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Truebill Review

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Updated on November 7, 2022 by
Truebill Review

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Managing your budget and bills sometimes seems like a never-ending job. Even when you do the work, you often find out the hard way that you missed something or did not do it correctly. You probably need an app like Truebill to help you with that.

What is Truebill?

Truebill is a budget management and billing app that was created in 2015. It lets you track all the bills you have and understand how you spend your money so you don't overpay.

Premium users get a number of perks, like having their bills negotiated and being able to cancel unwanted subscriptions. This could save you money on bills you've been paying for a long time or that you don't need.

Truebill claims that it has helped its 3.4 million members to save more than $245 million in the seven years that it has been in business. It also has saved consumers $155 million in canceled monthly subscription fees for more savings.

Pros

  • Simple for you to do and control your finances.
  • Uses a number of different features to help you save money.
  • It will help you budget your money.
  • Your financial information is protected with secure encryption that allows you to securely connect with banks.
  • Using this service, you can get lower rates from your utility providers each month.
  • View and pay all of your billed costs from one easy place.
  • Subscribe for free to Truebill for 7 days to see if it really does work.

Cons

  • You need to purchase Truebill Premium to access more features.
  • You still pay money even though you've paid your Truebill Premium fee each month.
  • It takes several steps to cancel Truebill Premium.
  • Free members can sync their accounts with a third party in real

Truebill Review

How Does Truebill Work?

To use Truebill, you will have to create an account. There is no charge for this and you will be able to manage your bills, get the right price on your bills and track how much money you spend on different services.

Once you have signed up, Truebill will show you all of your bills. These include utility bills, credit cards, loans and other types of payments. It will then show you how much money you spent in each bill category so that you can make sure that it is all within budget.

You can then select the subscriptions that are on hold for more savings or cancel them if they are not important to you. You can also negotiate for lower prices if the subscription is overpriced or has a long term commitment.

Truebill does not allow free trials for subscriptions because it claims that the longer people use their services, the better their prices become because they know more about their spending habits and what they want from their services. The company claims that it saves money by negotiating deals with providers so that subscribers do not end up paying more than they need to or receiving less value than they expected when they signed up.

How Much Does It Cost? 

You can get Truebill for free, which includes all the basic features. You can also upgrade to premium to get additional perks like having your bills negotiated, the ability to cancel unwanted subscriptions, and access to more bill categories.

Truebill Premium customers can select a price range that is anywhere from $3 to $12 per month. However, it is possible to get a $3 or $4 a month option if you pay for it per year.

If you have other household expenses like cable or internet services, you may also be able to save money with Truebill's sister service: BillHQ.

Truebill’s Product

Subscription Management

Truebill tracks all the things that you pay for with your credit card and then stores them so it's easy to see what you paid. You also know when your next payment will be, and that helps you avoid paying late fees and overdrafts. It allows you to quickly and easily delete any subscription that you have purchased, or if it is your business, it will automatically do it for you.

Spending Insights

When you have the Truebill app installed on your phone, it will show you your top spending categories. It will inform you a few days before a charge is due, or if there is a low balance on your account, so that you can prepare yourself for those charges.

Bill Negotiation

Truebill scans all your electric bills in order to help you save money. It can help you bargain with your electricity company to get a better rate. They can also assist you in claiming back your money if you have paid a fee for your services.

Budgeting

Truebill analyzes your financial transactions and shows you what you spend in what categories each month. You should keep track of spending and save alerts for when you spend more than you should.

Autopilot Savings

Truebill allows you to automate your savings and analyzes all the money that you have on your accounts to find the best time for you to save. You can set a savings goal for yourself and change the amount you want to save. You can also transfer money to your savings account at any time. FDIC insures bank accounts that are held on True Bills.

Credit Scores

Truebill's credit report app lets you see what affects your credit score and how. It will alert you immediately when your credit rating is about to change and will protect you from identity theft costs up to $1 million.

Pay Advance

Truebill's new credit card, the Truecard, is described as having a number of exciting features. SmartPay helps you keep monthly credit card payments low, which can help you improve your score and save you money. Cash-back controls and restrictions at the store level are also available.

Is Truebill Safe To Use?

Truebilly is completely secure and safe to use. It secures customer data with bank-level 256-bit encryption, and its website is protected with a valid SSL certificate.

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