NerdWallet | How Secure is NerdWallet? (2024)

FAQs

NerdWallet | How Secure is NerdWallet? ›

We use industry-standard security controls, such as cryptography, to protect your personally identifying information. And our partners TransUnion and Plaid do the same.

Is NerdWallet Safe to Use? Yes, NerdWallet is safe. NerdWallet supports multi-factor authentication (MFA) in addition to other industry-standard security controls. It encrypts your financial data (128-bit encryption) for enhanced safety.

We may share information collected directly from you with unaffiliated third-party partners in connection with your use of specific aspects of the Services. Some examples include but are not limited to: When you request to prequalify for a third-party loan or credit card product on NerdWallet Services and.

NerdWallet writers and editors are experts in their field and come from a range of backgrounds in journalism and finance. We adhere to the highest editorial standards to ensure our readers have the information necessary to make financial decisions with confidence.

NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. It has a website and app that earns money by promoting financial products to its users.

To link a bank account using the NerdWallet app

Tap the circle menu icon at the top right corner of your screen. Tap Financial Info then Linked Financial Institutions. Tap Add Your First Account. You'll be prompted to enter a phone number to receive a confirmation code.

Consider whether your primary concern is tracking your finances or managing your credit score. Credit Karma is likely the best option for you if your primary concern is managing or improving your credit score. If your primary concern is budgeting and finance tracking, NerdWallet is likely the better choice.

To close your account from the NerdWallet app

Tap Settings. Scroll down toward the bottom and tap Close My Account. Tap Yes, Close.

NerdWallet is entirely free for our account holders. So how do we make money? Our partners compensate us.

Checking your credit score on NerdWallet only prompts a soft inquiry on your credit report - not a hard inquiry - and will never impact your score in any way, no matter how often you check it. This article includes more detail about this: Does Checking My Credit Score Lower It?

What is the 50 30 20 rule in NerdWallet? ›

NerdWallet recommends the 50/30/20 budget, which suggests that 50% of your income goes toward needs, 30% toward wants and 20% toward savings and debt repayment. Monitor your credit, track your spending and see all of your finances together in a single place.

The best alternatives to NerdWallet are Paperform, Wanted, and Ramp.

At NerdWallet, our mission is to provide clarity for all of life's financial decisions.

How does NerdWallet protect my personal information? We use industry-standard security controls, such as cryptography, to protect your personally identifying information. And our partners TransUnion and Plaid do the same.

Personal Information We Collect, Disclose for a Business Purpose, and Sell. We collect the categories of personal information about California consumers identified in the chart below and use and disclose to third parties this information for business or commercial purposes.

NerdWallet helps consumers learn about saving money, investing their money, mortgages, student loans, insurance, credit cards, and more with the aim of helping readers learn how to grow their money, discover financial products that fit their needs, and manage their money better.

Becoming a registered user of NerdWallet is free and gives you a dashboard displaying your finances. You can get a TransUnion credit score and link financial accounts to track cash flow and net worth. There's also a free app you can download for easy access anytime.

To close your account from the NerdWallet app

For Android devices: Tap the circle icon in the upper right-hand corner. Tap Settings. Scroll down toward the bottom and tap Close My Account. Tap Yes, Close.