Chip vs Revolut Business
Chip
getchip.ukRevolut Business
revolut.comSide by side
| Figure | Chip | Revolut Business |
|---|---|---|
| Price from | £5.99/mo | £10/mo |
| Free plan | Yes | — |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | — | Yes |
| Plans published | 4 | 9 |
| Spec score · Savings Apps | 8.4 (#4) | 8.5 (#3) |
| Headquarters | London, England, UK | London, United Kingdom |
| Security | Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days. | Security features include biometric checks, a security control centre, 24/7 transaction monitoring, two-factor authentication for sensitive transactions, and 3D Secure. |
| Support | Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends. | All listed plans include 24/7 English support by chat; Enterprise additionally includes an account manager. |
| What it does | Chip offers savings accounts and investment funds in one app to help customers build long-term wealth. | Revolut Business is an all-in-one business finance account for payments, multi-currency money management, cards, expenses and analytics. |
Plans
Revolut Business
- Basic£10 a month
- Basic£10 a month
- Grow£30 a month
- Grow£35 a month
- Scale£90 a month
- Scale£125 a month
- Grow annual£360 a year
- Scale annual£1,080 a year
- EnterprisePriced on request
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.
Revolut Business
Revolut Business has no write-up on Specifiction yet; its figures are above.