Moneyhub Shutting Down?
Here's the Best Alternative
for UK Users (2026)

"We will continue to support users, as we do today, until Moneyhub is decommissioned in August 2026."

— Moneyhub official statement

How to Export Your Moneyhub Data Before It Closes

If you are searching for confirmation that the Moneyhub app is closing in August 2026, this is official. The Moneyhub consumer app is closing on 14 August 2026. This applies to all personal finance users of the Moneyhub app. After that date, all user accounts and data will be permanently deleted. Moneyhub has confirmed this directly to its users and is offering an optional migration to WPS Advisory for those who want managed financial planning. If you do not opt in or log in before the deadline, everything is gone. Existing users need to export their data now, while the app is still functional.

Before you switch to anything, make sure you have a copy of your Moneyhub data. Here is how to do it.

Both FCA Regulated -- Most Alternatives Are Not

One thing that set Moneyhub apart from many budgeting apps was its regulatory status. Moneyhub was FCA authorised, which meant it operated under strict rules around data handling, consumer protection, and transparency. When you connected your bank accounts through Moneyhub, your data was handled by a firm the Financial Conduct Authority actively supervised.

This matters because most of the apps people consider as Moneyhub alternatives are not FCA regulated in the same way. Emma is not FCA authorised. Snoop is not FCA authorised. YNAB is a US company with no FCA status at all. These apps may be perfectly safe to use, but they do not operate under the same regulatory framework that Moneyhub did, and that distinction matters for how your financial data is handled and what recourse you have if something goes wrong.

earmarkIQ is an FCA Appointed Representative of Finexer Ltd (FRN 925695). This means earmarkIQ operates under Finexer's FCA authorisation, giving users the same regulatory protections that Moneyhub provided. Your bank connections go through FCA-regulated infrastructure, your data is handled under FCA rules including the Consumer Duty, and you have access to the Financial Ombudsman Service if you ever need to make a complaint. You can verify earmarkIQ's status on the FCA register.

If regulatory protection matters to you, and it should given you are connecting your bank accounts, the shortlist of genuine Moneyhub replacements that are also FCA regulated is very short. earmarkIQ is on it.

What Made Moneyhub Good

Before getting into alternatives, it's worth acknowledging what Moneyhub users consistently say they valued — because not all replacement apps match it, and you should know what you're looking for.

The Reddit reaction to the Moneyhub closure captures it well: "What Moneyhub offered that most other budgeting apps don't was a holistic view of overall wealth and net worth... it also allowed you to see more longitudinal data over several years which again is missing from month-to-month budgeting software." That's a fair summary of what you're looking to replace.

What to Look for in a Moneyhub Replacement

Not all budgeting apps are built the same. Here's what separates a genuine Moneyhub-quality replacement from something that'll frustrate you within a week.

FCA regulation and genuine Open Banking. Any app handling your financial data should be FCA regulated and use Open Banking APIs — not screen scraping, which requires you to hand over your banking login credentials. Open Banking is the secure, regulated standard. Always check an app's FCA registration before connecting your bank.

Multi-account aggregation across banks and investments. If it only connects to current accounts, it's not a Moneyhub replacement. You need an app that pulls in savings accounts, credit cards, and ideally investment platforms and pensions — giving you the same complete picture you had before.

Net worth tracking, not just spending. A spending tracker shows you last month's coffee budget. A net worth tracker shows you whether you're actually getting wealthier. Moneyhub users want the latter. Make sure your replacement does it.

Actionable insights, not just data. Moneyhub showed you a lot of data. The best replacement should also tell you what to do with it — whether that's an AI that answers your questions, recommendations for better savings rates, or tools that help you optimise your tax position.

We rank every major UK option against exactly these criteria in our guide to the best budgeting apps in the UK for 2026 — including a head-to-head comparison of Emma, Snoop, Plum, Monzo, YNAB and PocketSmith alongside earmarkIQ. If you're specifically considering YNAB, note that it still doesn't support UK Open Banking — see our YNAB alternative UK guide for why earmarkIQ is a better fit for UK users.

Why earmarkIQ is the Best Moneyhub Alternative

earmarkIQ is a FCA regulated open banking app launching on iOS in May 2026 — three months before Moneyhub closes. It covers everything Moneyhub offered for consumers, and adds capabilities Moneyhub never had.

Ask IQ is earmarkIQ's AI financial assistant, powered by Claude (Anthropic). It has full context of your transactions, balances, goals and bills. Ask it anything: "What's my net worth trend over the last 6 months?", "How much have I spent on subscriptions this year?", "Am I on track to hit my savings goal by December?" On paid tiers, Ask IQ is agentic — it can take actions on your behalf including moving money and updating goals, with your explicit confirmation at each step.

Capital gains tracking monitors disposals across your investment accounts and calculates your annual CGT position — a feature no other UK consumer aggregator currently offers. Combine this with salary sacrifice optimisation (which tells you exactly how much extra pension contribution would reduce your income tax bill) and marriage allowance detection, and earmarkIQ gives Moneyhub users the professional-grade financial intelligence they're used to — and then some.

Payment Initiation Services mean earmarkIQ can actually move money between your accounts with your consent — something Moneyhub never offered. This makes the payday allocation feature genuinely automatic: when your salary lands, earmarkIQ can move money to your savings goal, emergency fund, and investment account without manual intervention.

If you're also weighing up Emma as a possible Moneyhub replacement — it's one of the most frequently suggested options on UK personal finance forums — our Emma app alternative guide explains where Emma falls short compared to both Moneyhub and earmarkIQ, particularly on net worth tracking, tax tools, and the ability to actually move money. You can also see our full Emma vs earmarkIQ comparison for a detailed feature-by-feature breakdown.

How to Switch from Moneyhub to earmarkIQ

The practical steps are straightforward — and importantly, earmarkIQ launches in May 2026, so you have three months of overlap to switch at your own pace before Moneyhub closes.

Download earmarkIQ Before Moneyhub Closes

Moneyhub closes on 14 August 2026. earmarkIQ launches on iOS in May 2026 — giving you three months of overlap to connect your accounts, explore the features, and transition at your own pace. There's no artificial urgency here, just a real deadline: if you haven't found a replacement before August, you'll be starting from scratch with no financial history at all.

earmarkIQ is free to download with a genuinely useful free tier. Bank connection, spending analysis, subscription tracking, net worth tracking, goal tracking, AI messages, and basic marketplace access — all at £0. Paid tiers unlock unlimited AI chat, all pro tools, and Payment Initiation from £4.99/month.

Moneyhub Closure FAQ

Frequently Asked Questions