OpenMoney Reviews 

183
TrustScore 3.5 out of 5

3.7

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Rated 1 out of 5 stars

I have been with OpenMoney for a few years with little issues, until I decided initiate a transfer out of my OpenMoney ISA into another company (standard process normally taking 30 days). 3 mont... See more

Rated 5 out of 5 stars

We were due to remortgage and contacted OpenMoney to help. We were put in touch with Karina who was just brilliant, she was always available and very helpful in her explanations. It was incredibly str... See more

Rated 5 out of 5 stars

I needed a lot of guidance over a period of a few months as I was fairly overwhelmed and didn't know where to start. Ryan Browns helped me along all the way. He was exceptional at explaining everythin... See more

Rated 5 out of 5 stars

So far so good. I had a slight problem understanding how to set up the account so I took advantage of the call back option. They explained the mechanics and Also explained pension taxation to me in mo... See more

Company replied

Company details

  1. Investment Service

About OpenMoney

Information provided by various external sources

OpenMoney are here to make financial advice accessible and affordable to everyone.

They offer personalised financial advice through their online platform and offer tools in their app to help people follow that advice and get out of their financial cycle.

Within the app, users can connect all their accounts to the OpenMoney app to see all their money in one place. Once connected, OpenMoney will then start advising you on how to manage your money properly. Sounds great right!

They also offer a personalised recommendation on whether you should manage, save or invest your money, and help you every step of the way.

Based on your goals and financial situation OpenMoney lets you invest from as little as £1 - cheaper than your morning coffee! As well as creating your own diversified portfolio in which they invest in assets from all over the world including shares and bonds in companies and governments worldwide.

Finally, Financial Advice for all.


Contact info

3.7

Average

TrustScore 3.5 out of 5

183 reviews

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3.7

All reviews

(183)

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Rated 1 out of 5 stars

Awful experience

Awful experience, mislead with registration and overall really bad experience, wouldn't trust putting my money with them

September 5, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Stuart,

Thank you for leaving an honest review. We're sorry to hear that you felt mislead with registration and had a bad experience with OpenMoney.

We'd love to understand why you felt mislead when registering with us. If you'd like to get in touch with us to discuss, you can contact our support team on web chat between 9am and 8pm on weekdays or via email at hello@open-money.co.uk.

Thanks,
The OpenMoney Team

Rated 1 out of 5 stars

So difficult to open an account

I spoke to someone on Tuesday who told me my account was set up. Upon opening the app to proceed, I get a message telling me they need more information from me and that one of the team would be in touch soon. I'm still waiting to hear from them over 48 hours later despite me ringing their helpline. I'm very disappointed in your customer service OpenMoney

September 5, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Tony,

Thanks for leaving us your feedback. We’re sorry for the difficulties in setting up your account. There was a technical issue with one of our providers which held us up processing you through the account set up.

I believe my colleague, Adam, has been in touch with you to arrange your account set up. We apologise for any inconvenience we’ve caused. If you have any further questions, you can contact our support team on web chat between 9am and 8pm on weekdays or via email at hello@open-money.co.uk.

Thanks,
The OpenMoney Team

Rated 1 out of 5 stars

Slow and unstable app

Came off the app after ten mins of waiting for it to keep loading the next screen. Then it kept closing and freezing when re-opened. Would probably be a good app if it was quick and stable

August 21, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Louise,

Thanks for leaving us an honest review and we apologise for the inconvenience of the app not working correctly. We are aware of some technical issues with the app and we will be releasing updates to fix them in the coming weeks. Hopefully, this will make the experience of the app much smoother for you.

If you would like to speak to out friendly support team about any other issues in the meantime, you can do so on live webchat at https://www.open-money.co.uk/.

Thanks,
The OpenMoney team

Rated 4 out of 5 stars

Like the idea of simple saving ideas…

Like the idea of simple saving ideas for the future, so be as big or small as you like. All information is available in the app to see at a glance. Looking forward to having a long relationship with OpenMoney and seeing my savings grow.

