Chip referral code CHIP-VMV325 for new members. Join Chip with the code, deposit £1,000 or more into an eligible Chip account, keep it there for 90 days and get a £50 bonus.
Article last updated: October 20, 2026
New Chip app referral code
Chip app referral code October 2026 – refer a friend offer
What is Chip?
Chip is a UK savings and investing app. You can open savings accounts, a Cash ISA, a Prize Savings Account and investment accounts, and set Chip to save for you automatically.
Over 500,000 people use Chip, which makes it one of the best-known saving apps in the UK.
What is the Chip referral bonus?
When you join Chip with a referral code, you can get a £50 bonus:
- Deposit £1,000 or more into an eligible Chip account
- Keep at least £1,000 in for 90 days in a row
- Chip pays the £50 into your Instant Access Account (or Prize Savings Account if you do not have one)
Eligible accounts are the Instant Access Account, Prize Savings Account, Smart Cash ISA, General Investment Account and Stocks and Shares ISA. You can split the £1,000 across them. The Chip Pension does not count.
Important: if your balance drops below £1,000, the 90-day count starts again from zero.
How to get the Chip £50 referral bonus
- Join Chip using this referral invitation
- Download the Chip app and create your account
- Or enter the referral code CHIP-VMV325 in the app within 14 days of downloading it
- Deposit £1,000 or more into an eligible account
- Keep at least £1,000 in for 90 consecutive days to receive your £50
You have 120 days from being referred to meet the conditions.
What is the Chip Prize Savings Account?
The Prize Savings Account combines saving with monthly prize draws. Instead of earning traditional interest, your balance gives you entries into cash prize draws. Your savings are not locked away, and you can withdraw when you need to.
The Prize Savings Account counts towards the £1,000 for the referral bonus. If you would rather earn interest, the Instant Access Account also counts.
Is Chip safe and legit?
Yes. Chip Financial Ltd is authorised and regulated by the Financial Conduct Authority (firm reference number 911255).
Money in Chip savings accounts is held with its partner bank, ClearBank, and eligible deposits are protected by the FSCS up to £120,000 per person. That limit is shared with any other accounts you hold through ClearBank. Investments are not protected in the same way, and their value can go down as well as up.
Who is Chip best for?
- You have £1,000 you can leave untouched for three months
- You want to save without micromanaging
- You prefer an app-based saving experience
- You like the idea of prize-based rewards
If you might need the money before the 90 days are up, the bonus may not be worth it.
Why the referral bonus is worth using
£50 on a £1,000 deposit is a 5% bonus on top of any interest, for money you may already want to keep somewhere safe. If you use a savings account rather than an investment account, there is no market risk.
People ask: what is the Chip bonus? How do you get £50 from Chip?
Join with referral code CHIP-VMV325, deposit £1,000 or more into an eligible account and keep it there for 90 days in a row.
Chip app refer a friend bonus terms and conditions
- Be a new customer who has never held a Chip account
- Deposit at least £1,000 into eligible Chip accounts
- Keep at least £1,000 there for 90 consecutive days
- Meet the conditions within 120 days of being referred
- The current promotion runs from 1 October to 31 October 2026, and Chip can change or end it at any time
Full terms: getchip.uk/legal/referral
Chip app review
Who are Chip? Is chip legit?
Chip Financial Ltd is authorised and regulated by the Financial Conduct Authority, firm reference number 911255.
Chip app reviews
You will find Chip reviews at https://www.trustpilot.com/review/getchip.uk.
What is the cost of using Chip app?
Chip says there is no fee to open its savings or investment accounts. Some optional features, such as auto-saving plans, can carry charges, and investment accounts have their own fees.
Chip – Previous expired referral offers
Previously, Chip gave referred friends 100 bonus entries into a £500,000 Prize Savings Account draw for depositing £100. Before that, referrals gave both friends a £15 bonus. Both offers have been replaced by the current £50 bonus.
Enjoy this Chip referral code and add a bit more to your savings!