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Banktivity Review

Sunday, April 21st

2024 Personal Finance Software Reviews

Banktivity Review 3 Star Rating


3 Star Rating
  • Costs from $4.17 to $8.34 per month or from $49.99 to $99.99 per year
  • Network of 14,000 banks
  • Includes investments, plans, property, taxes, budgeting, bills, and payments
  • 90-day money-back guarantee
  • Mobile app and desktop option
  • Designed for Apple users
  • "A+" rating from the BBB

Banktivity, developed by IGG Software, is a financial management solution that offers a personalized touch. Based in Putney, Vermont, this small, dedicated company specializes in developing applications for Mac and Apple mobile devices.

User engagement sets it apart

What sets Banktivity apart is its commitment to user engagement. Embracing the advantages of remote work, Banktivity interacts regularly with its customers, encouraging suggestions for improvements or new features. The only downside with this is that you do have to have an Apple device to operate the program, which makes it a no-go for Windows or Android users.

User-friendly budgeting

The latest update for Banktivity offers an impressive financial tool compatible with Mac, iPad, and iPhone devices. Setting up the app is a breeze, with the option to connect to over 14,000 banks and even monitor the value of your home and other real estate holdings. After the initial setup and syncing, Banktivity offers you assistance with budgeting, so you can control every dollar of your paycheck. With the user-friendly prioritization features, you can trust Banktivity to put your big budget items first, limiting spending when you run out of your budget in one area, and providing a clear roadmap for financial management. However, the design and layout of the program come across as a little dated, so if you're looking for a modern streamlined look, this might disappoint you.

Full range of features backed by a 14,000-bank network

From tracking and tagging to categorizing and reconciling transactions, you can use Banktivity's range of features to maintain a well-organized financial life. You can easily create account groups, budgets, and reports all in one place. On top of that, Banktivity offers detailed reports that can be transformed into PDFs or printed for your convenience or for tax purposes. And if you're interested in investing, Banktivity will monitor individual assets, split dividends, and perform accurate ROI and IRR calculations with ease. Banktivity maintains active and secure connections to a network of 14,000 banks, so you always have real-time data at your fingertips.

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Standout features

Some of the software's standout features include:

  • Investment monitoring
  • Loan management
  • Property management
  • Transaction history
  • Tax reports
  • Spend tracker
  • Financial dashboard
  • Expense groups
  • Budgeting
  • Bills management
  • Payment gateway
  • Reports
  • Multi-currency support

Three pricing tiers to choose from

Banktivity offers three pricing tiers as well as a 30-day free trial to get you started. The premium plans break down with the following benefits:

  • Bronze Subscription: $4.17 per month or $49.99 per year
    • Account types: Checking, Savings, Credit cards, Basic asset, and Basic liability
    • Automatically connect to banks (via Direct Access and OFX)
    • Create budgets
    • Create reports
    • Setup goals to pay down debt
    • Build an emergency fund
    • Encrypted Cloud Sync (see all data on all devices)
    • Technical support (with US-based representatives)
  • Silver Subscription: $5.84 per month or $69.99 per year
    • Includes features of Bronze plan and:
    • Account types: Investment, Retirement, Real Estate, Mortgage
    • Download stock prices
    • Investment reports
    • Download home values (US-only)
    • Save for education
    • Plan for retirement
  • Gold Subscription: $8.34 per month or $99.99
    • Includes features of Silver plan and:
    • Track accounts in different currencies
    • Download currency exchange rates
    • Check printing

90-day money-back guarantee

Banktivity provides a customer-friendly policy for getting your money back. If you're happy with the software within 90 days, you are offered a money-back guarantee for software purchased through Banktivity's online store. So if you find yourself dissatisfied, you can easily contact customer support, and your purchase will be refunded in its entirety. It's important to note that refund policies for purchases from other vendors don't qualify for the 90-day return policy, so buying directly from Banktivity is the best way to get that safeguard.

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Decent reputation, but not a lot of users

During our research into Banktivity's reputation, we found that Banktivity's parent company IGG has an "A+" rating from the Better Business Bureau. On top of that, Banktivity shows an average rating of 4.2 stars out of 5 on the Apple mobile app. However, there are fewer reviews for this service than with other companies we evaluated. At the time that we checked out Banktivity, there were only 49 reviews on the Apple app store and only 9 total reviews on third-party review sites where Banktivity holds a 3.9-star rating out of 5. In general, we'd prefer it if this app had higher popularity.

Good solution for Apple users only

If you're an Apple user who is looking for a budgeting and investment app, Banktivity is one possible solution. With competitive tools and the ability to consolidate all your financial accounts, you'll be supported in every aspect of your finances. However, if you aren't an Apple user, you can't use this app at all. Considering that massive drawback (and the number of Windows users today), Banktivity falls lower in the rankings, since it's just not usable for a large number of potential customers.

