We are delighted to let you know that the Zero sustainable money app is now available to download from the Apple App Store and Google Play Store. You can apply for our free personal account and debit Mastercard in the App.
If you share our vision, to make money a force for the good of the planet, you can now invest in the business too, through our crowdfunding campaign on Crowdcube.
Risk warning: Don’t invest unless you’re prepared to lose all the money you invest. Investing in private companies is a high risk investment and you are unlikely to be protected if something goes wrong. Take two mins to learn more.
The launch follows an early adopter program that ran for about two months, in which more than 5,000 people registered for early access to help us prove the product in a controlled way. During the early adopter program our app required an invite code, which is no longer required.
We have designed the Zero Sustainable Money App to help you make your money work for good, effortlessly.
In addition to a debit MasterCard that can be used abroad free of the usual fees and commissions charged by other banks, our app includes GreenScore, to help you understand the environmental impact of your spending. And not just the spending on your Zero card - if you link to other accounts using the Open Banking feature in our App, you can also incorporate your spending from other accounts too.
Rather than some carbon calculators, which are based on kilograms of carbon dioxide, Zero’s GreenScore is an easy to understand numerical representation of your carbon footprint that will, over time, incorporate other factors to increase accuracy.
By analysing your spending data to identify which areas of your lifestyle are contributing to climate change, we will offer insights and solutions to help you reduce your impact. Through personalised insights and actionable recommendations, Zero hopes to empower you to reduce your carbon footprint. In a forthcoming release, we will also allow you to make contributions to climate and nature-positive solutions to help compensate for the less sustainable elements of your life.
We are also launching Apple Pay and Google Pay in the coming months too, once we have completed the comprehensive testing that they require for new cards.
According to research conducted for Zero by Opinium*, almost two thirds (61 percent) of people believe banks have a responsibility to make a positive contribution towards climate change and 59 percent of people want their bank to use their money in a way that is good for the environment.
Our cofounder and CEO Richard Theo commented, ‘Our vision is a world where money is a force for the good of the planet, where money will never be used for anything that’s harming the planet such as fossil fuel production or deforestation.
‘We're aiming to bridge the gap between digital banking and effortless sustainability that simply isn't available right now.'
Zero’s Opinium research also revealed that only 42 percent of people believe that their bank is committed to tackling climate change. Additionally, just over half (51 percent) of people feel individuals can make a positive contribution towards addressing climate change in how they manage their finances.
With a firm belief in the power of collective action, we are excited to be pioneering a new ownership model called our Community Share Option Scheme, through which we aim to share 20 per cent of the value of the business with our customers. Early customers are being offered 400 free Community Share Options to help us build a community of like-minded climate-conscious people and grow the power of collective action on climate change.