Wally App Review – Can It Help You Track Your Spending?

Are you having trouble getting a grip on your spending? Do you find yourself fighting about whether you should make a purchase or forfeit your wants? Are you having trouble making the most of your income? Is your savings in shambles? Wally may be just what you need.

Like many budgeting apps, Wally was built to change the game in its users’ finances. It is a free app that helps you keep track of your spending, money inflow, and outflow, manage your savings and meet your financial goals.

With accurate insight into your financial data and closely monitoring your day-to-day spending, you can easily identify money leaks and plug them in quickly. So, is this the right budgeting app for your financial needs? Let’s find out in this in-depth Wally App review.

Wally App Dashboard

About Wally App

Wally is a user-friendly budgeting app that is concerned about helping users take control of their cash flow patterns seamlessly. Wall brings you insight into your spending, set goals, and helps you increase your saving quickly.

The features that Wally packs help you create budgets that will suit your budgeting needs, sync all your savings so that you can monitor everything from one single app, and stay organized. Wally also provides features that enable you to save your important financial documents to the app. You can upload bills, write notes, creating shopping lists, save receipts, and lots more on the app. 

With all the benefits Wally brings to the finances of partners, students, organizations, flatmates, no wonder it has been recommended over 150 times by top companies including Wall Street Journal, Economic Times, Business Insider, and many others.

How to Use the Wally App

To use the app, you must first set up an account on Wally. This is a pretty straightforward process that involves a few steps.

Begin by downloading Wally from your app store, which for iOS devices would be the App Store, and for Android will be Google Play Store.

How to use Wally

Next, you need to set up an account. Create an account using a valid email address and password.  Click on the icon tagged “Create an Account” and then fill in your details into the form provided then confirm your data.

To begin using the app for scheduled expenses and savings goals, you need to include your bank account details. This helps Wally have access to your financial data, to know how much you have saved in your bank accounts, savings accounts, investment accounts, and anywhere you have financial information.

How do I Input my Expenses into Wally?

Inputting your transactional data into Wally is pretty easy. While some budgeting apps may organize your expenses by merchant (PocketGuard) and others might have you use envelopes (Mvelopes), the Wally App allows automatic categorizing of transactions as well as a hashtag feature for inputting your data manually. All you need to do is tap on the + symbol in the app for ingoing or outgoing funds.

If you made a purchase, you can enter it into the ‘Expense’ category to input relevant transactions. Furthermore, with the hashtag feature, you can categorize future transactions as well as any other recent spending you may have done.

The hashtag helps to pile up the same type of expenses under one single category.

Wally App Features

Below are a few notes on key features many Wally users find useful such as bank syncing, currency converting, and customization tools.

Wally features

Bank Syncing

Wally allows you to sync your bank details to the app, including savings accounts, liability accounts, and more so you can view your bank statement directly from the app.

Currency Converter

Do you use more than one bank in different countries? With this feature, you can convert your money into many other currencies, especially if you own a foreign account.

Custom Budgets and Categories

You can set flexible budgets for different categories on Wally to monitor your everyday spending. By checking transactions appearing in your accounts, you can tell if you’re exceeding your budget limits and cut back.

Wally App Pricing

Wally is one of the few personal finance apps that goes for free, even with the extensive range of features it packs.

As a new user of the app, you do not have to pay any money to start to use the app. The free version covers the basic necessities you need to stay on top of your spending progress on the go. It keeps abreast of your finances and updates account balances so that you know how and when your money zooms in and out of your bank accounts.

Wally Pricing

Wally Gold

As with many free apps, there’s a premium counterpart for those who would like to take their personal finance to a whole new level with higher-end features. This is what the premium version of Wally provides.

Wally Gold tracks your day-to-day spending like a pro with extra features like keeping track of any bank account with money in foreign currency, offering you more specific categories, the ability to link joint accounts, and more.

The annual charge for Wally Gold costs $35.99, per month, you pay a premium of $4.49.

Wally Gold Lifetime

If you’re so pleased with Wally that you decide lifetime paid subscriptions to the app is what is best for you, then you can easily go for the Wally Gold Lifetime version. This costs $47.99 per year and allows you to have other exciting add-on in-app purchases to help make your personal finance better.

These add-on purchases could be linking your joint accounts for $13.49 per year or a currency converter for foreign currency accounts at $7.99 per year.

Wally App Uses

1. Savings building

Wally allows you to improve your savings by setting goal-specific target dates that help you stay on track. If you’re looking to buy a new car, pay for college, or just save for the rainy day, this app is ideal for you.

2. Better financial accountability

Wally brings you clarity on your finances and how you are spending resources in your set budgets. You are able to automatically track money-draining expenditures like a forgotten subscription fee, a duplicate transaction, or fees that automatically renew. You also get a financial calendar that provides clarity on your past and upcoming transactions to plan for monetary surprises.

