In time for tax season, Chime is offering its in-app tax filing pilot program for free¹ to even more members. After early success with the pilot launch, the all-new tax feature is now available to millions more Chime members, showing members are eager for a seamless tax filing option that is “free.”
Madhu Muthukumar, Chief Product Officer said:
“Many companies make it feel like their tax filing product is free, but everyday people end up facing a ton of hidden fees — we heard from our members that many of them were even paying $70 or more to file their taxes. At Chime, we believe that everyone should have access to the very best financial services. Offering a free and convenient way for our members to file their taxes is just one of the many ways to have our members’ backs. So far, the reception has been really positive. We’re proud to help our members get their taxes done faster and get their refunds back sooner.”
Directly through the Chime app – which boasts “more than 1M 5-star reviews – members can file both state and federal taxes completely free with a maximum refund guaranteed.”
Eligible members will receive an in-app notification “to let them know they’re eligible to use the tax filing experience as a part of the pilot.”
To offer this new feature, Chime partnered with Column Tax and april, registered tax e-file providers, to provide eligible members “with the opportunity to file their personal state and federal tax returns directly through the Chime app.”
For members with access to the feature, filing can be “done in just a few clicks, right from their Chime app home screen.”
Filing taxes through Chime is truly free. There are no surprise costs, and “no upsell depending on your tax situation.”
It’s fast. Members can prepare and file their personal return through Chime’s app in minutes.
Members using Chime’s in-app tax feature “are guaranteed their maximum possible refund. Max refund guarantee provided by Column Tax or april.”
If a member decides to direct deposit with Chime, they can “get their federal tax refund up to six days early. So far this tax year, Chime has already made more than $5 billion in tax refunds available to our members up to 6 days early.”
Chime plans to roll out this in-app tax filing feature “to all members for the 2024 tax year.”
Members who’ve already used the new tax feature “are giving it a thumbs-up.”
Chime’s new embedded tax feature not only “simplifies tax filing but also aligns with Chime’s mission of helping everyday people unlock financial progress by offering fee-free financial solutions to members. By enabling members to file their taxes for free directly through the app and early access to refunds, Chime aims to help members get ahead of financial goals even easier, and tax filing as seamless as possible.”