Personal finance has gotten less complicated thanks to the latest banking finance apps. Whether you’re checking your credit score or creating a new budget, these apps can help you organize your finances. The good thing about finance apps is that you can update or add more information while you’re on the go. This is especially helpful if you have access to online banking or online credit card payment options. So here are four of the best banking finance apps. Best of all, they’re accessible on iTunes and Android and are free.
1. Credit Sesame
Credit Sesame is a free mobile app that lets you monitor your credit anytime and anywhere. There are also some monthly updates you can receive at an affordable cost from these credit bureaus; TransUnion, Experian, and Equifax. You can look at your credit score for free, and there are other low-cost membership plans that help you review your credit. If you sign up for the paid versions, you’ll receive daily updates on your credit reports from the bureaus.
2. Credit Karma
Credit Karma is another helpful finance app. Like Credit Sesame, this app lets you look at credit scores for free. This app uses several factors to determine your credit score. These factors include credit card usage, payment history, the age of credit accounts, hard inquiries, and any negative information on your credit report.
Credit Karma also has this feature where they share tips on how to boost your credit score. For those applying for loans, Credit Karma’s credit score simulator helps you see how your credit score would look if you received the loan. In addition, Credit Karma offers free tax filing services.
If you’re tired of the high service fees that traditional banks charge just for keeping your money in their accounts, then you should consider Chime. It’s a mobile bank but it is insured by the FDIC so this is good news. Another cool thing about Chime is that if you set up direct deposit through them, you’ll receive your money two days sooner than the traditional banks.
With Chime, you don’t have to worry about overdraft fees, bounced check fees, and foreign transaction fees. If you use ATMs with the MoneyPass logo on them, you can use your Chime debit card without paying ATM fees. Chime also has no minimum balance requirements, and the app lets you see how much is in your account throughout the week.
Varo is similar to Chime in several ways. There are no extra fees or minimum balance required, and you won’t have to pay ATM fees. Varo is affiliated with the Allpoint network of ATMs, so if you use your Varo card at an Allpoint ATM, you won’t be charged a fee. Varo has a budgeting feature that lets you see what you have left after paying the bills each month.
For those who want a good savings account, Varo has two savings options. The Save Your Pay option allows you to save a certain percentage of your check to your savings account. There is also the Save Your Change option that lets you round up your transactions to the nearest dollar.
In conclusion, these four banking finance apps will keep your finances in order. That way, you’ll stress less about your budget.