Boost Promo terms and conditions
Sign up to Chip with your unique promo code and you could be eligible for a boosted rate on top of your existing Chip Instant Access Account (“Boosted Rate Promotion”).
How to Redeem:
1. Go into the Chip app, click on ‘Profile’ and then on ‘Promos and Referrals’.
2. From there, click on ‘Invite a friend to Chip’, and then on ‘Invite friends’ to share your referral link with whoever you want to refer.
3. There is no limit on how many people you can successfully refer to Chip.
2. From there, click on ‘Invite a friend to Chip’, and then on ‘Invite friends’ to share your referral link with whoever you want to refer.
3. There is no limit on how many people you can successfully refer to Chip.
Alternatively, you may:
1. Download Chip and set up your new account.
2. Enter the boost code from the webpage in your profile session. You have 7 days to enter the code after downloading the app.
Once the boost code has been applied to your account by either of the method above:
1. You must deposit at least £1 into the Chip Instant Access Account and then hold this balance until the following day.
2. You have 7 days to meet the boost criteria before the referral offer expires.
Eligibility Criteria:
With all Chip promotion campaigns, you must be over 18 years old and be a resident of the United Kingdom, in order to participate.
Any Chip promotion is also subject to the eligibility requirements of a Chip account, which can be found in Section 4 of our Terms of Use.
If Chip has grounds to suspect any entrant or third party of gaming, deception or fraudulent or unreasonable conduct of any kind (including, without limitation, manipulating referral codes) or if Chip believes the promotion is being abused in any way, Chip reserves the right (in its sole discretion) to disqualify any referral code or person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to apply any promotion.
- You must be a new Chip customer. **A new customer is defined as someone who has never previously held a Chip account**
- Redeemed the promo boost you were given by either joining using the link that was shared and signing in using the same email address or entering the boost code in your profile within the 7 days you downloaded the app.
- Deposit at least £1 into the Chip Instant Access Account.
- You must hold a Chip Instant Access Account 1 consecutive day.
- You have 7 days to meet the referral criteria before the boost offer expires.
- You must be on at least version 4.56.0 of the Chip app.
1. Download Chip and set up your new account.
2. Enter the boost code from the webpage in your profile session. You have 7 days to enter the code after downloading the app.
Once the boost code has been applied to your account by either of the method above:
1. You must deposit at least £1 into the Chip Instant Access Account and then hold this balance until the following day.
2. You have 7 days to meet the boost criteria before the referral offer expires.
Eligibility Criteria:
With all Chip promotion campaigns, you must be over 18 years old and be a resident of the United Kingdom, in order to participate.
Any Chip promotion is also subject to the eligibility requirements of a Chip account, which can be found in Section 4 of our Terms of Use.
If Chip has grounds to suspect any entrant or third party of gaming, deception or fraudulent or unreasonable conduct of any kind (including, without limitation, manipulating referral codes) or if Chip believes the promotion is being abused in any way, Chip reserves the right (in its sole discretion) to disqualify any referral code or person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to apply any promotion.
- You must be a new Chip customer. **A new customer is defined as someone who has never previously held a Chip account**
- Redeemed the promo boost you were given by either joining using the link that was shared and signing in using the same email address or entering the boost code in your profile within the 7 days you downloaded the app.
- Deposit at least £1 into the Chip Instant Access Account.
- You must hold a Chip Instant Access Account 1 consecutive day.
- You have 7 days to meet the referral criteria before the boost offer expires.
- You must be on at least version 4.56.0 of the Chip app.
How will the promotion be applied?
- The 0.17% AER boost would be applied on top of your existing Chip Instant Access AER interest rate for 365 days, once you have met all the above requirements. In the event that the underlying Chip Instant Access Account AER interest rate changes, your total rate will also change accordingly.
- You will start accruing interest at your boosted rate within 1 working day of all criteria being met. The boosted rate will be applied on the balance you hold in the Chip Instant Access account each day.
- The interest earned from your boosted rate is paid monthly as part of your regular monthly interest payment (4th business day).
