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Personal Finance · head to head

Splitwise vs Wallet

Splitwise logo

Splitwise

Personal Finance

Split expenses easily with friends

From
Free
Rated
-
Full reviewWebsite
W

Wallet

Personal Finance

Smart expense tracking and budgeting

From
Free
Rated
-
Full reviewWebsite

The short version

  • They diverge on capability: Splitwise covers Bill splitting, Wallet covers Budget management.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Splitwise and Wallet actually diverge.

Attributes where Splitwise and Wallet differ
AttributeSplitwiseWallet
Founded20112010

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), 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 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.
Splitwise review

Choose Wallet if

  • You need budget management.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want receipt scanning.
Wallet review

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.

Answered from the vendors’ own pages

Splitwise: Is there a free version of Splitwise?

Yes, Splitwise offers a free version available for iPhone, Android, and web with core features including adding groups and friends, splitting expenses, recording debts, equal or unequal splits, offline mode, and cloud sync.

Source
Splitwise: What is Splitwise PRO and how much does it cost?

Splitwise PRO is an upgrade offering receipt scanning, charts and graphs, currency conversion, and additional features. The specific price is not published on the main website; users must visit the subscription page or access the app to view pricing details.

Source
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