Chase Bank offers: Get £20 for signing up

You can now get a bonus for signing up via a refer-a-friend link – and earn up to £400 on top.

If you’re thinking of signing up to Chase Bank then this offer is a great little extra of £20 on top of 1% cashback and 1.5% on savings. Plus existing customers can earn up to £400 by referring their friends. Here’s what you need to know.

What is Chase Bank?

Chase Bank launched in the UK in September 2021. It’s an app-only bank, similar to how Monzo and Starling work.

Until now the main incentive to get the account has been 1% cashback on most purchases for 12 months. There’s also 1.5% AER interest on savings up to £250,000 and 5% interest on round-ups.

Overall it’s a strong package, with a decent app. Here’s my full review, and here’s my comparison with Monzo and Starling.

How to get £20 for joining Chase

The welcome deal launched in May 2022. There’s no set end date as yet. It’s not a switching offer – you simply need to open an account and follow a few steps.

£20 for joining Chase Bank

To get the £20 for joining you need to be a new customer and not had the current account at all since it launched.

You’ll then need to download the app and apply for an account. You’ll need a photo ID such as a passport or driving licence. It might take 24 hours for the account to be approved.

Once the account is open, you need to activate the offer. You’ll do this in the ‘Rewards’ section of the app, which you’ll find by scrolling down to the bottom of the home page. Click the offer and enter a referral promo code. You can get this from a friend or use giAU2V7D.

Then pay in at least £20 to your Chase account within 30 days. It’s not clear how soon you’ll get the £20, but presumably it’s either as soon as you add £20 to the account or after 30 days of opening the account.

Once it is paid it’ll go into your Reward account. To use it you’ll need to transfer it to your main account. You can then spend it via the Chase debit card, move it to an interest paying Chase savings account or transfer it to an external account.

You have 14 days after opening the account to enter this code, and this includes people who opened an account prior to the refer-a-friend offer on 11 May 2022.

How do you earn money as an existing customer?

Seeing as this is a refer-a-friend scheme, it’s possible for all existing Chase customers to also receive cash for every friend they get to join. It’s the same £20 credit per referral.

You can refer as many people as you like, but you’ll only earn money on the first 20 new customers, totalling £400.

Earn up to £400 through referrals

To find your referral code you need to scroll to the ‘Rewards’ section of the Home page of the Chase app. You’ll see the offer listed. Click on this, read the terms and then click ‘Get Started’ to activate the offer.

This will give you access to your unique code which you can share with friends and family. You can share the link that includes the code or just send the code.

To find the link later you’ll need to select ‘Active offers’ (the page defaults to ‘Latest offers’).

You’ll see activity and progress appear in the Rewards section.

My top deals

Here are a few ongoing and recent offers you might have missed:

Banking offers

Savings & investing offers

Cards and bills deals

Shopping vouchers and other deals

Entertainment deals

Food and drink offers

13 thoughts on “Chase Bank offers: Get £20 for signing up

  1. Hello, I downloaded the app and am in the process of opening my account. Where do I add the promo code?

    1. Once the account is open, go to the Rewards section and you’ll see an option to activate the offer , enter the code and top up by £20

  2. I completed referal and the £20 referal award has been “completed” but its not yet in my account which is strange? Maybe Monday?

  3. I must be too tired for this but when I signed up there wasn’t an option to enter a referral code? It just asked for identity details and now it says it may take up to 24 hours to check the details of my application so assume the application stage is complete. Does that mean I don’t get the £20 for signing up? 🙁

    1. If it didn’t show there’s an option in the “rewards” part of the Chase app to manually enter a code

  4. No use if oldie like me with no mob ile

  5. Hi, there’s a typo in your Chase Bank referral code. Instead of “HVUjcBCO”, it should be “HVUjcBUO” as per the link.
    On a related note, managed to make use of it yesterday for an instant payout of the £20 so thank you!

    1. Thanks! Fixed

  6. Hi Andy, this morning I got an email from Revolut saying it is now £50 for referring a friend until the end of May!

    1. Sadly the new users doesn’t get anything and has to pay £5 to get a physical card!

      1. I’ve got my £20 for signing up to Chip, now going to do Chase! Thanks for a brilliant newsletter!!

  7. Thank you Andy. Really enjoy reading your weekly newsletter. Your work is very much appreciated x

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