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Rated 4 out of 5 stars

Only been using for about 2 months now but the app is pretty good and the capability of transferring to crypto is cool. Had an issue occur with withdrawal as the US Dollar changed value overnight but... See more

Company replied

Rated 5 out of 5 stars

Easy sign up and a quickly evolving app. Quick transfers in and withdrawals seem to come through overnight. More than likely you are wondering about the sky high interest rate, the base rate is a li... See more

Company replied

Rated 5 out of 5 stars

I think the whole concept the high rates passed back on the currency conversion actually helps me save because I don't know without manually using a tool to work out the conversion I feel like it's... See more

Company replied

Rated 4 out of 5 stars

This seems like such a great opportunity especially in a time with such reduced economic return. I love the idea of carbon credits as points system however there doesn’t seem to be much information on... See more

Company replied

Company details

  1. Non-bank financial service

About Bobbob

Written by the company

High-interest investment account...

Bobbob offers customers in Australia 5.00%, and up to 7.60% p.a. interest on their savings.

(Download the app here)

Simply deposit A$, get US$ and watch your money grow. 

  1. See your interest grow daily
  2. Earn carbon tokens
  3. Invest in Bitcoin and Ethereum
  4. Set a weekly budget and save what you don't spend.

Find us on socials:

Facebook

Instagram

Linkedin



Contact info

4.4

Excellent

TrustScore 4.5 out of 5

32 reviews

5-star
4-star
3-star
2-star
1-star

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Rated 4 out of 5 stars

Great Support

Only been using for about 2 months now but the app is pretty good and the capability of transferring to crypto is cool. Had an issue occur with withdrawal as the US Dollar changed value overnight but the team explained what had happened and are working to avoid it happening again.

13 November 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Hey Prestianni, thanks for being part of the Bobbob team! Glad you enjoy the crypto transfer feature 😄
As for the update, it should be live this week so that issue won't happen going forward!

Rated 5 out of 5 stars

Amazing user experience + very easy to…

Amazing user experience + very easy to use app. The team are continuously looking to improve the product and enhance based on user feedback. Highly recommend.

31 August 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Welcome to Bobbob, Devin. Glad to have you on board 💚

Rated 5 out of 5 stars

Love the App

I love how my interest accrued pops up. I like all the interesting info Bobbob gives me too. A really great App.

2 November 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks for the kind words, glad to have you on board Helen!

Rated 5 out of 5 stars

SWYDS feature 👌🏼

Easy to use, love the new “Save what you don’t spend” feature - allows me to easily put away a few additional small amounts each week adding to my investments/savings.

28 October 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Love that you love it 💚

Rated 5 out of 5 stars

My honest opinion…

Ok I’ll be quite honest at first I was a-bit nervous about jumping on this app (due to the unique name choice)

After using it for a month now it as grown on me in a short time frame. I recommend you try to find 4 friends to get that high interest rate then you are laughing?

Happy saving

1 October 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks for joining the Bobbob Team 💚
Our name is indeed unique, here's what it means:
https://www.bobbob.co/news/how-we-got-the-name-bobbob

Rated 5 out of 5 stars

whole concept …

I think the whole concept the high rates passed back
on the currency conversion actually helps me save because I don't know without manually using a tool to work out the conversion I feel like it's only a small amount and it's to hard to check all the time so I don't touch it much at all
.Carbon credits is wonderful. Love it all

10 October 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks for the words Rebecca, and glad to have you onboard. As for Carbon Credits, love that you love it!

Rated 5 out of 5 stars

Good customer service

I had issues depositing into my account but the customer service was great and guided me through it. I could make interest off my local currency though, they would be the only turn-off I have for bobbob.

10 October 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks CF!
Hoping to bring you A$ interest soon!!

Rated 4 out of 5 stars

Great idea but I’m doubting my invite code

This seems like such a great opportunity especially in a time with such reduced economic return. I love the idea of carbon credits as points system however there doesn’t seem to be much information on what they do which I’m sure is still being implemented. Only thing that I’m doubtful of is inviting friends for the 7.8% p.a. In my situation that will never happen given I am hopeless at getting others to join using an invite system…

2 October 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Hey Alex, thanks for joining the Bobbob team and for the kind words!

You can read more about CC here: https://help.bobbob.co/carbon-credits (and yes, we will be adding some info in-app, thanks for the feedback!)

On referrals, hopefully you find some fam or friends to help you on your journey! FYI—when they use your code, they will start on 5.00% instead of 4%!

Take care
The Bobbob Team

Rated 5 out of 5 stars

Easy to join. Minimum interest rate still better than the banks

Easy to join. Money you deposit goes in instantly and you get a confirmation message. Withdrawals usually only takes a day. Even though the starting interest rate is 4%, it is still better than the banks. Minimum deposit has to be $20.

30 September 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Hey Cheryl, thanks for joining the Bobbob team and for the kind words!

Glad to have you as a customer!

Take care
The Bobbob Team

Rated 2 out of 5 stars

Misleading interest rate for new customers

they advertise that customers get 7.60% interest but in fact they only get 4% . once you join, the only way you can increase your interest is to refer others - this is misleading

19 September 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Hey Davo

Firstly, thanks for joining the Bobbob team!

