CHIP easy access ISA

WillAppleton

I have recently opened one of these and I'm not happy with the fact that they want access to all my bank account details - this includes balance and transactions.

This doesn't sound safe and secure.

Advice please.

la531983

Its open banking through True Layer, they arent actually going to go rooting through your transactions, its just a secure way of being able to pay into it.

If you are bothered fund it via a debit card payment like I just did this week (but only because the Halifax—> Lloyds transfer has confused it)

Woodstok2000

https://forums.moneysavingexpert.com/discussion/6682798/chip-easy-access-isa

It's very safe and secure, but as noted above you can still just fund your account via debit card if you prefer.

WillAppleton

Thank for your inputs. I am simply doing an ISA transfer into its with no expected further payments in this financial year. Does that change your responses. TIA

Woodstok2000

https://forums.moneysavingexpert.com/discussion/comment/82131966#Comment_82131966

Nope. The open banking is still safe, and the debit card option is still available.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82132105#Comment_82132105

Agree with you.

What isn't clear, neither from the app nor from anything on their website, is such an Open Banking connection required when it is not needed.

In other words, do Chip insist that it's set up?