Loot App for Student Banking

Loot App for Student Banking

Loot is a new student banking app that is shaking up the banking establishment. Loot is not a bank but a prepaid MasterCard and intelligent app that helps students manage their spending through transaction categorisation, spending reports, instant notifications and tailored offers to lower spending. Some of Loot’s key features include:


- Loot automatically categorises your transactions into categories like entertainment, travel, or food which helps you better understand where you’re spending your money each month

- Users can compare their spending against other anonymous users so you can see if you’re spending more on food, alcohol or entertainment than other students

- Loot users can also set budget targets and the app helps you budget your daily spend around your goal

- Loot learns your favourite places and helps you discover new places

- The app personally handpicks offers and rewards at different shops, bars, restaurants, cafes


Signing Up For Loot:

It takes 5 minutes to sign up for a Loot account, all the information that you need to provide are the following:

- photo

- Passport or ID

- UK address


Once you are approved, you will be sent your prepaid Loot MasterCard with sort code and account number

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