
Chip
7.2#3 in automated savings appsFrom £5.99 a monthFree planAndroidiOS
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| Fact | Chip | Tunzi |
|---|---|---|
| Headquarters | London, England, UK | Kigali, Rwanda |
| Security | Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days. | Tunzi describes its app security as bank grade; its privacy policy says internet transmission is not completely secure and Tunzi cannot guarantee data security outside its direct control. |
| Support | Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends. | The FAQ directs users to the in-app help button for WhatsApp support and lists [email protected] as a contact email. |
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.
Tunzi may suit adults in Rwanda who want to save toward personal or group goals using MTN mobile money. It is not for users under 18 or those unwilling to account for withdrawal fees.