Truebill Review 2023: Save Money & Manage Bills Effectively

Our Truebill review will give you a feel for how Truebill works and why you would benefit from using it!

Truebill is a personal finance tool that helps you take control of your finances by giving you the ability to see where your money is going- and if you’re being overcharged.

Like most people, you’ve probably been overcharged by your service providers at least once (and likely more than that!). These charges can add up quickly, whether it’s an errant late fee or an unannounced rate hike.

These situations are frustrating, but Truebill can help save money each month and smooth out your financial life.

Overview: Truebill Review

• Truebill offers a free and premium version of their app.
• They also offer a free 7-day trial of their Premium subscription.
• The free app includes financial tracking, budgeting, and credit score features.
• The premium app includes additional features, such as balance alerts, a Smart Savings account, etc.
• One of the premium features is that Truebill will scan your bills and then negotiate with the company to get the best rate.
• They also provide bank-level encryption to ensure the privacy and security of your data.

While the free version of Truebill offers some great features, the paid version is even better. For just $3 – $12 per month (billed annually), you can get access to:

Syncing Balances

One of the Premium features we like is syncing your bank account balance. It makes it easy to keep track of your money in one place. You can link all your bank accounts and transactions to see how much money you have left in your account.

To get started, connect your bank account and credit card accounts to Truebill. Then, go to the settings tab and select “Enable Balance Sync.”

Premium Chat

You may have questions from time to time. With the chat, you can connect with Truebill’s excellent customer service to answer your questions quickly.

If you don’t want to chat with support, you can find the answers in the Truebill knowledge library, or you can email support for help.

Cancellations Concierge

Truebill saves you money with its premium services feature bill called cancellations concierge. This feature is excellent if you have a lot of bills and don’t have the time to cancel subscriptions.

Truebill monitors and works to help you cancel your services – from your cell phone plan to your cable subscription.

You have to provide the concierge with your account information, and they’ll take care of the rest and cancel subscriptions for you.

The free version provides you with instructions on canceling subscriptions, but you don’t have to lift a finger with the paid version!

Custom Categories

Truebill lets you create custom categories to help you organize your finances. Custom categories are beneficial if you have a lot of expenses and want to track them by category.

For example, you could create a custom category for “household” and then add all of your household expenses to that category. This would let you see how much you’re spending on household supplies each month.

Unlimited Budgets

This feature allows you to track as many budgets as possible without any additional fees. You can create budgets for anything, including food, entertainment, and travel.

For example, you might want to create a budget for your weekly food expenses. You can limit how much you want to spend on groceries, and Truebill will track spending habits and alert you if you go over budget.

Smart Savings Feature

We think that sub-saving accounts for short-term objectives are a fantastic idea. Truebill provides sub-savings accounts with a Premium service called Smart Savings.

Smart Savings is a feature that you can use to simplify saving for small and short-term savings goals.

With this feature, you can move money from your checking account to an FDIC-insured bank account to reach your financial goals without thinking about it.

You may opt to have automatic transfers run, establish limits to avoid overdrafting, and withdraw funds from your savings accounts at any time.

For example, you could use your Smart Savings account to withdraw $50 a month from your checking account before Christmas to pay for gifts.

Pay Advance

You can use Truebill to get cash early- simply apply for your pay advance up to 15 days before your payday.

Once your check arrives, Truebill deducts the money you owe from your checking account. This service comes with no interest, so you can focus on your finances without worrying about additional fees.

Truebill Pros & Cons

Pros

• Simple to use and manage your finances and
• Offers a variety of features that helps save money
• Helps you keep track of your budget
• Your data is kept safe with bank-level encryption
• Bill negotiation service lowers your costs each month
• View all your recurring charges in one place
• FREE 7-day Premium subscription to see if Truebill works

Cons

• Takes some time to connect the account with bill providers
• Fee is 40% of your full year of savings (if they successfully negotiate a lower bill)

Truebill Vs. Trim

Truebill and Trim are companies that offer similar services.

Both companies offer bill negotiation services that will help you lower bills like the cable company bill each month.

Here’s some info on Trim to see why people use it:

Trim

Trim has a philosophy that they want “to help all hardworking Americans be financially healthy!”

Trim is simple to use and offers a variety of features that can help you manage your finances. You can use Trim to track your spending, lower monthly bills, budget your money, and even cancel your unwanted subscriptions.

Here’s a list of what Trim offers for free:

• Subscription Cancellation
• Monitor daily bank transactions
• Negotiate Medical Bills
• Bank Negotiation – Lower credit card APRs and get bank fees refunded
• Simple Savings (automate your savings)
• Car Insurance Comparision
• Liabilities Calculator

Trim and Truebill both offer bill negotiations with over 15,000 financial institutions. The big difference between Truebill and Trim is the amount Trim charges for bill negotiation.

Trim recently lowered their fee to 15% of the total first year of savings. Remember, Truebill’s success fee is 40%.

But like Truebill, if they cannot negotiate savings and lower bills for you, there is no charge.

FAQs

Is Truebill safe to use?

Yes, Truebill is a safe and secure way to manage your finances.

This financial app uses the Plaid service to connect with different financial institutions and encrypt your data with bank-level security to ensure that your information is safe.

Who would benefit from Truebill?

Truebill is an excellent tool for anyone who wants to lower their monthly bills. If you’re looking for a simple way to keep track of your budget, detect potential savings, and lower bills, Truebill is a great option.

How much can I save with Truebill?

You may be wondering, “Can Truebill save me money?” Truebill says they can save you an average of $180 per year. However, your savings will depend on your specific financial situation.

Our Thoughts

Truebill is an excellent tool for anyone who wants to better handle their spending and save money each month on their road to financial freedom!

Keeping track of your spending is possible with the Truebill free budgeting app. Truebill makes it easy to see where your money is going and where you can save.

The app is easy to use and offers a variety of features that help manage your finances. The paid version is even better, offering more features and benefits that can help you save money each month.

If you are looking for an app to help you keep track of your budget, we recommend Truebill.

Get Your Free Truebill Account Now

Truebill

9.4

Overall Rating

9.4/10

Product Cost

10.0/10

Tools and Features

9.5/10

Ease of Use

9.0/10

Customer Service

9.0/10

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