Plum app review - using AI to automatically boost your savings

[@BeCleverWithYourCash]

Here's more information, including further details on how to get that free £5, on the blog becleverwithyourcash.com/plum-app-review-can-it-help-you-save/

[@StaceyXTheXDancer]

Hello! Can I just do the savings but or do I have to do the investment part as well?

[@kajaszczucka6189]

Thanks! I only downloaded the app today and wanted to know whether it’s any good. I get nervous about those things. But you have reassured me, thanks!

[@christiantrujillo7294]

I never watch all these money saving tips or any videos that has money involved fully cause I don’t learn. But this video stood out for me and found it way to gain information without any confusion. Got a new sub!!

[@BeCleverWithYourCash]

Glad you enjoyed it!

[@Lydibrown]

I've been using it since October and saved 1k without noticing it at all. Great video Andy.

[@BeCleverWithYourCash]

Wow, that’s great!!

[@TrendingPendingVideos]

@@BeCleverWithYourCash how’s that saving lol? It’s just called not spending a set amount per month!??

[@jamiejtb]

@@TrendingPendingVideos Isn't that what saving is?

[@SarahDempz]

@@TrendingPendingVideos Yeah....the literal definition of saving??

[@szn_]

@@SarahDempz yeah idk what that guy is on about

[@Jefrek]

Informative video, thank you! Can you cover the investing bit of Plum as well? Thanks.

[@jacobstonier2835]

Thanks Andy I have my first job and want to use an app to help with savings that is better than just using my bank

[@BeCleverWithYourCash]

Happy to help

[@phichau90]

I dont like the combo saver. How do I turn that off!? Its taking way to much money on my current account.

[@rarrkind8782]

Andy do they do a credit check and if they do what sort of check is it soft or hard? Thanks

[@BeCleverWithYourCash]

Hi Rarr. There's no credit check as you're only opening a savings account

[@gaz1549]

Anyone used the risk features such as savings and investments. Is it worth it?

[@mogsy7807]

If you set up Automatic and Payday is that classed as two separate direct debits

[@HeatMyWords]

Do you know what software they use to round up? I have an idea but looking for infrastructure that has low transaction fees (for a roundup app idea). Do you know what Open Banking infrastructure they're using or how I can find out?

[@JTvlogs984]

Is the plum Cash ISA any good?

[@ayodejifalore9986]

Can u explain more on the plum value. I have set up my weekly deductions.

[@tomaszbaradziej]

Hi. Thanks for the video, great job. I'm using Plum up for the last couple of days. Can I still open ISA account somewhere else or is Plum the same thing as the ISA? Sorry if that's silly question.

[@marcinrzepa5183]

Hey I'm trying to set up a direct debit on this plum app for my nationwide switch and I can't find an option to do so on plum where is it please 😢

[@johnwillats162]

Thanks Andy, that's something that would be good for me. However, how safe is your money being held by Plum ?

[@BeCleverWithYourCash]

The money is held in a digital wallet with Barclays, so if Plum goes bust you’ll still be able to get your money from Barclays. However it’s not protected if Barclays goes under. It’s different in the interest accounts as they’re with Investec and protected up to £85k via FSCS

[@mistertechnogamer0172]

What's better free-trade or plum?

[@adamnewton8335]

Great review thank you, ver clear and decisive 🙏

[@soumitradutta8191]

I have got only primary pocket does it charge for that?

[@BeCleverWithYourCash]

Hi Soumitra. As long as you're on the basic Plum tier you won't get charged for using this Primary Pocket or the free auto-savings feature

[@lindahegarty3898]

Hi Andy, how do you take your savings out please.

[@davidcox8978]

Hi Andy do you know of an app like plum that can be used out side of Great Britain as we have heard about this app but as we are in Aus we dont have acsess to it.

[@igb00001]

I noticed you can save by DD linked to Amex. Does that mean that I can get points on Amex and interest in Plum for the same cash? I will just pay back amex from plum every month end

[@destiny9420]

Thank you for your genuine advice!

