Chime Scholars Foundation Applications for 2026-2027 Now Open

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Key Terms

fdic-insured regulatory

"FDIC-insured" means that a bank or savings institution is protected by the Federal Deposit Insurance Corporation, which guarantees that depositors will get back their money up to a certain limit if the bank fails. This insurance provides peace of mind, similar to a safety net, ensuring that your savings are protected even if the bank encounters financial trouble. It helps build trust and confidence for people saving or investing their money in banks.

deposit insurance regulatory

Deposit insurance is a government-backed guarantee that protects savers’ money held at banks or credit unions up to a set limit if the institution fails. It matters to investors because it reduces the risk that cash parked in bank accounts will be lost, similar to how a seatbelt reduces injury risk — it doesn’t prevent accidents but limits the damage, preserves liquidity, and supports confidence in the financial system.

pass-through deposit insurance regulatory

Pass-through deposit insurance is a rule that lets insured protection follow the actual owner of funds held by an intermediary — for example, a brokerage, trust, or pension custodian — so each individual beneficiary can be insured separately rather than the intermediary as a whole. Think of it like a single safe containing many numbered envelopes: regulators treat each envelope’s contents as insured to the individual named, which matters to investors because it affects how much cash held through third parties is truly protected and therefore changes perceived safety and counterparty risk.

01/21/2026 - 12:01 PM

Offers scholarships up to $20,000 for students of all backgrounds pursuing various forms of higher education

Launched in 2022, program has helped more than 1,000 scholars achieve their educational goals

Scholarship recipients have made real financial progress, with 72% finding employment in their field of study within six months of graduation

SAN FRANCISCO--(BUSINESS WIRE)-- Chime^® (Nasdaq: CHYM), a leading consumer financial technology company, announced today that Chime Scholars Foundation (CSF) has opened applications for the 2026-2027 academic year. Aspiring scholars can now apply for scholarships of up to $20,000 to support their education, paving the way for greater career opportunities and higher earnings. The scholarship program is open to students of all backgrounds and stages of life, and it supports a wide range of educational pathways, including traditional college degrees, apprenticeships, trade schools, and technical certifications.

Since 2022, CSF has provided $7 million in scholarship funding to over 1,000 students. Last year alone, CSF welcomed its largest cohort of scholars to date, awarding more than $3 million in scholarships to 800 students for the 2025-2026 academic year. This work is supported by Chime’s 1% pledge, which commits 1% of its equity over a decade to fund the foundation.

“At Chime, we believe financial progress starts with access to opportunity,” said Chris Britt, CEO and Co-founder of Chime. “Through the Chime Scholars Foundation and our 1% pledge, we’re investing in ambitious students and helping remove financial barriers to education. We’re proud to have supported more than 1,000 scholars so far and excited to continue helping the next generation build brighter futures for themselves, their families, and their communities.”

The program has demonstrated strong outcomes for its scholars. According to a survey of graduates:

100% credit the program with helping them complete their degree or certification
87% projected graduation rate — nearly double that of Federal Pell Grant recipients¹
72% of scholars secure jobs in their field within six months of graduation

Beyond these outcomes, scholars join a supportive network of fellow CSF scholars and Chime employees.

Applications for the CSF scholarship program are now open through March 31, 2026. For more information and to apply, visit the Chime Scholars Foundation website at chime.com/about-us/chime-scholars-foundation.

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^TM. Member deposits are FDIC-insured through The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC, up to applicable limits².

¹87% predicted across FY23–FY25 cohorts, based on actuals and 90% annual retention.

²Chime 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.