Copilot Money vs. Monarch Money vs. WalletHub

Copilot Money vs. Monarch Money vs. WalletHub: Key Characteristics

Below, we’ll walk you through some of the differences between the three apps in more detail. We’ll also list which app comes out on top for each category.

Copilot Money vs. Monarch Money vs. WalletHub: Budgeting Tools

Winner: WalletHub

All three apps let you create budgets, track expenses, and set and track savings goals. However, WalletHub has the edge in this category since it is the only one here that offers all of these features for free. You must pay for a subscription before you can access any features on Copilot Money or Monarch Money.

With a free WalletHub account, you’ll also get budgeting reports that can provide insight into your spending trends, and the ability to import transactions and split expenses into multiple budgeting categories.

If you get a premium WalletHub account, you can sync your financial accounts for automatic tracking, have your expenses automatically categorized, and get access to a subscription manager, which lets you track all your recurring transactions in one place.

Copilot Money vs. Monarch Money vs. WalletHub: Budgeting Methods

Winner: WalletHub

While Monarch Money and Copilot give users just two options for managing their budget, WalletHub offers users five different budgeting methods. Users can budget with their total income and expenses only or by using methods like pay-yourself-first budgeting, envelope budgeting, micro-envelope budgeting, or the 50/30/20 rule. WalletHub wins here because it lets you budget the way you want.

Copilot Money vs. Monarch Money vs. WalletHub: Credit Tools

Winner: WalletHub

Both WalletHub and Monarch Money give you access to your credit score, unlike Copilot Money.

WalletHub leads in this category, since it also provides your credit report, analyzes your credit history to give you insights into your score, offers credit monitoring, and lets you lock and unlock your credit report right from your WalletHub account. In addition, you can use WalletHub’s credit builder feature to report your on-time rent and utility payments to TransUnion to build credit history.

Neither Copilot Money nor Monarch Money offers these features.

Copilot Money vs. Monarch Money vs. WalletHub: Identity Theft Protection

Winner: WalletHub

WalletHub is the only app here that offers tools that monitor your credit report and personal information for suspicious activity, giving it the top spot in this category. In fact, WalletHub offers several different identity theft protection features, including credit monitoring, Social Security number trace alerts, dark web monitoring, identity theft insurance, and identity theft restoration services. Copilot Money and Monarch Money don’t offer any identity theft protection features at all.

Copilot Money vs. Monarch Money vs. WalletHub: Investing & Retirement

Winner: WalletHub

All three apps allow you to sync your investments, so you can see your latest balance for each account and monitor how individual investments are performing over time. They all let you track your net worth, too. However, WalletHub has the edge in this category since it is the only app here that allows you to get investment news directly from your account.

Copilot Money vs. Monarch Money vs. WalletHub: Additional Features

Winner: WalletHub

Unlike Copilot Money, WalletHub and Monarch Money offer a customizable dashboard, so you can personalize your experience when using the apps. However, WalletHub offers a lot more features, such as a financial timeline that summarizes important alerts and access to both your auto insurance score and WalletScore. Your WalletScore incorporates your credit, spending, emergency preparedness, and retirement savings to determine how financially healthy you are.

Copilot and Monarch Money do not offer these additional features, which is why WalletHub wins in this category.