Skwad App

What is Skwad App?

Skwad App is a financial management tool that prioritizes privacy and security by offering a unique approach to tracking spending without the need to share bank logins. Users receive a dedicated Skwad App scan email address to which they can forward alerts and receipts from their banks or credit card providers. Skwad App then converts these alerts into categorized transactions to provide a clear overview of finances. The tool allows for the uploading of old transactions, alerts users about unusual spending patterns, and tracks bills and subscriptions to facilitate better financial management. Skwad App helps users protect their financial privacy by not requiring the sharing of sensitive bank details such as passwords, account numbers, or full transaction histories. Instead, users control which transaction and balance alerts are forwarded to Skwad App, ensuring only necessary information is accessed for tracking and analysis. Additionally, Skwad App stands out from other apps by offering a privacy-first approach to spending tracking that does not involve bank logins and provides faster transaction updates by processing alerts instantly. This differs from other apps that refresh transactions only upon login or on a scheduled basis.

Who created Skwad App?

Skwad was created by TCS Digital, LLC and was launched on April 2, 2024. It is a finance management tool that prioritizes privacy and security by not requiring bank logins. Skwad offers a dedicated email address for users to forward bank alerts, which are then converted into categorized transactions for easy tracking. The company is based in the USA, hosts data with AWS, and is funded by its users.

What is Skwad App used for?

• Identifying financial risks by alerting users about out-of-place transactions or changes in spending patterns
• Providing a real-time record and categorizing expenses for a comprehensive financial overview
• Assisting in tracking bills and subscriptions with notifications for upcoming payments and fee changes
• Offering spend calendar functionality to organize spending in a calendar format
• Enabling synchronization with Google Sheets for expense analysis
• Enhancing transactions with receipts by allowing the addition of receipt images
• Alerting users about changes in spending habits through tailored insights
• Offering collaborative expense tracking with a trusted group (Skwad)
• Helping maintain financial clarity without sharing bank login details by using a dedicated Skwad Scan email address
• Assisting in money management by converting spending alerts into categorized transactions and providing a comprehensive financial overview

How to use Skwad App?

To use Skwad for efficient money management, follow these steps:

1. Get a Scan Address: Sign up to receive your dedicated Skwad scan email address.

2. Send Transaction Alerts: Configure automated spending and deposit alerts from your bank or credit card provider to your Skwad scan email address.

3. Skwad Does the Rest: Skwad converts these alerts into categorized transactions, providing you with a clear financial overview.

4. Utilize Features: Customize expenses, recategorize transactions, split or hide them, and enjoy reliable connectivity without the need for constant reconnections.

5. Understand Finances: Track cash flow and categories, compare spending trends, export data for analysis, receive alerts for upcoming bills, and sync bills to your calendar.

6. Collaborate: Engage in multiplayer mode by inviting companions to share transactions, budgets, and insights.

7. Ensure Privacy: Skwad maintains your financial privacy by not requiring bank passwords; it only accesses transaction alerts that you forward to your Skwad scan email address.

By following these steps, you can efficiently track your finances and maintain control over your spending while ensuring the security of your sensitive financial information.