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Snoop App Review – A Path To Successful Budgeting?

What is Snoop App?

Snoop is a smartphone based budgeting app, that connects all of your bank and other financial accounts into one place, so you can have an overview and therefore more efficiently manage your finances.

Snoop launched in April 2020, so is one of the newer budgeting apps in what is becoming quite a crowded space. As with the other budgeting contenders, Snoop uses Open Banking technology to connect with financial institutions to seamlessly display all of your transactions within their app.

As a start-up, Snoop have been successful in raising money, most recently getting investments of £15 million.

Some people may be put off by the name, and it does seem an odd choice. Not only does it have the negative connotation of being slang for nosy, but it is also the name of a celebrity, which may make Google searches more crowded! Let’s see if the features and benefits of the app can make up for their potentially confusing choice of brand

Snoop app review
The Snoop app keeps your spending in check | wiseabout.money


How does Snoop app work?

Snoop is a smartphone focused app, so you will need to first download the app on to your phone. Once you have done that, you create an account, and then you need to integrate your financial institutions. 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). 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. As mentioned above, some may see some negative connotations with the word snoop. However, once you look at the features of Snoop the product, 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, utilities bills etc. In a way, they are snooping on your spending, but ideally to benefit you.

Snoop App Features

Spending SorterSpending Sorter – Snoop automatically goes through your spending and categorises to give you an overview.
Payment HubA list of all your outgoing payments in one place.
Spending SummariesDaily, weekly and monthly summary updates.
CheckersThese analyse your spending in certain areas and suggest ways to save. Currently they look at energy, cards, mobile and broadband and Insurance.
Discount Code FinderSnoop finds vouchers for you to save.
Money Saving ScannerThe app finds you money saving products and opportunities.
Mortgage ManagerCompare your mortgage with other deals in the market.
Look AheadEvery Sunday be automatically informed of the outgoings due in the coming week so you can ensure you have the funds to cover them.

In addition to the live features on Snoop, they do have several more features in development, which they detail on their website such as:

Payday Predictor

Spending Catch Up

Savings Saver

How much does Snoop App cost?

The Snoop app is free to use, and there are no subscriptions or fees.

How does Snoop make money?

A large part of the Snoop app is to assist you in identifying opportunities to save money, whether moving to a new utility supplier 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.

Who is Snoop app for?

Snoop are connected to most of the largest banks 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:

AmexCreation CardsNationwide
Bank of IrelandDanskeNatWest
Bank of ScotlandFirst DirectNatWest One
Capital OneM&S BankSantander
The One AccountTSBUlster
VanquisVirgin MoneyVirgin One Account
Yorkshire Bank

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 credit card from any of these brands:

AmazonDorothy PerkinsLaura Ashley
ArgosFluidMiss Selfridge
DebenhamsHouse of FraserOutfit

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 Reviews – what are people saying?

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 3.9 out of 5 from 10 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 Alternatives

There are many budgeting apps on the market today, so you have a wide choice to choose from. Some that have a similar feature set to Snoop are:

In addition, there are several app based banks in the UK that don’t have as comprehensive budgeting features as the dedicated budgeting apps, but do have certain money management features that may well suit your requirements.


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

In some ways, it is possible to detect that Snoop are new, as they are open about the features that will be coming soon. Some of these features are already live with their competitors, so it could be argued that it is best to wait until the Snoop app is completely finished.

However, 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 use a service that you like to use.

If Snoop does suit you, then you can be using it, and take advantage of all of the new features as and when they come online.