Qoins: Pay Debt & Save Money

Qoins: Pay Debt & Save Money

by Qoins Technologies, Inc.

2.2K ratings
50 reviews

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • January 12, 2017
  • September 27, 2022
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About

This app helps users pay off debt and save money faster through automated tools. It connects to your bank account to make extra payments towards loans and build savings effortlessly. Achieve financial freedom and improve your credit score by making debt repayment feel automatic.

Automated debt payments
Automated savings
Round-up savings
Smart savings
Weekly withdrawals
Payday savings
Credit score improvement
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What users say

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What's New in Qoins

4.2.7

September 27, 2022

Hey there! Here's what's new in this update: 1. Qoins Card- Get access to the Qoins Card. The only card on the planet that pays down debt with each swipe! The Qoins Card is linked to your app, making it easy to track your progress. 2. Move Money- Transfer money between your Qoins goal(s), linked checkings account, and your Qoins card. 3. Direct Deposits- Immediately have access to your funds on the app through the Qoins Card when a direct deposit hits your Qoins account. 4. Fee-Free ATMs- Access to thousands of free ATMs nationwide that can be viewed and located on the Qoins app. 5. Virtual Card- Add the Qoins Card virtually to your mobile wallet. 6. Linked Goals- Link your Qoins card to your Pay Off Debt or Savings goal to help you save for your goals faster. 7. Hide Balance- Hide your account balance from wandering eyes. Stay tuned for more!

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User reviews

SCAM

This app used to be helpful but about a year ago, they stopped paying out to my credit cards. They blame the migration to a new bank, but you can’t reach anyone through email or phone, you can’t cancel your account until you withdraw all your money they’re holding. I’ve sent emails requesting this, I get automated answers back saying it’ll happen, but nothing. There’s a $4.99 fee taken each month out of my checking account that I can’t find a way to stop even though there’s a message that they can’t link to my bank. Otherwise I’d just walk away from this stupid app.
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DONT DO IT!!!

This app was great until they switched banks. I guess I’m not exactly sure what is going on but from my understanding is they switched banks. They were still withdrawing a monthly fee from me for months. And not setting aside my goal amount each week. And now they are withholding my money and telling me they can’t do anything about it because it’s the new bank and you can write a complaint to the new bank or call them but you can’t get a hold of anybody and nobody responds to an email. It’s ridiculous how can they hold your money?! I’m not sure how that can happen. So the money that they were withdrawing every month for a monthly fee they told me they were going to reverse the fees and refund me, but I can’t get the refund the money and the money that they’re holding of mine they won’t give it to me or tell me how I can get it. FIND ANOTHER APP THAT KNOWS WHAT THEY ARE DOING!!! Because this is a nightmare!
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Has been migrating since June 2022 & no access to account

I downloaded this app and was very happy with it.

Until they sold out to another bank. They have been “migrating” my account since last June, during which time I’ve been charged a monthly fee but have been unable to access the account. They said it was due to the magnitude of the migration. I tried multiple times to log-in and delete my account and my access was repeatedly denied as the app said my account information could not be found/verified. I have reached out multiple times to customer service and was ignored. After a third attempt, I *think* my account has (finally) been deactivated but we’ll see if I get charged again this month.

Terrible customer service; Am not at all happy with this company ever since their migration. Disappointing since they were so great in the beginning. Even attended some of their webinars. But the fact that my account information has been inaccessible for 8mos, with no response from anyone is unsettling.
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Used to be great but sadly not anymore

I wish I could give 0 stars. Used to love this app! It was very useful. However, I have had my money stuck ever since they switched banks or whatever their big switch was. I also was somehow enrolled in their monthly subscription that I never signed up and am still being charged for monthly. I have emailed support several times and have only heard back once and they claimed they’d cancel the subscription. It took weeks to hear back from anyone and it still didn’t get cancelled. So not only is my money stuck, i’m also being charged a monthly fee by this app. Super frustrating!!
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Not transparent

My bank account got disconnected and would not reconnect, they told me they were working on it…they told me this for two months. I could not remove my funds from the app in order to cancel the app. Finally my account got to zero and was able to close my account with the intention of re opening (which is what they told me me to do the last time this exact same thing happened). I have tried to reinstate my account and they have not responded. It was a good app, but if they don’t want me they should state why. I came in to a lot of money and was making a lot of payments so the balance in the account was higher than my norm, but it was not ridiculous. Even so, why should this be a problem for them? Do they only want to work with you if you are in a lower income bracket? What’s up Qoins?
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User experience

🐞

Reported Bugs

3 issues

Payments not reaching intended creditors

Bug

Accounts becoming inaccessible during migrations

Bug

Recurring charges not stopping after cancellation

Bug

Requested Features

4 requests

Ability to choose payment date

Feature

Integration with more bank accounts

Feature

Option to save to bank account instead of debt

Feature

Improved communication during migrations

Feature

FAQ

What does Qoins do?

Qoins is designed to help you pay off your debt and save money faster. It automates extra payments towards your loans and helps you build savings, making the process feel effortless. The app aims to help users become debt-free and improve their financial habits.

How does Qoins help pay off debt?

Qoins automates extra payments towards your credit cards, auto loans, student loans, personal loans, and mortgages. It offers various saving methods like round-ups, smart savings, weekly withdrawals, and payday savings to contribute extra funds towards your debt goals, potentially helping you pay it off up to 10x faster.

What are the costs associated with Qoins?

Qoins offers a subscription model. Qoins Plus costs $4.99 per month, and an annual subscription is available for $49.99 per year, which includes a discount equivalent to two months free. Both plans allow for both debt payoff and savings goals.

Is Qoins compatible with my bank account?

The app requires you to link your bank account to facilitate automated payments and savings. While specific compatibility details are not listed, it uses industry-standard encryption to keep your data safe and does not store sensitive banking information.

What are the different ways to save with Qoins?

Qoins offers four distinct saving methods to fund your debt payoff or savings goals. These include 'Round Ups' (rounding up purchases to the nearest dollar), 'Smart Savings' (automatically saving based on your spending habits), 'Weekly Withdrawals', and 'When I Get Paid' (saving a portion of your paycheck).