App feature 4: Save on your bills

Binyamin Ghaffar: Digital Marketing Apprentice

January 15, 2021

We’re thrilled to announce that we’ve launched a new feature in our OpenMoney app which will help you find cheaper deals on your broadband, energy and mobile bills and save more of your hard-earned money!

According to our latest Advice Gap report, 25% of people asked said one of the main causes of financial difficulties within households is one off payments and unexpectedly high bills. With that in mind, we’ve partnered with Decision Tech, part of Moneysupermarket Group, to provide customers with the ability to save money on their bills and switch energy, mobile and broadband providers in the simplest way possible.  

How it works

Energy

To provide you with the best energy deals, we first look at your transactions to identify any recurring payments to your current supplier. Once we’ve found out who your current energy supplier is, we then ask you for your home address - this is to make sure that we provide you with an accurate and up-to-date quote from the energy suppliers. Once we have all this info, we’ll show you a quick quote that shows you how much you could be saving by switching supplier!

If you're ready to go ahead with your switch, you can do this all within the OpenMoney app with just a few clicks. The switching process is all handled by your new supplier which means all the hard work is done for you. All that’s left for you to do is sit back and relax, knowing you've just saved some cash.

Broadband and mobile

That's right we're not just talking about your energy bills here! Our app also can show you the best broadband and mobile deals currently available on the market. Simply enter your postcode to see the best broadband deals, or tell us the model of mobile phone you're interested in and we'll show you the best offers on the market.

As with all switches, you need to be aware of early exit fees in your current contracts if they are fixed term. For example, if you’ve got a fixed-term broadband contract for 12 months and you’re 10 months in, make sure you understand the costs of leaving, if there are any! If you’re on a rolling contract then you should be free to switch suppliers and start saving right away. For more tips on what to consider when thinking about switching broadband provider, read our blog here.

Saving on your bills made simple  

 Our recommendations for switching will give you the detail on all the important bits such as how much you’ll save across the year and the Trustpilot ratings of each supplier, so you know you’re getting a good service as well as a good deal! You can also get your quotes sent to your email if you want to take some time before deciding if switching is right for you.

If you’ve recently switched your energy suppliers, we’re still able to recommend cheaper deals. You can set up a simple savings alert within the app, and we'll let you know when we've found deals to match your bill saving goals.

How to switch your bills

To find our new bill switching feature just follow a few simple steps:  

• Head over to the OpenMoney app. If you’re a new customer, you'll need to create an account and connect your bank accounts.  

• Once in our app, click the ‘Advice’ tab at the bottom of the screen and you’ll be directed to a page where you’re able to see personalised advice on your finances.

• Scroll down to our ‘Bills’ section

• Click 'Find out more' to see how much you could save on your bills, all in just a few clicks.

We're here to help you make the most of your money and our newest app feature is another way we're making good on that promise! To see how much you could save on your energy bills, download the OpenMoney app today on both iOS and Android.

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