacker News posts dated May 2026 to Oct 2026, read Oct 2026. We collected the Reddit and YouTube data with Apify, a scraping service, on Oct 24, 2026.

  • Of the 510 reviews, posts and videos we read, 83 mention deposits, transfers or getting paid.
  • Of the 510 reviews, posts and videos we read, 45 mention how easy or hard the app is to use.
  • Of the 510 reviews, posts and videos we read, 40 mention customer service or support.

Positive

“It’s the best banking app out there in my opinion. You can get paid two days earlier than your paycheck...”
App Store reviewer on the App Store, . See the App Store reviews. Apple doesn't give single reviews their own link, so this opens the app's reviews.

Critical

“Worst customer service and dispute resolution it takes over 3 months so they can tell you your dispute was denied...”
App Store reviewer on the App Store, . See the App Store reviews. Apple doesn't give single reviews their own link, so this opens the app's reviews.

Mixed

“I've had chime for 3 years and for the most part it's been a great experience.”
u/dnyte270 in r/chimefinancial on Reddit, . Read it on Reddit.
Where these come from

What Simplifi users say

Based on 34 App Store reviews, 18 Reddit posts and 2 Hacker News posts dated Oct 2025 to Oct 2026, read Oct 2026. We collected the Reddit data with Apify, a scraping service, on Oct 24, 2026.

  • Of the 54 reviews and posts we read, 17 mention how easy or hard the app is to use.
  • Of the 54 reviews and posts we read, 15 mention the price, fees or the subscription.
  • Of the 54 reviews and posts we read, 8 mention syncing or connecting accounts.

Positive

“...Simplifi by far is the easiest to use and has the most intuitive UI.”
App Store reviewer on the App Store, . See the App Store reviews. Apple doesn't give single reviews their own link, so this opens the app's reviews.

Critical

“Quicken Simplifi has been a huge disappointment. I have multiple high-usage accounts that have lost connectivity...”
App Store reviewer on the App Store, . See the App Store reviews. Apple doesn't give single reviews their own link, so this opens the app's reviews.

Positive

“...I've used Simplifi, Monarch and Copilot Money and Simplifi was the best of all those 3 IMO.”
u/Inner_Difficulty_381 in r/simplifimoney on Reddit, . Read it on Reddit.
Where these come from

FAQ

How much does Chime cost?

Chime says its savings account has no fees, and you need an active Chime Checking Account to open one. We checked this on Oct 24, 2026.

How much does Simplifi cost?

Quicken Simplifi lists $6.99 a month, billed annually. New members who order directly from Quicken by November 22, 2026 see a first-year offer of $3.99 a month, billed annually. We checked this on Oct 24, 2026.

What APY does Chime list?

Chime lists 1.00% APY for standard members, 3.00% APY for Chime Plus and 4.00% APY for Chime Prime, in rates effective Oct 6, 2026. Chime says the rate is variable. Chime says there is no minimum balance, but you need $0.01 in savings to earn interest. The higher rates depend on Chime Plus or Chime Prime status, which ties to qualifying direct deposits. We checked this on Oct 24, 2026.

What devices does Simplifi work on?

Quicken Simplifi lists Web and Mobile. We checked this on Oct 24, 2026.

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Keep comparing

Full disclosure: Taylor Price, who runs Priceless Tay, owns Fifecta, so keep that in mind as you read this comparison.

Want a plan built on your Money Type?

Fifecta gives every paycheck a plan with FUNDS, so you know where each dollar goes.

Try Fifecta free
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Sources and dates

This is education, not financial advice.