Missing USD Savings Accounts | Users Question Premium Plan Limitations
Edited By
Igor Petrov
A growing concern among users is the lack of USD savings accounts on the Premium plan. Following a recent downgrade by a user, confusion arose about why this feature is absent, prompting debates about potential impacts on savings management.
User Experience Highlights
One user, who downgraded from Metal to Premium to save £60, expressed frustration at the absence of a USD savings account. This change prompted a quick upgrade back to Metal; they stated, "Metal works out basically free for me in the UK", emphasizing their need for higher savings limits. The user often maintains substantial savings, making the Metal plan more beneficial.
Interestingly, other users echoed similar sentiments:
"I have been using a savings account in USD with just the premium plan."
This suggests some users might have access depending on their country of residence.
Commenters Share Their Thoughts
Geographical Limitations: A user noted that savings account availability may depend on the country, hinting at regional inconsistencies in service offerings.
Alternative Options: Some users are considering alternatives like Wise, which offers USD interest. Concerns were raised about Wise's higher exchange and wire transfer fees compared to the Metal plan.
Overall Sentiment: Many users feel let down by the limitations of the Premium plan and question its overall value for frequent savers.
Key Points
Limited Savings Options: No USD savings on premium may lead to dissatisfaction among users interested in saving.
Positive About Metal: Many users prefer the Metal plan for its benefits, especially when dealing with larger sums.
Concerns About Alternatives:
📉 number of users expressed worries over higher fees when using alternatives like Wise.
💬 "The exchange fees for USD-GBP and vice versa are higher, plus wire transfer fees are a concern."
📉 number of users expressed worries over higher fees when using alternatives like Wise.
💬 "The exchange fees for USD-GBP and vice versa are higher, plus wire transfer fees are a concern."
Is the Premium plan a viable option for serious savers? The conversation continues as users evaluate the best avenues for managing their funds efficiently. Further insights may emerge as more people share their experiences and recommendations.