Qube Money Review | Digital Cash Envelope Banking

[@savannahvick5266]

This may be too much for some but for people like me who will spend money on absolutely anything this is amazing! It forces you to be accountable.

[@DaddyGrumba]

I didn't know anything about simple or it closing or the fact that there are these new fintech platforms allowing a digital version of the envelope system. I was sitting today spending hours trying to organize my family's money and budget with a spreadsheet and I got pissed and was like "why tha fuq is there not a bank that does this shite for you?!". Started looking around and found your channel and started googling and reading articles and watching other videos on all these options, and I have to say your format and the info you provide is the most in depth and helpful of all the other outlets. Your vibe is a bit too chipper for my taste, I prefer exasperated and grumpy individuals. But never the less, your channel is the most comprehensive. You will have success if you keep up this quality of content! Keep it up!

[@vixenday]

I love the production value of your video. Very informational as well. Thank you!

[@MagnifiedMoney]

Thanks so much for the support I really appreciate it!

[@torty1993]

“Hmm sure tell them how great it is when we know you’re just going to be running back to SoFi.” Seriously had to pause the video from laughing! Love your content man, you’re killing it!

[@jeanettemccay]

we all know its true though

[@yahir-21]

As soon as it moved along I had to see the comments and see what y’all thought!😂

[@leahhudacek9230]

This sounds like exactly what I’ve been looking for! Great details on this app, thank you so much!

[@maplestoryinchinese]

Holy shit is life changing! I've been looking for a tech bank like this for so long!!!

[@MagnifiedMoney]

That is awesome! Thanks so much for sharing!

[@ivethzepeda]

😂 we saw the professional version of you and the casual one loved it 😂

[@MagnifiedMoney]

Haha glad you liked it, thanks so much for the support I really appreciate it!

[@zo81677]

I’m 17 and a junior in high school and I want to get a job soon and so I’m looking for a bank that would work best for me and my whole family has chase but I think I’m going to be breaking that mold for myself

[@indigowalker8738]

Smart the conventional physical bank isn’t for everyone

[@ItsJackMo]

mans really called himself out in the beginning like that 💀😂

[@MagnifiedMoney]

Hahaha seems like a new bank comes out every day sometimes😂

[@herpaperheartphoto]

Was waiting for this review!!

[@MagnifiedMoney]

Thanks so much for the support I hope you liked the video!

[@joethornton3313]

It’s been so long since you’ve reviews banks with automated buckets for spending and paying bills. Now everything is focused on savings. Can we circle back to those accounts? Are there any updates or new accounts we can look at?

[@JoshuaGipson]

So just to be clear "Qube" would be my new bank, like my wife and I would have to shut down our physical bank account and bank at Qube? If they do allow us to just connect our current (traditional) bank what are the pros and cons of doing that vs just banking 100% with Qube? Also, how accessible are there customer service reps? I know for sure I don't just want to hop in a "Chat" to get help with my banking I want to speak with someone over the phone lol. Sorry for all the questions but any answers would be helpful

[@fernandov2838]

Great review. Pass on the fintechs/banks that charge to hold my money. Banks with fees are so early 2000s .

[@MagnifiedMoney]

Thanks so much for the support I really appreciate it!

[@Maddy-ht9jo]

What happens when you need to make a purchase with a Qube and do not have access to your phone or the cell phone network is down? This is a deal breaker for me. One Finance has no cost and allows better budgeting option with no restriction of the pocket to be used at any time.

[@messii5oh506]

qubes are set closed in 30 mins by default after opening to prevent fraud but you can leave a specific qube open for however long you want/need. On the weekends i usually leave one for 1 day that way i wouldn’t have to worry about losing signal or battery dies, you could leave it open forever if you want. Also the subscription is not bad considering other financial services like YNAB or Truebill already charge monthly fees.

[@MagnifiedMoney]

Thanks so much for this great info Runbit!

[@crystalwtube]

Agreed.

[@tarithgs]

How does linking your Qube account to a brokerage account work? How exactly does Cube handle ACH transfers?

[@MagnifiedMoney]

Hmm..those are fantastic questions. I have never had to do either of those myself but I'd reach out to their customer support and see if that can help! Thanks for the comment!

[@mariz_mariz]

The best way to spend responsibly is to use cash. Cash is tangible and visible, your card isn't. When you have cash on hand, you can better gauge financial decisions, because once the cash is gone....it's gone and you see it physically leave your wallet. Qube just gives people more incentive to borrow money from other savings because they really want something rather than having a yes or no based on the cash on hand. It's counter productive and won't stop impulsive spending.

[@ryanranocchini]

Oh thank you for this video! I'm so upset about Simple!

[@MagnifiedMoney]

I completely agree! Thanks so much for the comment!

[@keslee7036]

So why did Simple close? And would cube still be better because it limits your spending to your budget while Simple did not?

[@JustME-zn2vu]

So does it have to be a qube in order to spend it or can I spend the planning too?

[@foodini666]

Nice video love your special effects lol

[@MagnifiedMoney]

Thanks so much for the support I really appreciate it!

[@virginiakingsford9470]

What about banks like simple that allow joint accounts? Like sharing ‘cubes’ or envelopes and categories are great but they doesn’t make it if one spouse does all the budgeting and paying bills. Is there a bank- like simple- that will allow me to have a joint account with my husband? Does anyone know? This might be a bit much but I am kinda worrying over here. I have spent years figuring out how bills worked for my family and now it’s all going away.

[@MagnifiedMoney]

Thanks for the great question! I don't believe any of these have joint options like Simple but I am sure they will add this in the future. Does anyone else know of options with joint accounts currently?

