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Money Dashboard Review – Fintech Pioneer Assessed

What is Money Dashboard?

Money Dashboard is actually a very descriptive name for the product they offer, as it is basically a dashboard where you can see all of your various financial products in one place, so you can have an amalgamated overview. Whether it is bank accounts, credit cards, or even store cards, Money Dashboard connects directly to your data, and displays it in one panel, even giving you totals of your balances, debts, and outgoings.

In terms of financial technology, or Fintech companies, Money Dashboard has been around for a very long time, and could be considered a pioneer. Formed in 2009, and launched in 2011, the company provided their service long before most other Fintech’s were even thought of.

Money Dashboard claim over 600,000 customers in the UK are currently using their service.

Money Dashboard Review | Picture: iStock.com | Anastasiia Boriagina


How does Money Dashboard work?

Money Dashboard have paid something of a price for being ahead of the curve. Fintechs who have formed more recently have built their systems mobile/app first, whereas the original Money Dashboard product was built primarily for desktop computers.

To mitigate this, in 2020 Money Dashboard launched their new Neon product. Their older ‘classic’ product used more complicated methods to get your data into their app, and was computer focused. The Neon product has been built mobile/app first, and takes full advantage of Open Banking technology, which allows them to easily integrate with your bank or financial provider, to get your data so it can be analysed via their app.

Once their Neon product was launched, all new users to Money Dashboard had to use the new version. They do state that they will continue to support their older version for existing customers. If existing users wish to move from the old ‘classic’ Monday Dashboard to the new Neon version, the integrations and data would need to be done over again, as there is no system in place to migrate between the two systems.

Setting Up Money Dashboard Neon:

The new Neon system is app based, so first you need to download the app on to your smartphone, and then you need to create an account.

Once that is done, you need to connect your bank accounts to the app. Some are simpler than others, but all should be relatively straightforward.

Once this is all done, you should see all of your data within Money Dashboard, and you can go ahead with setting up your categories, budgets etc.

Money Dashboard Features

  • Connect all of your bank accounts, credit cards and various other financial products, so you can see them all in one place.
  • Create spending categories across all of your accounts.
  • See all bills and subscriptions in one place.
  • Create budgets within the app.
  • Easily see the balance available to spend after all bills.
  • Bespoke customization of your platform to fit your own requirements.

How much does Money Dashboard cost?

Money Dashboard is free. There are no costs for any of the usage of the app.

Money Dashboard makes money by recommending financial products and services to its users, and by providing anonymous data of the spending practices of their users to third parties.

Who is Money Dashboard for?

Money Dashboard is not technically limited to just UK based users. However, they are only connected to UK banks, so really you would need to be based in the UK to get the most value from it.

Money Dashboard is connected to over 90 different banks, credit card providers, building societies, store cards, and more. See the complete list here.

Money Dashboard allows you to create your own financial dashboard which integrates data from multiple different financial institutions. Therefore it would suit people who have various different places where they have financial transactions, who wish to be able to see them all in one place so they can budget better.

Money Dashboard helps with your budgeting, but if you need assistance with saving and investing, then you might need a different app. Check out our reviews of Plum, Moneybox and Chip.

Is Money Dashboard safe?

Money Dashboard never actually holds your money, so there is no risk of losing funds with them.

In terms of personal financial data, Money Dashboard are fully regulated by the UK’s Financial Conduct Authority (FCA), and have bank level encryption. They never store any login details or passwords from your accounts.

Moneybox Dashboard Reviews – what are people saying?

Money Dashboard was voted Best Personal Finance App at the 2020 British Banking Awards.

Despite claiming over 600,000 customers, Money Dashboard do not have very many reviews on their Trustpilot page. This could potentially be because it is a free service, and they do not actually hold customer’s money, whereas many of the more commented on products on Trustpilot are paid services.

Currently they have a rating of 3.5 out of 5, from around 150 reviews, with 47% being 5 out of 5, and 12% being 1 out of 5.

Money Dashboard Alternatives

There are many different budgeting apps available today. However, the closest to Money Dashboard in terms of features are:

There are also several Fintech banks who offer various budgeting functions as part of their banking product. However, bear in mind that you would not be able to get data from other banks or financial providers with these like you can with Money Dashboard:


A pioneer in UK Fintech, Money Dashboard risked being overtaken by various newer products on the market, but with their launch of Money Dashboard Neon, which utilizes Open Banking and mobile first technology, they have the chance to stay in the game. The ability to see all of your financial transactions, from all of your providers, is a fantastic superpower to help you see the wood from the trees and efficiently manage your finances, and the Money Dashboard has one of the best platforms to enable you to do that, and on top of all that, it is free!