Ron's community profile page - Smart Money People

Write a review

Go to business site

Viewing profile for,

Ron

Total reviews written

Helpful marks given to their reviews

Times reviews seen

All reviews (1)

Review of the Chip, Savings App:

View on product page

Unethical business

Chip was off to a great start, but then started to mess with its customers since late 2020/ early 2021. Chip heavily advertised the Chip+1 account (which promised 1.25% interest on up to £5,000). However, after customers have shared this with their friends & families and signed up (you need to bring a “+1” to join), they unilaterally enrolled everyone into their “Chip AI” trial without their consent. Chip then forced everyone (who were still within their free trial) into paying the subscription of £1.50 per 28 days by updating their T&Cs. Alternatively, customers can manually downgrade from “Chip AI” to “Chip Lite” but only earn 1.25% interests on up to £2,000. Chip has managed to make a simple product so convoluted. I am also worried that they are also misleading its customers with their bait advertising & automatically enrolling their customers into a higher plan. I will be closing my Chip account soon. Reviewed on: 10th March 2021

We are helping 1000s to make smarter financial decisions

We use the power of consumer reviews to help increase trust and transparency in financial services and to deliver industry leading insight and events.