FAQs
Rocket Money is a free budgeting app that offers limited budgeting features for no cost. If you want to create unlimited budgets, customize your budget categories or access features like automated savings, you'll need to pay for a Premium subscription, which costs between $4 and $12 per month.
How much does Rocket Money charge? ›
Pricing & Plans
| Plan Type | Price Range | Features Included |
|---|
| Free | $0 | Basic features only |
| Premium (monthly) | $6 – $12/month | Full access, including bill negotiation |
| Premium (annually) | $48 – $60/year | Full access, including bill negotiation |
Jun 11, 2024
While Rocket Money is a free app, there are several optional paid services and features that could result in a charge or transfer appearing on your bank or credit card statement: Smart Savings Deposits: These are not charges, but deposits into a Smart Savings account that's tied to your Rocket Money account.
Should I trust Rocket Money with my bank account? ›
Is Rocket Money safe? Rocket Money utilizes the same security technology as banks do including 256-bit encryption. Its partner, Plaid, is trusted by many prominent fintech companies including Venmo. In short, Rocket Money is about as safe as any online financial service can be.
How do I stop paying for Rocket Money? ›
How To Cancel Rocket Money Premium on the Web and Mobile App
- Visit the Rocket Money website on your browser and log into your account.
- Click the Settings icon tab located at the top left corner of the dashboard.
- Scroll down and select Premium.
- Drag the slider on the popup window down to $0.
- Click Cancel Subscription.
Rocket Money is a free service to use, but we also provide optional paid services to help you save money. Learn about them here! At Rocket Money, we're committed to fostering your financial prosperity.
What are the cons of Rocket Money? ›
Cons
- Pay for Rocket Money Premium to unlock most features.
- Pay for successful bill negotiations on top of paying monthly membership fee.
- Canceling Rocket Money Premium takes several steps.
- No real-time account syncing for free members.
Here's how to withdraw:
- From your Dashboard, tap the word “Savings” to expand the savings section.
- Tap on the name of your Financial Goal.
- Tap the “Withdraw” button, to the left of the red “Add Money” button.
- Enter the amount you'd like to withdraw.
- Tap “Transfer”
Step 1: Submit a bill
Just tap on "Manage" to get started. Step 2: Choose a bill listed there or tap on "Add a bill" and then select the provider. Step 5: Confirm Payment Method - we charge your choice of a percentage of the first year savings as a success fee - you can choose any amount from 35% to 60%.
How do I get my Money back from Rocket Money? ›
- To get started, open Rocket Money, tap on the '🔔' icon in the upper right corner, and find the notification you received about the fee.
- From there tap the 'Request a refund' button.
- Tap 'Get Started'
- Read from our script when you request that overdraft refund then tap 'Done'
- Let us know if you were able to get a refund!
While Mint was an excellent budgeting app, Rocket Money also has budgeting features to help you stay on track. Besides helping you track and manage your money, it has tools for negotiating your bills, managing streaming services subscriptions, and more.
What did Rocket Money used to be called? ›
It used to be called Truebill until Rocket Companies acquired it and changed its name. Rocket Money does plenty to help you get a handle on your money, and it's one of the best personal finance apps we've tested.
Does Rocket Money affect your credit score? ›
Checking your credit score within the Rocket Money app is a soft inquiry. This type of inquiry has no impact on your credit score and is not reported to any of the credit bureaus.
Is there a fee for using rocket money? ›
The Rocket Money app is technically free, but you have to pay if you want the premium features—which can cost anywhere from $4–5 a month (billed as $48–60 annually) or $6–12 a month (billed monthly).
How does Rocket Money know all your subscriptions? ›
One of the main features of Rocket Money (formerly Truebill) offers is the ability to find and cancel subscriptions you no longer use. To do this, TrueBill links to your bank accounts and analyzes your transactions for subscriptions.
How much does rocket charge per 1000? ›
No charge will be required for the cash in. For Cash Out transaction, the charge will be TK 18 per TK 1000; and Cash Out from First track/ ATM the charge will be TK 9 per TK1000.
Does Rocket Money take a percentage of savings? ›
The premium Rocket Money subscription includes: Subscription cancellation concierge. Bill negotiation (but you still have to pay an extra 30–60% of what they save you—on top of your subscription)
Which is better, Mint or rocket money? ›
While Mint was an excellent budgeting app, Rocket Money also has budgeting features to help you stay on track. Besides helping you track and manage your money, it has tools for negotiating your bills, managing streaming services subscriptions, and more.
