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It's free to download the app and get started with Chip.
Then Chip has two subscription plans to choose from:
Cost: £3 per month
Yes, Chip is regulated by the Financial Conduct Authority (FCA) to carry out payment services activities.
Yes, for Chip to automatically save for you, you need to connect Chip to your bank.
Chip is authorised and regulated by the Financial Conduct Authority (FCA) to carry out payment services activities. Chip is not a bank, so the money held in your Chip Saving Account is powered by a 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 £85,000. Your investments are also FSCS eligible, so you can rest assured that you can claim your money back if Chip were to go out of business.
You can withdraw at any time and get your money back in your bank account on the same day. Sometimes it takes up to 2 - 3 working days.
Download the Chip savings app here.
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.
Tags: Open Banking App; Automatic Savings Apps; Automatic Investment Apps
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