Tool Information
SplitMyExpenses is a free tool designed to streamline the process of sharing expenses among friends, roommates, and couples. Users can create a group, add friends and bills, and track who owes whom. The tool allows users to itemize receipts from images and link credit cards for daily automatic expense imports. Within the platform, debts can be settled using integrated payment apps. SplitMyExpenses supports over 150 currencies and allows secure, fast, and private transactions without selling user data. It features a modern design that gives control and clarity when adding shared expenses with expansive split types, custom paid amount, AI-powered features, and customization. The AI-powered tool also automatically itemizes receipts, enabling users to split per item. Users can view spending charts, integrate with payment apps, and link credit cards for daily expense tracking. Debts are automatically and intelligently shuffled to minimize the number of payments needed for settling up in groups. For additional features, the tool offers premium plans.
F.A.Q (20)
SplitMyExpenses simplifies the process of splitting bills with friends. Users can input their expenses, which are then equally divided among them. This tool includes additional features to streamline the process, such as automatic scanning and itemization of receipts and the option to charge directly through platforms like Venmo and CashApp.
SplitMyExpenses uses AI to automate several tasks, making the bill and expense splitting process more efficient. One of the key features is the automatic scanning and itemization of receipts. Users only need to upload a photo of their receipt and the AI is capable of categorizing the items, calculating the tax, and accounting for tips.
SplitMyExpenses allows users to charge directly through recognized platforms including Venmo, CashApp, PayPal, and Zelle.
SplitMyExpenses offers a feature where users can upload a photo of their receipt, and the AI will then automatically itemize the receipt items and calculate the tax and tip, saving users time and effort.
Yes, users can link their credit cards and bank accounts to SplitMyExpenses to allow for the automatic import of expenses on a daily basis.
Yes, it is safe to input your financial information on SplitMyExpenses. The integration of financial accounts is securely handled by Stripe, ensuring the privacy and security of users' financial information.
Expenses can be imported to SplitMyExpenses in several ways. Users can link their credit cards and bank accounts for automatic daily import of expenses. Alternatively, users can also bulk import their expenses from a file that can be generated from financial institutions, personal finance tools, or any other platforms where they manage their finances.
The charge history feature in SplitMyExpenses provides a record of who was charged, when it happened, how much was charged and the date range of the expense. This information allows users to remember and track past charges for transparency and accountability.
The charge review feature in SplitMyExpenses allows users to generate a link that they can share with friends. This enables friends to review the expense splits and provide feedback or adjustments. This feature increases transparency and can help facilitate faster payments.
SplitMyExpenses offers elegant charts to help users effectively track spending over time. These charts show a comparative analysis of what a user has paid in relation to their friends.
The free plan of SplitMyExpenses allows the creation of up to 10 friends, and users can import expenses up to 1 month old. It includes unlimited charges, expenses and splits as well as secure link sharing for charges.
No, there are no hidden fees in SplitMyExpenses' pricing plans. All the prices are transparently listed for users.
Yes, users can cancel their SplitMyExpenses subscription at any time according to their needs.
Yes, users can charge their friends using Zelle or PayPal through SplitMyExpenses. It integrates with multiple payment platforms to ensure convenience for its users.
Using the charge review share link in SplitMyExpenses, users can share the breakdown of an expense split with their friends. This facilitates transparency as friends can double-check the shared charges, give their feedback or suggest adjustments.
In the free plan of SplitMyExpenses, users can import expenses that are up to 1 month old.
The Starter plan in SplitMyExpenses, priced at $3, allows users to create up to 25 friends, import expenses up to 3 months old, and delivers a higher priority for expense upload processing. In contrast, the Unlimited plan, priced at $9, does not have any limits on friends and expense imports, and offers additional features such as priority customer support and native support for automatic expense imports from financial accounts.
With the Unlimited plan of SplitMyExpenses, users get priority customer support. This means they can expect faster and more personalized responses to any queries or issues.
Yes, users have the freedom to delete their account and data from SplitMyExpenses at any time. SplitMyExpenses practices strong data ownership principles, ensuring that no traces of user data are left behind upon deletion.
SplitMyExpenses uses the Money Pattern created by Martin Fowler to ensure fair and exact distribution of expenses. This pattern ensures that each user is charged exactly what they owe, accommodating cases where transactions do not divide evenly by distributing the remaining cents evenly among the friends listed in the splits.
Pros and Cons
Pros
- Automated splitting of bills
- Direct charging on Venmo
- CashApp
- Automatic receipt scanning and itemization
- Integration with credit cards and bank accounts
- Secure handling of financial data
- Expense import from various sources
- Detailed charge history
- Charge review feature increasing transparency
- Effective spending tracking charts
- Offers free plan
- Clear
- transparent pricing
- One tap payment requests
- Supports and handles receipts
- File import for expense data
- Ability to pick up where left off
- Facilitates faster payments
- Elegant
- modern UI
- Option to link financial accounts
- No bloat
- Robust splits
Cons
- Limited to 10 friends in free plan
- Automatic import limited to 1-month old expenses
- Charges for increased limits
- Limited integrations with payment platforms
- Limited priority support in cheaper plans
- Receipt scanning might not be accurate
- Extra cent splitting algorithm might be confusing
- Linking financial accounts limited to highest plan
- Bank account linking handled by third-party
Reviews
You must be logged in to submit a review.
No reviews yet. Be the first to review!
Similar Tools
