Moneyhub Is Closing. Here's What to Do Before August 14.

If you use the Moneyhub app, you have about six weeks. The company confirmed earlier this year that it is closing its consumer product entirely, with the final shutdown date set for 14 August 2026. After that date, all user data is permanently deleted.

What happened

Moneyhub has pivoted to focus exclusively on business-to-business work, providing open banking technology to financial institutions rather than serving consumers directly. The change came alongside significant job cuts, with around 30% of the UK workforce made redundant.

The company itself continues. But the app that UK consumers have been using to connect accounts, track spending, and get a consolidated financial picture is going away for good.

Two things to do now

Export your data before the end of July. Moneyhub will permanently delete everything when the service closes. If you want to keep your transaction history, download it as a CSV file now. Once the service goes, that history goes with it.

Then decide where you're going next. You have a few weeks to find an alternative and get set up properly, which is far better than scrambling after the closure.

The WPS Advisory option

Moneyhub has partnered with WPS Advisory to give users a transition path. From mid-July, you can opt in to move your account across. The Moneyhub technology stays underneath while the branding and service provider change. If you were on a paid subscription, you'll get an extended free period as part of the transition. Worth considering if you want continuity and liked what Moneyhub offered.

What to look for next

Most budgeting apps are built around the past. They pull in your bank transactions, categorise your spending, and show you what you did last month. That's useful context but it doesn't help you make decisions about the future. If you want to know whether you can afford parental leave, what your net worth looks like in ten years, or what happens to your cashflow if you overpay the mortgage, you need a tool that forecasts rather than just reports.

A few things worth checking before you settle on something new:

• Does it actually connect to your accounts? Open banking coverage varies significantly between providers.
• Does it show you the future as well as the past? Spending trackers and financial planning tools are fundamentally different things.
• Is it built for UK finances? Tax, National Insurance, pension contributions and ISA rules work differently here. Generic apps often miss or mangle them.
• Who owns your data, and what happens if the company changes direction? The Moneyhub situation is a useful reminder to always ask this question.

CrestCast does something different

CrestCast is not a transaction tracker. It does not connect to your bank accounts or categorise your spending. What it builds is a forward-looking financial model of your household: your income, your bills, your assets and debts, and what all of it looks like projected across years.

P&L, cashflow, and net worth over time, calculated correctly for UK taxes, pension structures, and National Insurance. If you've been using Moneyhub to understand where you stand financially and where you're headed rather than to track individual purchases, CrestCast is worth a look.