Do you bank online or on your phone? Sign up to test new money management app HyperJar - NOW CLOSED

[LucyBMumsnet]

Recruitment is now closed.

HyperJar is looking for Mumsnet users to test a new money management app that lets you plan, budget and grow your spending power in Jars. Please note this app is NOT a replacement for your bank account and will NOT affect your credit score. For more information on HyperJar, check out the website here.

Selected testers will be required to:

• Download the app from the App Store or Google Play, sign up and order a HyperJar card (it takes about a week to arrive)
• Create a Jar so that HyperJar can send £10 to your new account to spend using the app, wherever you like
• Transfer some money from your bank to your HyperJar account. This can be spent wherever you’d usually spend – no need to change shopping habits
• Start testing out the app (instructions on exactly how to do this will be sent to testers)

We’d like you to test HyperJar over four weeks. Once the test is over, if you don’t want to carry on using HyperJar, they will close your account and help you transfer any money you haven’t spent back into your bank account.

Here is how HyperJar describes itself: “HyperJar is the world’s smartest payment app. An easy, digital version of jam-jar budgeting. The Jars you create reflect your life, your spending and your goals. Jars for groceries, lunches, Christmas, kids’ clubs, nights out, holidays… With HyperJar, you can see where your money is going, not just where it went.

“So why use HyperJar? 1. Clearer, easier, happier money when you plan in Jars. For groceries, lunches, holidays. For life. 2. Shared spending, solved. Plan and spend together with Group Jars. Easy pop-up joint accounts and digital kitties for 2-30 people. 3. Make planning pay with our partners. Lock in money with them for an inflation-beating Annual Growth Rate of 4.8%. 4. Spend directly from any Jar with the world’s smartest payment card.”

Selected testers will be required to leave feedback on a private thread on Mumsnet as well as complete a short survey. All testers who do will be entered into a prize draw where 3 MNers will win a £100 voucher each of their choice (from a list).

Please don’t download the app directly from the App Store if you want to take part in this test – HyperJar are waiting to finish a few features which will be ready for Mumsnet users by the time we’ve selected our testers.

If you would like to sign up to test this app, please click here.

Thanks and good luck.

MNHQ

Standard Insight T&Cs Apply

HyperJar works with e-money specialists PFS (Prepaid Financial Services Ltd) to protect and manage your money. It's deposited in segregated accounts with major UK retail banks.

Has anyone else had this horrific cold. It started with a severe sore throat last Saturday, chesty cough aches and pains, i then developed a huge spot on my eyelid, and my other eye is blood red. Feeling sorry for myself, back to work tomorrow but im contemplating phoning in. Must add ive been sick on my long awaited weeks holiday..

A prepaid MasterCard? So, if I put £100 into my HyperJat, what fee will be charged to use the card?

As an older Mumsnetter approaching retirement I think it's time I learned to budget! I love this idea but I am a technophobe. Is it easy to use?

Hi @Lougle , here's a response from HyperJar:

"Thank you for your comment. Here some reasons why we are different from other money apps:

1. Because we’re not a bank and don’t offer credit, your credit score isn’t checked or affected when you open a HyperJar account.

2. We don’t limit the number of Jars you can open with us - so you can have as many mini sub-accounts as you like to help with chunking out your everyday spending;

3. A unique HyperJar feature is that you can share any Jar with up to 30 people. So you can put money away together for a group holiday, and all pay from the same Jar when you’re away. If you’ve opened the Jar, you decide who can pay in, spend from or see notes in the Jar.

4. We have some of the UK’s favourite brands and businesses on the app, like Lidl, Shell, Boden and Virgin Wines. If you’re happy to lock-in money with them, it’s a great way to budget automatically because when you spend with these brands using your HyperJar card, the money comes from the right Jar. Any money you’re happy to commit before spending gets an inflation-beating 4.8% Annual Growth Rate, calculated and added to the Jar daily."

Hi @WitchfinderGeneralHarrumph, HyperJar have responded with the following:

"Thank you for your comment. HyperJar is free to use, there are no hidden fees ever! So if you put £100 in your account you will be able to spend all the £100 wherever Mastercard is accepted. We don’t charge you to load the card and don’t charge you to use it. Thanks."

Hi @sandgrown , here's what HyperJar have to say:

"Thank you for your comment. We definitely welcome technophobes ! We created HyperJar with the intention of giving everyone a brilliantly easy to use tool for everyday money management. We have partnered with Mumsnet to get as much feedback as we can in these early stages, so that we understand what we’ve got right and what we need to improve. Thanks."

You lost me at the prepaid MasterCard.
So I put money in the jars than if I want to spend on groceries for example I go to the app,select that jar and then what.Do I move lots of money to a credit card,use that to pay?Can I move money back from the credit card to the jar?

Thanks for the reply. I don't think it's for me, but I hope others enjoy using it.

Hi @Thehagonthehill , here's a response from HyperJar:

"Thank you for your message. The HyperJar card is not a credit card, but a prepaid card (which means you can spend only up to the balance of the card, there are no fees and you cannot go overdrawn on it). It’s connected to your Jars and app so no need to move money to pay, You simply select the Jar you want to pay from and the smart card will recognise your selection and take money from that Jar."

I signed up

Now waiting for when you select....

Signed up.

So in a super market you get to the checkout,find the app ,click on the jar and then hand over the card.I don't think I'd have the nerve to keep people waiting.

Hi @Thehagonthehill, HyperJar have replied with the following:

"Thank you for your message. You can link your card to the Jar you want to pay from before you go to the shop, or buy online. The card will remain linked to your chosen Jar until you change it in the app. So for example, if you are going out to do your grocery shopping, you can link your Grocery Jar at the beginning of the day and change it when you are done."

Done!

@LucyBMumsnet

You said last week...

I signed up
Invested £3 to kick start the process
Mumsnet say selection will be made last week
And then nothing

Not a good representation of HyperCard or mumsnet

Hello @lovemenorca
Apologies for the slight delay! We're working on selecting people at the moment and we'll be in touch with some selected people in the next couple of days

@LucyBMumsnet

Reflects badly on hyper and mumsnet - the way you run some of these surveys

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@LucyBMumsnet has the draw been done now please?

@Reluctantbettlynch we've selected some users to be testers, but we're still recruiting for a handful more testers as well. We'll be letting those selected know very shortly but they're kept secret for now

@JustineBMumsnet

Perhaps i need to raise this elsewhere but it’s poor how you never stipulate when the draw is going to take place on any of these promotions

Are you not obliged to?

@Gonetoofarmaybe this isn't a promotion, this is a product test we're recruiting for, and it wouldn't be responsible to let testers know they've been selected way in advance of us being ready for them to begin testing. Though we can usually give estimates, it's not always possible for us to know exactly when this will be.

We're sorry you didn't find the instructions clear enough and have signed up to HyperJar already, but signing up via a survey form and waiting to hear about selection is standard process for a product test.

If you'd like more information please do feel free to get in contact at [email protected]