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  • liamcov
    liamcov Posts: 644 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    What date does Tandem pay interest?
  • liamcov said:
    What date does Tandem pay interest?
    A month after you opened it, e.g every 8th of the month if you open today.
  • infoadict
    infoadict Posts: 93 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    1st of every month for me
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 8 March 2023 at 10:57AM
    Steve_xx said:
    grumbler said:
    not sure if anyone has posted this but if you use top cashback you get £25

    Chip Instant Access
    A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.
    Exclusive Offer£25.00
    Previous page, around 1h ago  :p
    What is the procedure for doing this. I am familiar with TCB but the Chip link only takes you to a page with a QR to download the Chip app. How will TCB know you have set up the app and opened the account via them if you scan the QR on a laptop using your phone? Or is it necessary to do everything on your phone?
    My cashback wasn't tracked and that was exactly my thought - how on earth can they track it? Claim submitted, but "this process is likely to take from four weeks to several months (often longer)". I wish I used RAF route instead (TCB was £20 that time and RAF is £20+£20 now, but was £25 2-3 weeks ago).


    "RAF route". What is it?
    Both the referrer and the referred get £20.


  • allegro120
    allegro120 Posts: 1,908 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Steve_xx said:
    Can you make debit card deposits to Chip using any debit card account, as opposed to the linked account?
    I asked Chip CS this a while ago and their response was "We would not advise using other banks to deposit money into Chip, only the one currently connected", which makes me think it's technically possible but I'd rather not risk it.
    I tried to do it and it doesn't seem possible to do it in the app. I'd like to know how to keep my linked bank account as it is and link my debit card from another bank, if at all possible.
  • Blandiblub
    Blandiblub Posts: 12 Forumite
    Fifth Anniversary 10 Posts
    My wife has just opened a Chip account, linked her bank account and sent a small test amount which worked fine. She then went the rest of her savings (a much larger amount) but that's not shown up. It said something like "it's taking a bit longer, etc" but she's worried. I assume it's maybe the amount and her bank are checking things but have others had a delay on a larger amount? Just want to allay her fears!
  • Steve_xx said:
    Can you make debit card deposits to Chip using any debit card account, as opposed to the linked account?
    I asked Chip CS this a while ago and their response was "We would not advise using other banks to deposit money into Chip, only the one currently connected", which makes me think it's technically possible but I'd rather not risk it.
    I tried to do it and it doesn't seem possible to do it in the app. I'd like to know how to keep my linked bank account as it is and link my debit card from another bank, if at all possible.
    Add money to Chip via Apple Pay has all of my debit cards available to choose from, but I'm unsure as to whether the payments would be returned if coming from a different card.
  • S_uk
    S_uk Posts: 348 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    liamcov said:
    What date does Tandem pay interest?
    A month after you opened it, e.g every 8th of the month if you open today.
    I was told by Tandem that interest is paid on the monthly anniversary of the date you first paid into the account, not the day you opened it. I know for most people it's the same date, but for me it isn't.
  • S_uk said:
    liamcov said:
    What date does Tandem pay interest?
    A month after you opened it, e.g every 8th of the month if you open today.
    I was told by Tandem that interest is paid on the monthly anniversary of the date you first paid into the account, not the day you opened it. I know for most people it's the same date, but for me it isn't.
    Ah, that makes sense. I usually pop a nominal amount in straightaway after setting up new payees from existing accounts.
  • Blandiblub
    Blandiblub Posts: 12 Forumite
    Fifth Anniversary 10 Posts
    My wife has just opened a Chip account, linked her bank account and sent a small test amount which worked fine. She then went the rest of her savings (a much larger amount) but that's not shown up. It said something like "it's taking a bit longer, etc" but she's worried. I assume it's maybe the amount and her bank are checking things but have others had a delay on a larger amount? Just want to allay her fears!
    Just in case this affects anyone else, this was triggered by FD's fraud protection (they called her later this afternoon) due to the amount (anything over 15k). Sorted with them on the phone and then it went through to Chip a little later.
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