Is Woolsocks a bank?

The Woolsocks app gives you a new way to manage your finances!

We are not a bank, but we do offer a way to connect your existing bank accounts.

How you can connect your bank accounts?

It does not matter if you have a single account at one bank or many accounts with multiple banks.
You choose which accounts you want to link and our partner BudgetBakers gathers them all together so that you can view them all in Woolsocks.
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BudgetBakers shows your transactions and account balances to you. But they also generate useful insights about your recurring costs, spending and incomes, by categorizing your transactions into meaningful groups.

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With Woolsocks, you can get as much as 50% of the money you spend back. It is called cashback and Woolsocks gives it to you at over 35,000 stores.

How does it work?

If you connect your bank accounts to Woolsocks, we will use your spending habits to find the top cashback deals for you. It is totally your call if you want to opt in. If you do not want the app to see your spending history, you will still be able to get all the same deals – we just will not be able to personalise them for you.
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Our Savings Socks give you a way to save money, reach your savings goals, and turn your dreams into a reality. 

How do we help you save money?

Whatever you are dreaming of – a kitchen refurb, a weekend away, new workout gear – you can make and name a Savings Sock especially for that goal. Your sock comes with its own IBAN, so transferring money in is quick and easy. And, coming very soon: multiple Savings Socks, so each of your goals has a pot of its own.

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Woolsocks is the free financial app that lets you earn cashback and turn it into donations for good causes, from global charities to your local football team.

How can you donate?

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When you shop with Woolsocks, you can earn cashback, meaning you get a little money back for every bit you spend. And that cashback can go automatically to whatever cause you choose, from a global charitable organization to a local club that could use a hand getting financially healthy post-pandemic. Or, mix and match to spread the love. It’s a small gesture that adds up to seismic change.

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Other articles you might find interesting:

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