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Software · head to head

Wally vs Fidelity

W

Wally

Software

Smart expense tracking for travel and daily life

From
Free
Rated
-
Full review
Fidelity logo

Fidelity

Software

Building a better financial future

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.; Fidelity options trades carry a 0.65 USD per contract fee on top of zero commission
  • They diverge on capability: Wally covers Receipt OCR scanning, Fidelity covers Commission-free trading.

Where they differ

Only the attributes on which Wally and Fidelity actually diverge.

Attributes where Wally and Fidelity differ
AttributeWallyFidelity
Starting priceFreeOn request
Pricing modelfreemiumtransaction
Free tierYesNo
PlatformsIOS, AndroidWeb, IOS, Android
Founded20091946

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 Wally

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

Only in Fidelity

  • Commission-free trading
  • Retirement planning
  • Advisory services
  • Research tools
  • Bank accounts
  • Investment accounts
  • 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 Managementnot Fidelity
  • Expense Trackingnot Fidelity
  • Investment Trackingnot Fidelity

Fidelity

  • Commission free trading of US stocks and ETFsnot Wally
  • Holding IRAs, 401(k) plans and taxable brokerage accountsnot Wally
  • Trading bonds, options and mutual funds from one accountnot Wally

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.

Fidelity

  • Options trades carry a 0.65 USD per contract fee on top of zero commission
  • Non Fidelity mutual funds carry a 49.95 USD transaction fee per purchase
  • Secondary market bonds cost 1.00 USD per bond, while new issues are free
  • A foreign settlement fee of 50 USD applies per trade
  • Margin rates are tiered by debit balance, from 11.825 percent below 25,000 USD down to 7.50 percent at 1 million USD or more, against a base rate of 10.575 percent effective 12 December 2025
  • Margin liquidation by the broker costs 32.95 USD per liquidation

Pricing, plan by plan

Wally

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

Fidelity

On request
  • Brokerage$undefined/month
    • Commission-free trading
    • Research tools
  • Advisory$undefined/month
    • Personal advisor
    • Wealth management

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 Fidelity if

  • You need commission-free trading.
  • You work on Web, IOS, Android.
  • You also want retirement planning.
Fidelity review

Questions people ask

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