Truebill is a new company that makes it easy for you to track your spending and optimize your budget. It’s based on the blockchain, so it’s not just a simple app – it has a whole ecosystem of features that help you manage your finances.
The truebill review reddit is a great tool that helps people optimize their spending. It’s a free service, and has been around for a while.
Automating your monthly bill payments is a simple method to save a little more time each month, but most families are overpaying for services they may not even use due to automated payments and forgotten subscriptions. Truebill excels in this area.
Truebill may be exactly what you need if you’ve ever been charged additional fees or discovered a transaction on your monthly bank account for something you claimed you cancelled months ago or totally forgot you signed up for. Continue reading to learn all there is to know about Truebill and if it is suitable for you.
What exactly is Truebill?
Truebill is a free software that helps users save money by locating and canceling unnecessary subscriptions, negotiating reduced monthly bill prices, and obtaining credit or refunds when a service they use goes down.
Truebill has helped its customers save over $14 million since its debut in 2015, with no upfront costs, so if you’re seeking to save money, it’s certainly worth a look.
What Is Truebill and How Does It Work?
Truebill searches your bank and credit accounts for regular bill payments, subscriptions, and other such items. Truebill can then assist you with closing accounts, canceling subscriptions, negotiating cheaper prices for your bills, and obtaining reimbursement for any service disruptions in your region.
The software also offers basic budgeting features, such as creating a financial plan and setting and meeting savings objectives, to help you save even more money.
What is Truebill’s revenue model?
Truebill is successful thanks to two major income sources. First, it claims 40% of the entire amount of savings its customers achieve via the service, which means that if Truebill saves you $100 in a month, it will retain $40 as a kind of finders fee.
Second, Truebill provides a premium service membership that ranges from $3 to $12 each month. You may also choose for a yearly package, which costs either $36 or $48. Users that upgrade to the premium plan get access to extra services, such as the option to have Truebill cancel undesired or forgotten subscriptions on their behalf. Users who purchase a premium membership will get access to an ad-free version of the Truebill app.
Features of Truebill
Truebill is a flexible software with a plethora of helpful features for its customers. While the app’s primary feature is its ability to monitor and cancel unwanted subscriptions, it has a lot more to offer.
Make a budget
On the dashboard of the app, you’ll see a “Start Budget” option, from which you can create a budget that’s customized to your income, objectives, and lifestyle. The budgeting tool will let you see how much you spend each month and in each area, making it simpler to make adjustments as required to meet your objectives, particularly because you can automate your savings contributions using the app.
Subscriptions may be tracked and managed.
One of Truebill’s greatest attractions, and the function the app was built around, is the ability to keep track of and manage your subscriptions. Once you’ve linked your accounts, Truebill will keep an eye out for subscription costs and display a list of them under the recurring payments page, giving you the opportunity to cancel your membership with a single touch. You may even set it up such that the app cancels subscriptions for you if you’ve chosen to pay for the premium membership.
Reduce the amount of money you pay each month on your bills
Truebill can help you save money by negotiating a cheaper rate with service providers on your behalf. This doesn’t work for every service, but you don’t have to pay anything until they get you a better deal, so it’s worth a go. If Truebill is successful in lowering your bill, the app will deduct 40% of the amount saved as a charge for its services.
Ensure that you get compensated for any service outages.
Nobody wants to pay for something they didn’t get, which is why Truebill will keep an eye on your services for outages and service interruptions. If your cable or internet provider has been impacted, you may use the app to request credit be applied to your account.
Spend Less on Electricity
Truebill can also help you save money on your monthly utilities if you reside in a region where power prices are uncontrolled and vary from month to month. The app will keep track of the best rates in your region so you can get the best deal possible.
Truebill may help you avoid overdrawing your accounts by sending you a Balance Alert notice anytime your account balance falls below a threshold you define, giving you enough time to top up your accounts before future bill payments.
Keep track of your spending habits.
Truebill gives you the ability to monitor your spending patterns over time. You can view your monthly reports and see where your money is going by heading to the “Spending” page on the app. You may also see a complete record of your transactions and look for patterns in your spending.
Truebill has a great tool called “Smart Savings” that may help you save money and meet your financial objectives. You may set up your automatic savings plan by going to the app’s “Smart Savings” option.
How Truebill Can Help You Save Money
We’ve already gone over a lot of the things Truebill has to offer, but the greatest part is that almost all of them can and will save you money.
Whether you’re maximizing the value you get from your services by getting money back after an outage, cutting out subscriptions, lowering your monthly expenses, avoiding overdraft charges, or putting more money into savings after using the app to establish a budget, Truebill is ensuring that you keep more of your hard-earned cash.
Truebill is a fantastic tool for saving money on autopilot, and it’s well worth a look. It has a lot of useful functions, and it’s a really basic and straightforward software to use.
There is no cost up advance.
The Truebill app is completely free to download and use. Unless you choose a premium membership that gives you access to more features, you will not be charged.
It’s Easy to Use
The Truebill app features a simple and user-friendly design that enables you to get up and running quickly. The features are all clearly set out, accessible, and simple to use, so you can begin saving money right away after downloading the app.
Removes You From Difficult-to-Remove Subscriptions
While Truebill’s subscription cancellation features are useful even if you’re just closing an old Netflix account or canceling an Audible subscription you didn’t realize you’d been paying for since your free trial ended, the app really shines when you need to cancel a subscription that’s a little more difficult to cancel.
