Sibstar: an app to help families living with dementia manage their spending

[HarrietD]

We hear often on Talking Point about the challenges people face with managing their day-to-day spending, and the devastating financial impact this can have. This is something Jayne Sibley knows all too well.

"As my Mum’s dementia progressed her ability to manage her everyday spending declined.

One of the hardest challenges we faced as a family was finding a way for Mum to remain financially independent whilst keeping her money safe. Mum is capable in so many ways, but needs access to her own money in order to live her life the way she wants to. That’s why we developed Sibstar.

We believe Sibstar provides a way for people living with dementia to manage and access their own money more safely, reducing their financially vulnerability, which means they can remain independent and live life the way they choose."

What is Sibstar?

We are delighted that Sibstar is now available to the public. Inspired by Jayne’s Sibley’s experience of caring for her parents, and supported through Alzheimer’s Society Accelerator Programme, Sibstar is a new debit card and app helping families living with dementia to safely manage their everyday spending. Every piece of Sibstar’s functionality can be switched on or off according to individual customer needs and capabilities, so it adapts as the needs of individual customers change.

>Find out more here<​

Enter the prize draw

To celebrate the launch, Sibstar are offering customers the chance to win a luxury shopping trip to London for two, courtesy of their partnership with Mastercard®. Take out a Sibstar card and every time you use it before 30 November 2022, the Sibstar team will enter you into the free prize draw.

Download the app today by searching ‘Sibstar’ on the App Store or Google Play. Or if you're reading this on your mobile, use the links below:

App Store: https://apps.apple.com/gb/app/sibstar/id1603415469

Google Play: https://play.google.com/store/apps/details?id=com.sibstar.app

Find out more at our innovation hub

 

[Shedrech]

For interest, from the site:

Sibstar costs just £4.99 per month plus a one-off set up fee of £4.99.​

You can cancel at anytime.​

You will receive your Sibstar card and app with all of it’s security and management functionality. Giving you peace of mind that your money is safe as you go about your day to day activities.

Where your money goes?​

• Sibstar is a profit with purpose business. Which means we are committed to donating a proportion of our profits back into causes we believe in. We‘re starting with the Alzheimer’s Society who will receive 7.5% of our net profit.
• We cover our costs through the initial set up fee and cashpoint withdrawals which are charged at 99p.
• These fees go towards running Sibstar and developing our app so it always meets the needs of people living with dementia.
• You can load your account for free as many times as you like.
• The monthly fee is paid automatically so you don’t ever have to worry about making additional payments.
• You will receive your card in 7-10 working days.

We have worked hard to make sure we can offer Sibstar affordable while making sure we do not cut any corners on its design and functionality.

 

[HarrietD]

We're delighted to announce that the Sibstar team have now completed their pilot, and an even better Sibstar product is now available to the public! 🎉

One of the users in a recent survey said: "I would recommend Sibstar as it helps people with dementia still feel as though they have some financial independence, whilst giving them a safe way to manage that on a daily basis."

Inspired by Jayne’s Sibley’s experience of caring for her parents, and developed in partnership with Alzheimer’s Society, Sibstar is a debit card and app helping families living with dementia to safely manage their everyday spending. It adapts as the needs of individual customers change.

You can find out more here: https://sibstar.co.uk

Enter the prize draw

To celebrate, Sibstar are offering customers the chance to win a luxury shopping trip to London for two, courtesy of their partnership with Mastercard®. Take out a Sibstar card and every time you use it before 30 June, the Sibstar team will enter you into the free prize draw.

Where can I find it?

Download the app today by searching ‘Sibstar’ on the App Store or Google Play. Or if you're reading this on your mobile, use the links below:

App Store: https://apps.apple.com/gb/app/sibstar/id1603415469

Google Play: https://play.google.com/store/apps/details?id=com.sibstar.app

How much does it cost?

There is a £4.99 set up fee and £4.99 monthly subscription for Sibstar.

7.5% of net profit goes directly back to Alzheimer’s Society.