- When your boosted rate expires it will return to the existing Chip Instant Access Account interest rate.
- If you do not have a Chip Instant Access Account open at the time the referral criteria are met, we will not be able to apply the 0.17% AER boost to your account. The 0.17% AER boost will be applied once your Chip Instant Access Account is open and for 365 days after that.
- You will start accruing interest at your boosted rate within 1 working day of all criteria being met. The boosted rate will be applied on the balance you hold in the Chip Instant Access account each day.
- The interest earned from your boosted rate is paid monthly as part of your regular monthly interest payment (4th business day).
- When your boosted rate expires it will return to the existing Chip Instant Access Account interest rate.
- If you do not have a Chip Instant Access Account open at the time the referral criteria are met, we will not be able to apply the 0.17% AER boost to your account. The 0.17% AER boost will be applied once your Chip Instant Access Account is open and for 365 days after that.
General
- Chip reserves the right to modify or terminate the Boosted Rate Referral Promotion at any time without notice.
- Once as a new user, you have entered the boost code shared with you, you have 7 days to meet the boost criteria before the referral offer expires. To meet the boost criteria you need to deposit at least £1 into the Chip Instant Access Account and you must hold a balance of at least £1 in either of these accounts for at least 1 consecutive day.
- If your Chip Instant Access Account balance fell below the minimum balance at any point during the holding period, then your holding period countdown will start again from 0 once you meet the minimum balance again.
- By participating in our boost program, you acknowledge and agree that we will store your email address prior to sign-up for the purpose of redeeming your referral. If you prefer not to have your email address stored prior to sign-up, please use the alternative method of manually entering the boost code after the sign-up process.
-In the event that one email address is entered to redeem multiple referrals, we will only redeem the most recent referral linked to that email address.
- Once as a new user, you have entered the boost code shared with you, you have 7 days to meet the boost criteria before the referral offer expires. To meet the boost criteria you need to deposit at least £1 into the Chip Instant Access Account and you must hold a balance of at least £1 in either of these accounts for at least 1 consecutive day.
- If your Chip Instant Access Account balance fell below the minimum balance at any point during the holding period, then your holding period countdown will start again from 0 once you meet the minimum balance again.
- By participating in our boost program, you acknowledge and agree that we will store your email address prior to sign-up for the purpose of redeeming your referral. If you prefer not to have your email address stored prior to sign-up, please use the alternative method of manually entering the boost code after the sign-up process.
-In the event that one email address is entered to redeem multiple referrals, we will only redeem the most recent referral linked to that email address.
Who are Chip?
Chip is a trading name of Chip Financial Ltd and is authorised by the Financial Conduct Authority under the Payment Services Regulation 2017 for the provision of payment services. Firm Reference Number 911255.
Eligibility Criteria:
With all Chip promotion campaigns, you must be over 18 years old and be a resident of the United Kingdom, in order to participate.
Any Chip promotion is also subject to the eligibility requirements of a Chip account, which can be found in Section 4 of our Terms of Use.
If Chip has grounds to suspect any entrant or third party of gaming, deception or fraudulent or unreasonable conduct of any kind (including, without limitation, manipulating referral codes) or if Chip believes the promotion is being abused in any way, Chip reserves the right (in its sole discretion) to disqualify any referral code or person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to apply any promotion.
If a referral code is shared online on a website or on social media, Chip reserves the right (in its sole discretion) to disqualify any referral code or person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to apply any promotion.
Any Chip promotion is also subject to the eligibility requirements of a Chip account, which can be found in Section 4 of our Terms of Use.
If Chip has grounds to suspect any entrant or third party of gaming, deception or fraudulent or unreasonable conduct of any kind (including, without limitation, manipulating referral codes) or if Chip believes the promotion is being abused in any way, Chip reserves the right (in its sole discretion) to disqualify any referral code or person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to apply any promotion.
If a referral code is shared online on a website or on social media, Chip reserves the right (in its sole discretion) to disqualify any referral code or person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to apply any promotion.