| Rocket Money (2024)

FAQs

Does Rocket Money really work? ›

Yes, Rocket Money is safe. It has 256-bit encryption to store data and is partnered with Plaid to securely link your accounts. Rocket Money won't be able to make changes to your accounts, and you have the option to unlink accounts.

Use Rocket Money to not only keep tabs on random charges and monthly bills, but also cancel subscriptions. Here's how to start saving money you didn't even know you were losing.

Is Rocket Money legit? Yes, Rocket Money is a legitimate budgeting app that can help you track your spending habits, identify ways to save money and get a better handle on your personal finances. It has a 4.5-star (out of 5) rating on Trustpilot and is accredited by the Better Business Bureau.

Link your checking, savings, credit cards, and investments accounts to see everything in one place. Get alerted when checking account falls below a safe balance or when credit spend is too high. Our algorithm works its magic to find all of your recurring subscriptions and bills.

Checking your credit score within the Rocket Money app is a soft inquiry. This type of inquiry has no impact on your credit score and is not reported to any of the credit bureaus.

Premium Rocket Money users also get credit reports and real-time alerts for changes impacting your credit score. But we prefer Mint over Rocket Money for credit reporting and monitoring since it's free. Winner: Mint offers free credit reports and monitoring.

Both Rocket Money and PocketGuard, another budgeting app, can negotiate your bills for you for a cut of your savings.

Bottom line: If you're willing to pay for a budgeting app, Monarch Money could be great -- but if you need something free (and want credit score monitoring and bill negotiation), Rocket Money might be the better fit.

The free plan includes account linking, balance alerts, subscription management, and spend tracking. The Premium plan enhances the experience with concierge services like subscription cancellation, chatting with money experts, and bill negotiations.

On behalf of the Electronic Privacy Information Center (EPIC), the NYU Tech Law and Policy Clinic filed a complaint with the Consumer Financial Protection Bureau against financial technology company Rocket Money (formerly Truebill), alleging unfair, deceptive, and abusive trade practices and violations of the the Fair ...

Are there better apps than Rocket Money? ›

The best alternatives to Rocket Money are Empower, Petal, and Budget Buddy. If these 3 options don't work for you, we've listed a few more alternatives below. What do you think of Rocket Money? Empower is the best way to realize hundreds of dollars in savings and manage your finances!

By agreeing to this Agreement, you authorize Rocket Money to electronically debit your Bank Account via ACH as follows: Amount of Debits: As determined by Rocket Money, subscription fees for services provided as part of our Bill Negotiation, Premium Services, or as specified as part of your savings plans.

If Rocket Money thinks a certain bill is too expensive, they may offer to negotiate that bill on your behalf. But they'll also take a cut of the savings—which kind of defeats the purpose. Rocket Money charges 30–60% of the amount they help you save for the year.

If you're looking for a budgeting app that combines budgeting with subscription management to help you spend less money, Rocket Money is one of the best budgeting apps for the job. With that said, Rocket Money's free version doesn't have a lot of exciting features other than some basic budgeting tools.

Deleting your Rocket Money Account from our Website:

Tap the Settings (⚙️) icon along the left hand sidebar. Select Profile from the side menu. Scroll down to the bottom of the window. Tap Delete my Rocket Money account.

Rocket Money is a free service to use, but we also provide optional paid services to help you save money. Learn about them here!

An award-winning company, Rocket Money has been named one of the Best Places to Work in the Bay Area by Built In, was cited as a Top Workplace by The Washington Post, and was included on the Deloitte Technology Fast 500 list of top tech companies.

Let us lower your bills for you

We automatically scan your bills to find savings. Upload or connect and let our negotiators go to work for you to get the best possible rate.