Wally App Alternatives

There are tons of alternative budgeting apps out there, from Personal Capital to Every Dollar. But, if you’re looking for a good budgeting app like Wally, then you can check out another leader in the game, Mint. This app provides quality budgeting features free of charge with no premium or paid version.

Mint has excellent budgeting tracking features as well as a free credit score feature that helps you build your score and avoid debt. Mint also has an investment monitor feature that helps you keep tabs on your investments right from the app. Check out our complete Mint review to learn more.

Is the Wally App Worth the Money?

For the paid version of the app, Wally provides exceptional budgeting features that are worth your money. We recommend going for the premium version if you need an app that takes budgeting to the next level.

If you’re comfortable with logging your transactions manually at every expenditure, then Wally for free is a great choice for you too.


  • Free to use; you can manage your finances without having to pay a dime that may short what’s left of your remaining budget.
  • The app is built with an intuitive interface that makes it a delight to use. It works excellently on iOS and Android devices with a slick interface that makes it smarter than regular apps and easy to use.
  • Works with daily budget trackers to help you monitor your budget on the go.
  • Curates all your financial data and keeps it in one place to help with financial clarity. With the aid of graphs and charts, Wally simplifies complex financial information for the everyday man.
  • Allows the addition of multiple currencies for those with foreign accounts.


  • Users have complained that the app has “just too many bugs.”
  • Complaints that the app crashes are quite frequent.
  • You need to pay to use some features which could get pricey.
  • Using Wally for free means you can only input transactions manually in payment categories.
  • Poor customer service. Users who contact Wally have complained that the representatives do not confirm receipt of inquiries.

Wally App FAQs

Wally is not a newbie to the personal finance app industry, however, many interested individuals have a lot of questions about the budgeting app. If you’re wondering about the safety or usefulness of Wally to you, have a look at our answers to these FAQs.

1. Is Wally safe?

Wally is as safe as it can get for an online-based app. Budgeting apps in general require users to input their financial data into the system, so they can track transactions automatically categorized and provide you with key insights into your spending habits from your bank account. It is also interested in your remaining budget so that you can get payment reminders and never get caught unawares with low funds.

If you’re wondering, “with all these information and access to my personal data, can Wally be trusted?” Yes.  You may trust the app to keep your information safe as your data is encrypted end-to-end to bar unauthorized personnel from having access to it.

Furthermore, the app allows you to set a password to prevent snoops from accessing it.

2. How many bank accounts can I link to my Wally App?

Wally does not require that you input your bank account details in the free version of the app. This means that every expense or transaction you perform would have to be inputted into the app manually. However, if you find this process time-consuming and clumsy, you can pay for Wally Gold, the premium that allows you to connect as many bank accounts as you need to keep an eye on frequently missing transactions and meet your savings target.

You can link your current accounts, savings accounts, credit cards, loans, foreign accounts, and more.

3. Can joint accounts connect to Wally App?

Wally allows users to connect a joint account to the service. You create a private group to manage the joint account and if both of you have Wally, you can see the daily budget tracker and control the funds within together.

This is especially useful for partners who are looking to keep a better eye on their cash flow patterns, shared spending, set budgets, and stick to their savings target.

4. Is bank account syncing on Wally safe?

Connecting your bank accounts to Wally to monitor all transactions you carry out, is quite safe. Wally honors and protects your privacy because it is important to them. Your details are encrypted through industry-standard encryption protocols which ensure you’re not compromised.

However, if you are not comfortable with syncing your bank details to the app, you can remain on the standard version and enter all your transactions manually. It’s free forever, so you have nothing to worry about.

5. Does Wally show updated account balances?

Yes, Wally helps you stay accountable with real-time bank account updates. You no longer have to stay guessing about your account details, because you can see updated account balances and auto-categorized transaction updates directly on the app.

However, this feature is only available for those on the premium version who have synced their bank details with the app.

6. Is the Wally App free?

Like many other apps, the Wally budgeting app has a free version and a premium version. Wally for free has limited features than the premium version, so you may need an upgrade to enjoy a better experience with managing your day-to-day finances and upcoming payments.

Overall Rating: 4 out of 5

Kevin Martin

Kevin is an ambitious entrepreneur that is obsessed with all things related to finance. From a young age, Kevin has always been involved with side hustles ranging from online selling to freelance work. Over the years, Kevin graduated from side hustles and started launching multiple online and offline businesses. Kevin is a serial entrepreneur who loves starting new businesses and exploring all things related to business and finance. He is constantly looking for new ways to save money, invest money, and create income streams.