Terms & conditions

Referral 'flash' offer

Between 08:00am Saturday 26 February and 11:59pm Monday 28 February we are temporarily raising the bonus amount to £15 for successful referrals, meaning the referral offer will be 'Give £15, Get £15' during this window.

How to redeem offer if you are referring someone:

1. Go into the Chip app, click on profile and then on ‘promos and referrals’.

2. From there, click on ‘Get £10. Give £10’, and your referral code should appear on the screen, share it with whoever you want to refer. 

3. There is no limit on how many people you can successfully refer.

How to redeem offer if you are being referred:

1. Download Chip and set up your new account.

2. Enter your referral code.

3. Make a deposit into a Chip account 

To be eligible if you are being referred:

1. You must be a new Chip customer. Enter the referral code you were given and deposit at least £1 into any Chip account. **A new customer is defined as someone who has never previously held a Chip account**      

2. You must be an active Chip customer for at least 30 days. **An active Chip customer is defined as someone who has an account balance greater than £1 and has not deleted the app.

3. You must be on version 4.20.1 of the Chip app.

To be eligible if you are referring someone:

If you are referring someone to Chip, you will be eligible for a £10 bonus when the person who has redeemed your code has successfully signed up to Chip as a new user, made a deposit into any Chip account and been with Chip for 30 days.

How will the bonus be paid?

1. The £10 cash bonus will be paid into your Chip Savings Account.

2. If you have been referred, the £10 bonus will be paid out the day after all the above requirements have been met.   

3. If you have referred someone, the £10 bonus will be paid out the day after the person you referred has met all the conditions required.    

4. You will be able to access the bonus by withdrawing the full balance from your Chip Savings Account.

Please note, the £10 bonus is paid at our discretion, if we believe you violate our terms of use, we may withhold payment.

What happens if the referrer deletes their account while the referee has the referral active?

The referrer will not receive the £10 bonus but if the referee meets the conditions they will receive their £10 bonus.

What happens if the referee deletes their account while they have an active referral?

Both the referrer and referee will not receive the £10 bonus (and the referral will be marked as failed for the referrer)

Who are Chip?

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.