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Understanding Group Size Limits on Chippit
Understanding Group Size Limits on Chippit
Written by Josh
Updated over a week ago

In this article, we will discuss the limits on group size within our app. Chippit is designed to facilitate peer-to-peer financial pooling and credit access in a structured and secure manner. Understanding group size limits is essential for optimizing your experience and achieving your financial goals effectively. Let’s explore how group sizes are determined and how you can customize them.

Minimum Group Size

At Least Five Verified Members: Each group on Chippit must have a minimum of five verified members. This requirement ensures a viable pool of resources for effective financial pooling and credit access.

Participating in Multiple Groups

Diversify Your Financial Goals: On Chippit, you have the flexibility to participate in multiple groups simultaneously. This allows you to diversify your financial goals, whether they are short-term savings, long-term investments, or accessing interest-free credit.

Balancing Multiple Commitments: While participating in more than one group, it’s important to balance your financial commitments to ensure you can comfortably contribute to each group without overextending your resources.

Customizing Group Size

Requesting Your Own Group Size: If you have specific preferences or requirements for your financial pooling group, Chippit offers the option to request a custom group size.

How to Request:

Navigate to 'Request a custom plan” in the app.

Specify Your Desired Group Size: In the group creation form, you can specify the size of the group you wish to establish.

Submit for Approval: Once you submit your request, our team will review it to ensure it aligns with Chippit’s guidelines and community standards.

Need Assistance?

If you have any questions about group sizes, how to join multiple groups, or how to request a custom group size, our Chippit support team is here to help. Reach out to us through the app or our website, and we'll assist you in making the best choices for your financial goals.

At Chippit, we understand that everyone's financial journey is unique. That's why we offer the flexibility to choose or create groups that best fit your individual needs and goals. Whether you’re joining an existing group or starting your own, we are here to support you every step of the way in your peer-to-peer finance journey.

The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

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