Do you have a problem saving up for your dream car? Do you always end up spending the money after months of dedicated savings? If this has happened to you, you’ve probably tried various savings options, maybe even a saving box but ended up breaking it long before it was due. You may have also given up on your dreams and goals because you’ve been able to save up enough money to achieve your goals. Have you considered other means of saving? Perhaps an app or site or organization that encourages strict saving habits. Numerous platforms offer such services and can help you save up money for your long term goals like buying a car or a house or starting your business. One such example is Chip. Don’t forget to make research and read honest customer reviews about Chip before investing your money with them.
Chip is a marketing name under Chip Financial Limited and is registered by the Financial Conduct Authority under the 2017 Payment Service Regulations. However, Chip offers its customers access to savings accounts with partner banks that are authorized by the UK Government. They also offer access to e-money wallets but only with e-money providers with a UK authorization. Chip also claims to be a growing team of data scientists, designers, developers, writers, marketers, and entrepreneurs among many others. According to them, they are the future of savings and they aim to help everyone feel confident about their money automatically.
1. Introduction, Financial Terms and Concepts
Products and services of Chip
Chip offers its clients an easy savings platform by allowing them to easily connect to their bank in quick and easy steps. After the bank connection is established, Chip athletically saves the money their clients won’t miss; in other words, the chip automatically saves a small amount of money from your bank account but the speed and amount can be regulated by the user. The platform also provides its clients with the opportunity to set goals and keep up with their savings to help them achieve their goals. Furthermore, Chip provides investment platform where their clients can earn market leading interests daily. Their app is available for download from the play store or App Store and their services are available 24 hours every day. Chip claims they always like their clients to note that they may be out of service occasionally for updates and maintenance of the app and software.
Compliments, complaints, and tips for Chip
Have you downloaded the Chip app? How has your savings journey been since you started using the chip platform? Are you satisfied with the services they provide? If yes, what would you rate the company on a scale of 1 to 10? Would you recommend the app to friends, colleagues, family members, or neighbours? Do share your saving journey with Chip in the comment section, we’d love to read them. Are there things you think they should implement, improve, or change? Feel free to drop your experiences and feedback for Chip in the comment section.
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