Do you guys linked your bank account with seedly apps? - Seedly
 

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Asked by Anonymous

Asked on 05 Dec 2019

Do you guys linked your bank account with seedly apps?

Is it safe? Please advise, am new and noob here haha

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Answers (21)

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Bjorn Ng
Bjorn Ng
Top Contributor

Top Contributor (Dec)

Level 9. God of Wisdom
Answered 4w ago

Hey there,

No I don't.. Too much additional hassle and tracking to do! But I do calculate and track my bank account $ every month on my excel sheet.

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Junus Eu
Junus Eu
Top Contributor

Top Contributor (Dec)

Level 9. God of Wisdom
Answered on 06 Dec 2019

Personally I don't, mainly because it's additional hassle for me to check for double counting.

I can roughly gauge how much I spend each month, and just exercise overall prudence in my spending.

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Kenneth is going to be very sad reading all the replies.

Sorry Kenneth! I don't link it either. I track on Excel.

But anon, it should be safe. So don't worry and go ahead.

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Kdz
Kdz
Level 4. Prodigy
Answered on 08 Dec 2019

Hi Anon,

Firstly, I am not part of seedly nor have I receive any benefit from them.

So here’s my thoughst: I believe that the seedly application can be helpful to individual who are new in managing their personal finance. It’s like a one stop application to view and manage your finances.

In terms of security I believe like many tech start-up it’s their primary priority you can find an overview of their efforts here , the co-founder also mentioned it in his interview here. If you are really concern you can read their privacy statement here or their terms & subscription agreement here. They also seems to provide updates when there are any security changes.

However, you still need to do your due diligence and decide- like how you would when you use all other services online. I would say give it a try using your small accounts first then make your own evaluation to continue or close. Best wishes.

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2

I just did! Seedly is a good company with a strong reputation.

Here is some feedbacks

OCBC linkage- it took some time and then it was disrupted it said error. So tried again, and then error. I gave up and tried another bank to link, and then I found out OCBC is linked already. lol

UOB linked- it only offers me SMS or Token (and no mobile banking app authorisation) and when I selected SMS, it brought me to UOB mobile app to authorise it. After a long wait of 5 minutes, the sync is live!

So far so good, been exploring for 30 minutes, Its quite easy to look and understand it.

Used to use Mint and some other USA personal finance apps so looking forward to Seedly blooming!​​​

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Chung Ka-Shing
Chung Ka-Shing
Level 4. Prodigy
Answered on 08 Dec 2019

I don't do it myself but it should be safe. Mentally I have a good enough idea of what I spend on.

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Einn Hann
Einn Hann
Level 3. Wonderkid
Answered 4w ago

I did, but everytime need sync and it take quite a long time. It doesn't support DBS now. So I stop using it already.

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R
Ranvier
Level 2. Rookie
Updated 4w ago

I used it for almost 2 years already. So far it's looks safe to me.

But their AI for differentiating transaction under the correct category still have room for improvements.

Most transactions are identified correctly but for those that it wrongly identify, it doesn't seem to be able to learn from me, whenever i move them to the category i want.

Because the same exact transaction at the next import, it will still remain at the wrong category.

I have suggested a number of things to their development team but i was informed that they are currently concentrating on other parts of the seedly community right now.

However, they will come back to concentrate on the development of seedly app soon i guess.

Therefore, I'm really looking forward to their next big upgrade to the app to see if they do incorporate my suggestions into it as i really really need these as i need to differentiate my total work and personal expenses as i use only 1 bank account for everything.

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I
Islyn
Level 2. Rookie
Answered 4w ago

Nope as I don't trust the security.

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KL
Kenneth Lee
Level 2. Rookie
Answered 4w ago

No I don’t, I prefer to keep my info private with the bank.

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JO
Joanne Ong
Level 4. Prodigy
Answered on 10 Dec 2019

Nope, I don't link it to the bank accounts but I think, not because of the security concerns. I trust that seedly would have that covered.

But because keying in your expenses yourself would be more a more accurate way of tracking as CC details may take a few days to appear in the statement.

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Felicia Lee
Felicia Lee
Level 3. Wonderkid
Answered on 10 Dec 2019

Nope I don't use the Seedly app to track because I spend mainly on my CC first and pay at the end of the month. So I like to set a manual budget and deduct from there

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Kang Jianbin
Kang Jianbin
Level 4. Prodigy
Answered on 09 Dec 2019

Of couse not. It is safer to keep your finance confidental.......

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VC
Vicki Chng
Level 6. Master
Answered on 08 Dec 2019

Nope I don't as I don't use the seedly apps!

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Isabel Wong
Isabel Wong
Level 6. Master
Answered on 07 Dec 2019

Nope I don't. I'm currently using another app to tract my spending but I don't link my accounts to it too.

Despite security measures in place, its still better to be safe. Also, if you track your expenses daily there is no need to link your bank accounts.

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Kim Heok S
Kim Heok S
Level 4. Prodigy
Answered on 07 Dec 2019

I did not, but it should be safe.

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Yanisa Koh
Yanisa Koh
Level 6. Master
Answered on 06 Dec 2019

No, I don't. Not sure yet whether it's safe or not but feel like it's going to be troublesome.

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Hwee Kian
Hwee Kian
Level 7. Grand Master
Answered on 06 Dec 2019

No, I don't. I think seedly app probably has considered security before rolling out their app but I think it's a good question you raised and only Seedly folks can answer them with clarity.

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Eveline Lau
Eveline Lau
Level 6. Master
Answered on 06 Dec 2019

I don't - I tried using it to track my spending (by linking my credit cards) but it just doesn't work very well for it. Some of my spends were double counted etc, which makes it even more complicated for me.

As for the safety.... Till now, nobody complained about leaked data. If you based it on track record then you can say it's safe.

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Choon Yuan Chan
Choon Yuan Chan
Top Contributor

Top Contributor (Dec)

Level 9. God of Wisdom
Answered on 06 Dec 2019

I don't. But personally i don't its safe, if our Seeldy friends here do value security when they were designing the app for their customers.

Could Seedly prodcut development team weigh in about how well they thought of the security aspect of their app?

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