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Sweeping - Any apps that do this?
Kamina
Posts: 1 Newbie
I saw that HSBC started allowing third-party providers to do sweeping through it's Open Banking API
Does anyone know of any apps/services that is actually offering this?
All I can find are the usual budgeting apps which take money from your current account and put in a savings pot on the app, but what I'm looking for is something that automatically transfers money between a current and savings account within the same bank ensuring a certain level of balance remains in the current account (aka sweeping)
HSBC themselves don't appear to provide it (their customer service had no idea what it was)
Thanks
Does anyone know of any apps/services that is actually offering this?
All I can find are the usual budgeting apps which take money from your current account and put in a savings pot on the app, but what I'm looking for is something that automatically transfers money between a current and savings account within the same bank ensuring a certain level of balance remains in the current account (aka sweeping)
HSBC themselves don't appear to provide it (their customer service had no idea what it was)
Thanks
0
Comments
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May be you can achieve what you want with IFTT at Monzo.0
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Metro bank appear to support internal sweeps.
Virgin allow balance alerts to trigger payments between accounts.
TSB spend and save has an auto balancer.
Note: I don't use any of these, and these would tie you to the banks own savings accounts, which don't tend to be competitive for long.
I too am looking forward to the arrival of open banking sweeping, but this will obviously also require the savings providers to support it.
Not many even support the current open banking methods apart from acting as a client to trigger an incoming faster payment from a current account via OB
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