Rocket Money (2024)

FAQs

Is the Rocket Money app legit? ›

Is Rocket Money legit? Yes, Rocket Money is a legitimate company. It uses data encryption to keep your information safe, securely links bank accounts through Plaid, and its savings account is offered through nbkc Bank, which is insured by the FDIC.

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.

Rocket Money uses advanced algorithms to analyze your transactions and automatically identify your subscriptions and bills.

Cancel unwanted subscriptions

Easily cancel a subscription by tapping the three dots next to the charge. You'll see how much you'll save per year by canceling the subscription, which you can do by selecting “Cancel for me.” Enter that subscription's login information and click cancel.

On behalf of the Electronic Privacy Information Center (EPIC), the NYU Tech Law and Policy Clinic filed a complaint with the Consumer Financial Protection Bureau against financial technology company Rocket Money (formerly Truebill), alleging unfair, deceptive, and abusive trade practices and violations of the the Fair ...

Is the Rocket Money app safe? It indicates an expandable section or menu, or sometimes previous / next navigation options. Yes, Rocket Money is safe. It has 256-bit encryption to store data and is partnered with Plaid to securely link your accounts.

The app also offers bank-level security with 256-bit encryption to keep your personal data safe. Rocket Money is free to use, although there are optional services, such as bill negotiation, that you can opt in to for an extra cost ranging from $4 to $12 monthly.

These inquiries may include asking you for further information, requiring you to provide your full address and Social Security number, and/or requiring you to take steps to confirm ownership of your email address or financial instruments, ordering a credit report, or verifying information you provide against third ...

Rocket Money (formerly Truebill) is an app that focuses on managing bills and canceling subscriptions. Rocket Money's subscription cancellation service costs money and doesn't work for everything.

Rocket Money uses secure services to connect with your banking institution(s). Ideally once you link your accounts to Rocket Money, you are all set: your accounts should remain connected and you'll receive information on a standard schedule (typically every 4 to 24 hours) from your banking institutions.

Does Rocket Money actually lower bills? ›

Another premium Rocket Money feature is its bill negotiation service. Rocket Money works with most major cell phone, cable, and home security providers, and it can contact these providers to negotiate lower rates on your behalf.

Rocket Money takes the work out of managing multiple bank and credit card accounts, combining all of your accounts into one easy-to-navigate platform. You can check balances, see upcoming expenses, and create customized budgets with just a few clicks.

Identify all your subscriptions. Check your credit card statements for recurring payments. One easy way to do this is use a subscription tracking tool, such as Rocket Money or OneMain Trim, which finds and then helps you cancel subscriptions you no longer want. Second, opt out!

EveryDollar is a good choice for those who are in search of simple, back-to-basics budgeting software. There's a free version that lets you enter your transactions yourself. However, if you want the app's full functionality and automatic sync features, expect to pay up.

The app also offers bank-level security with 256-bit encryption to keep your personal data safe. Rocket Money is free to use, although there are optional services, such as bill negotiation, that you can opt in to for an extra cost ranging from $4 to $12 monthly.

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.

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.