Chip
7.2#3 in automated savings appsFrom £5.99 a monthFree planAndroidiOS
VisitChip vs Goin
What both publish
| Fact | Chip | Goin |
|---|---|---|
| Automatic saving | Chip analyses income and spending habits to calculate what a customer can afford to save and move money automatically; each autosave costs 45p unless the customer has ChipX. | Saving methods include expense round-ups, regular contributions, habit-based saving and saving a percentage of income. |
| Bank connection | Chip uses TrueLayer to connect a customer's current account through an Open Banking API. | Users can connect any bank or card through PSD2. |
| Headquarters | London, England, UK | Barcelona, Spain |
| Security | Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days. | Goin says data is encrypted with 256-bit TLS and money is held by Easy Payments and Finance E.P.S.A., registered with the Bank of Spain under code 6849. |
| Support | Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends. | The listed support email is [email protected]. |
Chip plans
- BasicFree
- ChipX£5.99 a month
- Basic planFree
- ChipX plan£5.99 a month
Goin plans
- GoinFree
- Goin Pro€1.33 a month
Pick Chip if…
Chip suits people who want savings goals and investment products managed through one app. It may also suit customers who want automatic saving, provided they account for the 45p charge per autosave on Basic.
Pick Goin if…
Goin may suit people who want to combine automated saving, crypto investment options, and shopping rewards in one app. Its browser extension is for Chrome users seeking offers across participating brands.