What is the promotion offer?

The promotion offers EITHER £20 cash into your Chip Instant Access Account OR a £20 gift card to eligible customers who deposit a minimum of £100 into a Chip investment account for the first time and use the promo code INVEST20.
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How do I qualify for the £20 gift card?

To qualify, deposit at least £100 into a Chip General Investment Account (GIA), a Stocks & Shares ISA, or a combination of the two, enter the promo code INVEST20, and meet the eligibility criteria.
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When does this promotion start and end?

The promotion starts on 18 March 2025 and ends at 23:59 on 28 March 2025.
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Where will the £20 gift card be sent?

• If you choose the cash reward option, the £20 will be deposited into your Chip Instant Access Account on 15 May 2025.  If you select the gift card option, the gift card will be sent to the email linked to your Chip account on 15 May 2025. You can check your linked email address in the ‘Personal Details’ section on the Profile tab in your app.  
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• Please note that any bonus payments from Chip into your Chip Instant Access Account do not count towards your balance when interest is calculated, and bonus payments can take up to 5 working days to reach your linked bank account when you withdraw.

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Who is eligible for this promotion?

You need to either have:

• never opened an investment account (either a GIA or a Stocks & Shares ISA) with Chip, OR;

• a total balance of £0 in your investment account(s) (i.e. your GIA and/or Stocks & Shares ISA) as of 18 March 2025.

As well as:

• be an active Chip customer with Chip;

• and have at least £0.01 in your Chip Instant Access Account.
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Do I need to be an existing Chip customer to participate?

You need to be an active Chip customer to qualify for the bonus.
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How do I get started if I don’t have a Chip investment account?

Open a Chip investment account (either a GIA, a Stocks & Shares ISA, or both), deposit at least £100, and enter the promo code INVEST20 in your Profile tab (look for ‘Promos & Referrals’) between 18 March and 23:59 28 March 2025.
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I already have a Chip investment account. Can I still qualify?

Yes, but only if your investment account balance was £0 as of 18 March 2025. You can qualify by depositing £100 or more and entering the promo code INVEST20.
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Can I split the minimum £100 deposit across my General Investment Account (GIA) and Stocks & Shares ISA?

Yes, you can deposit £100 in any fund or spread it across both GIA and Stocks & Shares ISA.
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What happens if my deposit takes a few days to process?

As long as the deposit is made by 23:59 28 March 2025 deadline, it should qualify. Note that investment deposits may take a few days to appear in your account.
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How many £20 rewards can I earn through this promotion?

You can earn a maximum of one £20 gift card OR one £20 cash reward per customer.
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How long will it take for the reward to be sent?

The cash reward will be sent to your Chip Instant Access Account on 15 May 2025. The gift card will be sent to the email address linked to your Chip account on 15 May 2025.
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What happens if I forget to enter the promo code INVEST20?

The promo code INVEST20 is essential to qualify for the bonus. If you forget to enter it before 23:59 on 28 March 2025, you will not receive the £20 reward.
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Is there a minimum balance required in my Chip savings account?

Yes, you need to have at least £0.01 in your Chip Instant Access Account.
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Can I enter the promo code after making the deposit?

The promo code INVEST20 must be entered during the promotion period and before the deadline of 23:59 28 March 2025, but you can enter the code after you deposit.
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How will I know if I have received the bonus?

If you select the cash reward, you can check your Chip Instant Access Account on your Chip app on 15 May 2025 to see the £20 reward deposited. If you select the gift card option, you can check your email after 15 May 2025 to confirm receipt of the £20 gift card.

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Can I use an ISA transfer to meet the minimum deposit requirement?

No, funds transferred from an ISA outside of Chip will not count towards the £100 minimum balance required for this promotion. Only new money deposited directly into the investment account qualifies.
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Can I use this in conjunction with other promotions?

Yes, you will be eligible for this promotion even if you are on a new ser promotion.
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How do I redeem the gift card?

• On 15 May 2025, you will receive an email with instructions on how to select your reward—either a cash reward or a gift card. 
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• If you choose the gift card, you must redeem it within 90 days of receiving the email, or the link will expire. The gift card’s expiration date will depend on the retailer and will be specified on the card.
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• If you choose the cash reward, the £20 will be added to your Chip Instant Access balance within 7 days. 
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• Please note that any bonus payments from Chip into your Chip Instant Access Account do not count towards your balance when interest is calculated, and bonus payments can take up to 5 working days to reach your linked bank account when you withdraw. More information can be found here.
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Where can I use my gift card?

The email you will receive on 15 May 2025 will allow you to choose between Amazon, John Lewis, Laithwaites, and Bloom & Wild. You will need to follow the instructions on the email.

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When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than your original investment. Chip does not provide financial advice.

Seccl Custody Limited is the ISA Manager for the Chip Stocks and Shares ISA. A monthly or annual ChipX membership is required for certain funds selected within a Stocks and Shares ISA. Fund management charges apply ISA limits apply.Invest £20k per tax year.

Chip does not provide tax or financial advice. Tax treatment depends on individual circumstances and may be subject to change in the future.

GIA proceeds are potentially taxable, subject to any annual exemption that may apply

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