It's free to download the app and get started with Chip.
Then Chip has two subscription plans to choose from:
Cost: £1.50 per month (first month free)
Yes, to carry out payment services activities.
Yes, for Chip to automatically save for you, you need to connect Chip to your bank.
The Chip+1 account is powered by the UK registered bank, ClearBank, and funds held there are eligible for the Financial Services Compensation Scheme (FSCS). This means your money is protected up to a maximum of £10,000.
If you open an Interest Account, your money is stored with a partner bank in an FSCS eligible savings account.
Money held in your main Chip account (you "e-money wallet") is stored as e-money and is not covered by FSCS.
You can withdraw at any time and get your money back in your bank account on the same day. Sometimes it takes 2 - 3 working days.
Download the Chip savings app here.
Tags: Open Banking App; Automatic Savings Apps; Automatic Investment Apps
Leave a review for Chip! When you write a review, we use the data to tell you and many others about the best financial products.
Plum automates your deposits and investments, analyses your spending, and automatically switches your utilities.
See: Plum Review
Monese allows you to save money in two ways - savings pots and interest accounts. It also rounds up your everyday purchases to the nearest pound and automatically saves the difference.
Every month, we'll send you The Plug - a curation of the best personal finance content in the UK. We share real-life stories, how-to guides, top personal finance news, popular community questions, and tips to help you stay on top of your money.