The Salad Money Daily Transaction Volumes and Values data provide counts of transactions, customers, median spending categories, and dates of transaction by Salad Money customers.

Salad Money provides loans to people living in financial precarity or low wage workers using Open Banking data instead of credit score. The loans are structured to be affordable and have fair terms, helping individuals access credit when needed without being burdened by high interest rates or hidden fees.

The application process is quick and managed online through the Salad Money website. Open Banking Data transactions are stored for fourteen months prior the loan application date. Individual payment references (not provided) are reclassified by Salad Money for additional privacy.

Data are fully anonymised to prevent identification and protects users’ privacy. Days with less than 10 Salad Money customers and 10 transactions by category, subcategory and transaction type, have been suppressed. These data are the safeguarded version of the secure Salad Money Open Banking Transaction Data dataset.

Content

These data comprise: total users by day, number of transactions and median amounts in GBP by: day; Salad Money category; Salad Money subcategory; and Salad Money transaction type.

For detailed description of the columns contained within the data, see the Variable Dictionary. This file can be downloaded from the bottom of this page.

Quality, Representation and Bias

These data provides sufficient detailed information about a sample of UK key workers living in financial precarity who applied for a loan through Salad Money. They can still be useful to detect spatial heterogeneity and neighbourhood geodemographics patterns in Open Banking data transactions.