As more and more of us turn to our smartphones to manage our money we thought it wasn’t enough to be on iOS so we’re excited to launch MoneyFarm for Android on the Google Play Store.
This is a step from us to bring you a mobile first investment strategy. You should be able to manage and track your money, any time and anywhere. If you want to start an account whilst on the train you should be able to, unfortunately, most of the investment world hasn’t quite got there yet.
What can you do on the Android app?
With MoneyFarm for Android you can run your entire investment journey, from sign-up, to monitoring performance, right the way through to withdrawal. That can all be done through your phone. Mobiles aren’t just something we use for monitoring things anymore, we transfer money to our friends, pay our bills, why not start investing too? At a time when the savings gap in the UK is growing we need to make investing as simple as possible.
Proof of identity via your phone
When you sign up for any financial service you have to pass something called anti-money laundering (AML). This is to check that you are who you say you are. Sometimes you have to send proof in the form of a driver’s license, passport, or utility bill, and it can really slow down the sign up process. With MoneyFarm you can do this via your phone by simply taking a picture of that document.
Invest regularly
You can also set-up a recurring payment from your phone. With our direct debit feature you can choose how often to send money to your MoneyFarm account. Investing regularly is a great habit to get into, not only do you build your portfolio over time, but you also benefit from compound interest, and pound-cost averaging. Meaning you can make the most of your investment over time.
Security at the centre
You can do all this securely via our app. With the option to set a unique pin. Your account is also linked to your nominated current account, any withdrawal will only ever go to that account, leaving you in complete control of your money.
