All you’re doing is giving them read only access and CPA (which many companies do). And as far as I’m aware, you can no longer set up a new payee to an account without receiving an OTP code... something that only you will have access to.
I was going to say the same thing. It’s all Open Banking and was government backed and has been running for a good few years now. Most banks have updated their terms and conditions to say it’s ok.
Chip have read only access so they can see and work out how much to save, with bank grade encryption. They see only and can not touch any money. There’s a direct debit set up to transfer savings and you can stop it if you want. Chip don’t hold any money. It’s held as emoney with barclays.
Obviously, not surprisingly, emma hasn’t explained how it works properly. She’s probably promoted it because shes being paid, not because she knows anything about it.
I signed up via another blogger when there was a £15 deal and have had no issues at all. I love the app and have saved over £100 without noticing, something I’ve not been able to do before. However they explained how it all worked properly so I was confident about signing up through them.