July 25, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Steven,

Thank you for your honest feedback, we really appreciate it!

We'll be updating our app with new features and fixes in the coming months. Hopefully you can use it to help you save even harder.

Thanks,
The OpenMoney Team

Rated 3 out of 5 stars

Review

I like that this is a communicating tool. That help you with finanical decision.

July 25, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Saleem,

Thanks for leaving us a review, we really appreciate it.

If there's anyway you think we can improve our service, please let us know by emailing hello@open-money.co.uk.

Thanks,
The OpenMoney Team

Rated 5 out of 5 stars

Straight forward and easy to understand.

Found the experience really straight forward and the advice easy to understand. I was really happy that my advice recommendation was free and I only have to pay now that I have my ISA and portfolio of investments, although still cheaper than my pension (which is held with another provider). Really like the concept of online advice and would recommend.

July 25, 2019
Unprompted review
Rated 3 out of 5 stars

Pretty good

Pretty good, but not something you can't do yourself with your banking app...

July 23, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Vas,

Thanks for your honest feedback, we really appreciate it.

We will be updating and improving our app in the coming months to add more functionality.

If you have any feedback you'd like to share with us directly, please let us know by emailing hello@open-money.co.uk.

Thanks,
The OpenMoney team

Rated 3 out of 5 stars

It's been really hard to start my account

It's been really hard to start my account with them

I've tried to set up my account on the app and I keep on coming up with some problems. However, I arranged a phone call with them to discuss what my plan should be and the call both educated me and helped me decide how I'd run my investments.

Shame that the app is a bit buggy

July 23, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Jack,

Thanks for the honest feedback, we really appreciate it!

We apologise for any problems you have encountered in setting up your account in the app. We're constantly working on improving our app and we'll be releasing new features and bug fixes in the coming months to improve our service.

In the meantime, if you have any other issues or would like any more help from one of our friendly support team, please get in touch via our live webchat online.

Thanks,
The OpenMoney team

Rated 4 out of 5 stars

havent got around to using them so far…

havent got around to using them so far - but website at least seems to be clear and stright forward - so hope any future dealings will be the same :-)

July 23, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Nigel,

Thanks for your honest feedback - we hope to see you using our service soon!

Thanks,
The OpenMoney Team

Rated 5 out of 5 stars

Clear and transparent.

I’m looking for clear and transparent financial advice. Don’t mind paying for advice but I’m suspicious of the reward system for IFA’s. I’m still researching Open Money but it appears to be exactly what I’m looking for.

July 22, 2019
Unprompted review
Rated 5 out of 5 stars

I've been investing for over 3 months…

I've been investing for over 3 months now and I'm in the green. Open money are there to answer any questions i have asked with a quick response. I'm happy investing in openmoney.

July 22, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Karl,

Thanks for your honest feedback and glad to hear you're happy with the service so far!

Thanks,
The OpenMoney team

Rated 4 out of 5 stars

A straightforward and useful service…

A straightforward and useful service with a helpful support team available via livechat. I haven't used it much yet but when I have contacted support due to an issue caused by myself they were helpful in sorting it very quickly.

July 22, 2019
Unprompted review
Rated 5 out of 5 stars

Great Service

OpenMoney has really helped me take better control of my finances and manage my money a lot better.

July 22, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Michael,

Thanks for the positive feedback!

The OpenMoney team

Rated 5 out of 5 stars

Great product

July 22, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Corinne,

Thanks for the positive feedback.

The OpenMoney team

Rated 5 out of 5 stars

Great website and easy to use

Very easy to use site, friendly and accessible customer service who were very quick to help. Would definitely recommend!

July 22, 2019
Unprompted review
OpenMoney logo

Reply from OpenMoney

Hi Charlotte,

Thanks for the feedback and happy to hear you found our customer service team helpful. We really appreciate your feedback!

Thanks,
The OpenMoney team

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