MoneyPatrol Review: The Best & Trusted Personal Finance App
Choosing the right Personal Finance App plays an important role in any online business. A Personal Finance App with a well-designed website does not necessarily mean that their site will be ranked first on Google’s search results.
There are plenty of options available on the Personal Finance App market. Ideally, you would need to choose the best provider that will fulfill all of your requirements in a cost-effective package. Also, you’d need to do some in-depth analysis of all of the Personal Finance App that offer what you need. The in-depth analysis includes all parameters that you need to consider when choosing a Personal Finance App. The most common parameters are listed below:
⦁ Price
⦁ Features
⦁ Technical support
⦁ Customer reviews
The items mentioned in the list above are a few of the more important parameters that you should consider when selecting a Personal Finance App for your business. This article will give you an overall review of the MoneyPatrol, Personal Finance App. They are a leading Personal Finance App that provides several features and services at an affordable price point. Let’s get started.
About MoneyPatrol:
MoneyPatrol is a personal finance app that monitors all of your financial accounts securely and assists you in tracking your spending and managing your personal finances overall. The app tries to set itself apart by offering “advanced Money Tracking, Monitoring, Alerting and Budgeting” tools.
Once you sign up, MoneyPatrol will share alerts, insights, and notifications so you can make better financial decisions.
The way it works is fairly straightforward:
- Register. Sign up with MoneyPatrol through a simple signup form (more on this below) and receive a 15-day free trial.
- Add your financial institutions. Easily connect your bank accounts, credit cards, mortgage loans, and other financial institutions to MoneyPatrol so it can begin monitoring.
- Start receiving alerts and insights. Once you’ve connected everything and MoneyPatrol has a chance to do its thing, you’ll start to get alerts and insights via text and email, as well as have access to a customized dashboard.
From there, you can begin to make more sound financial decisions and manage your money more efficientl
Why MoneyPatrol:
Some of the reasons why we should go with MoneyPatrol is given below.
- Powerful financial tracking
- Customizable budgeting
- Regular alerts and notifications
- Investment tracking
- Document storage
- Top-notch security features
- Available to residents of the US and Canada
- Connects to more than 15,000 US and Canadian financial institutions
Features:
Highlighted below are some of the great features that make MoneyPatrol unique when compared to their competitors in the market.
-Broad Coverage of Financial Institutions
One of the things that frustrate me the most about these types of apps is that they don’t support a full list of financial institutions. MoneyPatrol offers support for more than 15,000 different financial institutions in both the U.S. and Canada. They also offer support for a wide range of account types.
-Advanced Dashboard With Data Drill Down Facility
MoneyPatrol creates a customized advanced dashboard once you sign up and connect your accounts, which allows you to see data at any level you need–from a high level all the way down to super-detailed.
-Get Latest Transactions Along With One Year Data History
Because your accounts are linked directly to MoneyPatrol, you’ll get real-time updates from all of your accounts, meaning you will see all transactions centralized in one location. You can also go back a full year to retrieve any transaction data you need, which is helpful at tax time.
-Get Informed About Money Out-Flow and Money In-Flow
With insights and alerts, you can customize MoneyPatrol to tell you about money coming in and money going out. What I like about this feature is a) the ability to get reminded of when my paycheck comes, and b) the ability to see when large transactions occur–especially on accounts I don’t use.
-Know Your Credit Usage, Rates, Balances, and Payments
Part of the insights MoneyPatrol provides is your credit usage and other pertinent information about your credit cards. This is extremely helpful when you’re looking to pay down debt as it gives you a quick overview of where you can transfer balances, where you can try to reduce rates, and if your utilization is too high.
-Track Your Available Money and Investment Holdings
With a custom dashboard, you’re able to see how much free cash you have available to spend, as well as where your money is invested (assuming you’ve linked your investment accounts). I like this feature because it tells me not only how much I have to spend but also how much I have to invest–and where I need to focus my next investment.
