Looking for help with monitoring your finances and receive some tips on saving money? Then take a look at this Snoop app review to see if it’s the right app for you.
I have to admit that I’m slightly unusual. Not in an odd way (at least I hope), but when it comes to managing my money. I have 24 finance apps on my phone and I use most of them regularly. That means I feel that I have most of my money issues covered. So when I saw there was yet another finance app available, I managed to contain my excitement.
However, I’ll try (almost) anything once and agreed to give the Snoop app a try.
Before I get started with my Snoop app review, I have to question the name. To me, I have fairly negative thoughts around the word snoop. And over the last few years, there seem to have plenty of incidences where companies have been using apps to snoop on us. I’m not sure what their thinking was behind the name, but I’m willing to overlook it. For now.
Who is Snoop?
Snoop belongs to Usnoop Limited, a British company based in London and incorporated in January 2019.
Taken from their website: Snoop’s a new kind of app, designed to save you money. Snoop connects to your bank accounts and credit cards, showing you how to save money at the places you already spend.
Is Snoop safe?
So, one of your first questions will probably be whether the Snoop app is safe or not. They are regulated by the Financial Conduct Authority and registered with the Information Commissioner’s Office. Snoop makes money by pooling your data with others and then selling it on but promises that all this data is anonymised and won’t be traced back to you.
When connecting to your bank, Snoop uses 256-bit encryption and never sees or stores your login details.
How does Snoop work?
To get started, you will need to link Snoop to your current account. Once done, Snoop starts working away in the background and analysing your transactions. The app will then start sending you ‘Snoops’. These little snippets offer you advice about all your finances and you’ll be pleased to hear that it isn’t all about selling you services.
For example, Snoop saw that I had been investing with Nutmeg over the last year and linked to a recent article about the coronavirus and how it had hit the stock markets. Snoop also saw that I had shopped in Boots and showed me how to get a £25 eye test for free. Other Snoops included how, a Sky Mobile customer, I could stream Sky TV for free to my phone.
Overall, there seems to be quite a mixture of personalised and generic Snoops.
And you’re not restricted to linking just one current account, you can add as many as you like.
My Snoop app review conclusion
You’ll probably notice that this review is quite short, but that’s because this is a new app and still in its early stages. As it develops, I will add more to my review.
However, at the moment, it looks very promising. In all honesty, it hasn’t told me anything new but I do consider myself quite money savvy. But for many people, I think there can be some useful tips. Plus, there are new features being added regularly.
Find out more by visiting the Snoop website.
But, if my Snoop review hasn’t convinced you, why not take a look at the best personal finance and budgeting apps?