Complaints at Chip
We recognise that things can go wrong. We want to learn from our mistakes and improve your experience whenever possible.
So, we've made it as easy as possible to raise a complaint with us, either through email (at hello@getchip.uk), by post or Chip's live-chat (this can be found under the profile tab in the app). More information on opening hours can be found at: https://www.getchip.uk/contact.
Our registered address is:
Sixth Floor, Fora Montacute Yards, 186 Shoreditch High Street, London, E1 6HU.
1. What we will do and how long will it take
We will do our best to resolve your complaint as soon as possible; however, werecognise that some matters may take time to investigate thoroughly in order toensure a fair and satisfactory outcome.
What we will do to keep you informed,
● Send you a written acknowledgment within 3 working days.
● Keep you informed of what is being done to resolve your concerns.
● Investment related complaints: We aim to provide a final response within 8weeks.
● PSR (Payment Services) complaints: We aim to provide a final response within 15 business days; however, some complaints may take up to 35business days. In such cases, you will receive a holding letter to keep you informed of progress.
● Other than for the Investment Platform related complaints in exceptional circumstances, we may provide a full reply within 35 business days.
What we will do to keep you informed,
● Send you a written acknowledgment within 3 working days.
● Keep you informed of what is being done to resolve your concerns.
● Investment related complaints: We aim to provide a final response within 8weeks.
● PSR (Payment Services) complaints: We aim to provide a final response within 15 business days; however, some complaints may take up to 35business days. In such cases, you will receive a holding letter to keep you informed of progress.
● Other than for the Investment Platform related complaints in exceptional circumstances, we may provide a full reply within 35 business days.
2. Investment Platform specific Complaints
Chip Financial (Investments) Ltd are accountable for all Investment Platform specific complaints.
Upon receipt of a complaint we will do all we can to resolve your concerns within 3business days, and confirm this to you in writing.
We will write to you, normally within five business days, to acknowledge your complaint and to let you know when they expect to be able to issue a full response.
When acknowledging your complaint, , we will set out the nature of the complaint and may request further clarification if necessary. Your complaint will be investigated using our files together with reports from other parties if relevant. We may also write to you if further information is required. We will keep you informed of the progress of the complaint investigation.
After 8 weeks, if a final response letter has not already been sent to you, you will receive;
● A final response letter detailing our conclusions and resolution to the complaint.This letter will also confirm that if you remain dissatisfied with our final response that you may refer your complaint to the Financial Ombudsman Service (FOS) within 6months of the date of our final response letter, otherwise you would lose this referral right. A copy of the FOS leaflet ‘your complaint and the Ombudsman’ will been closed, if not already supplied. See further information on referral to the FOS below.
OR
● A response that we are still not in a position to make a final response, giving the reasons for the further delay and indicating when we expect to be able to provide a final response;
AND
● Informing you that you may refer your case to the FOS if you are dissatisfied with the delay.
● A copy of the FOS leaflet ‘your complaint and the Ombudsman’ will be enclosed, if not already supplied. See further information on referral to the FOS below.
Please bear in mind that if your complaint involves information from third parties some delays could be beyond our control. We will, however, pursue information on a regular basis.
Upon receipt of a complaint we will do all we can to resolve your concerns within 3business days, and confirm this to you in writing.
We will write to you, normally within five business days, to acknowledge your complaint and to let you know when they expect to be able to issue a full response.
When acknowledging your complaint, , we will set out the nature of the complaint and may request further clarification if necessary. Your complaint will be investigated using our files together with reports from other parties if relevant. We may also write to you if further information is required. We will keep you informed of the progress of the complaint investigation.
After 8 weeks, if a final response letter has not already been sent to you, you will receive;
● A final response letter detailing our conclusions and resolution to the complaint.This letter will also confirm that if you remain dissatisfied with our final response that you may refer your complaint to the Financial Ombudsman Service (FOS) within 6months of the date of our final response letter, otherwise you would lose this referral right. A copy of the FOS leaflet ‘your complaint and the Ombudsman’ will been closed, if not already supplied. See further information on referral to the FOS below.
OR
● A response that we are still not in a position to make a final response, giving the reasons for the further delay and indicating when we expect to be able to provide a final response;
AND
● Informing you that you may refer your case to the FOS if you are dissatisfied with the delay.
● A copy of the FOS leaflet ‘your complaint and the Ombudsman’ will be enclosed, if not already supplied. See further information on referral to the FOS below.
Please bear in mind that if your complaint involves information from third parties some delays could be beyond our control. We will, however, pursue information on a regular basis.
3. Referring your complaint to the Financial Ombudsman Service
We aim to resolve your complaint as quickly as possible and to your complete satisfaction.
If for any reason you’re unhappy with our final response or we’re unable to issue a final response within 8 weeks you can refer the matter to the Financial Ombudsman Service.
The Financial Ombudsman Service who can be contacted as follows:
● Telephone: call them on 0800 023 4567 or 0300 123 9123
● Email: complaint.info@financial-ombudsman.org.uk
● Post: write to them at: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR.
● Website: www.financialombudsman.org.uk
It’s important that our complaints procedures are finalised before you contact the Financial Ombudsman, as they may only investigate once we have issued our final response, or after the end of the complaint journey period. If you are not satisfied with our final response and you wish to refer to the Financial Ombudsman Service, you only have six months from the date of our final response to refer. However, none of these procedures affect your legal rights.
If for any reason you’re unhappy with our final response or we’re unable to issue a final response within 8 weeks you can refer the matter to the Financial Ombudsman Service.
The Financial Ombudsman Service who can be contacted as follows:
● Telephone: call them on 0800 023 4567 or 0300 123 9123
● Email: complaint.info@financial-ombudsman.org.uk
● Post: write to them at: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR.
● Website: www.financialombudsman.org.uk
It’s important that our complaints procedures are finalised before you contact the Financial Ombudsman, as they may only investigate once we have issued our final response, or after the end of the complaint journey period. If you are not satisfied with our final response and you wish to refer to the Financial Ombudsman Service, you only have six months from the date of our final response to refer. However, none of these procedures affect your legal rights.
4. Complaints to be addressed to another firm (Forwarded Complaints)
In the event that we receive a complaint that is not about us, or our services, anda ssuming that we can identify the firm to whom the complaint should be addressed, we will carry out the following action (please expand to see more):
● We will write to the firm concerned, explaining that we believe the complaint to b etheirs, and suggesting that they contact you, the client, directly.
● We will enclose a copy of the original complaint letter.
● We will write to you, the client, giving contact details of the firm, and invite you to get in touch with them.
● We will write to the firm concerned, explaining that we believe the complaint to b etheirs, and suggesting that they contact you, the client, directly.
● We will enclose a copy of the original complaint letter.
● We will write to you, the client, giving contact details of the firm, and invite you to get in touch with them.
Still have questions? Check the FAQs or email us at hello@getchip.uk
