Monarch Money positions itself as a Mint alternative with better collaboration features for couples and families. The $99/year subscription includes investment tracking and advisor-sharing capabilities. However, the platform requires extensive bank linking, and advisor features mean your data may be viewed by third parties.
Monarch offers features to share your financial data with financial advisors. Using this feature means a third party has full access to your transaction history.
Collaborative features mean your partner or family members can see all linked accounts. Relationship changes could create awkward data access situations.
Premium pricing with limited free trial. Auto-renewal applies, and refunds are discretionary.
As a venture-funded company, Monarch faces pressure to grow and monetize. Future business model changes could affect how your data is used.
Bank syncing goes through Plaid, sharing your credentials with this data aggregator. No meaningful manual-entry alternative exists.
Works on iOS, Android, and web—more flexible than iOS-only alternatives like Copilot.
Comprehensive net worth tracking with investment accounts included at no extra cost.
Subscription model means the app doesn't try to sell you financial products.