The standard free version of Emma allows tracks your subscriptions, set up monthly budgets, track your payday and make payments within the app.Įmma Plus, Pro and Ultimate offer extra features. Key features: In a bid to cut your spending and make the most of the money you have, Emma is another app that links to bank accounts and other financial products, analysing the information to make suggestions on wasteful subscriptions you could cut. EmmaĬost: Free for standard Emma £4.99 per month for Emma Plus £9.99 a month for Emma Pro £14.99 per month for Emma Ultimate. After that, you'll need to select which accounts you want to link to, and you'll also need your login information for these. You'll have to provide some personal information to get the app started - this can vary, but you'll usually be asked for your name, mobile number and email address, before being asked to set security details such as a password and a Pin. Make sure it looks like the images and videos we've featured below. You can search for the name of the app you want to try, and then download it to your phone.

To get started, you'll need a smartphone that has access to either the iOS App Store or the Google Play store. The apps listed here are all regulated by the Financial Conduct Authority (FCA), and either appear on the list of approved providers on, or access open banking via a listed firm. We've listed just a few that can help with your budgeting and savings goals. There are some 231 third-party providers currently listed by the Open Banking Implementation Entity (OBIE), which is the body set up by the Competition and Markets Authority (CMA) to set standards and guidelines for open banking. Watch our short video below to find out which budgeting apps could help you save money: However, when we asked those who were interested in using finance apps, more than half of the respondents said they'd like to have an overview of all of their accounts, and around four in 10 said they'd like help with budgeting.įind out more: how to plan an effective budget Video: budgeting apps to help you save While more than three million people already use open banking, just one in 10 Which? members use a finance app that's not provided by their bank, according to a survey we carried out in February 2021. From getting an overview of all your accounts in one place, to developing algorithms to squirrel away extra savings without impacting your normal spending habits. Third parties that access your data can use it in a wide range of ways to help you manage your money more effectively.

These banks can now share your data with third parties safely, by plugging into feeds called Application Programming Interfaces or APIs - but, crucially, only with your permission.įind out more: open banking explained How can open banking help you budget?

Open banking is an initiative first launched in January 2018 to encourage innovation in financial services.Īs part of this, the Competition and Markets Authority (CMA) ordered the nine biggest current account providers (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, RBS Group, Santander) to unlock customer data.

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