[@michellestanding1410]

Hi Great video I used Plum app it a great app 😊

[@Emily-gh8bn]

Very helpful.Thank you

[@jacktheladhub]

Can you stop interest when saving?

[@sorinraducu1503]

how much Time does it takes to recive the refferal bonus of 15 euro?

[@ashleyharrison6478]

Any advice on the plum savings account 2 years on from this video? I've just started plum and I'm just using primary pocket what can I use for better interest?

[@ashleyharrison6478]

👋 Andy you there?

[@alexpennymeme1905]

Only way of getting better interest is by buying the membership cards

[@afilgrate648]

I have download this and it has helped me so much 👌🏾

[@charlotteholdsworth6690]

Looking at this after being with chip. I thought chip had the round up feature but it doesn't. Can you just choose the round up only method or do you have to use the AI function as well. Also are features like the LISA or investments not available on the free version

[@camielgeudens1303]

Kind of a late answer but yea you can turn off automatic payments and only use roundup :)

[@bethstubbs6838]

U can do I have x

[@TheFourSatoshis]

What happens to USA investments if plum go under ?

[@Ppp-kk6hw]

Thanks mate for explaining it ☺️

[@truereviewer518]

Thanks Andy!! Roy.

[@BeCleverWithYourCash]

No problem!!

[@johngoochy1432]

Great video, thanks for sharing your findings.

[@BeCleverWithYourCash]

Thanks for watching!

[@MrSpankyOfficial]

Hey Andy, It’s not allowing me to set up another pocket other than the primary pocket that’s opened when you first start up the account? Have Plum changed something that you don’t need to set up another pocket to get the 0.25% interest rate? Or have they removed the feature? I’ve literally just setup the account, so don’t know if it takes a day or something to show up Thanks!

[@BeCleverWithYourCash]

Hi Braski, you can still set up the Easy Access pocket with the free Basic version of Plum. Maybe it does take a short time after opening the account to verify things?

[@juliedennis1724]

Very helpful thank you.

[@moonshadowspring]

Very Very Helpful Thank you 😊

[@SC-vi4xi]

I’ve opened a Plum account and linked it to my Barclays Current account, I then opened a second pocket in the hope that I could link that pocket to a different account, but it’s linked it to my Barclays, so with the free version can I have multiple pockets with DD’s from different banks? How do I close or delete the second pocket that I don’t want unless I can link that to a different bank? Many Thanks Steve

[@bethstubbs6838]

You add different accounts use the chat bot on the app and they will guide you better. I've done it for my daughters bank account too so I can put money in from my investments so she has money when she is 18

[@soumitradutta8191]

How plum charge for doing that?

[@macacezore7301]

How do Transfer money from plum back to your normal bank account?

[@deltaechomusicnh555]

You can't. The money is in there forever.

[@Believer3_]

​@@deltaechomusicnh555 surely not

[@obara7366]

I'm so nervous to give something access to my bank account. I joined but I'm regretting it even though I did a bit of research beforehand.

[@arronvago2777]

What does Plum value mean? And how do i move that value?

[@bethstubbs6838]

You can use the app chat online and get answers within hours I use that every time I have an issue and it gets sorted within 24hours more often than not.

[@nessyldnmanagement8574]

Does this affect your credit score I wonder

[@BeCleverWithYourCash]

It shouldn’t do

[@markhowards420]

@@BeCleverWithYourCash shouldn’t ... lol you should know for certain before commenting.. seems like a scam.

[@tagapiouplayz3737]

I applied for an aqua card a few days ago, only for it to be denied. I am 18, have no debts, no payments to make and I expect to increase my net worth. Why was I denied? This annoys me as I can’t even get the basic credit builder cards straight away, which prevents me from being able to prepare for any future morgage. Please help.

