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Snoop App Review

Snoop is a free money saving app designed for budgeting, linking various financial accounts like banks, savings, and credit cards to provide a comprehensive view of your spending habits and finances in one location. With Snoop, users can efficiently manage their money across multiple accounts using its budgeting tools. This integration facilitates monitoring spending patterns and saving money. Moreover, Snoop offers tools and checkers to assist users in saving on household bills, giving personalised money saving suggestions.

Snoop App Pros & Cons

Pros:

  • Offers numerous helpful budgeting features
  • The Snoop app is entirely free to use
  • Automatically seeks opportunities for users to save on spending

Cons:

  • Generates revenue by selling anonymized customer data
  • Focuses on recommending other products to users

What Is Snoop App?

Snoop is designed for smartphones, requiring users to first download the free app onto their device. Once installed, you’ll create an account and proceed to integrate your bank account and other financial institutions, enabling Snoop to analyze your financial data.

To initiate integration, navigate through the app to the integration page, locate your bank or provider, and log in to your account as usual (Snoop never accesses your login or bank details). Afterward, simply grant permission for Snoop to access your data.

Once all your banks and providers are integrated, you can view all transaction data within the app and utilize the features outlined below to manage your finances.

Despite potential negative associations with the term “snoop,” the features of the Snoop budgeting app offer practical benefits. A key aspect of Snoop’s service is identifying wasteful spending and recommending areas for savings, such as subscriptions and household bills. While the app might appear to “snoop” on your spending, its aim is ultimately to benefit you.

Snoop utilizes open banking technology to power its money management app. This technology has paved the way for numerous personal finance apps in recent years, assisting consumers in managing their finances effectively.

Snoop App Features

The free version of Snoop offers the following features:

  • Spending Sorter: Automatically categorizes your spending.
  • Payment Hub: Consolidates all outgoing payments into one convenient list.
  • Spending Summaries: Provides daily, weekly, and monthly updates on your spending.
  • Checkers: Analyzes spending in specific areas and suggests ways to save.
  • Discount Code Finder: Locates vouchers to help you save money.
  • Money Saving Scanner: Identifies money-saving products and opportunities.
  • Mortgage Manager: Compares your mortgage with other deals on the market.
  • Look Ahead: Automatically notifies you every Sunday of upcoming outgoings for the week.

The paid version, Snoop Plus, includes all the features of the free version and adds exclusive features available only to the paid plan. Snoop Plus is exclusively accessible through the mobile app version of Snoop.

  • Spending Alerts: Set alerts to notify you when you overspend.
  • Custom Categories: Create unlimited custom categories.
  • Add Data & Accounts Manually: Add data and accounts manually if the provider is not supported.
  • Track Your Net Worth: Monitor your net worth across all accounts.
  • Track Upcoming Bills: Track bills according to your pay cycle rather than monthly.

Signup with Snoop

Who Is Snoop App For?

Snoop is connected to the majority of the largest bank account and credit card providers in the UK. Before utilizing Snoop, it’s advisable to verify if your providers are supported. Presently, Snoop supports:

  • Amex
  • Creation Cards
  • Nationwide
  • The One Account
  • Bank Of Ireland
  • Danske
  • NatWest
  • TSB
  • Bank of Scotland
  • First Direct
  • NatWest One
  • Ulster
  • Barclaycard
  • Halifax
  • RBS
  • Vanquis
  • Barclays
  • HSBC
  • Revolut
  • Virgin Money
  • Cahoot
  • Lloyds
  • Sainsbury’s
  • Virgin One Account
  • Capital One
  • M&S Bank
  • Santander
  • Yorkshire Bank
  • Clydesdale
  • MBNA
  • Starling
  • Coutts
  • Monzo
  • Tesco
  • See the latest updated list of financial institutions supported by Snoop here.

Snoop App Costs & Fees

The standard Snoop app is free to use, with no subscriptions or fees required. Initially, there was only the free version available without any paid plans. However, in 2023, they introduced a premium version called Snoop Plus.