We apologise about the ad, it must have been a mistake! Our ad copy is meant to always be 'up to 7.60%'. Please forgive the error.

Please reach out if we can assists you further. We hope this doesn't change the way you feel about the app!

Take Care
The Bobbob Team

Rated 5 out of 5 stars

Above board and getting better

Easy sign up and a quickly evolving app. Quick transfers in and withdrawals seem to come through overnight.
More than likely you are wondering about the sky high interest rate, the base rate is a little lower/normal, especially with many banks getting their rates up lately. You’ll need to pickup referrals before you can get the max rate.
I happened to find enough referrals, which has been great. Will be good to see the aud account come through and interested to see what the rewards tab morphs into.

23 September 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks for the brilliant review, and moreso, for being a brilliant Bobbob customer 💚

Rated 4 out of 5 stars

Works as advertised

Works as advertised. I managed to withdraw my money from the platform pretty quickly. The main thing I'm not 100% clear on is the long term risk since the investment is crypto based and some stablecoins have failed in the past. I'm also not 100% clear about how the money is being invested and where the profits are coming from. However since this is an Australian registered company its probably safer than most other similar platforms.

19 September 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thank you for the kind words! Thanks for joining the Bobbob family.

We use USDC primarily because it's at least 100% backed by actual USD, i.e. have stuck on the fiat-backed stablecoin route.

Regarding where the interest comes from, I hope this link explains things a little further https://www.bobbob.co/how-bobbob-works

Take Care
The Bobbob Team

Rated 5 out of 5 stars

Works well!

A simple way to earn great interest on savings, with an easy to use app.

16 September 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks for the kind words Tom! Glad to have you as part of the Bobbob team 💚

Rated 5 out of 5 stars

Awesome experience

Awesome experience. BobBob is transforming finance world for sure.

2 September 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks for being an epic customer, Suf 💚

Rated 5 out of 5 stars

Great app with a seamless deposit experience

I had a seamless experience signing up and felt safe and confident in moving my money into Bobbob. No hiccups or anything so far. It's nice being able to see the deposit earn the daily interest. I don't like the idea of having to refer people to get the best interest rate, but I understand the logic. The app is great and easy to use. I haven't tried to withdraw the money yet so don't have experience with that to share yet.

1 September 2022
Unprompted review
Rated 5 out of 5 stars

Great app interface

Great app interface!

19 August 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Hey Brendon, thanks for the review! Hope you like the new app which just got released on iOS and should be out on Android in the next few hours! Please tell us if you like it as much as the old interface :)

Rated 5 out of 5 stars

Hi I’ve been using the app for a week…

Hi I’ve been using the app for a week now as i randomly seen it through my app store and i was skeptical of giving my details but so far im glad i did and i like this pyramid type of concept.

19 August 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Hey Conway,
We're glad we found each other.
Hope you continue enjoying the app and the new epic features soon to launch!

Rated 5 out of 5 stars

Thank you Bobbob

It has been a fantastic experience using Bobbob. Simple, easy and very straightforward to use. It's a great feeling consistently seeing my interest payments come in every month. And as of late are some of my best returns i am achieving in this market. I understand and feel comfortable with the risk to reward. For me the is risk-free money. Why have my money in the bank earning less than 1% where I can deploy my funds into what I believe to be a very safe investment earning 7.6% p.a with daily liquidity. (Pretty phenomenal) Even with this huge sell-off in crypto markets and large crypto businesses going under this has not affected my returns here with Bobbob. Highly recommend!

1 August 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Thanks for the review, Brent! Glad you're enjoying Bobbob and hope you enjoy the upcoming features!

Rated 3 out of 5 stars

Seems like a good opportunity to…

Seems like a good opportunity to mitigate against some of the recent interest rate hikes. It was an easy set-up process on my phone. Appears to be quite an intuitive system. One area of concern or where it could be better is with regards to the referral system in order to get to the preferred 7.6% interest rate. I am failing to find 4 people to sign up (mainly due to the paranoia surrounding the giving up of a few minor personal details). In addition, there is a requirement that the referrals make a $99 transaction. I am unsure if this is for one month in order to initiate the increased interest rate or if this $99 needs to be in the account month on month in order to receive the higher interest rate. I would really like to utilise the higher interest rate but it appears to be further and further away.

21 June 2022
Unprompted review
Bobbob  logo

Reply from Bobbob

Hey Victor, thank you so much for: 1. being a part of the Bobbob team, and 2. taking time out your day to review the platform.

- Regarding the personal details: we are required by AUSTRAC to perform KYC (Know Your Customer) in order to prevent money laundering and other bad things. Unfortunatley, it's a requirement we cannot overlook.

- Regarding the A$99 transaction: The value doesn't need to be there every month. It can either be done in one deposit or in aggregate over time. You can read more about that here: https://help.bobbob.co/referring-family-and-friends

We hope this assists you in your journey to 7.60%, and hope you continue to enjoy using Bobbob!

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