Chip is a UK savings and investing app. New customers who join with our referral code CHIP-VMV325, put £1,000 into an eligible Chip account and keep it there for 90 days in a row get a £50 bonus.

Referral code: London for Cheap also receives a £50 bonus when you qualify.

How to get the £50 Chip bonus

Claim the Chip referral bonus

  1. Join through the referral.

    Use our Chip referral link, or download the app and enter CHIP-VMV325 within 14 days of downloading it.

  2. Open an eligible account.

    Choose an Instant Access, Prize Savings, Smart Cash ISA, General Investment or Stocks and Shares ISA account.

  3. Deposit at least £1,000.

    You can split it across eligible accounts, as long as the total is £1,000 or more.

  4. Keep £1,000 in for 90 days.

    The balance must stay at £1,000 or more for 90 consecutive days. If it drops below, the count starts again.

  5. Get your £50.

    Chip pays the bonus into your Instant Access Account, or your Prize Savings Account if you do not have one.

You have 120 days from being referred to meet the conditions. If you sign up through the referral web page, create your account within 30 days of entering your email there.

Which Chip accounts count?

Counts towards the £1,000 Does not count
Instant Access Account Chip Pension
Prize Savings Account
Smart Cash ISA
General Investment Account
Stocks and Shares ISA

If you want the bonus with no market risk, use a savings account rather than an investment account. Investments can go down as well as up, so a £1,000 investment could be worth less than £1,000 after 90 days.

Is Chip safe?

Chip Financial Ltd is authorised and regulated by the Financial Conduct Authority. Money in Chip’s 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 covered by the FSCS in the same way as savings, and prize winnings in the Prize Savings Account are not FSCS protected.

Chip says there is no fee to open its savings or investment accounts. Some optional features, such as auto-saving plans, can carry charges, so check the app’s pricing before switching them on.

Who is this offer best for?

  • Good fit: you have £1,000 of savings you can leave untouched for three months and are happy using an app.
  • Think twice: you might need the money before the 90 days are up, or you would have to invest money you cannot afford to see fall in value.
  • Not eligible: you have held a Chip account before. The bonus is only for customers who have never had a Chip account.

Compare it with other checked sign-up bonuses in our Beermoney guides, such as the Wealthify new customer bonus if you prefer a managed investment ISA.

Chip referral questions

What is the Chip referral code?
CHIP-VMV325. Enter it in the app within 14 days of downloading, or join through our referral link.
Can I withdraw money during the 90 days?
Yes, but only above £1,000. If your balance in eligible accounts drops below £1,000, the 90-day count restarts from zero.
Does the £50 earn interest?
The bonus is paid into your Instant Access or Prize Savings Account, but Chip’s terms say bonus payments do not count towards the balance used to calculate interest or prize draw entries.
How long does it take to get the bonus?
Chip pays it once you have met the conditions. If you then withdraw it, it can take up to five working days to reach your bank.

Sources and checks

Checked: 20 October 2026 against Chip’s referral terms and official website. Capital at risk with investment accounts.