The Bancorp Bank and Chime Extend Private-Label Banking Partnership

The Bancorp Bank announced an extension of its private-label banking services agreement with Chime Financial, Inc., one of the largest neobanks in the United States. Under the renewed agreement, The Bancorp continues to serve as a sponsor bank for Chime, holding member deposits and providing FDIC-insured banking services that underpin Chime's consumer-facing products. The Bancorp has been a key banking partner for Chime, enabling the fintech to offer checking accounts, savings accounts, and debit card services without holding its own bank charter.

Financial terms of the extension were not publicly disclosed. The partnership renewal is significant given Chime's large customer base and the scale of deposits involved. The extension comes during a period of heightened regulatory scrutiny on BaaS sponsor bank relationships, making the continuation of this high-profile partnership a notable signal of confidence.

The Bancorp is one of the most established BaaS providers in the U.S., serving multiple major fintech brands.