This review looks at the various features, products and services that the Snoop app offers.
By the end, you’ll have a much better sense of whether it’s an app that’s worth using.
So, let’s get straight into my Snoop app review.
Table of Contents
Introduction to Snoop App
Snoop was founded by Jane-Anne Gathia (Virgin CEO) and John Natalazia (former Managing Director) in 2019.
The Snoop money-saving application was launched in April 2020, and the company marketed it as “a clever robot capable of helping users live smarter through effective spending and saving more”.
The Snoop app is compatible with iOS and Android devices; customers can check the device compatibility when downloading the application from the Play Store or Apple Store.
Snoop uses open banking to analyse the user’s spending behaviour. It then suggests the most effective ways of reducing spending and thus saving money when handling personal finance.
The application consolidates the users’ financial accounts under one umbrella, thus enhancing money management. It can easily track the spending of each financial account.
The application creates a personalised list of expenses and gives practical money-saving tips based on the type of expenses. It also offers alerts and notifications when any overpayment of an expense is made through any consolidated accounts.
Snoop opted to provide every user with a personalised experience when using the Snoop app, hence meeting the personal financial goals of every client.
Opening an Account
The registration process for Snoop is straightforward and fast. Customers first need to download the mobile application from Apple Store or Google Play Store. Then they input their details (names and active mobile phone numbers).
The application will provide them with a 6-digit code to verify their identity. The next step is to enter an active email address (preferably the one used in all your financial accounts) and create a 5-digit secret pin.
Customers will have the option of setting a fingerprint or face ID for added security. Once you have successfully registered and logged in, the app will request that you connect the various financial institutions via open banking.
Customers can either opt for the free Snoop account or the paid Snoop Plus account.
Accounts & Fees
Snoop has two primary accounts, Snoop Free and Snoop Plus paid accounts. Each account has various features which are useful in effective money management by the users.
Below is a breakdown of the Snoop accounts and their fees:
| Features | Snoop Free | Snoop Plus £4.99 monthly or (£31.99 billed annually) |
| Track all the bank accounts in one mobile app | Available | Available |
| Create unlimited custom spending categories | Not Available | Available |
| Daily balance updates | Available | Available |
| Add accounts manually | Not available | Available |
| Automatic spending categorisation | Available | Available |
| Track your total net worth | Not Available | Available |
| Monthly and all-time expense tracking and analysis | Available | Available |
| Track spending from payday to payday | Not Available | Available |
| View spending by category or merchant | Available | Available |
| Create unlimited custom spending reports | Not Available | Available |
| Weekly spending report | Available | Available |
| Create unlimited spending alerts | Not Available | Available |
| Setting and tracking budget for monthly spending | Available | Available |
| Create unlimited refund alerts | Not Available | Available |
| Setting and tracking budgets for category spending | Available | Available |
| Regular payment and subscription tracking | Available | Available |
| Exclusive product switching deals | Available | Available |
| A weekly reminder of upcoming bills | Available | Available |
| Track your bills by pay cycle | Not available | Available |
| Contract renewal reminders | Available | Available |
| Daily personalised money-saving suggestions | Available | Available |
| Money insights and guidance | Available | Available |
| Get exclusive deals with our partners | Available | Available |
Features
Snoop has the same functionality as most budgeting applications. It currently has several outstanding features which make it easy for users to manage their finances.
These features include the following:
- Spending Sorter
- Energy Checker
- Broadband and Mobile Checker
- Payment Hub
- Look Ahead
- Spending Summaries
- Discount Code Finder
- Card Checker
- Mortgage Manager
- Money-Saving Scanner
- Insurance Checker
Platform & Mobile Application
Customers can log in using the web version of Snoop, but they won’t have the convenience that comes with using the mobile application.
Snoop mobile app has a customer rating of 4.4/5 on Google Play Store and 4.6/5 on the App Store.
Users receive all of the products and services of the mobile application once they connect their bank accounts with Snoop.
The process is much easier for individuals who already have other banking mobile applications on their phones.
Safety
Customers are guaranteed maximum security when using the Snoop app. All the information submitted on the Snoop App is stored using 256-bit encryption technology.
The Information Commissioner’s Office has registered the Snoop mobile application (ICO reference number: ZA564008). At the same time, the licensing and regulation of the mobile application is handled by the Financial Conduct Authority (FCA).
Customers aren’t required to submit banking login details when using the mobile application. Additionally, the application doesn’t hold any funds or process payments for the users; it functions more like a read-only application.
The mobile application assures its clients that it doesn’t sell their data to third parties.
Financial Institutions Supported by Snoop
Snoop uses an open banking system to collect all the user’s bank accounts and analyse spending.
The mobile application currently supports the following major banks:
- American Express
- First Direct
- Barclays
- NatWest
- Halifax
Apart from financial institutions, Snoop also supports app-only banks like Starling Bank, Monzo and Revolut.
Customer Support
Snoop customer support is reachable via the following means:
- Email: [email protected]
- Mail: 15 Stratton Street, London, W1J 8LQ
Pros & Cons of Snoop
Pros
- The Snoop account is easy to set up
- FCA regulates the Snoop app
- All bank accounts are consolidated
- Features plenty of insightful content
Cons
- Lacks savings and investment accounts
- The free account is limited in features
Snoop App Alternatives
Snoop is a popular and reliable budgeting mobile application. But there are other budgeting apps that you may prefer:
Plum
Plum is a reliable budgeting mobile application with investment funds and savings features. Customers also get a direct debit card when using the application. The only downside of the Plum Application is the paid accounts.
Customers can opt for the standard plan that is free or paid for accounts: £1 monthly fee for Plum Plus, £2.99 monthly fee for Plum Pro, or £4.99 monthly fee for Plum Ultra. Customers also get a +25% cashback rate when they purchase from Plum partner brands.
Moneyhub
Moneyhub is a paid budgeting application charging 99p per month. Even though the application doesn’t have a free account, customers get the first six months free when signing up. The mobile application enables users to achieve their spending goals by providing timely expense analysis. Subscribers also have access to financial advice from various experts.
Read my full Moneyhub review.
Emma
Emma’s mobile application is more suited for customers who struggle to manage their debts. Like Snoop, it consolidates all data from all the user’s financial accounts, including savings, investments, credit accounts, credit cards, and current accounts. It helps users save more money by canceling wasteful payments and subscriptions.
It also offers advanced insights into the spending habits of the user. It has three main accounts: Standard Emma (Free), Emma Plus (annual fee of £41.99) and Emma Pro (yearly cost of £83.99).
Snoop App Review – Final Thoughts
Snoop has created an innovative solution for users who want to have all their spending under one app.
Customers can access many features to achieve effective money management when using the application.
The only challenge with the application is that all the best features are available under the paid Snoop Plus account.
Hopefully, my review of Snoop has helped you to decide whether it’s a good finance app that’s worth using.
Be sure to consider your specific needs and whether the available features would benefit you.