Home Finance Rockey Cash Evaluate: Is Rocket Cash Secure?

Rockey Cash Evaluate: Is Rocket Cash Secure?

Rockey Cash Evaluate: Is Rocket Cash Secure?


Are you on the lookout for a cash app that may assist you handle your day-to-day spending? Rocket Cash claims to do exactly that, in addition to assist you cancel undesirable subscriptions and plan for future purchases.

However is Rocket Cash secure to make use of, and the way does it evaluate to comparable budgeting apps like YNAB and Private Capital? I reply these questions, and extra, on this Rocket Cash Evaluate.

Desk of Contents
  1. What Is Rocket Cash?
    1. What Occurred to TrueBill?
  2. How Does Rocket Cash Work?
  3. Rocket Cash Pricing
    1. Lite
    2. Premium
  4. Rocket Cash Options
    1. Account Syncing
    2. Observe Subscriptions
    3. Invoice Cancellation
    4. Invoice Negotiation
    5. Budgeting
    6. Invoice Reminders
    7. Automated Financial savings
    8. Web Price Tracker
    9. Credit score Rating Monitoring
  5. Rocket Cash Professionals and Cons
    1. Professionals
    2. Cons
  6. Is Rocket Cash Secure?
  7. Options to Rocket Cash
    1. YNAB
    2. Private Capital
    3. Trim
  8. Mint
  9. FAQs
  10. The Backside Line on Rocket Cash

What Is Rocket Cash?

Rocket Cash, previously TrueBill, is a budgeting app for Android and Apple units. Sadly, they don’t provide a desktop platform, so that you should be comfy utilizing your telephone to handle your cash. 

Free and premium plans can be found with varied perks. 

A few of the member perks embrace:

  • Account monitoring
  • Automated financial savings
  • Invoice negotiation
  • Budgeting
  • Credit score rating monitoring

You’ll get essentially the most from Rocket Cash in case you use it to watch your spending and subscription administration instruments. Its free instruments make it a great budgeting app for grads, however the premium subscription stays reasonably priced in case you don’t want hands-on budgeting assist.

What Occurred to TrueBill?

Earlier than mid-2022, Rocket Cash was generally known as TrueBill. The cash administration app was acquired by Rocket Corporations, which additionally operates the next manufacturers:

  • Rocket Loans
  • Rocket Mortgage
  • LowerMyBills.com

If you have already got a Rocket Corporations account from one in all these different companies, you need to use your present login particulars.

Be taught Extra About Rocket Cash

How Does Rocket Cash Work?

Rocket money review screenshot of Rocket money landing page

You possibly can comply with these steps to be a part of Rocket Cash and use it to enhance your funds:

  1. Obtain the Android or Apple cellular app
  2. Hyperlink your monetary accounts
  3. Analyze spending habits
  4. Search for methods to economize
  5. Create budgeting and financial savings targets
  6. Monitor monetary progress with common updates.

Rocket Cash Pricing

Two totally different membership plan choices can be found: Lite and Premium. Pricing for Lite is free, and Premium is $4.99 to $11.99 however encompasses a “Pay What’s Honest” possibility, which I’ll clarify in additional element under.

A 7-day free trial is out there on the Premium plan.


The Lite plan is the usual possibility and is free for all times. 

Its advantages can get the job completed and embrace the next:

  • Two budgeting classes
  • Credit score rating (no credit score report entry)
  • Hyperlink banking accounts
  • Low stability alerts
  • Day by day account syncing

The Lite plan is finest if you wish to hold tabs in your spending and account balances however don’t want hands-on assist canceling or negotiating a lower cost for recurring payments. 

The budgeting instruments are restricted to 2 classes, which will be ample to keep away from overspending in your most vital month-to-month bills.


The Premium plan provides a 7-day free trial, and you then select month-to-month or annual funds:

  • Month-to-month: $4.99 to $11.99
  • Yearly: $35.99 or $47.99 (billed upfront)

This app follows a “Pay What’s Honest” technique, so you’ll be able to determine how a lot to spend.

In accordance with Rocket Cash, the common paid consumer pledges $6.99 month-to-month.

That can assist you determine if Rocket Cash Premium is value it, these are the accessible perks:

  • Limitless budgeting classes (vs. 2 for the Free plan)
  • Credit score rating and full credit score report (vs. credit score rating solely)
  • Automated subscription cancellations
  • Invoice cancellation concierge
  • Web value monitoring
  • Actual-time account syncing (vs. day by day syncing)
  • Shared accounts
  • Premium chat
  • Export information

You must think about upgrading to the premium plan if you need limitless price range classes, shared accounts, or automated subscription administration instruments.

Be taught Extra About Rocket Cash

Rocket Cash Options

Account Syncing

Rocket Cash hyperlinks your banking, bank card, and funding accounts by means of Plaid. This third-party service has read-only entry and doesn’t retailer your delicate particulars for additional privateness. 

