Hey there, I Beat Debt member 👋

We’ve got an exclusive offer for you. Sign up now and get a free £5 after saving with Plum for 30 days! Whatcha waiting for? Let’s get saving!

Terms & conditions apply.

Hey there, Latest Deals member 👋

We’ve got an exclusive offer for you. Sign up now and get a free £5 after saving with Plum for 30 days! Whatcha waiting for? Let’s get saving!

Terms & conditions apply.

Hey there, Latest Free Stuff member 👋

We’ve got an exclusive offer for you. Sign up now and get a free £5 after saving with Plum for 30 days! Whatcha waiting for? Let’s get saving!

Terms & conditions apply.

Hey there, MoneySavingExpert reader 👋

We’ve got an exclusive offer for you. Sign up now and start your saving with a free £5 from us! Whatcha waiting for? Let’s get saving!

Terms & conditions apply.

Hey there, MoneySavingExpert reader 👋

Exclusive offer! If you sign up now, you'll earn 1.5% on the money you automatically save with Plum over the first 6 months. Watcha waiting for?

Terms & conditions apply.

Hey there, Product Hunt reader 👋

As an exclusive offer, if you sign up now you'll be the first to get access to investing once in beta. Skip the queues!

Hey there, MoneySavingExpert reader 👋

Exclusive offer! If you sign up now, you'll earn 1.32% for the first 12 months on the money you automatically save with Plum over the first 12 months. Watcha waiting for?

Terms & conditions apply.

Hey there, Sweatcoin champion 👋

We’ve got an exclusive offer for you! Sign up now and start your savings with a free £5 from us after using Plum for 30 days! What are you waiting for? Let’s get saving!

Terms & conditions apply.

Hey there, Sweatcoin champion 👋

We’ve got an exclusive offer for you! Sign up now and start saving with Plum for a free £5 from us! Whatcha waiting for? Let's get saving!

Terms & conditions apply.

Hey there, Money Magpie reader 👋

We’ve got an exclusive offer for you. Sign up now and get a free £5 after saving with Plum for 30 days! Whatcha waiting for? Let’s get saving!

Terms & conditions apply.

Hey there, Save the Student member 👋

We’ve got an exclusive offer for you. Sign up now and get a free £5 after saving with Plum for 30 days! Whatcha waiting for? Let’s get saving!

Terms & conditions apply.

Hey there, CompareBanks visitor 👋

We’ve got an exclusive offer for you. Sign up now and get a free £5 after saving with Plum for 30 days! Whatcha waiting for? Let’s get saving!

Terms & conditions apply.

Frequently Asked Questions


Saving Investing Data & Security Your Account

How do automatic savings work?

Plum analyses your transactions and then identifies your regular income, rent, bills and daily spend. Using this and other factors like your available balance, our smart algorithm will run every few days and calculate an affordable amount to save for you.

What's going on behind the scenes is Plum sets up a Direct Debit with your chosen bank account. This allows it to automatically transfer money to your Plum Savings, without having to ask for permission every single time.

Can you guarantee that you will not take me into overdraft?

Yes, Plum's algorithm applies a number of safeguards specifically designed to prevent you from going into your overdraft. Having said that, we cannot predict and prevent your future impulse purchases – for now at least! If you feel it was our fault let us know at help@withplum.com and we'll happily cover the overdraft fees. We know, we hate fees as well.

Can I choose to save if I'm in my overdraft?

Yes! While Plum's default behaviour is to avoid saving if you have a negative balance, you can type "overdraft savings" and Plum will start to save automatically for you, even if you have a pre-authorised overdraft with your bank.

How do I access money in my Plum savings?

You access your money by chatting to Plum on Messenger, which allows you to check how much savings you have, and choose either to save more, or to withdraw.

How do I withdraw money from my Plum savings?

You can always withdraw your money by typing "withdraw" to Plum. Your money will be returned to you within 24 hours during business days. Note that there is no limit on how much you can withdraw and withdrawing doesn’t cost you anything!

Where are my Plum savings held?

When Plum sets money aside for you, it is moved from your bank account and held in an e-money account, which is held and administered by our partner, MangoPay. They are regulated to hold your money as an 'Authorized Electronic Money provider'. This e-money account is not FSCS protected, but is subject to strict European regulation, meaning that in the unlikely event that Plum, MangoPay, or the bank should go bust, you will get your money back. You won’t earn interest on your balance (we're working on this!) but you can put the funds to work by investing them, or withdraw them when you've met your goals.