It’s a real shame this product isn’t progressing as we all expected. The idea was game changing, if not totally unique.
I have listed numerous bugs and suggestions since the beginning and then relisted numerous bugs on the newer version of the app, 90% of which are still there after nearly 2 years.
As I’ve said before, we are all bored and frustrated with the glacially slow progress of product development let alone the elusive crowd fund and listing, but as I’ve also said before, my opinion is the app is still not ready for mass adoption unless the company are ready for huge numbers of complaints, questions and requests for even the most basic of features for a product like this. Tally in its current form is useful for a gold backed savings account, but nothing else. Again, as mentioned numerous times over the last few years, Tally does not keep a tally of the gold/fiat comparison in my account. I have no idea how much fiat I have deposited, how much the balance has changed due to the rise/fall in gold price, I have no idea if I spend using the card I am losing due to a drop in gold price or am I gaining because I’m spending at a higher gold price than when I deposited. I don’t know my average buy in price or my average sell/spend price. So I simply don’t use the card as a rule.
To keep a tally of my tally I need to do it myself on a spreadsheet, which I don’t have the time or inclination to do, so I don’t generally use it other than as deposit and leave.
I have just noticed what looks like yet another bug. Having set up a saving safe to see how it works, I transferred just over half my balance into the safe, where it has been left ever since. Having just logged into my account (and waited the standard 20 seconds for it to open after putting in my pin), I noticed the monthly Tally fee… Which is roughly half of my usual fee… It appears the amount in the safe is not being taken into account when charging the fee. Is holding in the safe, fee free? Or is this another bug? Or am I just being dumb?
Regarding the new terms and new friends and family not having to pay £20 for the first 12 months, where is the incentive for the current tally holders to promote Tally? What do they get out of it, am I missing something?
People expect, and receive more from financial apps these days, unfortunately this app still fails to deliver in my opinion. It does the bare bones with a few bugs thrown in, nothing more.
I haven’t yet written off my investment in Tally but if things don’t improve considerably in the next 6 months, I’ll empty my account into a similar one by a different company or just convert to physical gold and simply forget about this app. Which would be a shame as I really like the idea.