Connect

Connect your bank account.

For Chip to start automatically saving for you, you need to connect Chip to your bank. Read more..

Done in 60 seconds

We've timed it. Honestly!

It’ll all be over in a couple of taps - no struggling to remember multiple complicated passwords. And you’ll stay in a secure environment protected by bank-grade encryption throughout the whole process!

Just snap a pic of your card

First, you just need to add the debit card (note you can't add a credit card to Chip) that's for your main bank account you use for day-to-day spending.

This is so we can move money between Chip and your bank account (Chip is a closed loop, so your money can only ever go between Chip and your linked account).

Open Banking connection

We'll securely take you from Chip to your banking app (log in with your passcode, fingerprint, or Face ID - the future is now!), you approve us, and hey presto you're back in Chip. Easy as that.

Open Banking powers Chip's AI and let's us know exactly how much to save for you.

Connect Bank

Connect your bank in 60 seconds. Yes we've timed it.

Auto-Saves

Chip automatically saves the money you won't miss.
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Set Goals

Keep on track and save up for the things that you *really* want to do.

Earn Interest

Access market leading rates at the tap of a button. Easy money.

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Withdraw

Get your money back in your bank account on the same day.

Payday Put Away

Save the day you're paid and stay one step ahead of your money.

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Deposit

Turbo charge your Chip account and save as much as you like when you want.

Save Streaks

See how many days you've gone without skipping a save. Eyes on the prize!

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Our most frequently asked questions

We guess you'll probably want to know about the below. If you have more questions, read our full FAQs here.

How does Chip know how much to save?

Chip analyses your transactions and calculates what you can afford to save every few days. You're still in control and can cancel or amend any of your auto-saves before they happen.

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‍To put it simply, if you spend more, we'll save you a bit less. And if you spend a bit less, we'll save you a bit more. Our AI also learns, so if you skip or edit saves, Chip will take note and save you a bit more or less in the future.
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The whole idea is you wont miss the money you save. Just leave Chip ticking over, come back in a few weeks and crack a smile at how much you've saved up.

How much does it cost to use Chip? / Is Chip free?

The standard Chip membership plan is now free. This plan includes autosaving!

The free membership gives full access to all our FSCS-eligible savings accounts (notably our easy-access account with 0.70% variable AER), with unlimited withdrawals and deposits from £1 up to £85,000.
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We’re also including our auto-saving tech and three investment funds powered by BlackRock.* Remember, your capital is at risk when investing.

You can upgrade to our premium ChipX plan whenever you want,  and unlock more investment funds (with lower platform fees!) and ways to grow your savings.
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Read more about our price plans here.

How do we store money?

All money you save through Chip can be tracked at all times in the app.

Chip works as a closed loop with your linked bank account. So your money will only ever be moved between your Chip accounts and your bank.


Chip is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 no. 911255 for the provision of payment services.

Chip is not a bank. We provide access to savings accounts with UK authorised partner banks that are covered by the Financial Services Compensation Scheme (FSCS), and an e-money wallet with a UK authorised e-money provider. 

Where your money is FSCS eligible (all new accounts)

Any money you deposit into a savings or investment account through Chip is covered by FSCS.

Where your money is safeguarded, but not covered by FSCS (older accounts only)

Money held in older Chip "e-wallets" is stored as e-money and is not covered by FSCS. We work with electronic-money specialists PFS (Prepaid Financial Services FRN: 900036) to store your money. PFS store the money with a major retail bank in a ‘ring-fenced’ account, which means it’s never used for any trading activities.

You can no longer deposit into these e-wallets and we strongly encourage all customers with money in an e-wallet to move their balance to one of our new FSCS protected savings accounts.

How do I get started with Chip?

To get started you'll need either an iOS or android phone. Simply download Chip from your App Store or from Google Play, and the app will walk you through the rest.


Chip is only available to people aged over 18 in the UK.

We fully connect with 17 UK banks: Bank of Scotland, Barclays, Danske, First Direct, HSBC, Halifax, Lloyds Bank, Marks & Spencer, Monzo, Nationwide, Natwest, RBS, Revolut, Santander, Starling, TSB, Ulster Bank.

If your bank isn't on this list (eg Metro Bank, Tesco Bank, Co-operative Bank) you can't currently connect to Chip.

Chip Financial Ltd
7 Bell Yard
London
WC2A 2JR
© Chip Financial Ltd 2019 - Registered Company #10113174
Savings
Chip is a trading name of Chip Financial Limited. Chip is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017, firm reference number no. 911255, for the provision of payment services. 

Note that Chip is not a bank. We provide access to savings accounts with UK authorised partner banks and an e-money wallet with a UK authorised e-money provider. 

Only the money held in our Interest Accounts and Chip+1 account is covered by the Financial Services Compensation Scheme (FSCS) for deposits. To find out more and to check your eligibility please visit: https://www.fscs.org.uk/about-us/ 
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Funds held in your e-money wallet are not covered by FSCS. This money is safeguarded with Prepaid Financial Services Limited.

Chip is an agent of Prepaid Financial Services Limited. Prepaid Financial Services is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, firm reference number 900036, for the issuance of electronic money and provision of payment services. Registered Office: Fifth Floor, Langham House, 302-308 Regent Street, London, W1B 3AT.
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Investments
‍For our Investment Platform business only Chip is an Appointed Representative of P1 Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority, under Firm Reference Number 752005.
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Your money may be protected up to £85,000 by the Financial Services Compensation Scheme (FSCS) under their Investment Scheme. This means that in the event Chip Financial Ltd is declared to be in default and cannot meet their obligations, you may be able to claim compensation. It’s important to understand that the FSCS doesn’t cover you in the event that your investments go down and you get back less than what you put in. Further information is available from the FSCS website (www.fscs.org.uk).

BlackRock® is a registered trademark of BlackRock, Inc. and its affiliates  ("BlackRock") and is used under license. BlackRock makes no representations or  warranties regarding the advisability of investing in any product or the use of any  service offered by Chip Financial Limited. BlackRock has no obligation or liability in  connection with the operation, marketing, trading or sale of any product or service  offered by Chip Financial Limited.
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Our registered office is: Chip Financial Ltd, 7 Bell Yard, London, WC2A 2JR