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US citizens in the UK · Institutions

Which Chip accounts accept US citizens

Last checked

Chip has been checked for US citizens across 4 account types. 1 is open to a US person and 3 are closed.

If you already have an account with Chip, a second one there is usually the easier application, because Chip has already checked who you are. Each account below carries its verdict, the evidence behind it and the date it was checked.

At a glance

Account Verdict Last checked
Savings accounts Opens
Cash ISAs Skip
Stocks & shares ISAs Skip
Brokerage accounts Skip

Savings accounts

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Opens

Chip opens its savings accounts to any UK tax resident aged 18 or over, with no US-person bar; the 'tax only in the UK' rule that blocks its cash ISA does not apply here. The US taxes the interest as ordinary income.

FSCS £120,000 via ClearBank · app-only

Account Terms The catch
Easy Access Saver
Access
Easy access
Rate
3.81% AER, tracker
Then
3.50%
Max
None stated
Rate as of
 Boosted for 12 months, then tracks 0.30% under base rate; three penalty-free withdrawals a year.
Instant Access Account
Access
Easy access
Rate
3.51% AER, tracker
Then
3.00%
Max
None stated
Rate as of
 Boosted for 12 months, then tracks 0.79% under base rate; unlimited access.

Source: Chip Instant Access savings, 2026-08-09 Last checked Chip's own page

Cash ISAs

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Chip requires you to pay tax only in the UK, so it will not open its cash ISA for a US person. The wrapper gives a US person no relief anyway, since the IRS taxes the interest as ordinary income.

Source: Chip Financial / ClearBank Cash ISA Key Features, 2024-04-05 Last checked Chip's own page

Stocks & shares ISAs

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Another split between documents. Chip's ISA key features ask only whether you are 18 and UK resident, while the platform terms carry the real test: it can provide the platform only if you are not a US person, and it reserves the right to close the account once you stop meeting that. No individual shares are offered, so the whole range is PFICs anyway.

FSCS £85,000 · Seccl is the ISA manager · app only

Source: Chip investment platform terms, clause 5.2, 2026-08-17 Last checked Chip's own page

Brokerage accounts

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Chip has chosen not to accept US persons, or anyone not solely UK tax resident, as customers. The forward-looking clause is the worse half: if you later become a US person you must tell Chip and the account will need to be closed, which lands on someone who naturalises years after opening.

FSCS £85,000 · custody with Seccl · app only

Source: Chip group terms of business, April 2026, read 2026-08-17 Last checked Chip's own page

Account names link to the provider's own site. momo has no active affiliate partnerships; if that changes it will be disclosed and will never change a verdict. Every institution, A to Z.

Confirm your own position with a cross-border specialist. Acceptance policies and tax rules change, and your facts may differ from the general case. Rates and terms here are the provider's published figures rather than an offer, and the provider decides each application on its own criteria. Use this as a map, not a ruling. Last checked .
Tax

FATCA

FATCA makes UK banks report accounts held by US persons to the IRS. It is not a tax; it is a reporting trail. Where it bites is access.

 Tax

ISA US tax

The IRS does not recognise the ISA wrapper. Cash ISA interest and stocks ISA gains are taxable on your US return, and fund holdings drag in PFIC rules.

 Tax

PFIC

Almost every UK-domiciled fund is a PFIC, taxed by the US at punitive rates with heavy filing. This is why US citizens hold individual shares, not UK funds.

 Tax

FBAR

If your foreign accounts top $10,000 combined at any point in the year, you file an FBAR. What counts, when it is due, and what happens if you miss it.