Catch a clear view of your habits to cut dead-weight spending.
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.
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 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:
Go to the provider’s site and follow the steps to apply.
From Clarity Money’s website, click Sign Up.
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.
Clarity Money will send you an email to verify your address. In it, click Verify my Email.
Finally, link your bank accounts to your Clarity Money account to sync your finances with the app.
Eligibility
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 best for long-term use, since insight into your spending habits is most effective over time. It’s a third-party account, so unlike Simple or Chime, Clarity Money isn’t actually a bank. And there might still be some key functions you’ll need to perform directly within your bank’s online platform.
Like any app, it’s got some weak links:
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:
1st Pacific Bank
ACE Elite Prepaid Debit Card
Alaska Federal Credit Union
Amegy Bank of Texas
American Airlines AAdvantage Credit Card
American Express Serve (Prepaid Card)
Arrowhead Bank – Internet Banking
Arvest Bank
Aspiration
Bank Mobile
Betterment
Bluebird by American Express
Brazos Valley Schools Credit Union
Brinks Money – Prepaid Mastercard
BECU (Boeing Employees Credit Union)
BMO Harris
Coinbase
Comenity
Consumers Credit Union (IL)
Credit One
Discover
FedLoan Servicing
Fidelity Rewards Visa
First National Bank Midwest
First Tech Federal Credit Union
GM Financial
GoBank
Hawaiian Airlines Credit Card
Huntington
HSBC
Jared Credit Card
Lake Michigan Credit Union
Local Government Federal Credit Union
Macy’s Credit Card
Maroon Financial
MetaBank/Fingerhut Credit
Mountain America Credit Union
NetSpend Prepaid Card
North Carolina State Employees Credit Union (NCSECU)
Orion Federal Credit Union
Patelco Credit Union – Portfolio View
PennyMac Loan Services
Pentagon Federal Credit Union
Pinnacle Financial Partners – Client Point
Prepaid Visa RushCard
Robinhood
SchoolsFirst Federal Credit Union
Security Service Federal Credit Union
Schools First Federal Credit Union
Skylight Visa Prepaid Debit Card
Stash
State Bank (Freeport,IL)
State Employees Credit Union
State Farm Federal Credit Union
Stockpile
Suncoast Credit Union
Synchrony Financial – Amazon.com Store Card, Gap Credit Card, Sam’s Club MasterCard, Banana Republic Credit Card, Old Navy Credit Card, QCard (QVC), Dick’s Sporting Goods Mastercard, BP Credit Card, Men’s Wearhouse Perfect Fit Credit Card, Evine Credit Card.
TD Canada Trust Easy Web
Toyota Financial Services
Transportation Federal Credit Union
Venmo
Von Maur – Charge Card
Wells Fargo
Western Union Net Spend – Prepaid Master Card
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
How do I contact Clarity Money customer service?
Get support for your account by reaching out through:
Email. support@claritymoney.com
Social media. Send a DM through Facebook, Instagram or Twitter.
Frequently asked questions.
No. However, if one person owns the account, they can share login information with the other person and it can be accessed from different mobile devices or computers.
To cancel your account, open the app. Then:
Go to your profile
Click About Me
Choose Delete Account
Deleting the app from your phone won’t actually close your accounts — you must take the steps above to sever the link between Clarity Money and your other accounts.
This is a safety feature put in place by Clarity Money to protect your information. It’s all part of the privacy protections of the app and isn’t something you can turn on or off.
At Finder, we value and respect our editorial independence. We keep our reviews completely factual so you can use them to make better decisions. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews.
Clarity Money is best for savers who want to cut down on spending costs. 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.
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