What Is Snoop Plus?

Snoop Plus stands out as the premium version of the app, offering a range of additional features designed to enhance your budgeting and potentially help you save money. It’s available at either £4.99 per month or £31.99 per year, offering a considerable saving for the annual subscription. These pricing options position the product within a similar price range as its competitor app, Emma.

How Do Snoop Make Money?

A significant aspect of the Snoop app is helping you pinpoint opportunities to save money, whether by switching to more affordable utility providers or moving funds to higher-interest savings accounts. Snoop earns a fee for connecting customers with these companies but asserts that their recommendations remain uninfluenced by these payments.

Additionally, Snoop monetizes by selling anonymized customer spending trend data to other businesses. Rest assured, all data is fully anonymized, ensuring personal spending and identity information are never disclosed.

How Does The Snoop App Work?

Snoop consolidates multiple accounts into one convenient app, including current accounts, banking apps, savings accounts, and more. Getting started is easy: simply download Snoop from the App Store or Google Play Store. Once installed, you can create an account, opting for either the free version or the new paid Snoop version.

Next, you’ll connect your bank accounts, credit cards, and other financial accounts, all through a simple and secure process right from your smartphone.

As for the app’s functionality, Snoop aims to make it user-friendly and engaging, incorporating gamified elements and a social media-like style. This approach is reminiscent of competitor app Emma, whereas others like Moneyhub lean towards a more serious tone. Ultimately, it depends on personal preference and which approach individuals prefer for managing their finances.

Is Snoop App Safe?

As a budgeting app, Snoop never holds any of your money, ensuring there’s no risk of loss. Leveraging open banking technology, which is highly secure, Snoop operates under full regulation by the Financial Conduct Authority (FCA). They emphasize “bank-level security” and affirm that they never access your passwords or login details.

While Snoop is free to use, there’s a common saying (often associated with companies like Facebook) that if the service is free, you’re the product. Snoop’s revenue model relies on selling anonymized spending data from their users. If this arrangement doesn’t align with your comfort level, it might be preferable to opt for a budgeting app that doesn’t engage in this practice, though it may involve a subscription fee.

Snoop App Review – FAQ

DO YOU HAVE TO PAY FOR SNOOP?

No, the Snoop app is free to use, and unless you choose their paid version. Snoop make their money from selling anonymized customer data, and referring their users to other products.

IS IT SAFE TO CONNECT YOUR BANK ACCOUNT TO SNOOP?

Snoop use open banking to connect to your bank. Open banking is a highly regulated and very safe system, so connecting your bank should not cause you any problems.

DOES SNOOP AFFECT YOUR CREDIT SCORE?

The Snoop app will connect to your bank to get your data, but they do not do any credit checks during the process. It is just an information exchange connection. Therefore it will not affect your credit score in any way.

WHO OWNS SNOOP APP?

Snoop was launched in 2019, and is now run by CEO Jane Anne Gadhia and Managing Director John Natalizia. They have received significant funding from several investors.

Snoop App Review – Verdict

Snoop has ventured into an increasingly competitive market for budgeting apps, and only time will reveal if they can thrive amidst this competition.

A few years back, Snoop appeared quite new, with many features labeled as ‘coming soon’. However, their feature set now seems comprehensive, even expanding to include the premium version, Snoop Plus.

In the realm of apps, usability is paramount. Some, like Emma, lean towards gamification with social media-like elements, while others, such as Moneyhub, adopt a more serious approach.

Snoop falls on the light-hearted and enjoyable side. It’s worth giving Snoop a try to see if it resonates with your preferences and style. Finding a service that suits you and is enjoyable to use is crucial.

If Snoop aligns with your needs, it can be a fantastic tool for managing your finances and saving money across various areas. With a wide array of features and more seemingly in development, Snoop holds promise for the future.

Signup with Snoop

*Please note: This article may include affiliate links. If you purchase through these links, we may earn a commission at no extra cost to you. This helps support our work and allows us to continue providing content like this.

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