Are you ready for an Albert App Review to determine if they’re the banking app for you?
Going through bank statements and all your paperwork may make you feel like you’re swimming in a sea of numbers, but there has to be a better way.
Use a money management tool to help you keep afloat and get your finances, and we’ll tell you now you should consider- Albert.
Let’s discuss the Albert banking app and why it may be an excellent choice for managing your finances.
Albert App Review: Bottom Line
A financial assistant who lets me pay what I think is reasonable can help me with budgeting and investing? Count me in!
So naturally, I wanted to tell you what I had learned.
The Albert banking app is entirely different from any bank account you’ve ever used before. It is a mobile application that allows you to manage your money anywhere.
It’s easy to use and gives you complete control over your money. You can quickly transfer funds, pay bills, view transactions, and more with just a few taps on your phone!
Albert offers budgeting, goal setting, account aggregation, and spending analysis features. Overall, Albert is an excellent app for those looking for help with their financial life!
Albert offers a Core plan and Genius plans. so let’s talk about what you’ll get at each level:
The Core version is a free subscription and offers checking with no overdraft fees, an Albert Debit card, automatic savings, and budgeting features.
Albert’s budgeting feature allows you to create custom budgets based on your income, expenses, and savings goals. You can also connect your bank account to the app to track your spending and income.
Albert makes it easy to find the best deals on your monthly bills. It automatically scans your statements and will alert you when it finds a bill with an offer lower than what you are already paying.
There are no minimum balance requirements for your account and no fees for using the Albert app- it’s a win-win, so why not give it a try?
Albert’s Genius is a subscription-based online platform that offers its users access to tools and resources to help them on their way to financial freedom.
Albert Genius’ personal finance tools include a budget planner, a debt tracker, investing, and a goal planner.
The Albert Genius platform also includes human financial advisors (aka the Geniuses) that can help you improve your financial situation like credit card debt, student loans, risk tolerance, and debt burden.
You can contact these human financial experts whenever you need them, which is a huge positive of using Albert!
The app offers Albert Genius free for 30 days, and after that, there’s a $8 monthly fee for continued access to Genius’ personal finance tools and resources.
The service can be canceled at any time, and the subscription fee can be paid monthly or yearly. If you pay yearly, you’ll get a thank you bonus deposited to your Albert Savings Account.
Opening An Albert Account
An account on the Albert personal finance app is quick, easy, and secure to open. It only takes about 5 minutes to get started!
You’ll need to download the app to your smartphone through the Apple Store or Google Play Store.
Once you’ve gotten your login created, you’ll answer questions that Albert’s algorithm will use to determine your financial goals and needs. Answering these questions will help create a tailored experience for you as you use the app.
The app algorithm uses your whole financial history to provide a comprehensive view of your financial life. To enable the algorithm to provide an accurate view, you need to provide your main bank account information.
Begin by linking your primary checking account. The main checking account should be where your paychecks and other earnings are deposited and the one you use to pay the majority of your bills.
After you’ve linked your bank account, you may add additional accounts. These accounts can include credit cards (from any credit card issuer), student loans, vehicle loans, investments (e.g., brokerage, retirement, or 529 plans), and more.
There are some requirements to open an Albert account.
- Need to be at least 18 years of age
- Must be a U.S. citizen or permanent resident
- Need to have a Bank account with a U.S. financial institution
- A smartphone
- Email address
Albert Genius is a premium service that not only answers your questions as a financial advisor but also provides you with tools to help you save money and manage your finances.
The cost is “pay what you think is fair,” but the minimum is a $6 monthly fee to as much as you want on the site. You get unlimited access to the team of experts at Albert, as well as extra features like smart savings, investment tracking, and personalized advice.
The app is a great way to keep track of your finances to help you get on your way to financial freedom.
Albert offers digital bank accounts with bank-level security under the name Albert Cash. One feature is setting up direct deposit to your Albert Cash account.
You can also send and deposit checks using the Albert financial app. Plus, there are no monthly fees or minimum balance requirements.
The Albert Cash account is FDIC insured up to $250,000, so your money is safe. You also get a free debit card that you can use to make purchases anywhere Visa is accepted.
