Nice how it includes any and all spending.
Wonder if topping up my revolut from algbra would give me cashback.
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one way to find out!!
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Ah so it’s capped at £10 a month? Still good 
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Weird. I ordered blue, which I was totally behind, and it arrived without issue. Who’d-a-thought?
Shooketh. 
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The Dursleys would not be happy.
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Yesterday I decided to chase up my application. On the good side, I got a reply pretty quickly. They asked a few questions, I responded immediately. Since then, more silence.
I like to give the benefit of the doubt but this is a bit ridiculous for a company claiming a 24 hour turnaround, if not better. I suspect the account will not be worth this much faff.
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Imagine stripped back basic revolut.
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I’ve used the card once, on 8 November. The transaction still shows twice in the app, once as a cleared transaction and once as a pending one. Both transactions show against my available balance, so the app currently shows me with a negative balance.
I won’t be using it again until this is fixed - and the fact that it hasn’t been in two weeks doesn’t fill me with optimism.
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I’ve just used on a short trip to the canaries.
No issues whatsoever.
Just have to get my head around the conversion- displays as £ to € - 0.87 or 0.88 rather than €1.13 or 1.14.
I even tried a top up and transaction straight after - it worked perfectly- compared to Monzo once where it didn’t.
I’ve offset my transactions but not the flight 
The cashback has taken 4-5 days to be paid out - it just puts it into your account.
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Even transferred cash out to another account - less than 60 seconds - does say Algbra on the transaction fees but that was with NatWest.
I’ve probably only done 25-30 transactions- 2 didn’t get notifications - well I wouldn’t as the iPhone was in do not disturb.
Whether it was Monzo, starling, dozens, N26 - all tested fairly early abroad just to see how they work.
Always carry a back up card in case (learnt the hard way in beta).
Not sure how the 1% cashback is financed though.
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Some loss leader, they must have deep pockets somewhere
So how do we pronounce this company?
Elg-bra?
Al-ge-bra?
It’s very confusing.
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I redownloaded the app mainly out of curiosity. I have to say, it has a really nice look and feel to it. I’d even go to say that it has the nicest look out of all the ‘fintech’ banks, if not a little revolut like.
But that’s where it stops for now. The signup was for me very flaky, I had to keep waiting for magic link emails to re-send (why the 10 min limit) as they kept failing. Plus the things I’ve read both on here and trustpilot mean I’m not prepared to use it any further at the moment.
One to watch though, if they make it and dont go bust/get aqquired looks like a really interesting journey.
So I was keeping a bit of an eye out about Algbra to see how they do as I do like the ethical/sustainability idea behind it.
I tried to sign up last month and they were just doing a ‘sign up to our waiting list and we’ll let you know when we’re ready’ and I never heard anything back (maybe it got junk mail filtered?).
Anyway - thought I’d give it a go and download the app again and see if I could sign up - and it did all go through without any hiccups.
The signup for me was very straight forward - had to confirm email, then my name and address and then upload ID documents and take a video but it all went through without any issues - took about 5 mins.
I do like when you give them your address it pops up with a 3D map of the area and asks you to confirm this is the right place - that’s a nice touch.
One thing missing at the moment appears to be Apple Wallet (and I assume Google Wallet) support - I assume that’s a work in progress and when you register you get to choose a virtual card or a physical card and the virtual card is only really any good for buying things online and not day-to-day shopping. Seems silly to have a virtual only card option, but then not offer to setup in ApplePay/Google.
There’s other evidence of the ‘work in progress’ on it (which, to be fair, they’ve only just launched so ‘give em a break!’) but in ‘Card Settings’ it says ‘Set Limits, rename card or delete and more’ and at the moment all you can do is rename or delete and deactivate the card.
The app is very very like Revolut though - so much so that I suspect it’s a ‘white label’ version of Revolut under the covers.
When my physical card arrives sometime next week, I’ll stick some cash in the account and see how I get on spending money from it…
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I’m starting to think this. I know that @N26throwaway mentioned that it was mainly down to design standards but some of the views/graphics are identical. So my guess is they’re using whatever platform Revolut are using and re-using design elements from it.
Lovely looking app by the way and I gave into temptation and ordered another black card, mainly for collection but I might be tempted to stick a few transactions through to see how it goes. I’m still not really prepared to use it for any more than that, currently.
Who knows what may happen in the future though, that app is the nicest one I’ve seen yet.
I watched one of the initial videos that the co-founder produced and he was pronouncing it “al-ge-bra” as in the maths side.
Interesting video here for those who might be interested (was filmed a good few months ago)
- How tracking the footprint is only the start, but it’s useless if they can’t take easy steps to change it, so they are looking into automating it with partners
- How they “could have” just sold the platform to businesses, but “chose not too”
- Big push to avoid any companies that mean investment in Arms, Tobacco and other things
- Mastercard were a big signup to a “world first” eco-first organisation
A lot of good, and some fluff, but the video is below for you to make your own conclusions
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Finally a fintech that utilises the Apple Maps API vs Google. I don’t think this looks too bad but a little rough here and there.
Card worked fine, for some reason it wouldn’t work contactless so I had to put the pin in but I think that’s because it was the first use.
No mention of Apple Pay on the roadmap, hopefully not too long.
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Looks like a nice UI overall to me, I like the illustrations for the category.
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