In microwave safe bowl, melt peanut butter and honey for 1 minute. Stir to mix well.
In large bowl, pour in cereal.
Pour half of the peanut butter and honey over the Cheerios and gently fold to mix.
Pour remaining peanut butter and honey into the bowl and gently mix until all Cheerios are covered.
Line a 9×13 pan with parchment paper and pour mix into pan.
Place in fridge for 1 hour until completely chilled.
In a microwave safe bowl, melt chocolate chips, microwaving in 30 second bursts.
When bars are chilled, remove from pan; cut into 12 squares.
Spoon melted chocolate onto each bar; spread an even layer over the bars.
Return to fridge to chill.