They offer a World Debit Mastercard that has access to over 55,000 ATMs worldwide, making it an ideal choice for those who travel frequently.
Who doesn’t love cash back on everyday purchases?
With the Albert World Debit Mastercard, you may earn cashback when you make purchases with your Albert Cash debit card at restaurants, delivery services, grocery stores, and other businesses.
Deposits & Withdrawals
Albert Cash customers have access to both direct deposit and checking accounts. The benefits of using the Albert Cash system include faster paychecks and the ability to take out cash at any time.
If you’re looking for a way to get your paycheck a few days early, or if you need easy access to cash, then Albert Cash is the perfect solution. You can receive your paycheck up to 2 days early with Albert Cash.
The time it takes to withdraw your money might vary based on the amount you have in your account. You’ll need to wait for pending transactions to finish before withdrawing your funds, which may take some time.
Transactions in progress can result in a lower available balance than the total balance because of the delays that come with them. It generally takes 2-3 business days (Mon–Fri, excluding federal holidays) for you to complete the transaction after you submit it.
You’ll be shocked at how much money you can save over a few months with Albert Savings!
The automatic savings feature rounds up your purchases to the nearest dollar and saves the difference. For example, if you purchase a specialty coffee for $5.75, the app will save 25 cents.
Opening a savings account is a great way to save money, but sometimes it’s hard to remember to put money into it. That’s where Albert Smart Savings comes in – Albert helps you save automatically in your rainy day fund.
They look at your income and expenses and see what extra money you can save. After that, they transfer money into your Albert savings account – sometimes as little as a few dollars at a time.
Albert Savings also pays an annual bonus of up to 0.25%. The annual bonus starts out at 0.10% on your savings but can be increased to up to 0.25% by enabling Genius.
Budgeting and saving can be tricky, especially if you’re unsure where to start. That’s where Albert comes in.
It is similar to other personal finance apps and uses algorithms to set your budget and help come up with a financial plan for you, so you don’t have to worry about it.
The app also has many other money management features, like tracking your spending and investing options.
It is an excellent option if you’re looking for an easy way to get started on budgeting and saving.
Instant Cash Advances
Albert Instant is a cash advance service that can help you get money when you need it. It’s like a payday loan, but in this case, your paycheck acts as collateral.
You can get approved for up to $250 and receive the money in an instant cash advance within a few minutes or get your money within just a few days. All you need is a valid Albert account. And there isn’t a credit check involved, so your credit score won’t be affected.
No worries about being late or late fees on the cash advance. Albert will automatically deduct the cash advance payment from your payroll deposit on your next pay date.
Albert Genius is a micro-investing account that offers a variety of investment options and financial advice through Albert Investments LLC.
Albert Investments LLC is also an SEC Registered Investment Advisor, meaning your money is always in good hands.
You can use Albert to invest in stocks, ETFs, mutual funds, bonds, and more. There are no opening or trading fees, and you can begin investing with as little as $1.
Albert will help you build an investment portfolio by suggesting what types of investments may be best for you with the help of Portfolio by Genius, the Albert team of registered advisers, which ensures that you have access to the best investment advice and support possible.
Getting started investing with Albert Genius is simple. You just need to have a valid Social Security number and be a legal resident of one of the 50 states or Puerto Rico. Once you’re registered, you can start investing in minutes.
When it comes to insurance planning, Albert is a great resource. If you’re looking for a hassle-free way to get insured, then definitely check out Albert.
Albert insurance Services LLC provides insurance policies and you can sign up directly in the app.
Albert offers a variety of insurance policies, including term life insurance, car insurance, and home and renters insurance. You can also connect with a provider through the app to get discounts and ensure you’re not overpaying.
Determining when and how much life insurance to purchase is essential for financial planning. It helps your family after you’re gone. Connect with term life policies right in the app through Ladder.
Use the app to find the right car insurance at the right price for you. The app connects you to car insurance by finding you the best discounts to ensure you are not overpaying.
Home insurance is important, and the app makes it easy to get started. Protect your home and belongings using the app’s proper homeowner’s insurance planner.
