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Quber is a recent addition to the list of money-saving personal finance apps available to Canadians. It joins the ranks of apps like Mylo, KOHO, and Wealthsimple in Canada and Acorns in the United States.

In addition to automating your savings, users of the Quber app can also earn cash back when they shop online or in-store, similar to other cash back apps I have reviewed like Checkout 51, Drop and Ebates.

What is Quber?

Quber is a Moncton-based fintech company that was featured in the New Brunswick Innovation Agency’s Breakthru competition in 2017. They launched their free mobile savings app on Google Play and the App Stores in 2018.

The Quber app works similar to a personal finance assistant and helps to budget, set savings goals, take saving challenges, and earn cash back while having lots of fun.

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How Does Quber Work?

Signing up is easy-peasy! 

  • First, download the app on either the App Store (iOS) or Google Play Store (Android).
  • Enter your basic details and link your bank account. The app supports all the major banks including CIBC, RBC, TD, EQ Bank, Simplii Financial, Scotiabank, BMO, Tangerine, Capital One, and more. 
  • Create goals and start saving money in your savings jar e.g. for a vacation, down payment on a home, etc.
  • Cash out your money when you want. Withdrawals take 2 days to process.

Benefits of Using Quber

Quber aims to make it easy for you to “focus on your money goals, and become mindful of your spending habits.” Here are some of the benefits of the app:

  • It is free and there are no monthly fees
  • No account minimum
  • Automatic savings
  • Unlimited saving goals
  • Real-time money insights
  • 2% savings bonus – get a free $20 when you complete the 52-week challenge
  • Cashback rewards – up to 5%
  • Personalized budgeting and saving recommendations
  • Safety – your money is held with a CDIC-insured bank

Quber App review

Saving Money With The Quber App

There are various options available for saving money using the app. In general, you can create a saving rule and have money move automatically from your chequing account into your savings jar when the rule is triggered. 

Some of the Saving Rules available in the app include:

  • Budget challenge: The app challenges you to meet a monthly spend limit. If you beat the limit, the difference is moved into your savings jar. 
  • When you make purchases, the app can round up your spending and automatically save money.
  • When you receive a deposit, you can determine how much you want to save. For example, 10% of your paycheck.
  • When you reach your fitness goals: You can connect your Fitbit account and save money every time you meet your fitness goals.
  • Daily, weekly and monthly goals: Choose a day of the week or month and how much you want to save. Quber does it automatically.

At any time, you can choose to add money to your savings jars by using the app’s “Tap to Save” feature. Name your jars whatever you want, such as “Holiday Jar” and “Down Payment Jar.” You also decide how fast your jar reaches the desired goal by using the “save faster” or “add rule to save faster” features on the app.

One additional way to save using Quber is the 52-week challenge which is a stress-free way to save $1,000 in 52 weeks. When you meet the challenge, they give you a free $20 towards your next savings goal.

Earn Cash Back With Quber

Earn cash back rewards (up to 5%) when you shop at participating retailers. To claim your cash back, upload a photo of your receipt using the app. All cash back rewards are processed once per month. 

As of this writing, some of the merchants eligible for cash back include Amazon, LEGO, Macy’s, THe UPS Store, Ticket Network, TOMS, TransUnion, TurboTax, and WaySpa.

Is Quber Safe?

As per their website, your funds are held with a Canadian bank that is CDIC-insured which means your deposits are protected up to $100,000. Also, they use bank-level 256-encryption to protect your personal details.

Pros and Cons of the Quber App

I like the concept behind using money-saving apps to reach your financial goals, especially if you find that you always end up playing catch-up with your budgets. 

The Quber app is easy to join and their interface is very user-friendly and intuitive. It takes your savings and places it into a vault so you can’t easily spend it on impulse purchases. When you need your money, withdrawals are free and take 2 days.

Their saving challenges are fun to participate in and are ‘simply set and forget.’ Also, the cash back rewards are a bonus, given that the app is free.

A few downsides I have noted with the app are as follows:

  1. Your saved funds are not earning interest. I don’t like the idea of my savings sitting idle without generating returns. Tangerine Bank offers a high-interest savings account that comes equipped with an automatic savings plan and pays a 2.75% interest for 5 months and 0.70% after. You can also check out EQ Bank and earn 2.00% on your savings all year long.
  2. There are currently only a few merchants enrolled in their cash back rewards program. I assume more retailers will come onboard as the app gains traction in Canada.

Automatic Savings, Investing, and Cash Back Apps in Canada

In addition to Quber, other automatic savings, investing and cash back apps in Canada are:

Rakuten (Ebates): Get cash back when you shop online at more than 750 stores. Join Rakuten here and receive a $5 bonus after your first purchase of $25 or more.

Checkout 51: Get cash back on your grocery shopping at any store. Join Checkout 51 here and receive a $5 bonus after you redeem your first offer.

KOHO: Earn 0.50% – 2.00% on all your debit purchases using the KOHO card and app, plus up to an extra 1% cash back for 90 days when you sign up and enter the promo code CASHBACK.

Drop App: Earn automatic cash back when you shop at five of your favourite stores. No receipt upload is required. Join Drop here and get a $5 welcome bonus.

Mylo App: Invest your spare change automatically using the Mylo App. Join Mylo here and receive a $5 welcome bonus.

Caddle: Earn cash back on groceries when you upload your receipt. Get a $1 bonus when you enter the promo code ENOCH48192. Sign up here.

Is Quber For You?

My review of Quber is positive. The app can help you to save more money and reach your financial goals while having fun at the same time. Quber is free, so what’s there to lose?


Quber Review: Save Money and Earn Cash Back


Quber is a money-saving personal finance app available to Canadians. See how it compares to other automatic savings and cash back apps like Mylo, KOHO, Wealthsimple, Drop, etc.