• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar

DigiBanker

Bringing you cutting-edge new technologies and disruptive financial innovations.

  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In
  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In

Snoop launches Variable Recurring Payments to supercharge automated saving- allowing users to set flexible, automated deposits from their current account into their Snoop savings account on a weekly or monthly basis

May 23, 2025 //  by Finnovate

Snoop has launched Variable Recurring Payments (VRPs), letting users automate savings with ease and stay on track with financial goals – all powered by Open Banking. Snoop’s new VRP functionality allows users to set flexible, automated deposits from their current account into their Snoop savings account on a weekly or monthly basis – on the day that suits them. This new capability builds on the app’s existing savings features, which already include smart insights and nudges that help customers shift spare cash into high-interest savings. John Natalizia, chief executive officer and co-founder of Snoop said “With VRPs, we’re unlocking a new level of control and ease. This is about building better habits with less effort – and helping people grow their money without needing to think about it every day.” Since launch, the Snoop savings account has gained strong traction. Over 90% of customers fund their accounts using Open Banking, preferring seamless, secure transfers over manual top-ups. The Snoop savings account offers: 4.25% AER / 4.16% gross (variable) interest; Daily interest payments; Easy access: same working day if requested before 11am; Open from just £1, save up to £85,000; FSCS protection up to £85,000 (held with Vanquis Bank Limited). Over 80% of users have set savings goals, most aiming to build an emergency fund. Snoop recommends monthly contributions and nudges users when spare cash is available. This will expand to include advanced sweep rules, roundups, and payday savings, offering even more intelligent automation. Natalizia added “Unlike traditional accounts, Snoop actively helps customers optimise their savings.

Read Article

Category: Essential Guidance

Previous Post: « Success of Pix and UPI is paving way for a three-stage framework for state-led fast payment systems that involves weighting pre-requisites, implementation and scaling and establishing engagement mechanisms and regulatory adjustments

Copyright © 2025 Finnovate Research · All Rights Reserved · Privacy Policy
Finnovate Research · Knyvett House · Watermans Business Park · The Causeway Staines · TW18 3BA · United Kingdom · About · Contact Us · Tel: +44-20-3070-0188

We use cookies to provide the best website experience for you. If you continue to use this site we will assume that you are happy with it.OkayPrivacy policy