Blossom App

I had a frustrating experience with BlossomUp regarding unauthorized charges on my card. They had been charging me $44.95 for five months, along with two additional charges of $22.45 and $2.95, totaling $250.15, despite me never using their service or purchasing any goods. When I raised the issue, their response was unhelpful, and the payment… Read more

details they provided didn’t even match my actual transaction records. They refused to issue me a refund for this amount. I’ve since canceled my card and opened an investigation through my bank. Extremely disappointing customer service—would not recommend. I will also be taking this matter further with the Office of Fair Trading.

Easy to use – Amazing app to keep track of my savings goals! Thanks again Blossom

Excellent – I have not experienced any problems. Works great. I see my balance growing daily. PayID makes transfers easy and quick.

Cannot Validate Account – I want to withdraw my funds and in order to withdraw need to add bank details. I try to add my bank bank details but it always cannot validate account holder. Don't put your money here it is not easy to withdraw. Easy to deposit but not easy to withdraw.

Not a bank account or savings account – Be aware that the blossom app is a is a fixed income fund with a portfolio of cash, semi-government and government bonds, mortgage-backed securities and other financial instruments. It is not a bank account or a savings account and is not an authorised deposit-taking institution.Therefore your deposits are not protected under the Financial… Read more

Claims Scheme (FCS) scheme. More information https://www.apra.gov.au/financial-claims-scheme-0

This means you may lose some all all of your deposits if the fund becomes insolvent. Make sure you read and understand the Blossom PDS, and are willing to expose yourself to the risk of losing your money.