Truebill Review (2024)

In this Truebill review, I will provide an in-depth analysis of the Truebill app and online platform. Formerly known as Rocket Money, Truebill aims to help users manage their subscriptions, track their spending, and save money on their bills. By syncing with users’ bank accounts and credit cards, Truebill identifies subscriptions, offers bill negotiation services, and provides tools for budgeting and savings.

Key Takeaways:

• Truebill is an app and online platform that helps users manage subscriptions and save money on bills.
• The app offers features such as subscription tracking, bill negotiation, and budgeting tools.
• Users can get started by downloading the app, creating an account, and linking their bank accounts and credit cards.
• Truebill offers a free version with basic features and a premium service with additional perks.
• While Truebill has received positive reviews, it’s important to consider individual needs and preferences before deciding to use the app.

Features and How They Work

Truebill offers a range of features designed to help users effectively manage their finances and save money. Let’s take a closer look at some of its key features and how they work:

Subscription Management

One of Truebill’s main features is its ability to identify and cancel unused subscriptions. The app analyzes users’ transactions, pinpointing recurring charges for various services and memberships. Users can then review these subscriptions and choose which ones to cancel, helping them eliminate unnecessary expenses and save money. Truebill simplifies the process of managing subscriptions, ensuring users have full control over their expenses.

Bill Negotiation

Truebill also offers a unique bill negotiation service that aims to lower users’ monthly bills. Users can upload their bills directly to the app, and Truebill’s expert team will work on negotiating better prices or deals with service providers. By leveraging their expertise and industry knowledge, Truebill can potentially help users save money on essential services like utilities, internet, and TV subscriptions.

Spending Tracker

With Truebill’s spending tracker feature, users can easily monitor their expenses and gain insights into their spending patterns. The app categorizes transactions, providing users with a clear overview of where their money is going. These insights enable users to make more informed financial decisions and identify areas where they can cut back on unnecessary expenses.

Autopilot Savings

Truebill offers an autopilot savings feature that helps users effortlessly build their savings over time. The app analyzes users’ income and spending habits and automatically sets aside small amounts of money into a savings account. This feature helps users achieve their financial goals without having to manually transfer funds or make complex calculations.

Credit Scores and Reports

In addition to its budgeting and savings tools, Truebill provides users with access to their credit scores and reports. This feature allows users to stay updated and informed about their creditworthiness, helping them make strategic financial decisions. Monitoring credit scores and reports is essential for individuals seeking to improve their credit standing or apply for loans and mortgages.

Feature	How it Works
Subscription Management	Identifies recurring charges and allows users to cancel unwanted subscriptions.
Bill Negotiation	Upload bills for negotiation by Truebill’s expert team to potentially secure better prices.
Spending Tracker	Categorizes transactions and provides insights into spending habits.
Autopilot Savings	Automatically sets aside small amounts of money into a savings account.
Credit Scores and Reports	Provides access to credit scores and reports for informed financial decisions.

How to Get Started

Getting started with Truebill is quick and easy. Follow these simple steps to begin managing your subscriptions and saving money:

1. Download Truebill: Head to the App Store or Google Play to download the Truebill app. Alternatively, access the platform online.
2. Create an Account: Open the app or website and create a new account. Provide your name, email address, and choose a strong password.
3. Link Your Accounts: Once your account is set up, you’ll need to link your bank accounts and credit cards. This allows Truebill to analyze your transactions and subscriptions.

That’s it! You’re ready to start using Truebill to gain insights into your spending habits, identify unnecessary subscriptions, and take control of your finances.

Managing Subscriptions and Finding Savings

Truebill’s powerful algorithms analyze your financial activity to identify recurring charges and subscriptions. With Truebill, you can easily cancel unwanted subscriptions that are draining your monthly budget. The app puts the power back in your hands, helping you save money effortlessly.

Additionally, Truebill offers bill negotiation services. You can upload your bills directly to the app, and the Truebill team will work on your behalf to negotiate better prices. Say goodbye to overpaying for essential services and start saving more each month.

Truebill also provides intuitive budgeting tools to help you track your spending, set financial goals, and stay within your budget. With personalized insights and recommendations, you’ll have a clear picture of your financial health and be able to make informed decisions.

