We use FCA-regulated open banking providers to help you move your money quickly and securely between your linked bank account and Chip.
We partner with TrueLayer and Tink to facilitate secure payments. These providers allow you to authorise deposits quickly and safely without needing to manually enter your bank details.
Both TrueLayer and Tink are authorised under the UK’s open banking framework. They work with a wide range of banks to ensure a smooth payment experience for all our members.
Can I deposit via bank transfer?
Yes, absolutely! By partnering with TrueLayer and Tink, we can offer deposits via the Faster Payments Scheme. This is a direct transfer from your linked bank account into Chip without needing to use your debit card.
Not only are deposits via bank transfer more secure, but members also benefit from faster processing times, meaning your money can arrive in your overall Chip account sooner.
When depositing via bank transfer, you’ll automatically be taken to your mobile banking app to securely initiate and approve the payment.
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.