[@valeriearanda3349]

Qube is releasing companion cards at the end of this month which is essentially a joint account. You’ll have shared Qubes to use and individual ones if that works for your family. It’s a pretty neat feature since each partner will be able to see when the other is spending and the money comes from the same Qube (envelope) to stay on budget. I’m a current Qube user and looking forward to the Family features later this year which include Kid cards and chore/allowance trackers.

[@icon183]

Yes! Companion Account starting Beta testing today in fact with an anticipated release by month's end.

[@LorrieLBrown4Ltk.USA.50.STATES]

Which of these banking apps will support the following; Lance, Found, CreditSesame (or) CreditKarma? A lot of banking apps actually use Plaid, but still won’t provide third party access through the Plaid platform, and it’s super annoying to say the least. Would you have any idea which app accepts both banking, and debit cards from any bank? Please advise. Thx! 🙂 I love your videos, they are extremely informative!

[@AndrewLetendre]

Nice video bud... i like the cameo of yourself 😂

[@MagnifiedMoney]

Haha thanks 😅

[@Krissinator]

I have ADHD and struggle with budgeting so this seems like it may be a good fit -- literally makes me stop and think about my impulse purchases

[@AnotherTekGuy]

Another Great Review. ...a lot of good features.

[@MagnifiedMoney]

Thanks! 👍

[@diegocaracasfc]

Why did you say others track transaction after doing? Regarding the other apps, you explained that you need to select the pocket or envelope where you want to debit your money from before actually doing the transaction, so how is that different?

[@facepalm5134]

Probably just because this makes you do it beforehand. No available balance unless you have an already set up Pocket for it

[@arthurwood7525]

Do you still use and recommend

[@BrianJoslyn]

I can't say I like having to have a separate 'actual' bank account linked to Qube. This defeats the purpose, most especially for anyone that specifically only wants/needs ONE (bank) account.

[@MagnifiedMoney]

Thats a great point which is why I really see this as a budgeting platform more then a bank haha

[@icon183]

@@MagnifiedMoney Direct Deposit is available so it can be just one account.

[@ne9835]

Yeah...

[@joshuapiatt3713]

This is wayyyy to munch.... Simple was well Simple 😭

[@MagnifiedMoney]

Haha fair point. Thanks for the comment!

[@royengelhardt8640]

Lazy

[@propertyresults9695]

Starting using this a couple days ago and almost have all my bills loaded in! Anything like this for business?

[@leavalones4360]

Try Relay Financial

[@jeanettemccay]

capital one savings is way better for me. i can seperate spending and savings so its better for me. i do have it i just dont use it much

[@zhataviyuslord1155]

I got money on my card and it told me unsuccessful purchase

[@barbterhaar9285]

Trying to find my way

[@angelstar4053]

😆 😆 😆 I love everything about this

[@ELPCOTILLION-SD1970]

Well This Is New...I've Never Of Qube Till Now...

[@lindymoriarty434]

❤❤❤

[@JosephDicasio]

I think this is the closest to Simple

[@MagnifiedMoney]

I completely agree! Thanks so much for the comment!

[@AnotherTekGuy]

No support for ACH debits...no savings goals yet either...once they line that out, y’all might be right.

[@icon183]

@@AnotherTekGuy We can do ACH debits currently they just don't route to a specific qube yet. This should be out within two months though. Goals also. ;)

[@AnotherTekGuy]

@@icon183 👀 looks like you don’t have it then. I’m looking forward to seeing you guys evolve...i use it for a few of my bills now.

[@jsphfalcon]

Qube money shutdown my account due to irregular activities. I would wait another year before putting more than $50 into your account. Not for a year

[@livelaughsmile2431]

They did the same thing to me as well

[@linseyjensen2378]

This is what happened to me. I wish I would have looked closer through these KZbin comments before signing up

[@destrvktive]

I kinda just want the coolest looking card at this point lol

[@dccharged6889]

Same!! 😂😂😂

[@MagnifiedMoney]

Hahaha agreed! Thanks so much for the comment!

[@icon183]

Who has the coolest card so far? Chase has a cool one with Darth Vader on it. ;)

[@mdmcglothlin]

What happens when you lose your phone? Tragedy....

[@SpencerDave-x4r]

Claude Lane

[@tc_shooter1846]

That girl was rolling up that hundred to do some blow she had a qube for it lol

[@sagor_aahmed]

I want to earn money by working online with mobile help me

[@MandaLynn007]

This is a great program until your phone dies 🙄

[@MagnifiedMoney]

Hahaha fair point! Thanks so much for the comment!

[@royengelhardt8640]

Wrong do your research

[@MandaLynn007]

@@royengelhardt8640 Care to elaborate? Because last I checked unless you leave a desired qube unlocked for set time or funds in the safe to spend you're SOL. Btw I am a Beta.

[@icon183]

Can I ask how often your phone dies? However we are working on a few options to take care of that.

[@AnotherTekGuy]

Facts

[@txsilentknight]

Qube money vs envel

[@MagnifiedMoney]

Thanks so much for the great suggestion! I've added it to my list of potential video ideas!

[@icon183]

The big difference is that Envel is still post purchase tracking, as I understand it. You can click a category, spend, and it will deduct from that category, but if you just swipe your card you then have to categorize which many people forget to do until they've all piled up. YNAB even has a "start over" feature because this issue is so common and why so many people hate budgeting. With Qube it's easy - Tap, swipe, done!

[@royengelhardt8640]

So many are lazy