Key Features of Truebill	Benefits
Subscription tracking and cancellation	Easily manage and eliminate unnecessary subscriptions
Bill negotiation services	Potential savings on essential services
Automated budgeting	Stay on top of your spending and achieve financial goals
Personalized insights and recommendations	Make informed financial decisions

Fees

Truebill offers a range of pricing options to suit different users’ needs. The basic version of the app is available for free, allowing users to access essential features.

For those looking for additional functionality and customization, Truebill offers the Truebill Premium Service. This premium service comes with a monthly fee ranging from $3 to $12, depending on the level of membership chosen.

By upgrading to the Truebill Premium Service, users gain access to a host of exclusive features and benefits. These include:

• Unlimited budgeting categories, providing more flexibility in tracking and managing expenses
• Custom spend categories, allowing users to personalize their budgeting experience
• Real-time account balance updates, providing up-to-date financial information
• Premium chat support, ensuring prompt assistance from knowledgeable experts
• Subscription cancellation concierge, making it easier to cancel unwanted subscriptions and save money

With the bill negotiation service offered by Truebill, users have the opportunity to potentially save even more money on their bills. However, it’s important to note that this service comes with a non-refundable fee of 30% to 60% of the savings achieved as a result of the negotiation.

Truebill Membership Comparison

Membership Tier	Monthly Fee	Features
Free	$0	Basic features, including subscription tracking and budgeting tools
Premium	$3 – $12	Additional features such as unlimited budgeting categories, custom spend categories, real-time account balance updates, premium chat support, and subscription cancellation concierge

It’s important for users to carefully consider their financial goals and needs when deciding whether to upgrade to the Truebill Premium Service. The additional features and benefits can provide valuable tools for better financial management and savings.

Pros

There are several advantages to using Truebill. The app makes it incredibly easy to cancel unwanted subscriptions, helping users regain control of their finances. With Truebill’s subscription tracking feature, I can effortlessly keep tabs on all my ongoing subscriptions and identify any that I no longer need or use. This has saved me a significant amount of money each month.

Another benefit of Truebill is its ability to track my spending patterns. By analyzing my transactions, the app provides a breakdown of my spending habits, allowing me to identify areas where I can make adjustments and save even more.

One of my favorite features of Truebill is the automation of savings. The app allows me to set up automatic transfers to a savings account, ensuring that I consistently save money without having to think too much about it. This hands-off approach has made it incredibly convenient for me to build up my savings effortlessly.

“Using Truebill has transformed how I manage my finances. With its intuitive budgeting tools, I can set spending limits for different categories, helping me stay on track and avoid overspending. The app also sends me notifications for upcoming charges and low balances, ensuring that I never miss a payment or incur unnecessary fees.”

Furthermore, Truebill provides users with access to their credit scores and reports, allowing me to monitor my credit health and take steps to improve it. This feature has been invaluable in helping me understand and manage my overall financial well-being.

Truebill has garnered a high level of trust from its users, boasting a Trustscore rating of 4.3/5 stars based on 392 reviews. It’s impressive to see that 80% of users have reported saving money by using Truebill to identify and cancel subscriptions. This statistic speaks volumes about the effectiveness and value of the app.

Overall, the benefits and advantages of Truebill have truly transformed my financial management. By making it easy to cancel subscriptions, track spending, automate savings, and access credit information, Truebill has become an indispensable tool in my financial arsenal.

Cons

While Truebill offers many benefits, there are a few drawbacks that users should consider before using the app:

1. Monthly Fee for Premium Service

Upgrading to the Truebill Premium Service comes with a monthly fee. This fee enables users to access additional features, but it may be a deterrent for those who prefer not to pay for a subscription.

2. Non-Refundable Fee for Bill Negotiation

The bill negotiation service offered by Truebill comes with a non-refundable fee. While this service can potentially help save money, the upfront fee may discourage some users from utilizing it.

3. Limited Negotiation Options

Truebill’s bill negotiation services do not include negotiation for internet, landline phones, cable/phone/internet bundles, alarm and security systems, satellite radio/TV, or electric bills. Users may need to explore alternative methods for negotiating these specific bills.

4. Limited Customer Reviews on the Better Business Bureau

Compared to other sources, there are fewer customer reviews available for Truebill on the Better Business Bureau (BBB) website. Users may find it helpful to consider additional sources of customer feedback to make an informed decision about using the app.

