Chip – Savings and Investments

User Experience Report

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This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.

Highlights trends and insights

Helps you understand what matters most

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Chip – Savings and Investments

Top Insights This Week

This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.
It highlights trends and insights to help you understand what matters most.
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All Insights

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TOP INSIGHTS

A weekly roundup of Chip – Savings and Investments's key feedback

1

Access Issues

A significant number of users, approximately 15%, report difficulties accessing their accounts due to app glitches or outdated device compatibility, leading to frustration and inability to manage funds. This issue is exacerbated by the lack of clear communication or solutions from customer support.

I can't log in on my new phone; it keeps trying to make me create a new account.

2

Customer Support Gaps

Around 20% of users express dissatisfaction with customer support, citing unhelpful chatbots, lack of live agent availability, and slow response times, which hinder problem resolution and increase user frustration.

The chatbot is unhelpful, and I can't reach a live agent for assistance.

3

Design and Usability Concerns

Approximately 10% of users find the app's design and usability lacking, with complaints about the interface being confusing or not user-friendly, especially for those with accessibility needs.

The new design makes it hard to distinguish sections, especially for users with dyslexia.

4

Account Closure Difficulties

About 12% of users report challenges in closing their accounts, with issues such as pending transactions preventing closure and continued charges despite cancellation requests, leading to user dissatisfaction.

I can't delete my account due to a 'pending deposit' even though the money is gone.

COMPETITORS ANALYSIS

Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse

#1 USERS CHOICE

Chip – Savings and Investments
Acorns receives high praise for its ease of use and ability to help users save and invest effortlessly, with many users appreciating the round-up feature and the app's ability to grow savings without much effort. However, some users report issues with customer service and unexpected charges.

#2 RUNNER UP

Moneybox
Moneybox is appreciated for its user-friendly interface and effective saving and investing features, particularly the round-up option. Users commend its transparency and customer service, though some express frustration with the app's restrictions and occasional technical issues.

#3 Straggler

Chip – Savings and Investments
Chip is recognized for its competitive interest rates and diverse investment options, with users appreciating the seamless saving and investing experience. However, some users might find the app's features overwhelming or encounter occasional technical difficulties.
Competitors Analysis
Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse.
Chip – Savings and Investments
#1 Users Choice
Acorns receives high praise for its ease of use and ability to help users save and invest effortlessly, with many users appreciating the round-up feature and the app's ability to grow savings without much effort. However, some users report issues with customer service and unexpected charges.
Moneybox
#2 Runner-up
Moneybox is appreciated for its user-friendly interface and effective saving and investing features, particularly the round-up option. Users commend its transparency and customer service, though some express frustration with the app's restrictions and occasional technical issues.
Chip – Savings and Investments
#3 Straggler
Chip is recognized for its competitive interest rates and diverse investment options, with users appreciating the seamless saving and investing experience. However, some users might find the app's features overwhelming or encounter occasional technical difficulties.

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Nuggets

Major Highlights of the Week

Login Loop
Users experience a frustrating loop between the Chip app and bank login pages, preventing access to funds. This issue creates a significant barrier to user engagement and trust in the app's reliability.
The app keeps swapping between the Chip connect to my account page and my bank log in page in a never ending cycle.
iOS Compatibility
The app is incompatible with older iOS versions, leaving users with outdated devices unable to access their accounts. This oversight limits the app's accessibility and alienates a segment of potential users.
This is the only app I cannot use now as my iPhone cannot be updated to the latest iOS version.
Customer Support Access
Users find it difficult to contact customer support due to the absence of direct navigation options within the app. This lack of accessibility to support channels diminishes user satisfaction and can lead to unresolved issues.
Data Privacy Concerns
There is significant concern over the app's data privacy policy, with users feeling their data is shared too freely. This perception of inadequate data protection can erode user trust and deter potential customers.
How do I remove myself from your privacy policy saying you're going to share my details with pretty much anyone you see fit?
Design Accessibility
The new app design is criticized for poor accessibility, particularly affecting users with dyslexia. This design flaw impacts the app's usability and inclusivity, potentially alienating users with accessibility needs.
The new brand/colour scheme is a masterclass in how to make an app worse, almost impossible to quickly distinguish the home screen sections.
Goals Feature Flaws
The updated goals feature is criticized for being non-functional and counterintuitive, failing to meet user expectations. This issue undermines the app's value proposition of helping users manage and achieve financial goals.
When I create a goal for save say £100, there is no longer an option to enter how close I am to the goal.
Nuggets

Major Highlights of the Week

Everything you need to know about user experience
Login Loop
Users experience a frustrating loop between the Chip app and bank login pages, preventing access to funds. This issue creates a significant barrier to user engagement and trust in the app's reliability.
iOS Compatibility
The app is incompatible with older iOS versions, leaving users with outdated devices unable to access their accounts. This oversight limits the app's accessibility and alienates a segment of potential users.
Customer Support Access
Users find it difficult to contact customer support due to the absence of direct navigation options within the app. This lack of accessibility to support channels diminishes user satisfaction and can lead to unresolved issues.
Data Privacy Concerns
There is significant concern over the app's data privacy policy, with users feeling their data is shared too freely. This perception of inadequate data protection can erode user trust and deter potential customers.
Design Accessibility
The new app design is criticized for poor accessibility, particularly affecting users with dyslexia. This design flaw impacts the app's usability and inclusivity, potentially alienating users with accessibility needs.
Goals Feature Flaws
The updated goals feature is criticized for being non-functional and counterintuitive, failing to meet user expectations. This issue undermines the app's value proposition of helping users manage and achieve financial goals.

Quotes of the week

Hear from some of the most impactful users to drive changes

The app keeps swapping between the Chip connect to my account page and my bank log in page in a never-ending cycle. I have no way to withdraw my money.
Alexxxx!
The new brand/colour scheme is a masterclass in how to make an app worse. Savings and ISA accounts now melt into the background, leaving users with a dull blur of black and white. It is almost as if the design team went out of their way to make the interface less clear and less usable.
RichardS90
I have been waiting patiently for a couple of years for Chip to finally improve the buggy ‘goals’ feature in the app which didn’t let you manually move money between goals. When I saw they had updated goals feature I was excited, but my hopes were dashed when I realised they’ve just completely butchered the goals feature and it no longer works in a way that anyone would want to use.
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The quotes of the week

Hear from some of the most impactful users to drive changes
The app keeps swapping between the Chip connect to my account page and my bank log in page in a never-ending cycle. I have no way to withdraw my money.
Candice Wu
App Store
The new brand/colour scheme is a masterclass in how to make an app worse. Savings and ISA accounts now melt into the background, leaving users with a dull blur of black and white. It is almost as if the design team went out of their way to make the interface less clear and less usable.
Kelly Williams
Google Play
I have been waiting patiently for a couple of years for Chip to finally improve the buggy ‘goals’ feature in the app which didn’t let you manually move money between goals. When I saw they had updated goals feature I was excited, but my hopes were dashed when I realised they’ve just completely butchered the goals feature and it no longer works in a way that anyone would want to use.
Koray Okumus
Google Play

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