Chip vs Qapital
Chip
getchip.uk
Qapital
qapital.comSide by side
| Figure | Chip | Qapital |
|---|---|---|
| Price from | £5.99/mo | $3/mo |
| Free plan | Yes | — |
| Free trial | Yes | Yes |
| Open source | — | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 4 | 3 |
| Spec score · Savings Apps | 8.4 (#4) | 7.7 (#7) |
| Spec score · Automated Savings Apps | 8.3 (#6) | 7.7 (#14) |
| Headquarters | London, England, UK | New York, NY, United States |
| Security | Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days. | Qapital says it uses SSL and TLS encryption, multi-factor authentication, regular server vulnerability scans, and identity protections including passcode and fingerprint access. |
| Support | Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends. | Qapital lists [email protected] for security questions and says Complete’s annual plan includes faster access to live agents and priority support. |
Plans
In their own words
Chip
Chip is a savings and investment app for Android and iOS, bringing savings accounts and investment funds together for people building long-term wealth. Customers can create goals with target amounts and dates, then assign existing savings to them. The app can analyse income and spending to estimate what a customer can save and move money automatically. Each autosave costs 45p unless the customer has ChipX. Available products include savings accounts, a Smart Cash ISA, a Stocks & Shares ISA, a General Investment Account and a personal pension. Chip connects current accounts through TrueLayer and an Open Banking API; Chip says permissions are re-authenticated every 90 days. Basic is free, with autosaves at 45p each and a 0.25% annual investment platform fee. ChipX costs £5.99 every 28 days and includes unlimited autosaves and no platform fees. Eligible ClearBank savings deposits may receive FSCS protection up to £120,000 across ClearBank accounts, subject to eligibility. Eligible investment claims may qualify for up to £85,000, excluding investment performance.
Qapital
Qapital combines automated saving, investing, budgeting, and debt management in Android and iOS apps. Users create personalized savings goals, monitor progress, and select from more than 15 automatic saving methods. Investment recommendations use a target amount, timeline, and risk level, with automatic contributions available. Budgeting tools divide paycheck portions among expenses, savings, investments, and spending; settings can be changed or deposits paused. Dream Team lets partners share goals and choose whether to share balances and transaction histories. Plaid links external bank accounts and credit cards. Plans are Basic at $3 a month, Complete at $8 a month, and Premier at $12 a month, all billed monthly. A 30-day trial costs $0, after which Qapital deducts the membership fee when a bank account is connected. Security features include SSL/TLS encryption, multi-factor authentication, vulnerability scans, and passcode or fingerprint access.