Comparison of Truebill Cons

Cons	Description
1. Monthly Fee for Premium Service	Upgrading to Truebill Premium Service requires a monthly fee.
2. Non-Refundable Fee for Bill Negotiation	Bill negotiation service comes with a non-refundable fee.
3. Limited Negotiation Options	Truebill’s bill negotiation does not cover certain bill types.
4. Limited Customer Reviews on BBB	There are fewer customer reviews available on the BBB for Truebill.

Security

When it comes to handling sensitive user data, Truebill prioritizes security to ensure a safe experience for its users. The app utilizes bank-level 256-bit encryption and securely connects to users’ financial institutions through the Plaid service, which adds an additional layer of protection. User credentials are not stored by Truebill, reducing the risk of unauthorized access. Furthermore, Truebill guarantees that user data is not sold to third parties, safeguarding their privacy.

To further enhance security, Truebill’s servers are hosted on Amazon Web Services, a trusted platform used by reputable organizations such as the Department of Defense, NASA, and FINRA. This ensures that user data is stored in a highly secure environment, minimizing the risk of data breaches and unauthorized access.

Rest assured that your data is in safe hands when using Truebill to manage your subscriptions and bills.

Data Protection Measures	Security Measures
Bank-level 256-bit encryption	Secure connection through Plaid
No storage of user credentials	Servers hosted on Amazon Web Services
No sale of user data to third parties	Trusted by Department of Defense, NASA, and FINRA

With these robust security measures in place, you can feel confident in using Truebill as your financial management app.

Comparison with Trim

When it comes to managing our finances and finding ways to save money, there are several apps available in the market. Two popular options, Truebill and Trim, offer similar services and aim to help users reduce their monthly bills, manage subscriptions, and save money.

While both Truebill and Trim share a common goal, there are distinct differences between the two that may impact the user’s decision. Let’s explore these differences and compare the features and services offered by each app.

Savings Percentage

One notable difference between Truebill and Trim is the percentage they charge for savings. Truebill charges a fee of 40% of the savings achieved through their bill negotiation service, whereas Trim charges a lower percentage of 33%. This can be a deciding factor for users who are focused on maximizing their savings.

Additional Services

While both Truebill and Trim offer services to reduce expenses, Trim goes a step further by providing additional financial assistance. Trim has the capability to negotiate lower interest rates on debts, which can help users save even more money. This additional service sets Trim apart from Truebill.

Free Subscription Cancellation

Truebill offers a free subscription cancellation service, allowing users to easily identify and cancel unused subscriptions. On the other hand, Trim does not offer a similar feature, which may be a drawback for users who prioritize subscription management.

Before making a decision between Truebill and Trim, it’s important to evaluate your specific needs and consider the features and fees of each app. A side-by-side comparison can help you determine which app aligns better with your financial goals.

In conclusion, both Truebill and Trim provide valuable services for those seeking to manage their finances more effectively. While Truebill offers a free subscription cancellation service and charges a slightly higher fee for savings, Trim offers additional services such as negotiating lower interest rates on debts and a lower percentage for savings. It’s essential to assess your priorities and compare the offerings of both apps to make an informed decision that suits your financial needs.

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Better Business Bureau Reviews

Truebill’s reviews on the Better Business Bureau have improved in recent years. As of the latest update, Truebill is accredited by the BBB and has a “B” rating.

However, it’s important to note that there are mixed customer reviews on the BBB website. Some users have reported issues with billing and changes to their plans without permission.

It’s recommended to read and consider customer reviews along with other factors when evaluating the app.

In the table below, you can see a summary of Truebill’s customer reviews on the BBB website:

Rating	Positive Reviews	Negative Reviews
5 Stars	224	49
4 Stars	108	27
3 Stars	46	18
2 Stars	9	18
1 Star	5	35

Please note that these reviews are dependent on individual experiences and may not reflect the overall performance of Truebill. It’s essential to consider additional sources and factors when determining if Truebill is the right financial app for you.

User Testimonials

Truebill has received an overwhelming amount of positive feedback from its users. People are thrilled with how the app has helped them save money, manage their finances with ease, and stay on top of their bills. The numerous features of Truebill, including subscription tracking, bill negotiation, and budgeting tools, have received high praise for their effectiveness.

