+£50
13 mins
Chase
£50 Free Cash•13 mins
£50 Free Cash
+£50What is Chase?
Chase is the UK digital banking arm of JPMorgan Chase, one of the world’s largest financial institutions. Their app-based current account offers cashback on spending, round-up savings, and no foreign transaction fees.
Chase has over 2 million UK customers and is one of the highest-rated banking apps available.
Launched
2021
Customers
2m+
Google Play
4.7 (114k)
★★★★★★
Key Terms
Profit
+£50
Credit checkSoft check
Deposit£1,000
Free cash£50
Free cash arrives1 days
Step by Step Guide
Chris's overview
Optional·1 min read
Chase is offering £50 free cash when you open an account using a referral code and deposit £1,000 within 30 days. The deposit can be spread across multiple transfers — it just needs to total £1,000 within the timeframe.
This is a straightforward offer. You’ll need the referral code shown below to enter in the Chase app after downloading. Once your deposits hit £1,000, £50 will be credited to your rewards balance. You can withdraw your money after that.
1
Sign up to Chase
8 mins
- Copy the referral code shown above and download the Chase app.
- Open a Chase current account through the app.
- Go to the Rewards section and enter the referral code to activate the offer.
- You must enter the code within 30 days of opening your account.
On desktop? Scan QR code on your phone
2
Deposit £1,000
3 mins
- Transfer a total of £1,000 into your Chase account within 30 days of opening.
- This can be across multiple deposits — they just need to add up to £1,000.
- You can withdraw the money after the bonus is paid.
3
Receive £50 free cash
2 mins
- Once you’ve deposited £1,000, Chase will credit £50 to your rewards balance.
- Transfer your rewards balance to your Chase current account or saver to access the cash.
Offer Complete
Done? Tick off each step above to see your total.
Chase Full Review
Completed the offer? Awesome! Here's our full review on why Chase could work well for you going forward.
Chase is the UK digital banking arm of JPMorgan Chase, one of the world’s largest financial institutions. Launched in the UK in September 2021, Chase offers a current account, savings accounts, and a cashback rewards programme — all managed through their highly-rated mobile app. With the backing of JPMorgan, Chase brings institutional-grade security to a modern, app-first banking experience. Their refer-a-friend programme offers one of the highest referral bonuses available.
Is Chase safe?
Chase is a trading name of J.P. Morgan Europe Limited, which is authorised and regulated by the Financial Conduct Authority (FCA). Your deposits are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS). As part of JPMorgan Chase & Co., one of the world’s largest banks, Chase UK benefits from decades of financial infrastructure and security expertise.
Who is Chase for?
Chase is ideal for anyone who wants a modern, app-based current account with genuine cashback on everyday spending. It’s particularly good for people who want a secondary account for spending and saving, with the reassurance of a major global bank behind it. The refer-a-friend bonus makes it an excellent option for anyone looking to earn extra cash.
Top Features
1
1% cashback on card spending
Earn 1% cashback on eligible debit card purchases for the first 12 months.
2
Round-ups savings
Automatically round up transactions and save the difference.
3
Instant payment notifications
Real-time alerts for every transaction on your account.
4
No foreign transaction fees
Use your Chase card abroad without additional charges.
Pros and Cons
Pros
- ✓Generous £50 sign-up bonus
- ✓Highly-rated mobile app (4.9 on App Store)
- ✓FSCS protected up to £120,000
- ✓No monthly fees
- ✓1% cashback on spending for first year
Cons
- ✗App-only banking (no branches or web portal)
- ✗Must deposit £1,000 to qualify for the referral bonus
- ✗Referral codes are single-use and limited to 5 per person
Chris’s Verdict
Chase is a strong everyday banking app with the reassurance of JPMorgan behind it. The £50 referral bonus is one of the most generous on the market. The £1,000 deposit requirement is significant but you can withdraw it afterwards — it just needs to hit your account within 30 days. Combined with the 1% cashback on spending, Chase is well worth opening as a secondary account.
