What is Sue Sue?

Sue Sue is a trusted circle of friends, co-workers, and family members that come together to achieve a common financial goal. All circle members agree on a specific saving goal and together pool their available funds to allow each member to accomplish that goal. This saving technique has proven the model ‘Together We Achieve More.’

Purposeful

Save towards something meaningful. It's always great to start or increase your emergency fund; thinking of going back to school, allocate funds towards that education; it's never to early or too late to consider homeownership; or that well deserved gift - a new car.

Trusted Network

Saving with everyone is not the same as saving with like-minded individuals that are goal oriented and determined. Now, you have the liberty to do just that - create your own intimate circle and join other trusted networks that share similar financial goals.

Accelerated

You never know when you're going to need financial aid so the saving process is accelerated. If you need your hand immediately, request with the host to receive the first hand which can be considered a loan because you haven't contributed to a full term. Unlike a person that is not looking forward to their hand, accept the last hand and you can truly say, I saved!

About Sue Sue

There are two types of Sue Sue you can participate in:

  • Private

A private Sue Sue is hosted by an individual that invites their desired members by an invitation only request.

  • Public

A public Sue Sue is hosted by Sue Sue App and allows all users to join any open Sue Sues based on their saving goal.

How It Works

Gather your close friends and family members and save towards a common or specific goal.

Download

Access the mobile application from Apple App Store or Google Play. Follow the instructions to create an account. Then, create a Sue Sue for whatever purpose you want.

Invite

Build a strong network of savers that are committed. You can encourage up to 26 individuals to join your Sue Sue. Invite the people you trust from your phone contacts or share an invitation code which let's them know, we're on a mission to save big. Now, wait for everyone to connect!

Save

It's official, your Sue Sue is active. You can create up to three Sue Sues with different purposes and expand your saving network with other like-minded individuals.

Frequently Asked Questions

Yes, you can receive more than one hand simultaneously. Sue Sue App allows you to join up to three Sue Sues which is equivalent to three hands.

That depends on the saving goal established by the host. On average, Sue Sues can range from $1,000 to $20,000. Sue Sue App has no intentions on establishing limitations on the amount a person can receive as the application was designed to encourage saving.

A Sue Sue can last for 26 weeks depending on the limits established by the host. Ultimately, a Sue Sue can be perpetual with the authorization of the host.

Security and confidentiality is paramount to our operation. Sue Sue App is safe and limits the potential of any fraudulent activities by all users, including you. We assess our security parameters frequently so there’s no uncertainty of an unstable platform. We recommend reviewing our Privacy Policies for more insight.

Unfortunately, no. A private Sue Sue is created for specific groups of savers. They invite close friends and family members to join their exclusive savings network. However, if your profile rating is high you may be considered. It all depends on the host and your credibility.

Yes, however you cannot be linked to an active Sue Sue. Remember, if you do delete your account during an active Sue Sue you are still responsible for any missed payments. We encourage you to connect with the host of the Sue Sue so additional support can be provided.

According to our host and user agreements which can be accessed by clicking here, outline both are equally responsible for any missing payments. In the event this happens, the host is obligated to establish direct communication with all members informing the issue and providing a resolution. Based on our Commitment Model, the hosting account will be debited the missing amount to ensure you receive your scheduled hand without interruption. All users share a mutual obligation.

We are hoping this doesn’t occur on our platform as it’s designed to encourage peer-to-peer saving. We also know that there can be untrusted users within a trusted network. To limit this potential risk, we encourage all hosts to invite only those they trust and can commit to the saving obligation. As a result, the host is responsible for missing payments and their financial institution account will be debited to ensure stability and continuation.

The host does not charge a fee for each payout. There’s a 1% transactional fee on behalf of the Sue Sue App that applies to each user on their scheduled deposit date. In addition, all debit payments via a bank account are subject to 0.8% per transaction versus debit card payments are 2.9% plus 30 cents per transaction.

For safety purposes, your financial institution is entailed to confirm the release of your funds during any suspicious activity. This is a security concern on their behalf. However, you’re doing something amazing: saving for your future! Sue Sue App will only debit your account for the amount you agreed to when joined or for any missing payment; deposits will occur as per your agreed schedule with the host of the Sue Sue you joined. Due to the repetitive, common transactions, the bank will know those transactions are scheduled and are not fraudulent or part of any money laundering activities.

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