Each month you will be entered into the prize draw provided you have an average balance of £100 or above in the Prize Savings Account (and have not opted out).
Every full £10 of average balance = one entry.
The average balance you have on 11:59pm on the last day of the calendar month is what gets counted as your entries.
For example, if you have an average balance of £100 on 11:59pm on the last day of the calendar month you’d get 10 entries each calendar month (unless you opt out).
If your average balance drops below £100, and remains at that level at the end of the calendar month, you’d have 0 entries in that month’s prize draw (if you choose to opt out of the draw, you’ll have 0 entries, regardless of your balance).
Note – from 1 December 2025 we will change the minimum average balance requirement from £100 to £10.
Need further help?
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.