Skip to content

Banks to refund Chipknip balances automatically in 2015

Published on:

Chipknip would end on 31 December 2014. Many consumers still had money on their Chipknip. Currence, the owner of the Chipknip brand, and its licensees therefore decided to refund the balances on active Chipknip cards to customers automatically in 2015.

Sign with Chipknip logo in red and orange on the facade at a payment point.

In mid-August, an estimated €70–80 million remained on Chipknip cards.

Until 1 January, consumers could refund their Chipknip balance themselves quickly and easily at a Chipknip loading point. This would no longer be possible in 2015, when the loading infrastructure would be shut down permanently. During 2014, cardholders were advised to visit a loading point: “Take your card to a loading point, press 1 and reduce your balance to zero.” The Chipknip balance would reach the cardholder’s payment account within two working days.

End of Chipknip

In a March 2013 press release, brand owner Currence announced that Chipknip would disappear as a payment method on 1 January 2015. Currence decided to discontinue Chipknip on the basis of market developments and after consulting market participants. This brought the Dutch electronic payment method to an end after 17 years. More information was available at www.chipknip.nl.

Related articles