[@BeCleverWithYourCash]

Have you looked at the eligibility checker to see if there are other cards that might accept you? I’ll do a video soon on other ways to boost your credit report, but registering to vote is one. Do you rent? There are services which will use those payments to help

[@tagapiouplayz3737]

@@BeCleverWithYourCash yes I used a comparison site I can’t remember which, I think it was go compare. The few it had pop up were aqua and marble and the cards apart of that group. I filtered to cards aimed to build credit too. Tesco I already checked beforehand and I wasn’t eligible. I can’t even be eligible for cards liek Aqua or Marble. I am registered to vote, and I live with my parents with no rent payments. I cannot see a reason why as to why I can’t get the most basic card right now.

[@jeyomcnugget9584]

Hey mate if you get Experian it will tell you your credit score and then tell you what credit cards you’ll be able to get.

[@tagapiouplayz3737]

@@jeyomcnugget9584 I will look now thanks a lot

[@tagapiouplayz3737]

@@jeyomcnugget9584 I ran a check and it said it was unavailable coz there was too little information on my report, so it didn’t give me a score

[@vkay477]

Does pay days count as someone sending u money cause I’m a kid

[@BeCleverWithYourCash]

Yes, you can choose any kind of income for Pay Day in Plum

[@SometimesYouJustGottaSayIt]

thanks

[@mushy97kiid]

Have a normal savings account and use this app as a rainy day fund great way of not eating into your normal savings

[@BeCleverWithYourCash]

Totally. I'd say go for something like the Virgin Money M Plus account as a separate savings pot as you get 2.02% interest on the first £1k saved - maybe a good place to move the Plum savings each month?

[@natnaelweldemichael275]

Why plum give me £200 and took it the same time

[@times7171]

Just save you money in a bank - open a saving account within a bank. I would question all these flashy apps that keep popping up. Ultimately it's about money discipline, better to learn that than put money in a plum pocket.

[@BeCleverWithYourCash]

I’m with you - but I know lots of people do struggle to do this, so I really like this innovation. It’s not a bad idea for good savers too as it can help add even more to your savings pot

[@umairs4777]

You have to make sure you're not left behind, new ways to make money and save will come so you should keep an open mind :)

[@divineakande6654]

I get you but for younger people I believe this app is helpful. I’m only new to the workforce and my money came from my parents for a long time. I don’t want to struggle saving money till I get used to it or go through something that required me to have saved money. I think this app will help me save some money without struggling too hard and probably be able to save on our own in the future. That’s just my opinion.

[@times7171]

@@divineakande6654 Fair point. Ultimately you do what's best for you. But if I could go back in time I would tell my younger self to save money early. Thanks for the reply and all the best for your new career.

[@regularbasis9295]

@@umairs4777 you right ✅ 👏

[@dandraper7228]

Do you know a app just like plum that can be used by a 17 year old ??

[@BeCleverWithYourCash]

Sorry Dan I don't

[@dirtyprinz224]

Delays in money going in they are getting worse every week tbh

[@BeCleverWithYourCash]

Is that on auto saves?

[@In12sects]

M

[@jorgeuzcategui6172]

Ese tipo de negocios son muy riesgosos. Colocar el dinero alli podria causar inconvenientes a futuro. Tendria que asesorarme bien con un experto para decidir invertir.

[@markhowards420]

Savings ? What the hell are savings? We’re living in hand to mouth times , don’t come to us with false ideals and unachievable goals. Stick your app in the bin with the rest of the spam.

[@ireissistable]

Should have listened in school more and you might have some

[@BeCleverWithYourCash]

Thanks Mark. Yes, I'm always aware that we've a very divided country on savings - something that has been stretched even more by the last year. But I do think apps like this can help people prioritise where their money goes and hopefully build up some savings. Of course it won't be possible for everyone.

[@michellegore]

Wow who hurt you. Some people fo save money if you cant save that's fine but I found this as valuable information. Just cause this isn't for you Mark doesn't mean it won't be for someone else. The app has helped me save alot never noticed cause I had forgotten about the app.

[@connaisaacson8705]

With The Interest You Get On The Pockets How Often Do You Advise To Draw The Money Out Back To Your Current Bank Account So You Don't Get Charged On The Interest As I Would Like To Save As Much As I Can Each Time Thank You