Snoop App Review – A Path To Successful Budgeting?

Snoop App – In Brief

This can then help you monitor your spending patterns and save money. In addition, Snoop have tools and checkers that can help you save on household bills.

Table Of Contents

Snoop App Pros & Cons

What is Snoop App?

Snoop is a smartphone focused app, so you will need to first download the free app on to your phone. Once you have done that, you create an account, and then you need to integrate your bank account and other financial institutions, so Snoop can analyse your financial data.

To do that, you navigate via the app to their integration page, find your bank or provider, and then you need to log in to your account there as you normally would (Snoop never sees your login details or bank details). Once that is done, you simply grant permission to Snoop to get your data.

Once you have done this for all of your banks and other providers, you can then see all of your transaction data within the app, and apply all of the features outlined below to your finances.

Some people may see some negative connotations with the word snoop. However, once you look at the features of Snoop the budgeting app, it does seem to make more sense. A big part of what Snoop offer is to identify wasteful spending, and recommend where you can save, for example of subscriptions, household bills etc. In a way, they are snooping on your spending, but ideally to benefit you.

The Snoop app uses open banking technology to make their money management app work. Opening banking has allowed many personal finance apps to launch in recent years, and help consumers with their money management.

Snoop App Features

The free version of Snoop has the following features:

• Spending Sorter – Snoop automatically categorises your spending
• Payment Hub – a list of all your outgoing payments in one place.
• Spending Summaries – daily, weekly and monthly summary updates
• Checkers – These analyse your spending in certain areas and suggest ways to save.
• Discount Code Finder – Snoop finds vouchers for you to save
• Money Saving Scanner – the app finds you money saving products and opportunities
• Mortgage Manager – compare your mortgage with other deals in the market
• Look Ahead – every Sunday be automatically informed of outgoings due in the coming week

The paid version of the Snoop App – Snoop Plus, has all of the above features, but also has some features that are exclusive to the paid plan of Snoop. Plus is only available on the mobile app version of Snoop.

• Spending Alerts – Set spending alerts and Snoop will inform you when you overspend
• Custom Categories – Snoop lets you set up unlimited categories
• Add data & accounts manually – if the provider is not supported
• Track your net worth – across all of your accounts
• Track upcoming bills – by your pay cycle rather than monthly

Who is Snoop App for?

Snoop are connected to most of the largest bank account and credit card providers in the UK. Before using Snoop, it makes sense to check whether the providers that you use are supported. Currently Snoop support:

In addition, Snoop can collect the data from any New Day credit card. New Day are a company who team with large brands to provide credit cards, so you would have a credit card from New Day if you have a card from any of these brands:

See the latest updated list of financial institutions supported by Snoop here.

Snoop App Costs & Fees

The basic Snoop app is free to use, and there are no subscriptions or fees. They did not have a paid plan initially, the only option was the free version. However, in 2023, they launched a paid version called Snoop Plus.

What Is Snoop Plus?

Snoop Plus is a premium version of the app, that has a variety of extra features that can assist with your budgeting and hopefully save you money. It costs either £4.99 per month, or £31.99 per year, which is a pretty good saving for the annual payment! These price points put the product in a similar pricing ballpark as competitor app Emma.

How Do Snoop Make Money?

A large part of the Snoop app is to assist you in identifying opportunities to save money, whether moving to cheaper providers for utilities, or to a savings account that pays you more interest.

Snoop would make a fee for introducing customers to these companies. They state that they recommendations are not influenced by these payments.

In addition, Snoop sell data on customer spending trends to other businesses who wish to utilize this data. All of the data is fully anonymized so personal spending and identity information are never given out.

How Does The Snoop App Work?

Snoop connects multiple accounts together in their one app. Whether current accounts/banking apps, savings accounts, and more. To start, just download Snoop from the App Store, or Google Play Store. Once you have the app on your phone, you can set up an account – either the free Snoop app, or the new paid version of Snoop.

Then you can begin to connect your bank accounts, credit cards and other financial accounts, which is a very simple and safe process, that can all be done via your smartphone.

In terms of how the app works, Snoop have tried to make it accessible and fun to use, with some gamified elements and a style that feels quite like social media. This is similar to competitor app Emma. Other competitors like Moneyhub and Money Dashboard are a little more serious. It all comes down to the individual and which approach they prefer for their money management.

Is Snoop App Safe?

As a budgeting app, Snoop never hold any of your money, so there is no risk of loss.

Snoop use open banking technology, which is very safe and secure. They are fully regulated by the Financial Conduct Authority (FCA). They state that they have ‘bank-level security’, and they will never have any access to any of your passwords or login details.

Snoop is free to use, and there is an old adage (often used in regard to companies like Facebook) that if the service is free to use, then you are the product. Snoop’s business model is based on making money on selling the anonymized spending data from their customers, so if you are not comfortable with this, then it is better to use a budgeting app who don’t do this (but be prepared to pay a subscription).

Snoop App Customer Reviews

Snoop so far have a very small number of reviews on Trustpilot – perhaps reflecting how new they are on the market. They currently have a rating of 4.3 out of 5 from 35 reviews, but it is hard to get a definitive idea from such a small sample size. It make sense to check other sources such as Reddit, to see what other users are saying about the app.

Snoop App Competitors

There are a number of other budgeting apps available. Check out our comparisons to see which one can expose your spending habits and help you with saving money.

Which is better – Snoop App or Money Dashboard?

Read our full Snoop App vs Money Dashboard comparison

Which is better – Snoop App or Emma App?

Read our full  Snoop App vs Emma App comparison

Which is better – Snoop App or Moneyhub?

Read our full Snoop App vs Moneyhub comparison

Snoop App FAQ

Snoop App Verdict

Snoop have entered an increasingly crowded marketing for budgeting apps, and time will tell if they are able to succeed in the face of this competition.

A couple of years ago, it was possible to see that Snoop was quite a new app, as they had many features that were ‘coming soon’, Now however, their feature set seems to be complete, and they have even expanded to offer their premium version Snoop Plus.

With apps, the usability is everything. Some, like Emma, are quite gamified, with lots of social media like touches, whereas others, such as Money Dashboard and Moneyhub, are more serious.

Snoop is more on the light-hearted and fun side. Really, it makes sense to try out Snoop, to see if it works for you, and fits your style. It is always going to be likely that you will use a service that suits you more and that you find fun to use.

If you do find the Snoop app suitable to your needs, then it can be a great way to manage your finances, and also to save money on various cost areas. They have a wide range of features, and appear to have more in the pipeline.