Membership Fees
Chip has two different membership plans - Chip and ChipX. ChipX costs £5.99 per 28 days, or £65.05 when paid annually (reducing the cost to £4.99 per 28 days). This monthly fee makes ChipX users exempt from any other usage fees including a 0% platform fee when investing.
Please note that for investments, annual management fees still apply.
For information about what the membership plans include, please visit our website here.
The Chip membership plan is designed to be more of a "pay-as-you-go" approach and does not have any monthly cost, but is subject to usage fees as detailed below.
Usage Fees
If you're on the free Chip membership plan, you will be subject to the following service fees:
Transaction | Cost | Notes |
Autosave | £0.45 each | The charge will be taken from the transaction itself.
Example: If you autosave £5.50, £5.05 reaches your account and £0.45 is taken by Chip.
|
Recurring Save | £0.25 each | The charge is taken in the same way as above. |
Investment Platform Fee | 0.5% (min £1 per month) | The charge will be taken directly from your investment balance. |