-See Your Spend Trends and Patterns Over Time
In addition to seeing your day-to-day transactions, you’re able to review your spending trends and patterns over time. This will allow you to see where you spend the most (in what categories, how often, etc.) and make more informed spending decisions in the future.
-Know Your Top Merchants and Categories by Spend
Building off the point above, you are able to see where you spend the most by merchant and category. For example, if you spend a lot at Target, MoneyPatrol will be able to provide you that level of detail.
-Get Weekly, Monthly, and Yearly Summaries
You’re able to see summaries of your spending and saving for each week, month, and year. Not only is this helpful for tax purposes, but it gives you a real-time summary of everything that is happening in your accounts. It’s almost like having your own personal accountant.
-Create Budgets to Manage Your Expenses
Once you understand your spending patterns and key insights, you can put together a budget that fits your needs. This allows you to set clear, actionable goals to spend less and save more.
-Receive Detailed Text and Email Alerts and Insights
As mentioned before, MoneyPatrol is big on alerts and insights. You can get these via text message or email, so you know exactly what is going on in your account. You can also customize these.
Support:
MoneyPatrol has an excellent support team that can be reached anytime via live chat or support ticket system. In my experience, they proved themselves to be very helpful and quick to respond. They resolved every last problem that I had set up.
MoneyPatrol is one of the few web hosts that offers full 24/7 phone, live chat, and email support. I have found their support department to be very quick to solve issues, especially when it comes to handling site-specific issues or anything other than answering generic tech queries.
Affordable Price
Money Patrol proudly claims themselves as one of the most cost-effective Personal Finance App providers on the whole market. And to be fair, they do a pretty good job of keeping that claim factual.
Something that makes MoneyPatrol unique as a Personal Finance App is that their prices are displayed clearly and openly on its website for their visitor. I think MoneyPatrol deserves the praise for doing this. In fact, on most screen resolutions and layouts, you can actually see their plan pricing without even scrolling down on the page! Additionally, their features are laid out clearly for potential customers to read and see if MoneyPatrol’s plans are right for them.
None of MoneyPatrol’s competitors have this level and type of transparency. Other competitors will hide the prices or make you sign up before you can even see them. This is often done to sneak in hidden charges that they don’t want to reveal until they’ve gotten you to register (and partially commit to going with them).
The image below shows the starting prices for each type of plans at Personal Finance App .
Our Experience:
I have tested more than 3 similar apps in the past – MoneyPatrol is easily one of the top in terms of quality, by far.
For the purpose of this review, I have used MoneyPatrol for a total of three months so far. Within that time frame, I am more than satisfied with my experience. There was no drawback up to this point, to be exact. It was easy to set up thanks to their support team, and the processing power was on-par with other Personal Finance App available on the web.
Final Recommendation:
With all of this in mind, let’s get down to the big question: “Would we recommend it?”
And the answer to this is a resounding and absolute “YES”. MoneyPatrol is a value-oriented, transparent, and highly-reputable Personal Finance App on the market.
MoneyPatrol is a good all-around financial management tool that excels in financial tracking.
If your primary goal is to understand how, when, and where you’re spending your money, MoneyPatrol can help. This is especially true if you’re a visual learner because MoneyPatrol’s graphs make understanding your financial picture really easy. If you want regular notifications so you’re always aware of your cash flow, it’s likely a good fit.
MoneyPatrol makes a good alternative to Mint, but the price tag might give pause to the fee-averse. However, you try the free 15-day trial and find yourself more mindful and less spend-y, $84 might be worth it.
Scorecard:
For any of our readers who skipped straight to the bottom of this review to get a TL;DR, look no further. You can also take this section as a quick summary of MoneyPatrol’s service quality across its most important components.
Here’s how MoneyPatrol scored:
Features: ★★★★★ (5/5 stars)
Safety / Security: ★★★★★ (5/5 stars)
Ease of Use: ★★★★★ (5/5 stars)
Price: ★★★★★ (5/5 stars)
Support: ★★★★★ (5/5 stars)
Growth: ★★★★★ (5/5 stars)
Final Score: ★★★★★ (5/5 stars)
