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Chip and Co-op Direct Debits

Now that Tesco has put a dampner on things and decided to withdraw the DD facility. I was wondering wether signing upto
Chip https://getchip.uk/faq I will be able to pull 4 different £1 DD a month in order to satisfy the Co-op account requirement to get the monthly reward.

Has anyone got any experience of using chip and how safe is it with giving your account details to them even though its only read only access?

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