Truebill will get you out of whatever contract you have, whether it’s a gym membership you don’t use or a cable subscription you can’t afford. You won’t have to deal with lengthy phone lines or customer care reps that won’t let you go.
Doesn’t Increase the Length of Your To-Do List
TrueBill assists you in reducing your expenditures and putting more money in the bank without needing any effort on your part, allowing you to enjoy the advantages without having to put in any effort.
Use with Confidence
Truebill requires access to your bank and credit accounts in order to function, therefore security is essential. While the app does need access to your accounts, it does so on a read-only basis and with 256-bit bank-level encryption to ensure the security of your data.
Truebill has certain drawbacks, just like any other software. Truebill’s hands-off attitude comes at a cost, and you should be aware of the drawbacks before signing up.
Takes a Large Portion of the Money You Save
Truebill earns money from your use by taking a 40% share of whatever money you save via the program to compensate for not charging for it. You’re still saving money overall, but if you negotiate your bills and manage your subscriptions manually or via another tool, you might be putting more money in your pocket.
Advertisements are shown in-app for free users.
The Truebill app comes with in-app ads unless you pay for a Premium membership. These advertisements have no effect on the app’s usefulness, although they may be irritating. Who enjoys being inundated with commercials?
What is the purpose of Truebill?
Truebill is an excellent match for most customers since the majority of families in North America have difficulty keeping track of their services and could use some assistance patching up their financial leaks.
The app gives users access to a variety of features that they wouldn’t have otherwise, such as the ability to negotiate a cheaper rate on a number of bills and the opportunity to unsubscribe from difficult-to-leave services with a single click.
You have nothing to lose by checking out the app since it is free to use until it saves you money. With that said, if you aren’t the sort to utilize subscription services and are confident in your abilities to negotiate your own service reductions, making the adjustments yourself may save you even more money.
Also see: How to Keep Track of Expenses: A Step-by-Step Guide
Pricing at Truebill
Truebill does not charge customers to download or use their software; instead, they receive a 40% share of the savings it achieves via bill negotiation, subscription cancellation, and outage credits.
A premium version of the service is offered for somewhere between $3 and $12 per month. You may also choose for a yearly package, which costs either $36 or $48. The premium membership includes extra convenience features such as the option to immediately cancel subscriptions via the app and an ad-free version of the app.
Is Truebill a secure service?
When you give someone access to your accounts and sensitive financial information, you want to know that the service and your data are secure. That’s why Truebill utilizes the same 256-bit encryption that banks use. Furthermore, the software simply asks for read-only access to your accounts, so you don’t have to worry about your data being stolen.
Alternatives to Truebill
Truebill is presently the only app on the market that focuses only on reducing late and overdraft penalties, but there are a number of other intriguing options that keep track of your subscriptions and will cancel or negotiate a cheaper price for your daily payments.
Trim is a free software that enables users to save money by canceling subscriptions and negotiating cheaper payments. Trim, unlike Truebill, only takes a 33% share of the savings it obtains for its customers via bill reductions, and it doesn’t take a portion of the money you save through service cancellations. Trim’s main drawback is that it can’t cancel as many invoices as Truebill, which means you may lose out on some savings.
To discover more about Trim, read our complete Trim review, or compare Trim to Truebill to determine which service is right for you.
Billshark also negotiates reduced rates with your existing service providers. All major cellular carriers, cable TV and internet providers, and even home security companies cooperate with Billshark. According to their website, they have a 90 percent average success rate.
Billshark charges you a one-time fee of 40% of the money you save. You won’t have to pay any costs if they can’t reduce your expenses, which is great. They, too, provide 256-bit encryption to safeguard your personal information, similar to Truebill.
To discover more, read our Billshark review in its entirety.
Truebill Frequently Asked Questions
Here are the answers to some of the most commonly asked questions regarding Truebull.
What are the most common subscriptions that Truebill cancels?
Truebill can cancel subscriptions in almost any category, but it has a proven track record with Audible, BeenVerified, Comcast, CreditExpert, JustFab, Instant Checkmate, myFICO, Sirius XM, and Verizon.
How Much Does a Truebill User Save on Average?
Truebill claims that the typical customer saves $512 per year, although this figure varies based on a variety of variables, including the number of subscription services you have and the cost of the bills the business may negotiate on your behalf, among other things.
How can I get in touch with Truebill?
Truebill may be contacted in one of two ways. You may reach them via the app or their website’s “contact us” page.
Summary of the Truebill Review
Truebill is a fantastic software that many people may benefit from because of its broad range of money-saving features; however, the one big disadvantage is the 40% fee they charge on all of the money you save using the program. For the most part, this isn’t a problem since you’re still saving more with the app than without it, but if you don’t need all of its capabilities, you may be able to save even more by using one of its rivals or doing your own financial planning.
Truebill is certainly worth a look if you need some assistance closing budget holes, keeping track of your expenditures, and creating a budget. Even if you’re not convinced that the app can help you save money, it’s free to check it out and you may be surprised.
Truebill is a free app that helps you manage your bills. It allows users to create budgets, track spending, and set reminders for upcoming payments. Reference: is truebill safe.
Frequently Asked Questions
Can Truebill be trusted?
Truebill is an online bill pay service that you can trust.
Does Truebill take your money?
Truebill is a service that helps you track your spending and income. It does not take money from you, nor does it charge a fee to use the service.
Does Truebill really lower bills?
Truebill is a free service that helps you save money on your bills by notifying you of any changes in your bill.
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