Wallet by BudgetBakers review

Finance app Wallet offers a wide range of budgeting features, with a free and a premium version. Here's what you need to know before using it to organise your money.

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Rachel Wait

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BudgetBakers was founded in 2010 by Czech developer Jan Muller. Initially starting as an Android only company, it has since expanded into iOS territory. BudgetBakers’ main product, Wallet, stands above some of its rivals due to its clean app and options that you can personalise.

Our review covers Wallet’s features and pricing, and its pros and cons to help you decide if you really need this finance app to occupy some of your smartphone’s memory.

What is Wallet?

Wallet is a budgeting app that can be downloaded on Android or iOS, or you can use the desktop version if you’d prefer to tackle your finances on a laptop or desktop computer. Some of the features differ between the platforms.

Wallet comes with clean graphics and straightforward menus and options. After you download the app, you can sign up through your email, or using either Facebook or Google. You’ll then be asked to select your default currency. At this point, you can pick and choose the charts and graphs you’d like displayed on your dashboard and you can then start using the app.

The basic features are free of charge. You can manually add transactions and accounts, while features such as bank synchronisation are available with Wallet Premium.

How does Wallet work?

Wallet’s free features on Android include:

  • Multiple accounts in one place. You can add different types of accounts, including current accounts, savings accounts, credit cards and loans. You can add the data manually or, if up until now you’ve been using a spreadsheet to do your budgeting, upload a XLS/CSV/OFX file with your previous transactions.
  • Categorise your spending. Every time you spend money, you can add a transaction into the app and categorise it accordingly. Categories include, among others, food and drink, shopping, entertainment, transport, housing and communication. Each category has a list of subcategories and can be personalised.
  • Saving goals and budgeting. You can set a budget for a specific account or category and Wallet will notify you when you go beyond it. You can also set how much you’re planning on saving this month; Wallet will tell you how close you are and predict if you’ll hit the target basing on your spending habits.
  • Planned payments. You can plan regular payments, which means that if you have regular expenses such as rent, you won’t need to add it to the app every month – Wallet will do it for you. However, don’t forget that Wallet is a budgeting app, so you cannot use it to actually spend money and send out payments. You’ll still need your bank app for that.
  • Financial reports. Wallet will analyse your financial data and tell you where you’re spending most money. Reports are organised by account and shown in a clear pie chart.

What is Wallet Premium?

Here’s what Wallet’s Premium option adds to its basic deal:

  • Bank synchronisation. This feature is the real game-changer. Your transactions will automatically be added to Wallet and categorised, saving you a huge amount of time that would otherwise be spent feeding the app with your financial data. More than 15,000 banks and cards worldwide can be managed through Wallet.
  • Unlimited accounts. You can have as many accounts as you wish, both manual and synced.
  • Multi-user sharing. You can create a financial sharing group with your partner, friends and family in order to sort out your finances collaboratively.

Wallet Premium is an in-app feature, which means that you need to sign up to the basic version of the app first and then upgrade if you want to. Premium is available on monthly, yearly and lifetime plans, with current prices shown in the app.

Is Wallet safe?

As Wallet does not allow you to actually spend your money at any point, even if you buy the Premium option and sync the app with your bank account, data is accessed in read-only mode, so your money is still as safe as your bank keeps it.

Wallet does not sell or share data with third parties, unless it is necessary to provide its services. In plain English, this means that BudgetBakers may, for example, give your data to the company that provides the servers that make the app work, but will not sell your details to an advertiser.

You can protect the app with a PIN or with your fingerprint, so that if your smartphone gets lost or stolen, your financial data is shielded by an extra security layer.

Wallet app customer reviews

On the App Store, the Wallet app scores 4.6 stars out of 5 from almost 6,000 reviews, while on Google Play it scores 4.6 stars out of 5 from almost 387,000 reviews. (Updated October 2026.)

Reviewers praise the app for being “user-friendly” and highlight its budgeting features and ability to handle multiple currencies as big plus points.

On the flipside, the vast majority of negative reviews point to issues with syncing bank accounts and credit cards, with some users also reporting a lack of customer support.

Pros and cons of Wallet

Pros

  • Clear and good-looking app
  • Organises your finances through personalised budgets, goals and categories
  • Has a web interface (some of its competitors are only available on smartphones)
  • Useful spending reports, including super-handy charts

Cons

  • Some features differ between the Android, iOS and web versions
  • Some automation features, including bank synchronisation, require Premium
  • You cannot make any payment, so you’ll still need to access your banking apps often
  • Wallet Premium is quite expensive for a budgeting app

Customer service information for Wallet

Email support
Telephone support
In-app or live chat
Contact form
Branch support

The verdict: Is this budgeting app worth it?

If you’re a tech-savvy person who’s simply looking for a budgeting app that helps you save time, it’s difficult to see why you should choose Wallet. Some of the competitors, such as Emma, allow you to synchronise your cards and accounts with the app for free, instead of paying a monthly fee.

However, some people are not big on automation, especially when it comes to financial data and banking. If you’d rather do your budgeting manually, and are looking to upgrade from your endless Excel spreadsheet to something a little slicker, Wallet by BudgetBakers is worth a try.

Get started by visiting Wallet’s website and download the app. If you have read this review and the app is not for you, you can also discover more budgeting apps.

Frequently asked questions

Our “Best for” picks highlight top options in specific categories based on our independent evaluation (see our full methodology), while “Promoted” tags indicate sponsored placements. Selected products may not suit everyone. We track selected market offers, which may not cover every product. Products are listed in no particular order unless specified, and inclusion or ordering may be influenced by popularity or commercial agreements. Most comparison table data is provided by Defaqto or sourced directly from providers. Always evaluate your own circumstances and consider independent advice before making major financial decisions.
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Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full bio

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