When it comes to life, car, and home insurance planning, Albert can help you find the right policy. Not only does it make it easy for you to find the right insurance policy and provider, but it also helps you find discounts and makes sure you’re not overpaying.
Pros & Cons Of Albert
There are a lot of benefits to the service, but there are also some drawbacks that you should know about before diving in feet first with it.
- No fee for the Core plan, and low monthly fees for the Genius plan
- Can link to all your financial accounts in one place
- Albert pays annual cash bonuses to basic accounts for users that enable Genius
- Start investing with only $1
- Instant cash advances are available
- No opening or trading fees on investments
- Budgeting tools are included
- The Albert referral program pays you for friends who sign up as Albert Genius subscribers
- Smart savings is available
- Support is only available through email and the Help page
- Does not offer IRAs
- Only available by app
- Savings accounts yield is low
- Albert Corporation is not a member of the Better Business Bureau but does have a BBB rating of “B” at the time of this writing.
Other Savings Accounts & Management Apps
When it comes to saving money and managing your finances, there are a lot of other money management apps and programs to choose from besides Albert.
When choosing a money management program, try to find one that fits your needs and your own circumstances.
They all have different features and some are free, so it doesn’t hurt to give them a try to see how well they help you manage your funds.
Let’s compare Albert with four popular options to help you decide which is the best fit for your needs.
CIT Bank Savings Builder Account
CIT Bank Savings Builder Account is an excellent option for people who want to save and quickly grow their savings.
The CIT Bank Savings Builder Account is one of the best accounts available because it offers you the opportunity to get a higher interest rate than with many other bank products.
The account has no minimum balance requirement and no monthly fees, so it is a great option whether you are just starting to save or if you have been saving for a while.
To open an account, you only need to deposit $100, and you will start earning interest on that amount immediately. You can also add funds to your account at any time.
Chime is a mobile banking app that offers a free account with many great features for people who want to manage their money quickly.
One of the best things about Chime is that it offers a no-fee checking account. No-fee checking means that you don’t have to worry about paying any fees to use the app or access your money.
Chime provides you with access to several different financial tools that can help you track your spending and savings.
Chime also offers a high yield savings account that pays a high-interest rate. A high-interest rate is an excellent option for people who want to save and earn great APR, and the app makes it easy to track your progress.
Personal Capital is a financial management program that helps track your budget. The program is easy to use, and it provides you with a lot of great information about your finances.
One of the best things about Personal Capital is that it offers a free financial analysis. With a free financial analysis, you can get an idea of where you are spending your money and where you can save.
Personal Capital also offers a retirement planner that can help you plan for your future. Retirement planners are an excellent tool for people who want to make sure they have enough money saved for retirement.
Mint is a popular money management app that helps track your spending and save money. The app is easy to use, and it provides you with a lot of great information about your finances.
One of the best things about Mint is that it offers a free financial analysis. Like with Personal Capital, the free financial analysis can give you an idea of where you are spending your money and where you can save.
Mint also offers a budget planner that can help you create a budget and stick to it.
Frequently Asked Questions
How can I contact Albert for customer support?
No telephone number is listed on the Albert website, so email and the Help page is the only way to contact customer support.
Is Albert App available on desktop?
Albert App is not available on desktop but is available on the Apple Store and Google Play Store.
What is the subscription cost for Albert App?
For the most part, the cost is “pay what you think is reasonable,” but the minimum pay for the Genius subscription is $6 per month.
The Core plan is free, which is a great place to start!
When it comes to managing your finances, no doubt using an app can help make things a lot easier. If you’re looking for a banking app that can do it all, then look no further than Albert.
With its easy-to-use interface, helpful features, annual bonus on savings, and investment accounts option, Albert is perfect for anyone who wants to manage their finances.
You can have all of your bank account information in one place and access it from anywhere using Albert.
You can also use the app to set up alerts for when your balance gets too low or when a bill is due. This way, you never have to worry about forgetting to pay a bill again!
But that’s not all Albert can do – it can also help you budget your money. The app has a built-in feature so you never have to worry about overspending again!
Finally, Albert can help you invest money for the future. You can invest with the app and use Albert to track your investments and see how your passive income is earning.
So why not give it a try? You may be surprised at how helpful it can be!