Monarch Money review 2026: what users say, and is it worth it

Ratings in one place

Four public places rate Monarch, and the numbers are far apart.

• App Store: 4.9 stars from 116K ratings.^[8]
• Google Play: 4.8 stars from 26.1K reviews.^[9]
• Trustpilot: 2.0 out of 5 from 33 reviews: 1 five-star, 2 four-star, 2 three-star, 10 two-star and 18 one-star.^[1]
• Better Business Bureau: a B+ rating, not accredited, and a customer review average of 1 out of 5 from a single review.^[2]

For comparison, YNAB has 4.6 on Trustpilot from 3,138 reviews; see our YNAB review. Monarch also sits in our list of Monarch alternatives and is set against YNAB in Monarch vs YNAB.

Why 4.9 stars and 2.0 stars can both be true

The two scores count different people. The App Store and Google Play ratings come from 116K and 26.1K people who were using the app.^[8][9] The Trustpilot page has 33 reviews. The profile is unclaimed, and Trustpilot notes that Monarch hasn't invited customers to review, so the reviews "may not be representative."^[1] Nobody was asked, so the 33 are people who went to the site on their own, and that tends to favor people with a complaint.

So the store ratings tell you most active users are happy, and Trustpilot tells you what the unhappy ones are upset about. Both are useful, and neither says how many customers have a problem. The problems in the 33 are specific enough to check: bank connections and wrong data (15 of the 16 reviews that mention them are low stars), support (15 low), cancelling or a charge after a trial, and price.^[1]

The BBB: B+, not accredited

The Better Business Bureau lists Monarch Money, Inc. with a B+ rating and no accreditation. The reason it gives for the grade is "9 complaint(s) filed against business." The BBB counts 9 complaints in the last 3 years, 6 of them in the last 12 months.^[2] The letter grade reflects the complaint record, not satisfaction. There is one customer review, 1 out of 5, which is too few to average anything.^[2]

The newest complaint, from September 10, 2026, is about a trial that the person could not cancel in the mobile app before being charged. Monarch replied on September 25 that an email about the trial ending was sent the day before the charge.^[2]

What people praise

On the app stores the praise is for having every account in one place, for the price at about $100 a year, and for how it works for two people. One of the 33 Trustpilot reviews is five stars, and it says the app does its basic job.^[1]

Everything in one place, for two

Worth about $100 a year

It keeps accounts and transactions current

What Monarch does well, from its own pages: it connects banks, cards, loans, investments and real estate through 13,000+ institutions, tracks net worth, offers a Flex budget or a Category budget, carries unspent money into next month, and shows upcoming bills and subscriptions. There are no ads.^[8][10][13]

What people complain about

Connections and wrong data

The biggest theme in the low reviews on both Trustpilot and the App Store. Trustpilot reviewers mention wrong amounts and signs, and some mention Canadian banks.^[1] App Store reviewers say accounts disconnect and need checking daily.^[15]

Charges after a trial or after cancelling

Trustpilot, the BBB and the App Store all have this complaint. Monarch's pricing page recommends signing up on the web rather than through Apple or Google, and says you can cancel anytime.^[7] Reviews from July to October 2026 say people were billed after they cancelled or found it hard to.^[15]

Support and price

Support is the second theme in the low Trustpilot reviews, with 15 low-star mentions.^[1] On price, one App Store reviewer calls it "double the competitors" with no alerts near a budget.^[15]

What Monarch costs

There is no free plan, only a first week free. The full breakdown, the WELCOME code and cancelling are in the Monarch pricing guide.^[7][8]

Paid monthly, the year costs $179.88 against $99.99 billed yearly.^[7] A partner joins under the same subscription at no extra cost.^[11][12] New users can get 30% off Core for a year with code WELCOME, per the pricing page, which says it may expire.^[7]

Is Monarch Money worth it?

It is worth it if

• You want net worth, budgets, goals and bills across every account in one place, and will pay about $100 a year for it.^[10][13][14]
• You are a couple who are comfortable seeing all of each other's accounts, and want two logins on one subscription.^[11][12]
• You want both phone apps and the web. It runs on iPhone, iPad, Android and the web.^[8][9][10]

It is less likely to be if

• You want a free plan. Only the first week is free.^[7][8]
• Your accounts must stay private from a partner. Both see everything and the help center says accounts and transactions can't be hidden.^[11][12][16]
• You use Canadian banks, or a bank that drops often. Reviewers report the most trouble there.^[1]
• You want the method of YNAB, where every dollar gets a job before you spend it. See Monarch vs YNAB.

How Monarch works for couples

A partner joins under the same subscription at no extra cost and gets their own login. The couples page says "Partners will each have their own login, but can view each other's data."^[11][12]Both partners see everything: "both parties will have full visibility into all accounts and transactions associated with it." The help center says you cannot hide bank accounts or transactions.^[11][12][16]

Two people can fund one shared goal from separate accounts, and you can tag a partner to review a transaction. The couples page does not describe splitting an expense between two people.^[11][12] One App Store reviewer could not get a spouse's membership to work with the account they had started.^[15]

What to check before paying

• Connect every bank in the free week. Connections are the top complaint, so find out whether yours hold before day 7.^[1]
• Sign up on the web. Monarch's pricing page recommends it over the app stores, and cancelling is simpler where you started.^[7]
• Set a reminder for day 6. One BBB complaint and several reviews are about a first charge people didn't expect.^[2]
• Decide on the partner. If either of you needs a private account, talk first; Monarch has no way to hide one.^[12][16]
• Pick the plan. The monthly price is $14.99 and the yearly is $99.99. The pricing page doesn't say which tier the monthly price belongs to, and the Plus tier appears at $199.99 on the App Store.^[7][8]

Where Wonderful fits

We make Wonderful, so weigh this accordingly. It is for couples who keep their own money and share some of it: each of you connects your own bank and chooses, account by account, whether the other sees everything, only totals, or nothing. Shared costs split evenly, by income or any way you choose, with a running total of who owes whom. It costs $14.99 a month or $99 a year for both of you, with a free week and no free plan after that. It is web only, has no store ratings yet and gives no investment advice. If you want every account visible to both and a longer track record, Monarch is the established choice. See Wonderful vs Monarch.