Plum

Plum is a personal finance app for saving, investing and managing spending with automation. It reviews transactions and balances from a supported current bank account in the user's own name, calculates an amount to set aside, then transfers savings by direct debit every 4–5 working days. Listed rules include automatic, round-up, weekly, payday and no-spend options on all four plans; rainy-day rules are included on Pro and higher plans. The plan comparison lists Plum Interest money market funds, US stocks, cryptocurrencies and ETFs on every plan. Basic is free, while the listed paid plans cost €3.99 monthly for Pro, €7.99 for Boost and €9.99 for Premium; a 30-day trial is listed. The app is available on Android and iOS in the UK, Ireland, France, Spain, Portugal, Italy, Belgium, the Netherlands, Greece and Cyprus for users aged 18 or older. Plum says it uses read-only transaction access and encryption, and notes that e-money products are not covered by FSCS. It supports only current accounts in the user's own name as primary linked accounts; business, savings and joint accounts are not supported for that purpose.

Plum combines recurring automated saving with spending tools and listed investment options. Consider its account-linking restrictions and the stated FSCS exclusion for e-money products.

Plum suits adults in its listed countries who want automated saving and access to listed investment options through a mobile app. It is not suited to users needing to link a business, savings or joint account as their primary account.

Plum is a personal finance app for Android and iOS that automates saving, offers investment choices and adds spending controls. It suits adults with an eligible personal current account who want regular transfers without managing every payment manually. The paid tiers are most useful when you need more pockets, richer tracking or faster support.

Its automation is the main attraction, but account eligibility and the treatment of e-money balances are important boundaries for anyone deciding whether it should hold a central role in their finances.

Overview

Plum reviews activity and balances in linked bank accounts, estimates an affordable amount, and sends money to savings by direct debit every four to five working days. The service also combines card roundups, scheduled transfers and custom rules with pockets for separating goals. Investments include Plum Interest money market funds, US stocks, cryptocurrencies and ETFs.

The app is offered to users aged 18 or over in the UK, Ireland, France, Spain, Portugal, Italy, Belgium, the Netherlands, Greece and Cyprus. In Spain, listed Open Banking connections include BBVA, Santander, CaixaBank, ING, N26, Revolut and Wise. Only a current account in the user's own name can be the primary connected account; business, savings and joint accounts are excluded for that purpose.

Founded in 2016, Plum is based in London and has offices in Athens and Nicosia. Its founders trace the idea to a saving challenge started in 2014. For more tools built around regular saving, see Automated Savings Apps.

Key features

Automated saving and rules

Transfers every four to five working days make saving a background process rather than a monthly chore. That suits people who prefer gradual contributions, while users with irregular cash flow should watch the timing of recurring debits. Automatic, round-up, weekly, payday and no-spend rules are included across all four plans. Rainy-day rules start at Pro, so the free tier does not provide every trigger.

Pockets, spending and investments

Pockets separate money for distinct purposes. Basic provides one pocket and no pocket goals; Pro adds three pockets including the primary pocket and goals; Boost and Premium provide up to 15. Boost and Premium also include the full spend tracker, price alerts and recurring investments, whereas Basic and Pro have a limited tracker. Instant withdrawals reduce the friction of moving money back out when plans change.

Bank connection and safeguards

Plum says it does not store or access bank login details and uses read-only transaction access, AES encryption for sensitive data and 256-bit TLS between browser and server. It says it is registered with the UK Information Commissioner's Office and identifies regulated payment and investment entities in its disclosures. E-money products are not covered by the FSCS; funds are held in segregated accounts under safeguarding rules. Support in Spain is offered seven days a week in the app or by email.

Pricing

Plum uses a freemium structure, with a 30-day trial and paid plans from £3.99 per month. The plan comparison is priced in euros:

Basic is the sensible starting point for simple automated saving, but its single pocket and lack of goals constrain organized planning. Pro is the lower-cost choice for goal-based saving without the full spending suite. Boost is aimed at users managing many pots or wanting recurring investments and alerts. Premium costs €2 more than Boost for priority support, so it is only justified when faster assistance matters.

Platforms

Plum runs on Android and iOS.

Who it's for

Choose Plum if you have a supported personal current account and want saving decisions and transfers handled automatically, with investment options alongside pockets and spending tools. It is less suitable if your main account is a business, savings or joint account, or if FSCS-covered e-money protection is essential to your choice.

Pros and cons

• Pros: Transfers are calculated from account activity; multiple saving rules, roundups and scheduled payments support different habits; investment choices span money market funds, stocks, crypto and ETFs; withdrawals are instant.
• Cons: Primary linking excludes business, savings and joint accounts; Basic is limited to one pocket and omits goals; the full tracker, alerts and recurring investments require Boost or Premium; e-money products are not FSCS covered.

Alternatives

Betterment is the alternative to consider if you want Android, iOS and web access with separate Digital and Premium investment plans.

finbee suits readers seeking a free saving service with plan-specific history limits and bank-transfer caps.

Guac is another freemium automated-savings option available on mobile and web.

SavingsBox is worth considering for savings boxes, wallet functions and a limited AI coach on its free plan.

Amini is a free mobile option where transfers between Amini users cost nothing.

Chip offers free access to savings accounts, with autosaves charged per save on its Basic plan.

Goin combines automatic saving, investments and rewards, with a paid Pro tier for expanded benefits.

PayDay is a free Android, iOS and web service built around automatic pay detection and split rules.

Verdict

Plum is a strong choice for adults who want recurring, rule-based saving and investment options in one mobile app. Its main reasons to look elsewhere are restrictive primary-account linking and the lack of FSCS coverage for e-money products; readers comfortable with those conditions will find the free plan a useful entry point and Boost the most capable paid tier.