You ask, we answer
Does PocketSmith connect to all Monarch Money supported banks?
PocketSmith connects securely to all major banks in the US and worldwide with open banking data feeds, where available, and you can search for your bank below. PocketSmith is a money management and budgeting app that grows with you. You can start simply by just tracking your budgets and enjoy our automatic categorisation and custom labeling. But you can also plan your whole financial future up to 30 years into the future with our cash flow and net worth forecasting features. Check out our complete list of supported banks to see if your specific bank is included.
What sets PocketSmith apart as the best alternative to Monarch Money?
Don’t take it from us, hear what our lovely user community has to say. See how diverse households around the world use PocketSmith to get financial peace of mind. From software engineer Amos, who uses PocketSmith to forecast business and household expenses in Texas, to Boston-based Darin, who uses our app to track household expenses and budgeting, and to Sarah, from Chicago USA, who uses PocketSmith to manage her income and gather information for tax purposes.
How does Monarch Money vs PocketSmith stack up?
PocketSmith has all the functionality, plus so much more, compared to apps like Monarch Money. With its vast number of financial institutions, PocketSmith is a powerful tool for users who want detailed insights into their daily transactions and financial forecasting. Of all the alternatives to Monarch Money in the US, you will not find one more comprehensive than PocketSmith. Take the Tour to explore.
Do I have to use bank feeds with PocketSmith?
If you prefer not to use automatic bank feeds, you can use our convenient bank file uploader. PocketSmith supports the following file types: OFX, QFX, QIF, and CSV. Export your bank files from your online banking website, then import them straight into PocketSmith! Read our guide to importing bank files.
Can I share PocketSmith with my financial advisor or family member?
Yes, PocketSmith has a shared access feature where you can choose to share access to your PocketSmith account with a trusted partner, financial advisor, or other financial services of your choice, such as a mortgage broker.
Monarch Money has a mobile app. Is PocketSmith a web app, mobile app or both?
Both! PocketSmith can be used at your desk or on your phone so you can manage your money wherever you are! PocketSmith is cloud-based desktop personal finance software with a mobile companion app. Our iOS and Android budgeting app is designed to provide you with the key elements of PocketSmith right there in your pocket. So you can achieve your money goals while you do what you do best — live your life!
What is PocketSmith?
PocketSmith is world-class personal finance software that lets you manage your money, your way. Track your income, expenses, assets and net worth, customize your budgets, forecast your cash flow up to 60 years into the future, and see it all in a nifty calendar view.
How can PocketSmith help me save for my future goals?
PocketSmith helps you save for future goals by providing powerful forecasting tools to visualize long-term financial scenarios, customizable budgeting to allocate funds towards your objectives, and detailed tracking to monitor progress, ensuring you stay on track to achieve your financial dreams.
How does PocketSmith cater to the needs of freelancers and independent contractors?
PocketSmith caters to freelancers and independent contractors by offering flexible budgeting and forecasting tools tailored to fluctuating incomes, customizable categories for easy expense tracking and tax preparation, and secure storage for important financial documents. Its multi-currency support and collaborative features also make managing international clients and working with financial advisors seamless.
