Chase Bank UK referral code: get £50 when you fund a new account
Chase’s Refer a friend offer can give a new eligible UK customer £50 after they open a Chase account, activate a valid referral in the Chase app and meet the funding requirement. The current referral code supplied for this offer is 4E2WRY. The reward is not an upfront discount or a switching incentive: it is paid into the Chase rewards balance once Chase confirms that every condition has been met.
That distinction matters. Chase’s published terms say the code must be linked in the Rewards section of the app and that at least £1,000 in total must be deposited into a Chase account within 30 days of opening the first Chase account. The £1,000 does not have to arrive as one payment and, in Chase’s own example, a customer may deposit £500, spend £250, then deposit another £500 within the window. What counts is the total amount paid in during the 30 days, not maintaining a £1,000 balance throughout.
The account itself is a free, app-based UK current account from Chase, the trading name of J.P. Morgan Europe Limited. Beyond the referral, its headline ongoing feature is 2% cashback, capped at £20 a month, on selected everyday debit and credit card spending. That cashback has separate qualification conditions, so do not confuse it with the one-off £50 referral reward. This guide separates the two, sets out the practical order of actions and highlights the official terms worth checking before you apply.
Referral code: 4E2WRY
New-customer reward: £50 paid to the Chase rewards balance after all referral conditions are satisfied.
Funding requirement: deposit a total of at least £1,000 into a Chase account within 30 days of opening your first Chase account.
Important warning: only use it if depositing £1,000; if invalid/already used/not working, contact contact@referandsave.co.uk for a replacement before completing the application; deposit £1,000 within 30 days to receive the £50 bonus.
Chase referral offer at a glance
| Detail | What to know |
|---|---|
| Referral code | 4E2WRY |
| Reward for an eligible new customer | £50 credited to the Chase rewards balance |
| How to activate | Open the Chase app, select the Refer a friend offer in Rewards, enter the code and link it within 30 days of opening your first Chase account |
| Qualifying funding | Deposit at least £1,000 in total into a Chase account within 30 days of opening the first account; multiple deposits may be combined |
| Who can apply | Eligible new Chase customers aged 18+ who live and are tax-resident in the UK, have a UK mobile number and meet Chase’s other account criteria |
| Account fee | Chase describes the standard current account as free |
| Referral-code limit | Each code is single-use; an already linked or used code cannot be reused |
| Reward destination | Rewards balance; transfer it to a Chase current or saver account before leaving Chase or it will be lost |
| Offer availability | Chase may change, suspend or end the promotion; the app and live terms are authoritative |
How to use code 4E2WRY: practical steps
- Check that you can complete the funding requirement. This referral is only useful if you can deposit a cumulative £1,000 within 30 days of opening your first Chase account. It is not necessary to borrow money or keep money in the account solely for this offer. Decide whether the account and the funding requirement suit your circumstances before starting.
- Confirm your basic eligibility. Chase says applicants must be at least 18, resident and tax-resident in the UK, have a smartphone and UK mobile number, and meet its credit-history criteria. Chase performs a soft credit search for this check. The referral terms also exclude people who applied to join Chase before 3 December 2025.
- Download the official Chase app and apply for a current account. Complete identity and account checks using Chase’s own app. This article does not replace the information, permissions or account terms shown in the application.
- Find Refer a friend in the app’s Rewards section. Chase’s terms say a referee must select the offer in the Rewards section, submit the code they received and link with the referrer to activate the offer. Enter 4E2WRY only if the app presents the offer and accepts it. Do not assume a code can be added retrospectively.
- Activate the referral within the deadline. The code must be used to activate the offer within 30 days of opening your first Chase account. A referral code is designed for one referee only, so an error message can mean it has already been used.
- Fund your Chase account by at least £1,000 in total. Make qualifying deposits into a Chase account during the same 30-day period. Chase explicitly permits the total to build over multiple deposits. Keep a record of the deposits and the account-opening date so you can verify your progress.
- Keep the qualifying account and Rewards feature open until payment. Chase says neither the referee nor referrer should close their last Chase account or deactivate Rewards before the award is paid. When eligible, the £50 is credited to your rewards balance.
- Move the reward from the rewards balance when ready. Chase says the balance must be transferred to a Chase current or saver account and redeemed before you leave Chase; otherwise it is lost. Check the app for the available transfer option and the latest reward status.
If the app says the referral is unavailable, do not continue on the assumption that it will be fixed later. Chase’s terms make clear that each code is single use and tell a referee to contact the referrer for another code when the shared code has already been used. ReferAndSave’s replacement route is included in the warning above; final acceptance remains Chase’s decision.
Who is eligible for the £50 Chase referral?
The referral is intended for a potential new Chase customer, not someone who already banks with Chase or has already applied before the date stated in the offer terms. In addition to Chase’s normal current-account eligibility, the specific Refer a friend terms require the referee to open a Chase account in the app, link a referral code in Rewards within the deadline and deposit the required amount.
