So after that scary introduction, how safe is it to use 22seven? In short; very safe. But that’s clearly not a good enough answer. Without getting too technical, your money and investments are absolutely safe as linking your accounts with the app only allows for “read” access.
What does 22seven do?
22seven is a free budgeting and investing app from Old Mutual. 22seven helps you budget, track your spending on all your accounts and invest for your life goals.
Who owns 22seven?
Christo Davel
22seven was launched by Kenny Inggs and Christo Davel in January 2012 and is based in Cape Town, South Africa.
Why is it called 22seven?
We truly believe that if you use 22seven to help you with your money, you will be greater than your irrational self – just like 22 divided by seven is greater than pi. Running with the pi theme, we have decided to name our exciting upcoming weekly mailer “Slice from 22seven”.
Is 22seven insured?
Twice a year 22seven uses an external security company to test the system to see if there are any holes or ways for hackers to break through. But, just in case, the company has taken out insurance that covers their clients for any personal loss that they could experience if the system’s security was breached.
How much does 22seven cost?
22seven is a free service. You don’t pay anything to see and manage your money through 22seven, nor is there any contract or obligation on your part.
How do you use 22seven?
Here’s how to get started with 22seven in 5 easy steps:
- Step 1: Link a transactional account.
- Step 2: Set your budget start date.
- Step 3: Categorise your transactions.
- Step 4: Set your budget amounts.
- Step 5: Make sure to keep things fresh.
- Set up spending alerts.
- Check your nudges.
- Link more accounts.
How do you budget on 22seven?
Log into 22seven. Tap the menu button at the top left of the screen and select Budget. Then tap a category to bring up the category screen. On the category screen, tap ‘BUDGET’ to set an amount you plan to spend.