What is the Best Personal Finance Software Out There Today?

Are you eager to explore the world of personal finance software to get more control over you cash and spending? Are you feeling frustrated with your current financial management tools? Whether you're a seasoned investor looking for advanced features or a financial novice ready to embark on the path to financial security, selecting the right personal finance software is a crucial decision for your financial well-being.

One of the most significant advantages of personal finance software is its ability to help you grow your assets. But in a world filled with software options, picking out the best program to help you with budgeting, investment, and financial planning can seem like an overwhelming task.

The Best Personal Finance Software Compare Personal Finance Software Compare Personal Finance Software Reviews What are the best Personal Finance Software Best Personal Finance Software Reviews

Personal Finance Software FAQ

Personal Finance Software is a powerful tool designed to help you manage your finances with ease and efficiency. It offers various features and functionalities to track your income, expenses, savings, and investments, all from the comfort of your computer or mobile device.
Personal Finance Software provides numerous advantages for managing your financial well-being. First, you can gain a comprehensive overview of your financial situation, making it easier to budget and set financial goals. Plus, this software offers insights into your spending habits, helping you identify areas where you can save money. With features like automated transaction categorization and bill reminders, it simplifies financial management and reduces the risk of missed payments or helps you wipe out debt.
Security is a top priority for Personal Finance Software providers. They employ high levels of encryption and authentication protocols to safeguard your financial data. Furthermore, they often have data backup and recovery procedures in place so your information is protected even in the event of unforeseen circumstances.
Yes, most Personal Finance Software applications allow you to connect and sync your bank accounts, credit cards, and other financial institutions. This feature enables automatic transaction imports, making it convenient to track your income and expenses in one place.
Absolutely! Personal Finance Software is designed to help you create and manage budgets. You can set spending limits for various categories, track your progress, and receive alerts if you exceed your budget in any area.
Yes, most Personal Finance Software applications offer customizable reporting features. You can generate detailed financial reports, graphs, and charts to visualize your financial trends, track your net worth, and gain deeper insights into your financial health.
Yes, many Personal Finance Software applications offer mobile apps for both Android and iOS devices. These apps allow you to access your financial information on the go, making it convenient to check your finances, enter transactions, and stay on top of your financial goals from anywhere.
Personal Finance Software options vary, with some offering free versions with limited features and others requiring a one-time purchase or a subscription fee for access to advanced features and additional support.
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Continued from above...

Let's take a look at the basics. Personal finance software is a powerful tool designed to help individuals effectively manage their financial well-being. This software allows you to take more direct control of your finances, helping you chart a course towards your monetary goals. Unlike a simple spreadsheet or manual bookkeeping, personal finance software provides an automated solution for tracking your income, expenses, investments, and financial progress. This way, you don't need to stress about your different accounts and rest easy knowing you have control over every aspect of your financial portfolio.

As you consistently manage your money and investments using this software, you'll learn tips and tricks for making more money with less work, and the software will help you maintain your current accounts and investments so that you can increase your gains safely. Personal finance software not only assists in tracking your financial transactions but also offers insights, tools, and projections to optimize your budget, minimize debt, and maximize your savings.

There are a ton of personal finance software options available, but with so many possibilities it's important to find one that actually meets your financial needs. From basic budgeting tools to comprehensive financial suites, these software solutions offer a range of features and capabilities.

Budgeting software focuses on tracking daily expenses and income, helping you create a balanced budget. Investment tracking software allows you to monitor your investment portfolios and make informed decisions. Comprehensive financial suites often combine budgeting, investment tracking, and financial planning tools for a holistic financial management experience. Depending on what you're looking for, the personal finance software you choose might be very different from what another customer needs.

So, how do you go about choosing the right personal finance software? The decision can seem complicated, but we're here to make it simpler for you. Here are several essential factors that can help you narrow down your options:

  • Pricing. Consider the cost of personal finance software. Many software options offer free or basic versions, while others require a subscription or a one-time purchase. Evaluating the pricing structures helps you determine which software aligns with your budget and provides value for your investment.
  • Features and tools. Understand the features and tools available within the software. Does it offer budgeting, investment tracking, or financial planning features? The breadth of tools helps you be sure that your software choice adequately covers your financial objectives.
  • User experience. Check out the user-friendliness and intuitiveness of the software's interface. An easy-to-use interface can keep you engaged, motivated, and in control of your finances.
  • Customer support. And, if you're still not sure, check out the user ratings and reputation of the company and its customer support. Reliable customer service is essential when you're entrusting your financial management to the software.

To make your quest for the ideal personal finance software simple, Top Consumer Reviews has reviewed and ranked the top services out there today. Our goal is to get you started on your financial journey with confidence and ease. So, with the stress taken out of deciding, you can turn your focus to what's really important: managing your finances, and your future, and maybe finally setting aside that fun money you deserve!

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