- Age and residence: applicants need to be 18 or older, UK residents and UK tax residents. A smartphone and a UK mobile number are also required.
- New-customer condition: the referral terms state that the referee must not have applied to join Chase prior to 3 December 2025. If you have any past application history, ask Chase rather than relying on an assumption.
- Code and timing: the app must accept the single-use code and the referral must be activated within 30 days of opening the first Chase account.
- Funding: at least £1,000 must be deposited in total within 30 days. The terms allow accumulated deposits, so this is a total-inflow test rather than a requirement to leave exactly £1,000 untouched.
- Account and rewards status: do not close your last Chase account or turn off Rewards before the award is paid.
- Staff restrictions: special exclusions apply where a JPMorgan Group staff member refers another staff member or a client known through the staff member’s business relationship.
Meeting these points does not guarantee that every application will be accepted. Chase retains its usual account-opening criteria, and the offer can be changed, suspended or ended. Read the in-app wording shown to you and the live referral terms before relying on the £50.
What you get with the Chase UK current account
The referral reward should be a bonus, not the sole reason to open a bank account. The useful question is whether Chase still fits your everyday banking after the first £50 has been paid. The following features are taken from Chase’s current UK product pages and may change.
Free current account and app-based management
Chase markets its UK current account as free. It is managed through the Chase app, where customers can view spending insights, contact support and open extra current accounts without a stated fee. Those extra accounts can be useful for separating regular bills, travel spending or a short-term savings goal without opening accounts with several different providers. Chase also supports Apple Pay and Google Pay for compatible devices.
For people switching their main account, Chase offers the Current Account Switch Service in the app. Chase says the service can move regular payments, Direct Debits and standing orders in seven days. As with any switch, verify which account is being moved, review future-dated payments and keep enough money available until the switch is complete.
2% cashback: a separate ongoing reward
Chase currently advertises 2% cashback up to £20 a month on eligible debit and credit card purchases at groceries, restaurants, cafés, takeaways, everyday transport, fuel and public electric-vehicle charging points. It can apply to online or in-store eligible card spending, but it is not paid on every type of transaction and it is not a reward for Direct Debits or bank transfers.
The qualification for this ongoing cashback is separate from the referral funding. To qualify in one month, Chase says you must make at least 15 payments using a Chase debit card, credit card and/or Direct Debits, and maintain at least £1,000 across Chase saver accounts throughout that month, excluding round-up accounts. Standing orders, refunds, bank transfers and other transactions do not count toward the 15-payment threshold. If you qualify, cashback on eligible card purchases is earned in the following month and paid to the rewards balance. In other words, a £1,000 deposit for the referral does not automatically establish ongoing cashback eligibility unless the money is held across eligible saver accounts for the relevant month and the other conditions are met.
Spending abroad and everyday card use
Chase says it adds no transaction fees or mark-ups of its own when you use the card at home or abroad; its currency converter uses the Mastercard exchange rate. This can be attractive for travel, but the exchange rate still moves and a merchant or cash machine may offer a separate dynamic currency conversion option. Paying in the local currency is commonly the clearer way to allow the card-network rate to apply. Check Chase’s latest account terms and any third-party charges before withdrawing cash or travelling.
Saver accounts and round-ups
Eligible Chase customers can open saver accounts in the app. The saver account is easy access: Chase says there are no fees or charges from it for withdrawing, while a maximum daily external transfer limit of £25,000 applies. Interest is variable, calculated daily and paid monthly, so the rate shown when you open an account can differ from any historic rate quoted in an article. Chase’s saver page also says customers can create up to 10 saver accounts.
A separate round-up account can round debit-card spending to the nearest £1. Chase currently advertises 5% AER variable interest on round-up savings, paid monthly, with the balance transferred to a chosen Chase current or saver account on the anniversary of account opening. Round-up balances are expressly excluded from the £1,000 saver-balance test for the 2% cashback programme.
Support, regulation and security
Chase offers 24/7 in-app support and says app contact instantly verifies the customer and fast-tracks security. The UK account is offered by J.P. Morgan Europe Limited, which Chase states is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 124579). Eligible deposits with UK-authorised banks are generally protected by the Financial Services Compensation Scheme up to the applicable limit; confirm the provider and protection details in Chase’s current account information if this is material to you.
