Monarch Money Reviews
Monarch Money Customer Reviews (20)
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Monarch Money Features and Benefits
Monarch Money offers a range of features and benefits:
- Financial planning and goal setting: Monarch syncs with over 11,200+ financial institutions, importing most of your assets, liabilities, and transactions.
- Investment tracker: Monarch provides an investment tracker to keep an eye on your investments.
- Net worth tracker: This feature allows you to track your net worth over time.
- Recurring bills & subscriptions: Monarch helps you manage your recurring bills and subscriptions.
- Transaction rules: You can set up rules for your transactions to better manage your finances.
- Personalized advice: Monarch offers expert financial advice tailored to your needs.
- Account collaboration: You can collaborate with your partner or financial advisor at no extra cost.
- Comprehensive financial view: Monarch provides a comprehensive view of your finances, making it easier to manage your money.
- Robust budgeting features: Monarch offers robust budgeting features to help you manage your spending and savings.
- Exceptional customer service: Monarch is known for its seamless functionality and exceptional customer service.
These features make Monarch Money a powerful tool for managing your personal finances effectively. It's designed to provide clarity, confidence, and peace of mind for your finances.
Monarch Money Pricing
Monarch Money offers a 7-day free trial for new users. After the trial, the pricing is as follows:
- Monthly Subscription: $14.99 per month
- Annual Subscription: $99.99 per year (equivalent to $8.33 per month)
The annual subscription provides a better value for those looking to save on costs. Monarch Money's pricing ensures access to all features, including unlimited financial accounts, customizable reports, investment tracking, and more.
Payment Method
Monarch Money accepts credit cards and debit cards for subscription payments. Users can also subscribe through the Apple App Store and Google Play Store, which may offer additional payment methods such as Apple Pay and Google Pay.
For those who prefer direct billing, Monarch Money provides an option to switch from app store billing to direct billing through their website. This flexibility ensures that users can choose the payment method that best suits their needs.
Monarch Money FAQs
Monarch Money Return Policy?
Monarch Money offers a refund policy for annual subscribers. Annual subscribers have 30 days from the start of their subscription to request a refund. The reimbursement can take 5-10 days to appear in the bank account. Monthly subscriptions are not eligible for refunds. If the subscription was started through the Monarch website, contact Monarch directly to request a refund. If the subscription was started through the Apple App Store, the refund must be requested from Apple directly.
For more details, visit the Monarch Money Help Center.
How To Open A Monarch Money Account?
To open an account on Monarch Money, follow these steps:
- Log in to the new Monarch account.
- Connect an account to begin exploring Monarch.
- After connecting an account, a checklist of tasks is provided to help get started.
- Connect as many accounts as possible before categorizing transactions, setting up rules or budgets.
- Navigate to the Institutions Settings page to add accounts, refresh all accounts, edit names, type, subtype, hide accounts, hide balances or transactions, and delete or close accounts.
- If experiencing issues with the connection to the financial institution, try a connection with a different data provider.
- If unable to connect to an account, include it as a manual account.
- The Data Settings page allows deleting all transactions or account balances across all accounts in Monarch before a certain date.
- If missing transactions or an account hasn’t recently synced, navigate to the Institutions Settings page to force refresh the accounts.
Please note, money cannot be moved in or out of bank accounts from within Monarch. Deleting transaction history or balance history permanently deletes this information and is not retrievable.
Monarch Money Alternatives
Here are some alternatives to Monarch Money:
- Cushion: Helps consolidate bills and BNPL payments, manage budgets, and avoid overdraft fees.
- Empower: Great for tracking net worth and investments.
- Rocket Money: Ideal for managing subscriptions.
- EveryDollar: A budgeting app.
- Topia: Best for reaching financial independence.
- Kubera: Best for alternative investing.
- M1 Finance: Best for low-cost investing.
- Betterment: Best for investment management.
- You Need a Budget (YNAB): Best for budgeting tools.
- Tiller Money: Best for tracking finances.
Each of these alternatives offers unique features and benefits. Some focus on budgeting, others on investment tracking, and some offer a comprehensive suite of financial management tools. It's important to choose the one that best fits your financial goals and needs.
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