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Can I allocate recurring deposits into the Chip Cash ISA?

Ryan avatar
Written by Ryan
Updated yesterday

This will depend on your linked bank account.

We usually use a technology called Variable Recurring Payments (VRP) to process these types of deposits. While most banks support this, there are a few that currently don't.

Because the Chip Cash ISA only accepts deposits from your linked bank account (and not via debit card), you won't be able to set up a recurring deposit if your bank is one of the following:

  • Starling

  • First Direct

  • TSB

  • Ulster Bank

  • the Bank of Scotland

  • Danske

If your bank is on this list, you can still add money to your Chip Cash ISA at any time by making a deposit from your linked bank account.

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