ClearBank is a technology-enabled clearing bank that provides the underlying banking infrastructure for many financial service companies, including Chip.

Founded in 2014, ClearBank holds a full UK banking licence. Through their intelligent and robust technology solutions, they enable partners like us to offer our members real-time payments and innovative banking services.

ClearBank provides the secure, regulated banking infrastructure that powers all of our savings accounts at Chip.

This means that while you manage your money through the Chip app, the cash in these specific accounts is held securely with ClearBank Ltd.

The Chip savings accounts that are powered by ClearBank are:

ClearBank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA.

You can find their entry on the Financial Services Register using the number: 754568.

Their registered address is: ClearBank, Borough Yards, 13 Dirty Lane, London, SE1 9PA.

You can view their privacy notice here. ClearBank legal information can be found here.

If you have any further questions, get in touch with our support team using the in-app chat (this can be found in the Contact us section on the Profile tab) or by email at hello@getchip.uk for further help.