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Pesito vs Chime. The no-fee account, for people Chime can't open one for.

Chime made the no-fee account normal in the US: no monthly fee, no minimum balance, no overdraft fees, and pay up to two days early. Millions of workers use it, and it works today.

It also has two walls. To open a Chime account you need a valid Social Security number and a US ID, and Chime does not send money to other countries at all. If you have no SSN, or your family is in Mexico, Chime stops right where you need it. Pesito plans the same no-fee account, opened with your own country's ID, and the same account on the Mexican side. Pesito is pre-launch.

The short answer

Pick Chime if you have an SSN, you want an account that works today, and you want early pay and fee-free overdraft with SpotMe.

Pick Pesito, once it launches, if you don't have an SSN, or you send money to family in Mexico and want it to cost $0 between Pesito accounts.

Side by side.

Pesito is pre-launch. Its column is planned launch pricing and planned features, not a live service. The app will show the final price before you pay. Join the waitlist →

  Pesito Chime
Available today No. Pre-launch, waitlist only Yes
What you need to open it Your own country's ID, such as a passport, or an ITIN. No Social Security number (planned) A valid SSN, legal US residency and a US ID: driver's license, state ID, US passport, green card or work permit
Monthly fee $0 (planned) $0
Minimum balance None (planned) None
Overdraft No overdraft and no credit, so no overdraft fee SpotMe: fee-free overdraft from $20 to $200, with $200 or more a month in qualifying direct deposits
Send money to Mexico $0 between Pesito accounts; $0 standard withdrawal to any Mexican bank by SPEI (planned) Not offered: Chime does not offer international transfers
Pay someone $0 to any $PesitoID, phone number or claim link, in the US or in Mexico (planned) Pay Anyone, no fee; someone without Chime needs a US-issued debit card to claim it
Using the card in Mexico Card planned, no date; needs a partner bank, not signed No foreign transaction fee; $2.50 at out-of-network ATMs, abroad too, plus the ATM's own fee
Cash deposits Cash at OXXO and local stores in Mexico, store fee passed through at cost (planned, no date) Free at Walgreens and Duane Reade; $3 to $5 at other stores, set by the store
Getting paid Add money by debit card or bank transfer (ACH) (planned); early pay is not part of the plan Up to two days early with direct deposit; MyPay advances, instant for 3% ($2 to $5)
Language Spanish and English in the app at launch; this site also in Portuguese, French and Nahuatl App Store listing in English only; Spanish support not stated
Bank and deposit protection Not a bank, not FDIC insured. Planned: dollars in an account held for customers at a licensed US bank (agreement not signed) Not a bank; The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC, insured up to $250,000

Chime facts from Chime's own FAQ, help center and fee pages, read October 10, 2026. Store cash-deposit fees are set by the store. Pesito column: planned launch pricing, not available yet.

What Chime does better today.

It works now. Chime is live, and deposits are FDIC insured up to $250,000 through its partner banks. Pesito has no license yet and moves no money.

It helps between paychecks. Pay up to two days early with direct deposit, MyPay advances, and SpotMe, which covers overdrafts up to $200 with no fee for members who qualify. Pesito offers no overdraft, advance or credit of any kind.

It has a card and a big ATM network. More than 47,000 fee-free ATMs in the US, and no foreign transaction fee on the card. Pesito's card is planned and needs a partner bank that is not signed yet.

Where Pesito is different.

No Social Security number. Chime's own FAQ says its accounts are for members with a valid SSN, and every ID on its list is a US document. Pesito's plan is that your own country's passport or an ITIN opens the account.

Your family is on the other side. Chime does not offer international transfers, and someone without Chime can only claim a Pay Anyone payment with a US-issued debit card. Pesito plans $0 and 0% FX between Pesito accounts, in the US, in Mexico and across the border, and a $0 standard withdrawal to any Mexican bank.

The same business, across the border. Chime and Pesito make money the same way: moving money costs you nothing, and the company earns where money sits and how it is spent. Read How we make money.

The trust model, honestly

Chime is a financial technology company, not a bank; The Bancorp Bank, N.A. and Stride Bank, N.A. hold the deposits. In May 2024 the CFPB ordered Chime to pay a $3.25 million penalty over refunds it was slow to send after closing accounts. Pesito is Aztlan Software, Inc., a US technology company: not a bank, not FDIC insured, and without a money transmitter license yet (Idaho first, in process). The plan is that customer dollars sit in an account held for the benefit of customers at a licensed US bank. We will name it when the agreement is signed.

Frequently asked.

Can I open a Chime account without a Social Security number?
No. Chime's FAQ says accounts are for members with a valid SSN who live in the 50 states or Washington, D.C., and its accepted IDs are US documents: a driver's license, state ID, US passport or passport card, green card, work permit or tribal ID. A foreign passport or a matrícula consular is not on the list. Pesito's plan is that your own country's ID, such as a passport, or an ITIN is enough.
Can I send money to Mexico with Chime?
No. Chime says it does not offer international transfers, and it does not process wires. Someone without Chime can claim a Pay Anyone payment only with a US-issued debit card. Pesito's planned price is $0 and 0% FX between Pesito accounts, domestic or international, and $0 for a standard withdrawal to any Mexican bank.
Can I use my Chime card in Mexico?
Yes. Chime charges no foreign transaction fee on its debit card. A cash withdrawal at an out-of-network ATM costs $2.50, abroad too, plus whatever the ATM charges.
Is Pesito like Chime?
In what it costs, yes: $0 a month, no minimum balance, and a business that earns where money sits instead of charging you to move it. It is different in who it is for, with no SSN needed as planned, and in where it works: one account in the US and in Mexico. And Pesito is not live yet; Chime is.
Is my money insured with Pesito, like with Chime?
No. Chime's deposits are FDIC insured up to $250,000 through The Bancorp Bank and Stride Bank. Pesito is not a bank and is not FDIC insured. The plan is an account held for the benefit of customers at a licensed US bank; any pass-through coverage depends on that agreement, which is not signed, so we do not write "insured".

One account across the Americas. No SSN. No monthly fee.

Pesito is pre-launch. Join the waitlist to be first in line, and help shape what we build.

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Three minutes, one answer per phone number. Your answers are stored under the waitlist terms; do not include passwords, account numbers or other sensitive information.

Compare with the others

Pesito vs Revolut The global money app, next to one account built for the US and Mexico. Pesito vs Nubank Nu's new US account and Nu México, next to one account across the Americas. Pesito vs Nomad Dollars for Brazilians in Brazil, next to an account for people already in the US. All of them in one table Pesito, Chime, Revolut, Nubank and Nomad, row by row.

Sources

Every fact about another company comes from its own public pages, read on the dates listed. Fees and requirements change, so check with the provider before you rely on one. Nobody paid to appear here and there are no affiliate links. Pesito figures are planned launch pricing and planned features: Pesito is pre-launch and nothing is available yet. Spotted an error? Write to business@pesito.la; we fix it and log the date in pricing.txt.