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Noah Sark

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Review of the Chip, Savings App:

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Lack of privacy

When connecting my bank account to CHIP it wants access to my banking transactions for the last few years. This is surely social profiling? Reviewed on: 28th September 2024

Reply from Chip Hi Noah, We encourage all of our users to link to Chip via Open Banking, due to its safety, security and speed. Open Banking helps us to keep your money safe and ensure that your withdrawals reach your linked bank account as expected. You can read more about how Chip uses open banking here - https://www.getchip.uk/the-blog/what-is-open-banking. I can assure you that Chip is FCA-regulated. Every provider that uses Open Banking to offer products and services must be regulated by the Financial Conduct Authority. Response date: 12th March 2025

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