What do I need to do?

It’s free to open an account and after a quick check, you’ll be on your way in a few minutes:

1
Sign up using you referral code

You will need to download the Chip app and sign up using the unique referral code your friend has provided.

2
Deposit at least £100

You’ll need to make a deposit of at least £100 into your Prize Savings Account

3
Hold an average balance of £10 in the Prize Savings Account

Please note that to be eligible for the extra entries, you must hold an average balance of at least £10 in the Prize Savings Account as of 31 December 2025. See more about how average balances work.

Why Chip?

Chip is built for you. Powered by our extensive Chip community of over 500,000 users, we’ve built one place for saving and investing that makes building your wealth effortless. Learn more about the Chip app.

All in one app

Competitive rates, monthly prizes and investment funds.

Award-winning

Build your savings automatically using our award-winning autosaving features. Charges may apply.

FSCS protected

All our accounts are protected under the the FSCS. Subject to eligibility1.

Capital is at risk.

1FSCS limits of £85,000 apply to eligible deposits per bank.

Opening a Chip account takes just a few minutes. No forms, no fuss.

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1. Download Chip

Head to the App Store or Google Play Store.

2. Create an account

Enter a few details and pass a quick check.

3. You're good to go!

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