HSBC ‘Connected Money’

@Georgia1996 Hey Georgia, I’ve just merged your topic into this one, so we can all discuss this in one place. Thanks!

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More importantly, what do you think of this app? Are you a HSBC customer?

My legacy account is with RBS so I don’t have first hand knowledge of Connect Money’s utility but from the current 4.4/5 :star:️ rating on the iOS store it appears that for those who manage to get up & running with it they find it very useful.

It’s early days. Doesn’t have all the banks. And there’s no way to remove accounts once you’ve added them. Support have confirmed this.

Did anyone read the privacy policy? I agreed to it before actually looking at it but now I’m wondering why I’ve given HSBC details of every financial transaction I make. It could be more valuable to them than credit scoring. They might say they won’t be increasing my credit card limit anytime because I spent too much in a casino or I buy too much takeaway.

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That’s a good shout. Is their anything specific that you’ve seen in the privacy policy that’s alarmed you? I doubt they’d prejudice you based on this app without you knowing though as the credit score is still going to be king when it comes to down to it.

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A basic account is also the only type of account people who are insolvent are allowed to have, so there’s a real need for some banks to provide this service.

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Has anyone downloaded and tried the app out yet?
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I recently gave some thoughts on it in relation to some other account aggregators in a different thread

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Word of warning for anyone considering trying HSBC Connected Money. The app does not yet have a function to remove accounts, which is a pretty ridiculous omission. Not sure yet if accounts can be removed via email/phone support.

@Theodore - can I suggest you change the title of this thread to ‘HSBC Connected Money’ so its easier to find?

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It appears someone at HSBC is a fan of Monzo Pots…

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Sorry to resurrect an old, old post, but had an email recently from HSBC. Apparently the Connected Money app is being discontinued and its features rolled into the main HSBC app from September. So, that should be interesting…

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Makes sense to roll in into one app (which I think was the main feedback from the trial).