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    • hotnuts21
    • By hotnuts21 29th Oct 16, 12:04 PM
    • 56Posts
    • 7Thanks
    Automated saving Plum or Chip?
    • #1
    • 29th Oct 16, 12:04 PM
    Automated saving Plum or Chip? 29th Oct 16 at 12:04 PM Insert:

    Hi, if you're looking into app-based banking we have a fully researched guide that may help.

    App-based banking

    Back to the original thread...

    Just wondering if anyone had any thoughts on the two automated saving apps that have appeared recently.


    Plums FAQs seem to give a bit more info on security etc, but im always dubious giving access to my accounts for SASS products.

    Last edited by MSE Andrea; 09-01-2018 at 12:55 PM.
Page 2
    • picks
    • By picks 5th Apr 17, 5:57 PM
    • 181 Posts
    • 68 Thanks
    True but Chip's up to 5% sounds interesting.
    Originally posted by iAMaLONDONER
    If it sounds too good to be true, it probably is.

    Do people seriously hand over their security details for their bank / savings accounts to bots? It sounds like bargepole territory to me and I wouldn't be so naive.
    • alph
    • By alph 10th Apr 17, 9:55 PM
    • 20 Posts
    • 3 Thanks
    The Chip app now lets you use overdraft for savings.

    seems to be a new feature.

    May be useful for some people?
    • alph
    • By alph 10th Jun 17, 6:35 PM
    • 20 Posts
    • 3 Thanks
    Chip is stopping the £10 referral cash by the end of the month.

    I got a message from them yesterday saying this.

    I have been using Chip for a few months now and find it excellent.
    I have posted my experiences on here before already.

    So do sign up quickly if you want the £10 cash.. After the end of this month it stops.

    Thanks to anyone that uses my referral code.

    I hope this helps a few people on here.
    • surreysaver
    • By surreysaver 10th Jun 17, 10:32 PM
    • 2,409 Posts
    • 1,350 Thanks
    Just had a look at Chip. The conditions say it might keep funds inaccessible for up to five days after it takes a direct debit.
    And I don't like the way it pretends to be a human when it talks to you, so I uninstalled it.
    I consider myself to be a male feminist. Is that allowed?
    • Ashen
    • By Ashen 11th Jun 17, 5:25 PM
    • 415 Posts
    • 263 Thanks
    Just had a look at Chip. The conditions say it might keep funds inaccessible for up to five days after it takes a direct debit.
    And I don't like the way it pretends to be a human when it talks to you, so I uninstalled it.
    Originally posted by surreysaver
    Isn't that simply because DD's take some working days to process? Seems perfectly reasonable to me.

    For withdrawals, it says on website that they will be returned to account same day if before 2pm.
    • alph
    • By alph 17th Jun 17, 4:17 PM
    • 20 Posts
    • 3 Thanks
    Thank you Sam, for using my code.

    The £10 referral is being withdrawn at the end of this month, so I am glad you managed to get this with in the time limit.

    You just need to connect the app to your bank account, to now qualify for the £10.

    Thanks again Sam
    • alph
    • By alph 22nd Jul 17, 10:10 AM
    • 20 Posts
    • 3 Thanks
    So I have been using this Chip App now for 4 maybe 5 months. I have had no issues so far with this at all.

    I got my first 3 months interest paid to me.

    Savings happen automatically, so its nice and easy.

    Seems to be a great app so far.

    I love how easy it is.


    Just posting my experience so far.
    • alph
    • By alph 2nd Sep 17, 3:37 PM
    • 20 Posts
    • 3 Thanks
    Using Chip for a few months now,

    and I have been able to save a nice amount with out even thinking about it.

    Its great for those of you , like myself, that have always struggled with saving.

    its working great for me
    • bowlhead99
    • By bowlhead99 28th Nov 17, 8:09 PM
    • 7,512 Posts
    • 13,617 Thanks
    Just signed up to Chip, any idea if they are going to continue with the 1% interest bonus for referrals? My code is [XXXXX]., if anyone is interested in a 1% bonus
    Originally posted by homer1195
    As mentioned above, please stop spamming referral links on this board, there is a referrals board for that explicit purpose.

    I see Chip are on crowdcube at the moment trying to raise more funding to help them get enough customers to turn a profit before they run out of resources

    They have hit their target for now at a £4.8m pre-money valuation; EIS status pending and business model not proven, so not one for me.
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