Your account balances replace day by day the primary time you log into your account. The app will ship spending insights and alerts when direct deposits hit your account. Linking as many accounts as doable makes it simple to see how a lot you spend and earn precisely. 

After linking your accounts, you’ll be able to start categorizing your transactions. Rocket Cash auto-categorizes most transactions, so the continuing upkeep necessities are minimal.

Observe Subscriptions

Rocket Money Review Track Subscriptions

You’ll have a ballpark estimate about your mounted residing bills, comparable to utility payments, meals, and childcare. Subsequently, you have got a agency concept of what you’ll be able to afford in your present revenue.

Spending $10 or $20 right here and there on streaming companies might not seem to influence your price range, however a number of small subscriptions can flip right into a surprisingly great amount.

After linking your accounts, Rocket Cash seems by means of your transaction historical past for recurring subscriptions and lists them in a single place.

This characteristic is an efficient train in figuring out which companies you usually use and the others you’ll be able to reside with out. 

Invoice Cancellation

Premium subscribers can have the app cancel subscriptions on their behalf. Free customers will obtain step-by-step instructions to cease service, which may prevent time regardless of doing the laborious work your self.

This characteristic is useful in case you don’t have the time to remain on maintain for an prolonged interval otherwise you’re the kind to simply accept provides solely to finish up regretting the renewal determination later. 

Invoice Negotiation

Rocket Money Bill Negotiation

All subscribers can see if Rocket Cash will negotiate your current payments for a decrease fee. This is a wonderful train to follow at the least annually for companies you’ll be able to’t reside with out to make sure you’re paying the perfect worth.

A few of the finest financial savings alternatives embrace:

  • Cable or satellite tv for pc TV
  • Dwelling Web
  • Postpaid telephone plans (i.e., Verizon Wi-fi, AT&T, and T-Cellular)
  • Satellite tv for pc Radio
  • Newspapers

Cable payments and contract mobile phone plans have essentially the most potential for reductions. The invoice negotiator may even see if they’ll swap you to a more recent plan that’s cheaper however has the identical options as your current legacy plan. There may additionally be loyalty bonuses or limited-time promotions that may cut back your invoice for the next 12 months. 

The service claims to have an 85% success fee in reducing your payments. You pay a one-time success payment and get to determine how a lot of the primary 12 months of financial savings to contribute as cost.

Rocket Cash also can attempt to economize on these bills:

  • Automobile insurance coverage
  • Financial institution overdraft charges
  • Invoice cost late charges


Rocket Money Budgeting Screenshot

Along with real-time spending alerts and direct deposit notifications, Rocket Cash helps you to create a easy spending plan. The budgeting instruments aren’t as highly effective as some free budgeting instruments, however they can assist you rapidly see in case you’re residing inside your means for the month. 

Lite customers can create two budgeting guidelines, and premium members could make limitless guidelines. For instance, chances are you’ll need to create a rule for eating and leisure, that are variable however controllable bills.

This budgeting app generates a month-to-month report summarizing your spending and revenue patterns. It’s additionally doable to investigate these subjects all through the month:

  • Payments paid
  • Present spending
  • The revenue left for financial savings.
  • Cash left for spending
  • Month-to-month earnings to date

Most studies can be found on a weekly, month-to-month, quarterly, or yearly interval.

Budgeting as a pair with the Shared Accounts characteristic accessible to premium subscribers can also be doable.

Invoice Reminders

The app shows invoice cost reminders and the cost due date, making it simpler to plan forward, so that you don’t overlook to pay a invoice. You should still have to fine-tune your spending plan for variable payments comparable to your electrical invoice. 

Automated Financial savings

Rocket Money Automated Savings

Premium subscribers can use the Sensible Financial savings characteristic to contribute to their financial savings targets routinely. You possibly can determine how a lot to save lots of and the way regularly to withdraw out of your linked checking account. 

To stop account overdrafts, the service skips withdrawals when you have got inadequate funds in your account. 

Your money goes into an FDIC-insured account till you’re able to spend it. Sadly, chances are you’ll not earn curiosity on these deposits. As an alternative, think about a high-yield financial savings account to make cash in your short-term financial savings. 

Web Price Tracker

A paid subscription also can observe your web value by means of your linked accounts. This characteristic will not be as important as budgeting or monitoring spending, but it surely’s one other option to monitor your monetary progress.

Credit score Rating Monitoring

Rocket Money Credit Score Monitoring

Lite customers can view their Experian VantageScore 3.0 credit score rating without cost. The app refreshes your rating month-to-month. Though this isn’t the identical rating that the majority lenders use to make credit score selections (that will be the FICO Rating from the Honest Isaac Company), it will provide you with estimate of your creditworthiness.

It’s also possible to see areas of enchancment that may assist you obtain credit score rating. Nonetheless, free subscribers gained’t have the ability to entry their credit score report.