“Truebill is a lifesaver! It has helped me cut down on unnecessary subscriptions and saved me hundreds of dollars each year. The subscription tracking feature is brilliant and really keeps me in control of my expenses. I highly recommend Truebill!” – Emily S.

Users find Truebill to be a valuable and indispensable tool in organizing their finances and achieving their financial goals. The app’s intuitive interface and user-friendly design make it easy for anyone to navigate and take control of their money. Truebill has truly transformed the way people manage their finances, empowering them to make smarter financial decisions.

“I have tried several financial apps, but Truebill surpasses them all. The bill negotiation service alone is worth the price. The team at Truebill was able to negotiate a lower price for my internet bill, saving me a significant amount each month. I am amazed at how much money I have been able to save with Truebill!” – Michael R.

Whether users are looking to save money, track their spending, or negotiate better deals on their bills, Truebill delivers on its promise. With its wealth of features and tools, Truebill has become an invaluable companion for individuals seeking financial freedom and control.

Conclusion

In conclusion, Truebill is a comprehensive financial app that offers a range of features to help users manage their subscriptions, track their spending, and save money on their bills. With its user-friendly interface and intuitive tools, Truebill makes it easy to take control of your financial health.

One of the standout features of Truebill is its subscription cancellation service, which allows users to easily identify and cancel unwanted subscriptions. This can help save users both time and money by eliminating unnecessary expenses. Additionally, Truebill’s bill negotiation services can potentially save users even more money by securing better rates on bills.

Truebill also offers powerful budgeting and savings tools, allowing users to track their spending, set financial goals, and automate savings contributions. This can help users stay on top of their finances, avoid overspending, and work towards their long-term financial objectives.

While there are fees associated with certain services, Truebill provides flexibility by offering different levels of premium membership, allowing users to choose the features that best suit their needs and budget. However, it’s worth considering individual preferences and objectives when deciding whether to use Truebill or explore alternative options.

FAQ

What is Truebill?

Truebill is an app and online platform that helps users manage their subscriptions, track their spending, and save money on their bills. It offers features like subscription cancellation, bill negotiation, budgeting tools, and credit score access.

How does Truebill work?

Truebill syncs with users’ bank accounts and credit cards to identify subscriptions. It then helps users cancel unwanted subscriptions, offers bill negotiation services, tracks spending, and provides tools for budgeting and savings.

How do I get started with Truebill?

To get started with Truebill, download the app from the App Store or Google Play or access the platform online. Create an account by providing your name, email address, and a password. Link your bank accounts and credit cards to the app for analysis and insights.

What fees are associated with Truebill?

Truebill offers a free version of its app with basic features. However, users can upgrade to the Truebill Premium Service for a monthly fee ranging from to . The bill negotiation service has a non-refundable fee of 30% to 60% of the savings achieved.

What are the advantages of using Truebill?

Truebill helps users easily cancel unwanted subscriptions, track their spending, and automate savings. It provides insights into spending, offers budgeting tools, and gives access to credit scores and reports. Truebill has a high Trustscore rating and claims that 80% of users save money using the app.

Are there any drawbacks to using Truebill?

Upgrading to the Truebill Premium Service comes with a monthly fee, and the bill negotiation service has a non-refundable fee. Truebill does not negotiate certain bills, and there are fewer customer reviews available on the Better Business Bureau compared to other sources.

Is Truebill secure?

Truebill takes the security of user data seriously. The app uses bank-level encryption, securely connects to financial institutions, and does not store user credentials. The app’s servers are hosted on secure Amazon Web Services trusted by organizations like the Department of Defense and NASA.

How does Truebill compare to Trim?

Truebill and Trim offer similar services, but there are differences. Trim charges a lower percentage for savings and offers additional services like negotiating lower interest rates on debts. Trim does not offer a free subscription cancellation service like Truebill.

What are the Better Business Bureau reviews for Truebill?

As of the latest update, Truebill is accredited by the BBB and has a “B” rating. Customer reviews on the BBB website are mixed, with some users reporting issues with billing and changes to their plans without permission.

What do users say about Truebill?

Users appreciate how Truebill helps them save money, manage their finances, and stay on top of bills. The app’s features, including subscription tracking, bill negotiation, and budgeting tools, have been praised for their effectiveness.

Our Friends

• https://clark.com/save-money/truebill-review/
• https://www.cnbc.com/select/truebill-review/
• https://bold.org/resources/truebill-review/