Chip Money – Earn £50 when you sign up
- Time needed
- 5 minutes
- Deposit
- £1000
Chip is a UK-based fintech app offering Cash ISAs, Savings Accounts and Investment ISAs. Their limited-time April offer gives new users a £50 cash bonus when depositing a larger balance and holding it for a set period.
How to claim your £50
- 1
Sign up to Chip here (or enter the code ‘’).
- 2
Deposit at least £1,000 into your Chip account (this can be split across multiple Chip savings or investment accounts). For example their Cash ISA paying 3.81% interest.
- 3
Maintain a minimum £1,000 balance for 90 consecutive days.
- 4
You’ll receive a £50 bonus paid into your Chip Instant Access Account or Prize Savings Account once the criteria is met (within 5 working days).
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Chip Money FAQs
What is Chip?
Chip is a UK‑based “wealth app” for savings and investments: it allows users to save money, open savings accounts (including ISAs, instant‑access accounts, prize‑savings), and invest via Stocks & Shares ISAs or general investment accounts.
The idea is to make saving/investing more accessible: you connect your bank via “open banking” and choose savings or investment options via the app.
Chip handles the interface and account‑management; actual deposits and investments are held via regulated partner firms.
Is Chip a legitimate bank?
Chip itself is not a bank.
The company behind the app is Chip Financial Ltd (registered in England & Wales).
Because it’s not a bank, Chip does not operate branches, issue bank cards, or offer ATM access.
Which bank owns (or provides banking for) Chip?
The savings accounts you open via Chip are provided by ClearBank, a fully authorised UK‑regulated bank.
For investment accounts, another custodian — Seccl Custody Limited — holds investments separately from Chip’s own assets.
Is my money safe with Chip?
Savings accounts are FSCS‑protected. Funds deposited via Chip into savings accounts with ClearBank are eligible for protection under the Financial Services Compensation Scheme (FSCS) — up to a certain limit.
Regulation: Chip (via Chip Financial Ltd) is authorised by the Financial Conduct Authority (FCA) under its firm reference number.
Safety measures: The app uses bank‑grade encryption, requires a PIN (and optionally biometric protection) to access, and deposits are held separately from Chip’s own funds when in transit — a process called “safeguarding”.
Does Chip have a refer a friend scheme?
Yes, Chip often has a refer a friend offer.
Right now, you can each earn £50 when you deposit at least £1000 into your account for 90 days.
Have a referral link to share? Share it on our sister site here.
Similar 'Large Deposit' offers:
- Tembo – Earn £10+ when you sign up5 minutes
- Monument Bank - Get £30 cash when saving15 minutes
- OakNorth - Get £30 cash when saving (£2k required)10 minutes
- Raisin - Get £100 cash when saving (£10k required)15 minutes
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