Chip app review 2020

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Chip app review 2020

Having been a customer of Chip for just over two months I will share my review of the Chip app in this blog post.  If you want to get £10 free cash from Chip then click to get my exclusive Chip app promo code.

What is the Chip app?

The Chip app is a clever way to save without noticing.  It links to your bank and automatically puts money aside for you.  You can set the save level in the app, but on the lowest mine puts random amounts from £4 to £5 into the Chip app every four days.

These amounts are based on artificial intelligence and should be amounts you won’t even notice!

You can get £10 for free with a £1 deposit following this link.

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You are in control with Chip

My biggest worry when signing up was whether I’d still have a level of control over my money.  Sometimes I have money in my account that’s allocated to certain things like school trips, gymnastics payments and other bills that don’t have a direct debit instruction.  I didn’t want Chip to take this money from me!

Luckily you are in control of every save.

Chip will email on the day they are going to save money from your bank account and you have until 3pm to reduce, increase or cancel the save.

If you don’t do anything then the amount they have specified in the email will be automatically saved.

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Access your money whenever you like with Chip

I’d seen some negative feedback when it came to withdrawals, but I’ve had no issues at all.  If you choose to withdraw your money before 5pm on a working day then it will land in your bank account same day.

If you withdraw after 5pm or at the weekend then the funds will be available the next working day.

I’ve withdrawn my money once so far and not had any issues.

The £10 free cash I received from my Chip promo took a little longer to clear to my account, but still only three days!

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Chip is great for short term save goals

Chip is brilliant for short term goals that you might need to save for.  As there’s no interest it’s not great for leaving your cash long term, but it’s perfect if you need to save a lesser amount for the short term.  You can save small amounts quickly, without realising, and access the cash same day (or next working day).

Personally I’m using my Chip account to save money for loan overpayments.  It’s possible to set a goal in the app and see progress.  Mine is a £50 goal to overpay my Tesco loan.  Every time I hit my £50 goal I withdraw it and make a loan overpayment.  (Each £50 I overpay gives me an interest rebate of around £5 and it reduces my monthly loan payment by £1!)

Chip is also great if you’re a terrible saver!

I’d also recommend using Chip if you always mean to save, but you’re just not good at it!

Sometimes putting away large chunks of cash can seem unachievable, but Chip make it easier by stashing small amounts of cash away for you every few days.

If you just can’t save, but want to, then this could be the perfect solution.

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Perfect for smart phone lovers

Chip is a smartphone app and they send emails when it’s time to save, so it’s perfect for those of us who love doing everything on our smart phone, including banking and money management.

I’ve been using the Chip app since the start of January and I have no plans of stopping.  It’s a great way to put some money aside without noticing and then make extra payments on my debt.

You can of course use the app to save money for your own reasons or even to help you start to save if you are a beginner!

Click here to learn more about Chip and to get £10 added to your account for free!


Chip app review 2020


November 2021: New £10 free cash offer for new Chip customers with code LROSE10

Chip launches new 0.7% easy access account with Allica Bank and you can get £10 free cash when you sign up.

Chip are constantly trying to improve their offering to their customers with market leading interest rates. They have launched a 0.7% easy access savings account with Allica Bank to help you grow your savings, whilst also letting you access them as you need.

New Chip AI customers can enter Chip app promo code LROSE10 when signing up to the autosavings app to grab £10 free cash.

Simply deposit £1 in the 0.7% easy access account to qualify!

Full terms and conditions are at


Get £10 free cash with Chip promo code LROSE10

In celebration of Chip’s new partnership with Allica, offering a 0.7% easy access savings account, Lylia Rose blog readers can grab £10 free cash when signing up as a new customer to the ChipAI plan.

It’s really easy to get started and you only need to deposit £1 to qualify for the bonus. Simply click here for full terms and to get started: