Software · head to head
Splitwise vs Wallet
The short version
- They diverge on capability: Splitwise covers Bill splitting, Wallet covers Budget management.
Where they differ
Only the attributes on which Splitwise and Wallet actually diverge.
Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, IOS, Android), 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 Splitwise
- Bill splitting
- Group management
- Settlement tracking
- Venmo
- PayPal
Only in Wallet
- Budget management
- Receipt scanning
- Financial analytics
- Bank accounts
Both cover
- Expense tracking
- Web support
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Splitwise
- Splitting shared household bills between flatmatesnot Wallet
- Tracking who owes what on a group tripnot Wallet
- Settling up across currencies on the Pro plannot Wallet
- Recording IOUs between friends over timenot Wallet
Wallet
- Budget Managementnot Splitwise
- Expense Trackingnot Splitwise
- Investment Trackingnot Splitwise
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
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
Wallet
Nothing recorded yet. See the Wallet review.
Pricing, plan by plan
Splitwise
Free- FreeFree
- Bill splitting
- Group tracking
- Mobile app
- Splitwise Pro$4.99/month
- Receipt scanning
- Advanced analytics
- No ads
Wallet
Free- FreeFree
- Expense tracking
- Basic budgets
- Premium$4.99/month
- Advanced analytics
- Custom categories
- Receipt scanning
Which should you pick?
Choose Splitwise if
- You need bill splitting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want group management.
Choose Wallet if
- You need budget management.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want receipt scanning.
Questions people ask
- Is Splitwise or Wallet better?
- Neither clearly leads. Splitwise starts at Free and Wallet at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Splitwise or Wallet?
- Splitwise starts at Free and Wallet at Free.
- Does Splitwise or Wallet 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?
- Both have a free tier, so you can try either at no cost before committing.
- What is Splitwise best used for?
- Splitwise is most often used for splitting shared household bills between flatmates, tracking who owes what on a group trip, settling up across currencies on the pro plan, recording ious between friends over time. Of those, splitting shared household bills between flatmates and tracking who owes what on a group trip are not what Wallet is typically brought in for.
- What can Splitwise do that Wallet cannot?
- Splitwise covers Bill splitting, Group management, Settlement tracking, Venmo. Wallet covers Budget management, Receipt scanning, Financial analytics, Bank accounts. Both handle Expense tracking, Web support, IOS support, Android support.