Are there any free chat hosting sites...?

Question

my friend and I prefer one that allows multiple administrative accounts so both of us are able to go on and monitor the chat.

Answer 1

try http://www.plentyoffish.com/

Answer 2

There are many sites that will permit you and your friends to chat, however if you want to run a specific chat server software and adminster it, you will need to pay. For small sites, some people run the server off their personal business broadband connection.