Chip
7.2#3 in automated savings appsFrom £5.99 a monthFree planAndroidiOS
VisitChip vs PayDay
What both publish
| Fact | Chip | PayDay |
|---|---|---|
| Headquarters | London, England, UK | Auckland, New Zealand |
| Security | Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days. | PayDay says it never stores bank passwords and encrypts data with 256-bit AES in transit and at rest. |
| Support | Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends. | PayDay says its support team is based in New Zealand and provides a contact form for questions and feedback. |
Chip plans
- BasicFree
- ChipX£5.99 a month
- Basic planFree
- ChipX plan£5.99 a month
PayDay plans
- FreeFree
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 PayDay if…
PayDay is designed for New Zealanders, including salaried workers, people with variable shift income, and contractors or self-employed people. It may suit users whose bank is among the supported institutions and who want rules-based pay splits.