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Clarity Money review

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Catch a clear view of your habits to cut dead-weight spending.’s rating: 4.7 / 5.0


Clarity Money is a tracking tool owned by Goldman Sachs. It pinpoints areas in your regular spending that could be eliminated or tweaked — but it’s not a budgeting tool for allocating monthly funds.






Minimum deposit to open


Annual percentage yield (APY)0.50% on balances of $0+ You'll need to open a High-Yield Marcus Online Savings Account through the Clarity Money app
Minimum deposit to open$0
New account fee$0
Minimum balance to earn interest$0
Interest compoundingDaily
More info

More Info


Review by

Julia Cameron is a writer and editor who has experience in finance, mergers and acquisitions, content marketing and immigration law. She has a passion for interior design and an affinity for Old Florida, where she lives with her family.

Expert review

Clarity Money is best for savers who want to cut down on spending costs. It’s also best for long-term use, since insight into your spending habits is most effective over time. It organizes your finances and shows you a list of possible subscriptions you could cancel or negotiate for a lower price.

But it doesn’t support all banks and credit cards and it’s not the most comprehensive solution for budgeting.

How do I open a Clarity Money account?

Ready to view your spending in one place? Download Clarity Money wherever you get your apps.

You can also open an account online following these steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From Clarity Money’s website, click Sign Up.
  3. Register using your first and last name and email. Create a password. Review and consent to the terms of use and commit to using electronic signatures where applicable. Click Sign Up.
  4. Clarity Money will send you an email to verify your address. In it, click Verify my Email.
  5. Finally, link your bank accounts to your Clarity Money account to sync your finances with the app.


To use Clarity Money, you must be 18 years or older and live in the US, a US territory or on a US military base.

Required information

The only information you’ll need to open an account is the routing and account numbers for each account you’re linking. Clarity Money doesn’t require you to submit a photo ID to confirm your identity since it’s not an actual bank.

What types of accounts can I link to Clarity Money?

Sync these account types with Clarity Money:

  • Checking accounts
  • Savings accounts
  • Credit card accounts

What are the benefits of Clarity Money?

Clarity Money is free to download and use, compatible with both iPhones and Androids and won a Webby Award for excellence in 2017 for its slick and user-friendly design.

Here’s what sets this app apart from the pack:

  • Future-focused. Clarity Money is designed to help you improve in the future with an automated savings feature and daily inspirational quotes.
  • Cancel subscriptions. Cut the dead weight from your spending by reviewing a list of your automatic monthly subscriptions and cancelling them right from the app.
  • Free credit score monitoring. Aside from checking your score, Clarity Money offers insights like how much it changes each month and how to improve it.
  • Bill-negotiation service. Clarity Money can negotiate with companies you regularly owe money to — like cable or phone companies — to reduce your annual bill. While the negotiating service is free, you’ll pay 33% of the total amount Clarity Money saves you.
If your cable bill is $120 and Clarity Money negotiates it down to $95, you’ll save $25 over the course of a year and Clarity will get $8.25 for the service.

What should I look out for?

Clarity Money is a third-party account and not an actual bank, so there mightbe some key functions you’ll need to perform directly within your bank’s online platform. Other disadvantages include:
  • No customized budget. Clarity Money is designed to illuminate your spending habits as they are. You can’t create a budget within the app for a more structured approach moving forward.
  • Not multilingual. The app is only available in English.
  • Only synced with US-based banks. Clarity Money won’t sync with overseas banks.
Clarity Money also doesn’t support all banks and credit cards, including Wells Fargo and Discover – two big name providers. A complete list of financial institutions that Clarity Money has trouble linking with includes:

If you prefer a complete budgeting tool or one that links to your bank or credit card account, you’ll want to keep looking. As always, browse your options when looking for a checking account.

Compare with other savings apps

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Chime Savings
Finder Rating: 4.6 / 5: ★★★★★
Chime Savings
Grow your savings automatically with recurring transfers, round-ups on debit card purchases and 0.5% APY.
Clarity Money
Finder Rating: 4.7 / 5: ★★★★★
Clarity Money

0.50% on $0+ You'll need to open a High-Yield Marcus Online Savings Account through the Clarity Money app
This Goldman Sachs tracking tool includes a bill-negotiation service to reduce your annual bill and free credit score monitoring.
Finder Rating: 2.7 / 5: ★★★★★
APY not advertised
$1.99 per month
(can be waived)
Use spare change from everyday transactions to make an extra payment toward your debt, every month.
Finder Rating: 3.4 / 5: ★★★★★

0.10% on $0+ When you save for three consecutive months, your account is rewarded with a 0.10% annualized savings bonus.
$5 per month
(can be waived)
Digit analyzes your spending and automatically saves an appropriate amount every day so you don't have to think about it.

Compare up to 4 providers

How do I contact Clarity Money customer service?

Get support for your account by reaching out through:

  • Email.
  • Social media. Send a DM through Facebook, Instagram or Twitter.

Frequently asked questions.

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

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