How To Redeem;

If you are referring someone: 

1. Go into the Chip app, click on ‘Profile’ and then on ‘Promos and Referrals’. 
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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. 
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3. There is no limit on how many people you can successfully refer to Chip. 

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If you are being referred: 

1. Follow the link you receive to our referral webpage. 
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2. Enter your email address and click ‘Download Chip’. 
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3. Download Chip within 30 days of entering your email address and set up your new account using the same email address. We will apply your referral code for you at this stage. 
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4. Deposit at least £500 into the Chip Instant Access account and then maintain that balance at least 30 consecutive days in the Chip Instant Access account.

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Alternatively, you can:

1. Download Chip and set up your new account. 
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2. Enter the referral code given to you by your friend. You have 14 days to enter the code after downloading the app.
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3. Deposit at least £500 into the Chip Instant Access account and then maintain that balance for at least 30 consecutive days in the Chip Instant Access account.

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Once the referral code has been applied to your account by either of the methods above you must: 

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1. Deposit at least £500 into the Chip Instant Access account and then maintain that balance for at least 30 consecutive days in the Chip Instant Access account. 
2. You have 60 days from the date of being referred to meet the referral criteria, including the 30 day holding period of a minimum balance of £500, before the referral offer expires.

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If you are referring someone to Chip:

To be eligible for a £20 cashback reward into your Chip Instant Access Account, the person you are referring has to have:
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- Successfully signed up to Chip (minimum app version 4.56.0) as a new customer

**A new customer is defined as someone who has never previously held a Chip account**
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- Redeemed the referral code by signing up with the same email address using the link you shared within 30 days or entering your referral code in the app within 14 days.
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- Deposited a minimum of £500 into their Chip Instant Access account and held this for at least 30 consecutive days.
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- Not already redeemed a new customer promotion.
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The person you referred has 60 days from being referred to meet the referral criteria before the referral offer expires.

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If you are being referred:

If you are being referred to Chip, you will be eligible for a £20 cashback reward into your Chip Instant Access Account. To be eligible for the reward you will have to fulfil these criteria:
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- You must be a new Chip customer.

**A new customer is defined as someone who has never previously held a Chip account**
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- You must not already be on a new customer promotion.
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- You need to have redeemed the referral you were given (using the link shared with you and signing up using the same email address entered within 30 days, or by entering the referral code shared with you in app within 14 days).
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- You must hold a Chip Instant Access account balance of at least £500 for at least 30 consecutive days.
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- You have 60 days from being referred to meet the referral criteria before the referral offer expires.
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- You must be on at least version 4.56.0 of the Chip app.

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How will the promotion be applied?

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• ‍The £20 cashback reward will be added to your Chip Instant Access account, once the person being referred has met all the above requirements.
   

• 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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• ‍If you refer more than one person successfully, you will be eligible for cashback rewards on multiple occasions, depending on how many referrals are successful. You will receive a £20 cashback reward for each customer successfully referred. For example, if you successfully refer 2 people, you will receive 2 separate £20 cashback rewards into your Chip Instant Access account.
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• 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 £20 cashback reward to your account. The £20 cashback reward will be applied once your Chip Instant Access account is open.

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General

• ‍Chip reserves the right to modify or terminate the Cashback Reward Promotion at any time.
• When we refer to timeframes in the context of promotions or eligibility requirements, “1 month” will always correspond to a period of 30 calendar days. Additionally, “3 months” refers to 90 calendar days, “6 months” refers to 180 calendar days, “9 months” refers to 270 calendar days, and “12 months” refers to 365 calendar days. 
• Once as a new user, you have entered the referral code shared with you, you have 60 days to meet the referral criteria before the referral offer expires. To meet the referral criteria you need to deposit at least £500 into the Chip Instant Access account and you must hold a balance of at least £500 for at least 30 consecutive days.
• If your Chip Instant Access account balance falls 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.
• ‍Each referral code generated for a Chip user is unique for that Chip user. When you enter the referral Code, you will be eligible for the Chip promotion currently available as use of the referral code is governed by time of activation rather than the reason the code was shared.
• As a referee, in order for the referral to be applied to your account, you will need to onboard using the same email address you entered on the referral web landing page shared by your referrer and during onboarding. 
• We will redeem your referral code for you if you sign-up to Chip within 30 days of entering your email address on our referrals webpage. If more than 30 days have passed, you must re-enter it prior to downloading Chip or alternatively manually enter your referral code after the sign-up process.
• By participating in our referral 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 referral 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. 
• 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 and our Privacy Notice.
• 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.

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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.

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