Moneyhub closes its consumer app on 14 August 2026. All budget categories, spending limits, and historical spending data will become unavailable. Export your data and migrate before the deadline.
What Moneyhub Offered
Moneyhub categorised your transactions into spending groups like groceries, transport, entertainment, and bills. You could set budget limits for each category and track your progress through the month. It was a solid, manual budgeting system — but it required you to set everything up yourself and often mis-categorised transactions.
earmarkIQ’s AI Budget Categories
earmarkIQ takes a fundamentally different approach. Instead of just categorising what you’ve already spent, it starts by allocating what you should spend when your salary arrives. The AI analyses your transaction history and automatically creates a spending plan:
12 AI-powered categories — Transactions are automatically sorted into Housing, Bills, Subscriptions, Groceries, Eating Out, Transport, Shopping, Entertainment, Health, Education, Finances, and General.
Salary allocation — On payday, earmarkIQ splits your income: Bills (10%), Savings (1%), Invest (0%), Discretionary (89%) — personalised to your actual spending patterns.
Free-to-spend figure — After all commitments, you see exactly how much guilt-free money you have left (£2.6k on a £2,942 salary).
earmarkIQ goes beyond categories to build your Money Personality. It analyses spending rhythms, payday spikes (+21% average), and patterns to identify your type — like “The Feast or Famine Spender” — and provides personalised recommendations to improve your financial health.
Feature Comparison
| Feature | Moneyhub | earmarkIQ |
|---|---|---|
| Automatic transaction categorisation | ✓ | ✓ |
| Custom budget limits per category | ✓ | ✓ |
| Monthly spending vs budget tracking | ✓ | ✓ |
| Number of categories | 8–10 | 12 |
| AI-powered auto-categorisation | ✗ (rule-based) | ✓ |
| Salary allocation on payday | ✗ | ✓ |
| Free-to-spend calculation | ✗ | ✓ |
| Payday spike detection | ✗ | ✓ (+21% avg) |
| Money personality analysis | ✗ | ✓ |
| Spending by day-of-week insights | ✗ | ✓ |
| AI spending recommendations | ✗ | ✓ |
| Weekly AI briefing | ✗ | ✓ |
| Available after Aug 2026 | ✗ Shutting down | ✓ |
Migration Guide: 3 Simple Steps
Note your current Moneyhub budget limits
Before 14 August 2026, write down or screenshot your budget categories and monthly limits from Moneyhub. You can use these as a reference when setting up earmarkIQ.
Connect your bank and let AI analyse your spending
Sign up for earmarkIQ and connect your bank accounts. The AI immediately analyses your transaction history and auto-categorises every transaction into 12 categories.
Review your AI salary allocation
earmarkIQ creates a personalised salary allocation based on your actual spending. Adjust the splits if needed, or let the AI optimise it for you. Your free-to-spend figure updates in real time.
About earmarkIQ
earmarkIQ is a UK personal finance app launching on iOS in May 2026. It is an FCA Appointed Representative of Finexer Ltd (FRN 925695) and ICO registered (CSN2001882). earmarkIQ provides Open Banking account aggregation across 50+ UK banks, AI-powered salary allocation, 12-category spending analysis, and a financial product marketplace. Website: earmarkiq.app
Budgeting that starts on payday
earmarkIQ doesn’t just track where your money went — it tells you where it should go before you spend it. AI salary allocation, 12 categories, real-time tracking.
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