Undoubtedly, One Finance packs all the ingredients that are helpful in streamlining finance. No traditional bank saves your money automatically and yields interests as great as 3.00% APY. One app ticks all the boxes, whether it’s an early paycheck, high-yield interest, overdraft protection, budgeting, or a credit line. We have piled up a few other apps like One that share the same features or even better. Let’s barge forward.
Best apps like One (One Finance alternatives)
SoFi – Invest & Trade
SoFi is the best platform that simplifies finance in a big way. Launched in 2011, it worked its way up to over 2+ million members who are managing their wealth all through one app. They have helped SoFi members save $100 in Vaults, pay Off $22B+ in debt, and borrow $59B+ in funded loans, and all just the start. It’s a great platform if you’re looking for personal finance, investment, loans, credit card, banking, and auto budgeting.
To become a SoFi member and leverage all its offers, you must meet specific eligibility criteria – you must come from an eligible state in the US, have a good income source, and have a decent credit score of at least 600. So not everyone gets approved for SoFi Loan or investment.
For the eligible members, SoFi is nothing sort of a lucrative platform helping in every corner as to wealth. It charges no monthly fees, no overdraft fees, and doesn’t hurt your credit score, as its credit check is considered a soft inquiry.
Besides, when purchasing via a SoFi debit/credit card, you earn up to 2% cashback and unlock rewards and points that you can redeem into crypto. Above all, it offers up to $1,000 for opening an active investment account that allows you to buy stocks at as low as $25.
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As the name suggests, it is a financial platform designed for investors and people who want to manage their wealth. It is a highly intuitive, yet easy-to-use web or app with professional-grade tools to streamline capital. Not only does this program take a holistic approach towards wealth management, but it also zeros in on providing security and protection for your capital. Unlike other apps like One Finance, it aggregates up to $1.5 million in FDIC insurance.
To get started, just link your financial accounts that include, mortgages, checking, savings, IRAs, 401ks, and credit cards, and get a holistic view of your net worth or you can track your investments or create a budget tailored by experts. You can talk with their financial advisors about your money goals to get a personalized strategic plan that is 100% free.
Apart from managing wealth, it allows you to earn cash through its free affiliate program. If you have a blog or website then you can earn a hefty commission by inviting people to the Personal Capital. To sum up, it offers free investment management tools, but to let it track all your financial data or access to human advisors requires a $100,000 minimum account balance, along with a maintenance charge, which is heavy.
Albert: Banking on you
It’s a one-stop shop for your financial health. Launched in 2016, it has managed to rack up over 10 million members budgeting, saving, banking, and investing money. With Albert, you can get a personal investment portfolio tailored by Geniuses, an artificial intelligence.
It does the math and creates the best possible budget for you by analyzing your spending and income that can eventually lead you to a better financial life.
Got saving goals? You can let it track extra money to save automatically, so you can avoid impulse spending and have more money in your pocket.
Besides, the app spots you up to an interest-free $250 when you need it most. However, how much advance you’ll get depends on how much payday you receive.
It charges a small fee to transfer advance instantly straight to your bank account or you have to wait for 2-3 days if you decide to go free. There is no overdraft fee or interest fee for advances.
For as low as $4 a month, you can get the most out of the Albert Genius plan, such as up to two days early paychecks, rewards, fee-free ATMs, expert advice, and more. It doesn’t charge a fee for a budgeting and saving app.
To sum up, Albert is a great platform to invest in stocks, bonds, and even crypto. You can enable the auto-investment feature if you are a novice in the field. Also, it offers up to a 0.10 Annual bonus in your savings account.
Even though there are many great One Finance alternatives, Revolut brings so much to the table. It lets you send and request money with your loved ones in 30+ fiat currencies at incredible exchange rates. Not only does the app make wire transfers hassle-free, but it also saves on fees when you transfer money with it.
Revolut strives to offer all essential financial services with one app, be it budgeting, payments transfers, investing, and much more. Similar to apps like One Finance, or Venmo, it provides end-to-end security, and flexibility to control your card. As for investment, you can get up to 0.65% APY on your deposits. Also, you can trade Crypto with a tap from $1.
To start, log in with your phone number, choose a plan that fits you best, deposit funds, and you’re all set to go. You’ll not have to pay for budgeting and sending and receiving funds.
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Wrapping it Up
It’s the list of the best One Finance alternatives that you can use for managing your wealth. If you want to manage all your finances with just one app, these apps have got you covered. These mentioned apps offer all the banking tools, though not every tool and feature like One Finance.
Besides, you can find the different fee structures in every single app here. However, most of the listed platforms do not charge fees for budgeting and saving accounts. Considering a credit line, and high-yield interest rates, you have better options that we’ll discuss in the later articles.