Premium members have the chance to view their full Experian credit score report. This report updates month-to-month, so you should definitely entry it usually to keep away from lacking a month-to-month replace.

This can be a good characteristic, and it’s useful in assessing your full monetary image. Take into accout there are a number of methods to test Your credit score rating without cost with extra fixed updates. Different credit score monitoring companies might retrieve your rating from extra credit score bureaus and probably provide your FICO Rating.

Rocket Cash Professionals and Cons

Rocket Cash can deal with many day-to-day budgeting duties. It’s bought some clear advantages and some drawbacks, too. Right here’s my checklist of Rocket Cash professionals and cons:


  • A free plan is out there
  • Syncs to accounts
  • A number of cash administration options
  • “Pay what’s honest” possibility on the Premium plan


  • Greatest options require a paid subscription
  • Credit score rating monitoring solely updates month-to-month
  • Cellular-only

Is Rocket Cash Secure?

Sure, Rocket Cash is a secure option to monitor your banking account transactions, search for methods to scale back spending, and observe your credit score rating.

The app makes use of the identical third-party service (Plaid) to hook up with your accounts as most private finance software program apps. This software program doesn’t retailer private info on its servers and makes use of bank-level safety to guard your account. As well as, when it’s essential to share your information with others, you’ll be able to scramble your information for extra privateness.

Be taught Extra About Rocket Cash

Options to Rocket Cash

Rocket Cash can assist enhance your funds, however these different companies will be higher in case you want hands-on assist with a selected want.


Should you require critical budgeting assist to cease residing paycheck to paycheck, You Want A Price range (YNAB) is a wonderful possibility. This budgeting app requires a paid subscription ($14.99 month-to-month or $99 yearly), however you have got a 34-day free trial to determine if it’s match.

The YNAB price range follows a zero-based price range method, assigning every greenback to a selected job. So, you have got the plan to spend or save each greenback that you just make. 

The app walks you thru the budgeting course of and opinions many month-to-month bills which are simply ignored with primary budgeting instruments like Rocket Cash or Mint.

The spending and web value studies are additionally strong. There are additionally a number of monetary calculators that will help you plan upcoming targets. For extra info, try our full YNAB overview.

Be taught Extra About YNAB

Private Capital

Private Capital is arguably the perfect free web value tracker accessible immediately, as you’ll be able to hyperlink your banking accounts and add handbook accounts. The service contains primary spend monitoring instruments to categorize transactions and make sure you reside inside your means. 

Creating financial savings targets and reviewing your funding portfolio’s asset allocation and fund charges can also be doable. Learn our Private Capital overview for extra info.

Be taught Extra About Private Capital


Should you simply need a service to barter payments, then think about Trim. The app can carry out these companies, often without cost:

  • Scale back cable, telephone, and web payments (15% success payment of annual financial savings)
  • Cancel undesirable subscriptions (Free!)
  • Negotiate medical payments (Free!)
  • Decrease APRs and financial institution charges (Free!)

It’s also possible to monitor transactions and automate financial savings for upcoming targets without cost.


Mint offers lots of the similar budgeting and credit score monitoring instruments without cost. Sadly, it signifies that you will notice annoying adverts and product provides as you employ the app.

For budgeting, you’ll be able to create a number of classes after connecting your accounts. This app has among the finest free budgeting instruments.

The service also can negotiate payments and cancel undesirable subscriptions. All customers also can view their credit score rating and a credit score report abstract without cost.


What are the Rocket Cash customer support choices?

You possibly can ship a chat message inside the app; the everyday response time is inside someday. Moreover, premium members obtain precedence assist. An intensive on-line FAQ part additionally offers tutorials for the free and paid options.

Does Rocket Cash value cash?

It’s doable to watch your banking accounts, credit score scores, and subscriptions without cost. Nonetheless, it’s essential to pay at the least $4.99 month-to-month (or $35.99 yearly) for limitless budgeting guidelines, subscription cancellation, and different in-depth entry.

Does Rocket Cash promote your info?

Rocket Cash gained’t promote your private info and protects your privateness. Nonetheless, chances are you’ll obtain provides from different Rocket corporations and third-party associates. 

Be taught Extra About Rocket Cash

The Backside Line on Rocket Cash

Rocket Cash will be an efficient option to make a free price range if you wish to observe spending simply and don’t want hands-on assist. The paid subscription is value it in case you want limitless budgeting entry and different money-saving instruments. The “Pay What’s Honest” possibility makes it a fair higher worth.

However whereas the app has a number of extra options, not all are helpful. Should you’re on the lookout for extra in-depth instruments for budgeting or monitoring your spending, think about different choices, comparable to YNAB or Private Capital, along with Rocket Cash.

Rocket Cash


  • Free plan accessible
  • Syncs to your accounts
  • A number of cash administration options
  • “Pay what’s honest” possibility on the Premium plan


  • Free model is proscribed
  • Credit score rating monitoring solely updates month-to-month
  • Cellular-only



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