Flyte Kids Invest, Save, Spend 12+

Love it! Love it! Love it!

After using this App for 6 months now I think it’s brilliant, and another way for me to save money effortlessly... it wasn’t what I was expecting initially as I thought the round-up amounts from purchases would be debited instantly instead of weekly but this doesn’t matter!
Interested to read what others think of the App, and to clear some comments up even though the rates are approx $1 a month after the initial 3 month period, the money I’ve accumulated is still more than I would have saved without using this. It does take a while for the money to be debited and then settle but after the first few have gone through it’s a nice regular pattern.
Love logging into this friendly App and looking at how things are going, along with reading the newsletters, articles, rewards on offer and other interesting bits!
How would I improve it? possibly by linking my other accounts to it and debiting round-ups from those accounts instead of my main account... although not sure that would be possible?
Thanks Loved??

Developer Response ,

Thanks for your great review! It is much appreciated by the entire team.

Reach us anytime at help@loved.com

BEWARE huge red flags with this app

I opened an account in 2020 when my daughter was born thinking this would be an easy way for friends and family to send money directly to her brokerage account. It wasn’t. There’s no way for an adult to send money without opening an account for THEMSELVES first or they could wire it but most banks have a $30-40 wire charge.

I set up a $100 monthly auto investment for my daughter and largely forgot about it for a while. I’d log on now and then and would see the balance increasing so I thought everything was fine. One time it said the Plaid connection with my bank was broken and needed refreshed so I connected it and it withdrew HUNDREDS of dollars from my bank BY ITSELF. Apparently they had been crediting her account $100/month *without* withdrawing it from my bank so when the bank connection was reestablished the backlog of transactions were pushed through. HUGE HUGE HUGE RED FLAG PEOPLE. So I decided to withdraw her money and just use something I feel safer about like E*Trade. THE WITHDRAW BUTTON DIDN'T WORK. I had to open multiple support tickets and over a week for it to work and get the money out. It literally felt like a scam like FTX or MtGox where the withdraw buttons just stopped working. HUGE HUGE RED FLAG. I wouldn’t trust this place to be a custodian of any meaningful amount of money, you’ve been warned.

Really helpful saving app

Decided a few months ago that I wanted to start saving small amounts of change, and nervously downloaded the Loved app (I say nervously because I didn’t know too much about it). However, easily connected my account to my bank account, and whenever I spend money on my debit card it rounds it up to the nearest pound and the pennies get transferred across the following Wednesday to Loved. Since doing this I’ve saved $200 just from rounding up, and gained a return of 9 per cent - much higher than the savings accounts out there offering. With the stock market being so low due to covid, I can only imagine when the economies improve that stock prices will rise - so a very good time to invest in my opinion. I do wish the round up appears into money box instantly rather than the following week, but it’s done the trick and I am investing and making a return on my money! It’s made me want to save more!

Developer Response ,

Thanks for your great review! It is much appreciated by the entire team.

Reach us anytime at help@loved.com