Chase
£50 Free Cash
£50profit
13mins to complete
Offer overviewChris · Your personal guide
Chase is a digital bank offering an app-based current account with cashback, round-up savings and fee-free spending abroad.
You get:
£50 free cash. This is instantly credited once you meet the criteria.
Once credited, you can transfer the £50 free cash to your main bank account, should you wish.
To qualify:
Sign up using the below referral code. Transfer in £1,000 within 30 days (can be 4 x £250 back and forth).
Key terms
+£50
Credit checkSoft check
Deposit£1,000
Multiple transfers allowed (e.g. 4 x £250)
Free cash arrivesInstant
Once criteria met
Step by Step Guide
Start here
Sign up to Chase
8 mins
- 1Copy the referral code, then continue in the Chase app.
- 2Open a Chase current account through the app.
- 3Go 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.
Up next · 2 steps
Deposit £1,000
3 mins
- Transfer a total of £1,000 into your Chase account within 30 days of opening.
You don’t need to deposit it all in one go. For example, four transfers of £250 works just as well, as long as they add up to £1,000.
Space the transfers a day or two apart. Paying in the full amount in one go can sometimes trigger security checks at the bank you’re transferring from.
You can withdraw the money after the bonus is paid.
Receive £50 free cash
2 mins
- 1Once you’ve deposited £1,000, Chase will credit £50 to your rewards balance.
- 2Transfer your rewards balance to your Chase current account or saver to access the cash.
3 steps to £50
Quick review
Chase
Wondering whether Chase is worth it beyond the bonus? Here is our honest take.
An app-only UK bank from one of the world's biggest banking groups, built around a slick everyday account, a base-rate-linked saver and an in-app rewards programme. Quidsy has a live £50 free cash referral, which lands once you've opened the account and run a small deposit through. The catch sits in year two, when keeping the cashback gets harder.
CategoryQuick Wins
Last updated
Chris' verdictYour personal guide, QuidsyYes, for most people Chase is well worth having alongside your main current account. The £50 free cash referral is one of the easiest 10-minute wins I've come across, and the £1,000 you deposit to qualify isn't locked up: you can move it straight back out once the bonus has landed. So in practice you're getting £50 for opening an account, downloading the app and shuffling money around for half a morning.
After the bonus, Chase earns its keep as a second account in two ways. The 1% cashback on everyday spending in the first 12 months is genuine money back, up to £15 a month if you put your weekly shop through it. And the boosted savings rate for new customers is one of the better easy-access deals going right now, even though the variable rate will drift down if the Bank of England cuts.
The catch is year two. The cashback gets harder to hold onto (you need £1,500 paid in monthly to keep it), and the savings boost ends. Treat Chase as a strong first year and then re-evaluate. For the time it takes to open, it's an easy yes.
