Chocolate Finance Referral Promotion

Make Life Richer

Last updated on 31 Jan, 2026 7 min read Investment, Managed Portfolio, Payment Card

Hey, have you heard of Chocolate Finance? With Chocolate Finance, you get happy returns.

Based on figures published on 31 Jan 2026:

For SGD balances: enjoy 2% p.a. on your first S$20k, 1.8% p.a. on your next S$30k, and up to 1.8% p.a. on any amount above that.
For USD balances: enjoy 4.1% p.a. on your first US$20k, and up to 3.8% p.a. on any amount above that.

I get daily returns, and I can withdraw anytime!

Note: After you have successfully onboarded and deposited funds, you can refer your friends and receive $20 (from 1–28 Feb 2026) for each successful referral.

BONUS TIP

If you do not have a HeyMax account yet, I highly recommend that you sign up for one and link your Chocolate Finance Visa debit card to HeyMax.

This allows you to earn up to 2 miles per dollar spent on almost everything! The HeyMax miles can be redeemed for flights, hotels, and more.

I managed to earn miles when paying for my insurance policies from:

BudgetDirect (see referral post)
FWD (see referral post)
InsuredDIY (see referral post)
Singlife

Other ways to earn miles include:

Parking.sg app
Singtel bill payment
Vehicle road tax payment

No miles were credited for:

AXS payments
Buying eCapitaVouchers from the CapitaStar app. Such transactions are categorised under Merchant Category Code (MCC) 6540, which is used to identify funding transactions such as account funding, prepaid loads, and stored-value card purchases.

Terms and conditions apply.

Check out the HeyMax referral post.

Table of Contents

About Chocolate Finance Singapore

No lock-ins, no complex criteria or hoops to jump through. What’s more, we take no fees and make no money until we deliver the target return.

Founded and headquartered in Singapore, Chocolate Finance is a private company registered under the name Chocfin Pte Ltd.

Chocolate Finance is a new place for your spare cash. See returns every single day!

Founder with strong credentials

The CEO and founder of Chocolate Finance is Walter de Oude, a qualified actuary with over 25 years of experience in retail insurance, banking, and asset management.

Mr Walter de Oude is also the founder of Singlife, one of the largest insurance companies in Singapore.

Recognitions:

Awarded Outstanding CEO of the Year 2018 at the Influential Brands 2018 CEO Asia Summit
Awarded EY Entrepreneur Of The Year 2021 (Digital Insurance)

Business model

Your money is invested in a portfolio of fixed-income funds carefully selected to optimise risk-adjusted returns based on factors such as duration, yield to maturity, credit quality, and currency.

Chocolate Finance makes money when the fund outperforms the target return. If returns are higher than the target, Chocolate Finance takes the excess as an outperformance fee (between 0–2%, depending on how much the portfolio outperforms).

Should the fund’s return exceed the target return by more than 2% p.a., the excess will be distributed to clients.

Licence

Chocfin Pte Ltd (202347190R) is a Capital Markets Services (CMS101452) licence holder regulated by the Monetary Authority of Singapore.

Key Benefits of Chocolate Finance

Interest is credited daily
No lock-in period: clients can withdraw funds anytime
No withdrawal fees: there are no charges or penalties when withdrawing your money
Compounded returns: returns accrue daily and are compounded
No minimum investment amount
Client funds are safeguarded with MAS-licensed institutions

Chocolate Visa debit card

Activate it in seconds, securely in your app now!

Launched in October 2024, the Chocolate Visa debit card gives users the power to spend anytime, anywhere, with ease and style. It’s completely free and offers some of the best FX rates in town.

Key points:

Access Visa card benefits with hundreds of retail deals, discounts, and travel perks
Peace of mind 24/7 with real-time transaction notifications
Instantly freeze your card in the app if you have concerns about a transaction
Enjoy zero foreign exchange fees on all overseas spending
- Only the Visa exchange rate applies. No hidden fees, no additional markups.
It’s free. No fees or subscription charges are associated with your Chocolate card

How to get your Chocolate Visa debit card?

Chocolate accounts come with a Visa debit card available digitally within the app.

To activate it, swipe right on your balance to view the Chocolate card or find it in the “More with Chocolate” section. Once you’re on your card page, simply tap “Activate now”.

Once activated, you can order a physical card at no additional cost. From your card page, tap “Order a physical card” and follow the prompts to confirm your delivery details. Your physical card will arrive at your doorstep within a few days.

My Personal Experience Using Chocolate Finance

Chocolate Finance app

The user interface is snappy and fast. Information is displayed cleanly with no clutter.

Swift onboarding and easy deposit of funds

I registered and verified my identity within 2 minutes via SingPass MyInfo.

Next, I used PayNow to deposit funds, and they were received instantaneously in my Chocolate Finance account.

The entire process from start to finish took less than 5 minutes.

USD Account

You can fund your Chocolate Finance USD balance directly in USD or by converting from SGD.

Warning:

Transfers must come from a bank account in your name and in USD only.
Money sent from a bank account not in your name will be returned and will incur a US$50 fee (refunds will be reduced accordingly).
E-wallets, credit cards, ATMs, or third-party services are not accepted and will be returned with a reduced US$50 handling fee.
USD telegraphic transfers are different from SGD FAST transfers and take longer to process through banking systems.

Adding USD directly

To get started, tap the USD tab → “Add USD” → “Add USD directly”, then follow the instructions.

Note:

Transfers from DBS Bank: free, usually instant, but may take up to 3 business days to reach your Chocolate account.
Transfers from other banks: bank charges may apply, and transfers may take up to 6 business days to reach your Chocolate account.

Withdrawing USD directly

Notes:

Withdrawals to DBS Bank: free, usually within 3 business days
Withdrawals to other banks: US$20 handling fee, up to 6 business days
In some instances—such as recently added funds, currency conversions, or multiple transactions—withdrawals may take slightly longer

Other important points gathered from FAQ

Please visit the FAQ section for full details.

Is the money in a Chocolate Finance account safe from capital losses? Can I lose my principal sum?

A Chocolate Finance account is not capital guaranteed, and capital losses are possible.

Is Chocolate Finance a Money Market Fund?

Chocolate Finance is not a money market fund. It is a managed account operated by Chocfin Pte Ltd, licensed by the Monetary Authority of Singapore. The Chocolate Finance managed account, however, does invest in short-duration fixed-income funds and money market funds.

Are you covered by the SDIC Singapore Deposit Insurance Corporation, for up to S$100,000?

As Chocolate Finance is not a bank, it does not fall under SDIC coverage. Instead, Chocolate Finance operates as an asset manager, with client funds segregated and held separately by trusted and licensed custodians.

Disclaimer

All investments involve risks and are not suitable for every investor.

There is always the potential for loss of capital. Investors should carefully consider their investment objectives and risks before investing.

Any reward(s) received via promotional campaigns do not constitute an invitation, inducement, recommendation, suggestion, or solicitation to invest.

This content is for informational purposes only and does not constitute financial advice.

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