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Personal Finance · head to head

Wally vs E*TRADE

W

Wally

Personal Finance

Smart expense tracking for travel and daily life

From
Free
Rated
-
Full review
E*TRADE logo

E*TRADE

Personal Finance

Express your investing style

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Wally has a free tier, so it costs nothing to try first.
  • Each has a real cost: Wally the Internet Archive's capture of wally.me on 2 January 2019 stated the app is free ('Control your money seamlessly. And, it's free.'), and claimed rankings as the #1 finance app in 22 countries and top 10 in 52 countries at that time.; E*TRADE stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023)
  • They diverge on capability: Wally covers Receipt OCR scanning, E*TRADE covers Advanced trading tools.

Where they differ

Only the attributes on which Wally and E*TRADE actually diverge.

Attributes where Wally and E*TRADE differ
AttributeWallyE*TRADE
Starting priceFreeOn request
Pricing modelfreemiumtransaction
Free tierYesNo
PlatformsIOS, AndroidWeb, IOS, Android
Founded20091956

Identical on both: 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 Wally

  • Receipt OCR scanning
  • Expense tracking
  • Receipt storage
  • Category management
  • Cloud storage

Only in E*TRADE

  • Advanced trading tools
  • Options and futures
  • Research tools
  • Mobile trading
  • Bank accounts
  • Wire transfers
  • Web support

Both cover

  • IOS support
  • Android support

What people use each for

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

Wally

  • Budget Management
  • Expense Tracking
  • Investment Tracking

E*TRADE

  • Budget Management
  • Expense Tracking
  • Investment Tracking

Both are used for budget management, expense tracking, investment tracking, on those jobs the choice comes down to price and fit rather than capability.

Where each one falls short

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

Wally

  • The Internet Archive's capture of wally.me on 2 January 2019 stated the app is free ('Control your money seamlessly. And, it's free.'), and claimed rankings as the #1 finance app in 22 countries and top 10 in 52 countries at that time.

E*TRADE

  • Stock and ETF trades were $0 commission but options carried a $0.65 per-contract fee, broker-assisted trades added a $25 surcharge, and margin interest rates ranged from 12.70% to 13.20% depending on balance tier (Internet Archive capture, 3 January 2023)

Pricing, plan by plan

Wally

Free
  • FreeFree
    • Receipt scanning
    • Expense tracking
    • Basic reports
  • Premium$9.99/month
    • Advanced analytics
    • Unlimited storage
    • Cloud sync

E*TRADE

On request
  • Stock & ETF TradingFree
    • Commission-free trades
    • Real-time quotes
  • Advanced Trading$undefined/month
    • All Stock & ETF features
    • Options, futures
    • Advanced tools

Which should you pick?

Choose Wally if

  • You need receipt ocr scanning.
  • You want to start without paying.
  • You work on IOS, Android.
  • You also want expense tracking.
Wally review

Choose E*TRADE if

  • You need advanced trading tools.
  • You work on Web, IOS, Android.
  • You also want options and futures.
E*TRADE review

Questions people ask

Is Wally or E*TRADE better?
Neither clearly leads. Wally starts at Free and E*TRADE at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wally or E*TRADE?
Wally has a free tier; the other does not. Paid plans start at Free for Wally and On request for E*TRADE.
Does Wally or E*TRADE run on more platforms?
Wally runs on IOS, Android. E*TRADE runs on Web, IOS, Android.
Can I use Wally for free?
Yes. Wally has a free tier, so you can try it without paying. E*TRADE starts at On request.
What is Wally best used for?
Wally is most often used for budget management, expense tracking, investment tracking.
What can Wally do that E*TRADE cannot?
Wally covers Receipt OCR scanning, Expense tracking, Receipt storage, Category management. E*TRADE covers Advanced trading tools, Options and futures, Research tools, Mobile trading. Both handle IOS support, Android support.
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