Offer at a glance

• Normally, for the Prize Savings Account monthly draw your entries are based off of your average balance at the end of the month.
• But we’re doing an especially large “£500k Draw” in December which you can also earn extra entries for. 
• We want to reward people who deposit early with extra entries. 
• So, if you deposit into your Prize Savings Account in November, your November entries will be added to your December entries as “extra entries” for the December “£500k” draw for the Prize Savings Account.
• Simply deposit into your Prize Savings Account; 
  
  • between 1 November 2025 and 23:59 30 November 2025;
  • your November entries will be added to your December entries as “extra entries” for the December prize draw.
  • You will be automatically included in this offer if you already qualify / have a balance (see “How to qualify” below). 

• You will see these entries reflected as “extra entries” on your in-app entry tracker (you can find this in your Prize Savings Account screen in app).
• “Extra entries” are distinct from your “normal entries” which are generated by your average balance.

Eligibility criteria (who you need to be)

You need to:

• be an active Chip user, with;
  
  • an open Prize Savings Account, and; 
  • hold an average balance of at least £10 in the Prize Savings Account as of 31 December 2025, and;
  • not have opted out of the monthly draws for the Prize Saving Account. 
• Meet the usual minimum eligibility criteria to enter the Prize Savings Account monthly draw without any extra entries applied - you can’t enter the draw based on extra entries alone.

Please note:

• Every full £10 of average balance = one entry.
  
  • Due to the average balance calculation, the minimum amount you need to deposit within a given month to secure one entry rises daily from £10 to £310 as each month progresses. 
  • Please see how average balance works for more details and the minimum amounts you would need to deposit on any given day of the month to secure an entry, or enter the draw. 

• You will need to deposit enough to have an average balance of £100 to enter the Prize Savings Account November draw. 
  
  • The average balance calculation effectively means that to enter the November draw you will need to deposit more than £100 if depositing later than 1 November 2025. 
  • But for the December “£500k” draw, we will change this minimum average balance requirement from £100 to £10.

How to qualify (what you need to do)

If you don’t already have an open Prize Savings Account:

• Open a Prize savings account
• Deposit* into your Prize Savings Account;

• between 1 November 2025 and  23:59 30 November 2025

If you do already have an open Prize Savings Account (but had a balance under £10 as of 1 November 2025):

• Deposit* into your Prize Savings Account;
• between 1 November 2025 and 23:59 30 November 2025.

If you do already have an open Prize Savings Account (and your balance is over £10 as of 1 November 2025) :

• You don’t need to deposit more to qualify (provided you don’t withdraw), but;
• if you deposit* more between 1 November 2025 and 23:59 30 November 2025 you can further boost your entries for the December draw.

*You will need to deposit enough to get at least one entry. Please see how average balance works for more details.

How and when you’ll be rewarded

• If you meet the eligibility criteria and perform the qualifying actions outlined above  your November entries will be added to your December entries as “extra entries” for the December “£500k” draw for the Prize Savings Account.  

• You will be able to see these displayed as “extra entries” in your in-app “Entry Tracker” page for the December £500k Draw (which updates daily), these are distinct from your usual entries which are generated by your average balance. 

• As covered in the terms above, you will lose all extra entries you accrue from this offer if your average balance in the Prize Savings Account is under £10 as of 31 December 2025.

• If your average balance as of 23:59 30 November 2025 is less than £100, you won’t be entered into the November draw, but we will still calculate your extra entries for the December draw based on every full £10 of average balance = 1 extra entry. 
  
  • For example: if your average balance is £50 on 23:59 30 November 2025, you won’t be in the November draw, but you will get 5 extra entries in the December draw (provided you meet all other eligibility criteria).

• If Chip has grounds to suspect any user, or associated third party of abusing the promotion in any capacity, Chip reserves the right (in its sole discretion) to disqualify any person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to award any bonus entries.