Personal Finance · head to head
Fidelity vs Splitwise
The short version
- Only Splitwise has a free tier, so it costs nothing to try first.
- Each has a real cost: Fidelity options trades carry a 0.65 USD per contract fee on top of zero commission; Splitwise the free tier limits how many expenses can be added in a day and shows adverts
- They diverge on capability: Fidelity covers Commission-free trading, Splitwise covers Bill splitting.
Where they differ
Only the attributes on which Fidelity and Splitwise actually diverge.
Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Personal Finance).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Fidelity
- Commission-free trading
- Retirement planning
- Advisory services
- Research tools
- Bank accounts
- Investment accounts
Only in Splitwise
- Bill splitting
- Expense tracking
- Group management
- Settlement tracking
- Venmo
- PayPal
Both cover
- Web support
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Fidelity
- Commission free trading of US stocks and ETFsnot Splitwise
- Holding IRAs, 401(k) plans and taxable brokerage accountsnot Splitwise
- Trading bonds, options and mutual funds from one accountnot Splitwise
Splitwise
- Splitting shared household bills between flatmatesnot Fidelity
- Tracking who owes what on a group tripnot Fidelity
- Settling up across currencies on the Pro plannot Fidelity
- Recording IOUs between friends over timenot Fidelity
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Fidelity
- Options trades carry a 0.65 USD per contract fee on top of zero commission
- Non Fidelity mutual funds carry a 49.95 USD transaction fee per purchase
- Secondary market bonds cost 1.00 USD per bond, while new issues are free
- A foreign settlement fee of 50 USD applies per trade
- Margin rates are tiered by debit balance, from 11.825 percent below 25,000 USD down to 7.50 percent at 1 million USD or more, against a base rate of 10.575 percent effective 12 December 2025
- Margin liquidation by the broker costs 32.95 USD per liquidation
Splitwise
- The free tier limits how many expenses can be added in a day and shows adverts
- Transaction import works in the United States only
- Currency conversion, receipt scanning, charts and expense search are all Pro features
- The Pro price is not shown on the product page
Pricing, plan by plan
Fidelity
On request- Brokerage$undefined/month
- Commission-free trading
- Research tools
- Advisory$undefined/month
- Personal advisor
- Wealth management
Splitwise
Free- FreeFree
- Bill splitting
- Group tracking
- Mobile app
- Splitwise Pro$4.99/month
- Receipt scanning
- Advanced analytics
- No ads
Which should you pick?
Choose Fidelity if
- You need commission-free trading.
- You work on Web, IOS, Android.
- You also want retirement planning.
Choose Splitwise if
- You need bill splitting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want expense tracking.
Questions people ask
- Is Fidelity or Splitwise better?
- Neither clearly leads. Fidelity starts at On request and Splitwise at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Fidelity or Splitwise?
- Splitwise has a free tier; the other does not. Paid plans start at On request for Fidelity and Free for Splitwise.
- Does Fidelity or Splitwise run on more platforms?
- Both run on Web, IOS, Android, so platform support will not decide this one for you.
- Can I use Splitwise for free?
- Yes. Splitwise has a free tier, so you can try it without paying. Fidelity starts at On request.
- What is Fidelity best used for?
- Fidelity is most often used for commission free trading of us stocks and etfs, holding iras, 401(k) plans and taxable brokerage accounts, trading bonds, options and mutual funds from one account. Of those, commission free trading of us stocks and etfs and holding iras, 401(k) plans and taxable brokerage accounts are not what Splitwise is typically brought in for.
- What can Fidelity do that Splitwise cannot?
- Fidelity covers Commission-free trading, Retirement planning, Advisory services, Research tools. Splitwise covers Bill splitting, Expense tracking, Group management, Settlement tracking. Both handle Web support, IOS support, Android support.