Chip 30 March at 9:45AM in MSE Labs 1 reply 53 views

Trebor192126

Hi, I am confused by this FSCS with Chip Financial Ltd they operate the app that facilitates linking a bank acct to move money to their easy access interest bearing account, but they are not covered by the 85K FSCS but ClearBank are with whom I do not have an account and as they appear to be a Clearing Bank would I presume only have a single acct arrangement with Chip, so if Chip go into liquidation how would the FSCS work, and no doubt take years to resolve if ever ? The point being that Chip does not appear to have FSCS cover and ClearBank do not know me. 

JJ_Egan

What does this have to do with MSE ??

Post would be better in banking etc .