Chip offers a referral scheme whereby if you refer a friend to the Chip app, you will both receive a £20 cashback reward in your Chip Instant Access Account, once the person being referred has met all the requirements.
If you have been referred to Chip
If you've been referred to Chip by a friend, you just need to follow these steps:
Be a new Chip customer. A new customer is defined as someone who has never previously held a Chip account
Follow the link you received from the referrer to our referral webpage, enter your email address and click ‘Download Chip’. You must download Chip within 30 days of entering your email address and set up your new account using the same email address. We will apply the referral code for you at this stage. Alternatively, you can enter the referral code you were given within 14 days of creating the account
Deposit at least £500 into the Chip Instant Access Account
You must hold a Chip Instant Access Account balance of at least £500 for a minimum of 30 consecutive days
You must be on the latest version of the Chip app
If you have referred somebody to Chip
You can refer somebody to Chip by going to the Profile tab, tapping on Promos & Referrals and Invite a friend to Chip. A message containing the referral link and code will be populated and you can then send this to the person you would like to refer.
If you refer somebody to Chip, they must follow the link they receive to our referral webpage, enter their email address and click ‘Download Chip’. They must download Chip within 30 days of entering their email address and set up their new account using the same email address. We will apply the referral code for them at this stage.
Alternatively, they can download Chip and enter your referral code. Please note that they have 14 days to enter the code after downloading the app.
Once the code has been applied (either manually or by us), they will need to make a deposit of at least £500 into the Chip Instant Access Account and leave it there for a minimum of 30 days. Please note that they have 14 days to enter the code (if they're entering it manually) and deposit the minimum balance before the referral offer expires.
Fulfilling the criteria
Once all of the above has been completed, you will both receive a £20 cashback reward in your Chip Instant Access Account.
You can read the full terms of the Chip referral scheme here.