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Personal Finance · head to head

Mint vs Wealthfront

Mint logo

Mint

Personal Finance

All your money in one app

From
Free
Rated
-
Full reviewWebsite
Wealthfront logo

Wealthfront

Personal Finance

Automated investing for your money

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Mint has a free tier, so it costs nothing to try first.
  • Each has a real cost: Mint service transitioned to Credit Karma platform; standalone Mint features migrated elsewhere; Wealthfront the Automated Investing Account carries a 0.25% annual advisory fee on top of the underlying fund expenses
  • They diverge on capability: Mint covers Expense tracking, Wealthfront covers Automated portfolio management.

Where they differ

Only the attributes on which Mint and Wealthfront actually diverge.

Attributes where Mint and Wealthfront differ
AttributeMintWealthfront
Starting priceFreeOn request
Pricing modelfreetransaction
Free tierYesNo
Founded20062011

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 Mint

  • Expense tracking
  • Budgets
  • Bill tracking
  • Credit score monitoring
  • Financial insights
  • Bank connections
  • Bank-level encryption
  • Verisign secured

Only in Wealthfront

  • Automated portfolio management
  • Tax-loss harvesting
  • Financial planning
  • Index fund investing
  • Bank accounts
  • Investment accounts
  • IOS support

Both cover

  • Web support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Mint

  • Legacy free budget tracking for users with supported bank connectionsnot Wealthfront
  • Users transitioning to Credit Karma for continued money management featuresnot Wealthfront

Wealthfront

  • Automated index fund investing with periodic rebalancingnot Mint
  • Tax loss harvesting in a taxable brokerage accountnot Mint
  • Buying fractional shares of individual stocks with no commissionnot Mint

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Mint

  • Service transitioned to Credit Karma platform; standalone Mint features migrated elsewhere
  • Bank connections supported for only 17,000 financial institutions; many regional or international banks not supported

Wealthfront

  • The Automated Investing Account carries a 0.25% annual advisory fee on top of the underlying fund expenses
  • Tax-Loss Harvesting and automated rebalancing apply to the Automated Investing Account, not the self-directed Stock Investing Account
  • It is a US brokerage product and is not offered to investors outside the United States

Pricing, plan by plan

Mint

Free

No published plan breakdown. See the Mint review.

Wealthfront

On request
  • BasicFree
    • Automated investing
    • Tax-loss harvesting
    • Rebalancing
  • Premium Plus$50/month
    • All Basic features
    • Financial planning
    • Human advisor access

Which should you pick?

Choose Mint if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, iOS, Android.
  • You also want budgets.
Mint review

Choose Wealthfront if

  • You need automated portfolio management.
  • You work on Web, IOS, Android.
  • You also want tax-loss harvesting.
Wealthfront review

Questions people ask

Is Mint or Wealthfront better?
Neither clearly leads. Mint starts at Free and Wealthfront at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Mint or Wealthfront?
Mint has a free tier; the other does not. Paid plans start at Free for Mint and On request for Wealthfront.
Does Mint or Wealthfront run on more platforms?
Mint runs on Web, iOS, Android. Wealthfront runs on Web, IOS, Android.
Can I use Mint for free?
Yes. Mint has a free tier, so you can try it without paying. Wealthfront starts at On request.
What is Mint best used for?
Mint is most often used for legacy free budget tracking for users with supported bank connections, users transitioning to credit karma for continued money management features. Of those, legacy free budget tracking for users with supported bank connections and users transitioning to credit karma for continued money management features are not what Wealthfront is typically brought in for.
What can Mint do that Wealthfront cannot?
Mint covers Expense tracking, Budgets, Bill tracking, Credit score monitoring. Wealthfront covers Automated portfolio management, Tax-loss harvesting, Financial planning, Index fund investing. Both handle Web support, Android support.
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