Benefits and limitations to weigh up
| Potential benefit | Important limitation or check |
|---|---|
| £50 referral reward for an eligible new customer | You must activate a valid single-use code and deposit £1,000 in total within 30 days; the offer is not permanent |
| Free app-based current account | It suits people comfortable banking primarily on a smartphone rather than in a branch |
| 2% cashback up to £20 per month | Only selected card categories qualify, and there are separate monthly payment and saver-balance conditions |
| No Chase transaction fees or mark-ups stated for card use abroad | Third-party cash-machine fees and merchant currency-conversion choices can still affect the cost |
| Extra current accounts, saver accounts and round-ups | Savings rates and product terms are variable or subject to change; do not open solely on a historic rate |
| Current Account Switch Service available in-app | Check all Direct Debits, salary details and scheduled payments before moving a main account |
For someone who can comfortably fund the account and wants a mobile-first secondary or main current account, the referral can be a straightforward £50 enhancement. It is less compelling if meeting the £1,000 funding condition would require borrowing, if you cannot use a smartphone, or if you prefer face-to-face branch banking. A one-off reward should never override the choice of an account that is reliable and appropriate for your wider financial needs.
Key referral terms in plain English
Chase’s official terms take precedence over this summary. The offer is for eligible existing Chase customers who are invited to refer and for potential new UK customers who meet the referee conditions. The referring customer can generate up to five codes in the Rewards section of the app, and each code can link to one referee. A code cannot be recycled simply because the linked referee later fails the requirements.
For a new customer, the critical actions are to open the account, find and activate the offer in Rewards with the code within 30 days, and deposit a cumulative £1,000 within 30 days of opening the first account. Chase credits the reward when the conditions are met, but it can vary, suspend or end the offer and may reverse rewards where it reasonably suspects abuse or a breach. The £50 is paid into the rewards balance, not necessarily straight into the spending balance, and should be transferred to a Chase current or saver account before leaving Chase.
There is also a practical code-quality issue. Chase says it is the referrer’s responsibility to ensure a shared code has not been shared elsewhere, and that a referee with an already-used code needs to ask the referrer for a new one. This is why the code should be entered and confirmed before relying on it as part of the application journey. Keep the in-app confirmation and use the official Chase terms if any wording in the app differs from this guide.
Chase referral FAQs
What is the Chase Bank UK referral code in this offer?
The code is 4E2WRY. Referral codes are single use under Chase’s terms. Enter it only in the Chase app’s Rewards section when the Refer a friend offer is available to you, and make sure the app confirms that the referral has linked.
How much is the Chase referral bonus?
Chase’s published Refer a friend terms state that an eligible referee and referrer each receive £50, credited to their respective rewards balances. The offer can be changed, suspended or ended, so check the live app and terms before applying.
Do I need to deposit £1,000 in one payment?
No. Chase says the £1,000 can be accumulated across multiple deposits within 30 days of opening the first Chase account. Its example allows £500 to be deposited, £250 spent, and a further £500 deposited, provided total deposits within the window are at least £1,000.
Do I have to leave £1,000 in the account to receive the referral reward?
The referral terms describe a total-deposit requirement rather than a requirement to maintain a £1,000 balance. This differs from the separate 2% cashback conditions, which require a £1,000+ balance across eligible Chase saver accounts throughout a qualifying month. Always follow the version of the terms shown in your app.
When should I enter the Chase referral code?
Chase says a new customer must select the offer in the Rewards section and use the code to activate it within 30 days of opening their first Chase account. Because codes are single use, confirm that the app has accepted it before assuming it will be applied later.
What if code 4E2WRY says it is invalid or already used?
Do not assume Chase can add a referral retrospectively. The official terms say a referee who finds that a code has already been used needs to contact the referrer for a new code. For this listing, contact contact@referandsave.co.uk for a replacement before completing the application; Chase’s eligibility and approval remain decisive.
Can an existing or previous Chase applicant get the referral bonus?
Usually no. The published terms require a potential new customer who has not applied to join Chase before 3 December 2025, as well as the other conditions. If you have had a previous application or account, check with Chase rather than relying on this guide.
Is the £50 referral bonus the same as Chase’s 2% cashback?
No. The £50 is a one-off referral award. The 2% cashback is an ongoing reward on selected debit and credit card spending, currently capped at £20 per month, and it has separate requirements: 15 qualifying monthly payments and a £1,000+ balance across eligible saver accounts throughout that month.
Where is the reward paid and how can I use it?
Chase pays an eligible referral reward to the rewards balance. Chase says you need to transfer that balance to a Chase saver or current account and redeem it before leaving Chase; otherwise it will be lost.
Is Chase a regulated UK bank?
Chase is a trading name of J.P. Morgan Europe Limited. Chase states that J.P. Morgan Europe Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, with Financial Services Register number 124579.
Verdict: useful if the account and £1,000 funding requirement fit
For an eligible person who is already considering Chase and can fund the account with £1,000 within 30 days, the £50 Refer a friend reward is a clear extra benefit. The key is process discipline: apply through the official app, activate a valid code in Rewards, record the opening date, make the required deposits and keep the account and Rewards feature active until payment. After the referral has been completed, Chase’s app controls, extra accounts, travel-friendly card pricing and potential cashback may give the account ongoing value.
However, the offer is not an excuse to stretch your budget, borrow funds or ignore the terms. Read the live Chase terms, use the account only if it suits you, and treat any feature, rate or promotion as subject to change.
