Lodo vs Snoop
Snoop is a financial insights app that analyses your bank transactions to spot savings opportunities. Lodo finds better deals and switches you. Here is how they compare.
What Snoop Does Well
Snoop connects to your bank accounts via open banking and analyses your transactions to identify ways to save money. It can spot patterns — like regular payments to an energy provider that seem higher than average — and alert you to potentially cheaper alternatives. It also tracks subscriptions, monitors bills and sends personalised savings tips.
Now part of Virgin Money (which is itself part of Nationwide Building Society), Snoop has strong financial backing and has built a loyal user base who value its ability to passively monitor spending and flag opportunities.
Where Lodo Takes a Different Approach
The core difference is what happens after a savings opportunity is identified. Snoop might flag that you could be overpaying for your energy plan and refer you to a comparison site or provider. From there, the research, decision-making and switching are up to you.
Lodo skips straight to action. Its AI analyses your specific needs and recommends three personalised plans. When you choose one, Lodo handles everything — signing you up with the new provider, cancelling your old contract, porting your phone number and resolving any disruption. After switching, it monitors the market and can switch you again with one tap when a better deal appears.
Snoop also requires open banking access to your bank accounts. Lodo does not — you simply tell it your preferences and needs.
Side-by-Side Comparison
| Feature | Snoop | Lodo |
|---|---|---|
| Core purpose | Financial insights and savings alerts | Finding better deals and switching for you |
| Finds savings | Flags potential savings from transactions | AI finds personalised deals for your needs |
| Switches you | No — refers to comparison sites/providers | Yes — full switching service |
| Cancels old contract | No | Yes (if you choose) |
| Disruption handling | No | Yes — resolves issues with providers |
| Bank access required | Yes (open banking) | No |
| Budget tracking | Yes | No |
| No | Yes | |
| Cost | Free | Free |
When to Use Snoop
Snoop is a good choice if you want a passive way to monitor your spending and get alerts about potential savings across your financial life. Its strength is in analysis and awareness — it helps you understand where your money is going and where you might be overpaying.
When to Use Lodo
Lodo is the better fit if you already know you want a better deal and want someone to handle the switching. Rather than getting an alert and then having to do the research and switch yourself, Lodo does all of that for you — from finding the right plan to completing the switch and resolving any issues.
Frequently Asked Questions
- What is the difference between Lodo and Snoop?
- Snoop is a financial insights app that analyses your bank transactions to identify ways to save money, including flagging cheaper broadband or energy deals. Lodo is a switching service that finds better deals using AI, then handles the entire switch for you — sign-up, cancellation, number porting and disruption resolution. Snoop tells you where you could save; Lodo does the saving for you.
- Does Snoop switch you to a new provider?
- No. Snoop may flag that you could get a better deal and refer you to a comparison site or provider, but you need to complete the switch yourself. Lodo handles the full switching process on your behalf.
- Is Snoop owned by Virgin Money?
- Snoop was acquired by Virgin Money (now part of Nationwide Building Society). This gives it strong backing, though it means the app now sits within a large banking group rather than operating as a fully independent fintech.
- Does Lodo require bank access like Snoop?
- No. Snoop requires open banking access to analyse your transactions. Lodo does not need access to your bank account — you tell it your preferences and it finds the best plans for you.