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Qapital app review

A round-up app that pushes you to reach customized savings goals, but only if you pay for the higher tiers.’s rating: 3.6 / 5.0


Round-up apps are on the rise, but many of them simply park your money in savings accounts. Qapital’s approach allows you to create custom rules to reward your savings, like making a deposit whenever you visit the gym. But you won’t get access to all the features unless you pay for the more expensive account options.



$3 per month



Minimum deposit to open


Annual percentage yield (APY)0.10%
Fee$3 per month
Minimum deposit to open$10
Intro or bonus offer30-day free trial
Interest compoundingMonthly
More info

More Info


Review by

Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

Qapital is best for those who struggle to stash away money for savings goals on their own. The app is fully customizable and offers a more effective way to save for short- and long-term goals than similar apps that simply round-up your purchases to the nearest dollar and set aside the difference. Qapital goes the extra mile with rule and goal-based systems tailored to your life.

However, Qapital has unavoidable fees on every plan, and you won’t get access to spending or investing tools unless you upgrade to the more expensive packages. And if you only sign up for a Qapital Save account, you won’t earn any interest.

Many banks let you earn excellent APYs without any monthly fees. So if you’re good at setting aside money for goals on your own, you’ll likely be better off by opening a high-yield savings account.

How much does Qapital cost?

Qapital offers three plans to help you save and unlocks more features as you move up through the tiers:
Basic$3/monthThis option allows you to link an external checking account and gives you access to unlimited savings goals and customizable rules. Plus, it’s FDIC-insured.
Complete$6/monthGet everything in the basic plan, plus a checking account, PayDay Divvy and more spending and budgeting tools. You can also invest spare change in pre-built portfolios.
Master$12/monthThe master plan comes with everything that’s included in Qapital Complete, plus invitations to webinars and in-app challenges.

How do I open a Qapital account?

Qapital is only available on mobile phones, so visit the Apple App or Google Play Store to get started:
  1. Go to the provider’s site and follow the steps to apply.
  2. Download the Qapital mobile app.
  3. Open the app and tap Sign up.
  4. Sign in with Facebook or Google or tap Continue with Email.
  5. Enter your first and last name, email, create a password and tap Create account.
  6. Enter your mobile number, then enter the confirmation code and tap Continue.
  7. Set up a passcode and optional touch ID, then tap Continue.
  8. Select your subscription options, then click Confirm.
  9. Your account is set up. Create goals and link your accounts to start saving.


  • US address
  • Checking account from a US institution
  • US phone number that can receive SMS text
  • State-issued ID

Required information

  • Name, address and date of birth
  • Email address
  • Phone number
  • Bank account information

What are the benefits of the Qapital app?

Qapital‘s round-up service is a bit different than the others. Here’s how it stands out:
  • Rules and goals. Set up one or more savings goals, then create rules that determine when money is transferred into each goal. Rules could include things like visiting the gym and shopping at a grocery store.
  • Tools. Available on the Complete and Master plans, these spending and budgeting tools can help you spend smarter and track where your money is going.
  • Easy to save. Qapital requires a minimum deposit of $10, then allows you to customize your round-up settings or set up recurring transfers to grow your savings faster.
  • Optional accounts. If you opt for the Complete or Master packages, you’ll get an interest-bearing checking account with a Visa debit card, no overdraft fees, no negative balance fees and more. And with the Master plan, you can set up individual investment goals to have any transfer deposited into a diversified ETF portfolio.
  • Referral bonus. Qapital often has referral bonuses that reward you and a friend with cash when they use your referral link to open and fund an account.
  • Failsafe mechanism. Qapital can pause transfers when your checking account balance falls below $100, helping you avoid potential overdraft fees.
  • Joint banking. Qapital Dream Team is a joint-banking experience that launched in beta in January 2021. It’s a money-planning tool designed to help couples share financial goals and transfer funds to one another — without having to share access to their individual accounts.

What should I look out for?

While this app can be a convenient way to start paying down your debt, there are a few things you should watch out for:

  • Monthly service fees. Monthly plans cost between $3 and $12, dipping into your potential savings goals.
  • No branches. Qapital is mobile-only, so you won’t be able to access your accounts at a branch if you need assistance.
  • No earned interest. Your savings accounts don’t earn interest like most others.
  • Limited customer support. There’s no phone support available and you won’t be able to chat with customer service on the weekend.
  • Compatibility issues. Some users have mentioned having issues with the mobile app or making transfers from external checking accounts.

If this app is not right for you, you’ll want to keep looking or compare other savings account options.

Compare Qapital with other savings apps

Here’s a look at how Qapital compares to other popular 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.
Finder Rating: 3.4 / 5: ★★★★★
$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.
Marcus Insights
Finder Rating: 4.7 / 5: ★★★★★
Marcus Insights
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.

Compare up to 4 providers

How can I get in touch with customer service?

If you need help with anything related to Qapital, visit the company website to start a live chat with a representative or send an email. Live chat isn’t available on weekends and the company doesn’t offer phone support.

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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