We use regulated open banking providers, TrueLayer and Tink, to facilitate secure payments from your bank to Chip. These providers allow you to authorise deposits quickly and safely without the need to enter your bank details manually.

Both TrueLayer and Tink are authorised under the UK’s open banking framework and work with a wide range of banks to ensure a smooth payment experience.

By partnering with TrueLayer and Tink, Chip can offer deposits via the Faster Payments Scheme: a direct transfer from your bank account into Chip without using your debit card.

To transfer funds into a savings account, head to the account in the Savings tab, click Add money then Connected bank transfer. Input the amount you would like to deposit and you’ll automatically be taken to your mobile banking app to securely initiate and approve the payment. You’ll then be returned to Chip, where your deposit will be confirmed.

Not only are deposits via bank transfer more secure, but customers also benefit from faster processing times, meaning your money can arrive in your Chip account sooner. Please note that deposits via bank transfer are currently available for our investment products, as well as the Chip Cash ISA, Chip Instant Access Account, Chip Easy Access Account and Prize Savings account.

Your bank may have a maximum payment limit in place which will be dependent upon the specific bank account type and conditions such as the current balance or how many payments have been made recently. Please follow the bank-specific instructions below if you are experiencing issues depositing.

More information on bank-specific payment limits can be found here.

If you have any questions, please get in touch with us either using the Contact Us section on the Profile tab in-app or by emailing hello@getchip.uk.