Chip is an automatic savings app. The idea is that you fill out a survey, decide how much you'd like to be saving a month, then let the app do the hard work for you by putting some money aside. You can simply save the money or use it to invest, making the system similar to apps like Plum and Moneybox. To unlock all the investment features you'll need to upgrade to ChipX which costs £3 a month.
Turning off the automatic saving is fuss free too, so you don't have to worry about it taking money from your account when you'd rather it didn't. It's all very straightforward and easy to use, and could be a great tool to help you build your savings pot.
Or, on the other hand, you might just be interested in the welcome offer. If you sign up with a referral code, link your bank and deposit £1, then stay a user for 30 days Chip will credit you with between £10 and £20.
I was, as ever, kind of sceptical but duly signed up, linked my bank, and deposited £1. I turned off the automatic savings feature and then set a reminder to check back in 30 days. ...Lo and behold I had £20 which I withdrew to my current account. Plus someone had used my referral code to set up their own account so, a few days later, I had another £20 as a referral reward.
The money can take up to 48 hours to clear but, given the circumstances, it's something I can live with!
To get your own welcome bonus check out Chip with referral code CHIP-UBK471.
