Chip
7.2#3 in automated savings appsFrom £5.99 a monthFree planAndroidiOS
VisitChip vs Guac
What both publish
| Fact | Chip | Guac |
|---|---|---|
| Bank connection | Chip uses TrueLayer to connect a customer's current account through an Open Banking API. | Guac says it synchronizes transactions by connecting to a user’s checking account. |
| Headquarters | London, England, UK | Dana Point, California, United States |
| Savings goals | Customers can create savings goals, set a target amount and date, and allocate existing savings to a goal. | Users can create savings goals and rules for aims such as a trip, a car, groceries, or another future purpose. |
| Security | Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days. | Guac’s privacy policy says communications between a user’s device and Guac are encrypted. |
| Support | Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends. | The FAQ lists [email protected] and the phone number +1 (949) 992-5707. |
Chip plans
- BasicFree
- ChipX£5.99 a month
- Basic planFree
- ChipX plan£5.99 a month
Guac plans
- Free Version of AppFree
- Premium—
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 Guac if…
Guac suits people who want to save toward named goals using spending-linked savings and custom rules. It may also appeal to users interested in a savings Marketplace or side hustles, provided they are comfortable connecting a checking account and making withdrawals manually.