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Quicken vs Venmo

Quicken logo

Quicken

Software

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite
Venmo logo

Venmo

Software

Money transfer and social payments

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Venmo has a free tier, so it costs nothing to try first.
  • Each has a real cost: Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal; Venmo instant transfer costs 1.75 percent with a minimum fee of 0.25 USD and a maximum of 25 USD, while the free standard transfer takes 1 to 3 business days
  • They diverge on capability: Quicken covers Budget creation, Venmo covers Money transfers.

Where they differ

Only the attributes on which Quicken and Venmo actually diverge.

Attributes where Quicken and Venmo differ
AttributeQuickenVenmo
Starting price$3.99/monthFree
Pricing modelsubscriptionfree
Free tierNoYes
PlatformsWeb, iOS, Android, Windows, macOSWeb, IOS, Android
Founded19832009

Identical on both: user rating (Not yet rated), category (Unknown).

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 Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Investment accounts
  • Credit cards
  • Windows support
  • Mac support

Only in Venmo

  • Money transfers
  • Bill splitting
  • Social feed
  • Transaction history
  • Debit cards
  • Web support
  • Android support

Both cover

  • Bank accounts
  • IOS support

What people use each for

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

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Venmo
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Venmo
  • Users preferring local data storage via Classic desktop editionsnot Venmo

Venmo

  • Splitting bills and reimbursing friends in the United Statesnot Quicken
  • Accepting payments through a Venmo business profilenot Quicken
  • Buying and holding cryptocurrency inside the payments appnot Quicken

Where each one falls short

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

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Venmo

  • Instant transfer costs 1.75 percent with a minimum fee of 0.25 USD and a maximum of 25 USD, while the free standard transfer takes 1 to 3 business days
  • Sending money funded by a credit card carries a 3.00 percent fee
  • Cryptocurrency fees are tiered by trade size, from 2.20 percent on purchases of 1.00 to 74.99 USD down to 1.50 percent above 1,000 USD
  • Business profile payments cost 1.9 percent plus 0.10 USD, and Tap to Pay costs 2.29 percent plus 0.09 USD

Pricing, plan by plan

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Venmo

Free
  • FreeFree
    • P2P transfers
    • Bill splitting
    • Mobile app

Which should you pick?

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Choose Venmo if

  • You need money transfers.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want bill splitting.
Venmo review

Questions people ask

Is Quicken or Venmo better?
Neither clearly leads. Quicken starts at $3.99/month and Venmo at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Quicken or Venmo?
Venmo has a free tier; the other does not. Paid plans start at $3.99/month for Quicken and Free for Venmo.
Does Quicken or Venmo run on more platforms?
Quicken runs on Web, iOS, Android, Windows, macOS. Venmo runs on Web, IOS, Android.
Can I use Venmo for free?
Yes. Venmo has a free tier, so you can try it without paying. Quicken starts at $3.99/month.
What is Quicken best used for?
Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Venmo is typically brought in for.
What can Quicken do that Venmo cannot?
Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Venmo covers Money transfers, Bill splitting, Social feed, Transaction history. Both handle Bank accounts, IOS support.
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