Albert

What Albert is

Albert is a mobile financial management service for budgeting, account tracking, and financial tasks. It automatically categorizes transactions, tracks spending and cash flow, and identifies recurring bills and subscriptions. Users can connect bank accounts, credit cards, loans, and investment accounts; Albert says it supports thousands of financial institutions. Connections run through Plaid, and an unsupported institution may need to be added manually.

Its AI-powered assistant, Genius, can create financial plans and help with transfers or investment transactions after the user reviews and approves them. Albert also supports scheduled transfers and pays interest on savings. The company says information is encrypted in transit through Plaid and that it does not store bank passwords. Eligible Cash and Savings funds may be FDIC insured up to $250,000 through partner banks, subject to conditions. Investment accounts have SIPC protection up to $500,000, including up to $250,000 for cash, against broker-dealer failure; this does not cover investment losses. Albert says it is not a bank and banking services come from partner banks. Apps are available for Android and iOS, with services also available on the web. Standard costs $19.99 a month; Family and Genius each cost $39.99 a month. A 30-day trial is available, and there is no free plan.

Who it suits

Albert suits people in the United States who want budgeting and several financial accounts tracked in one service, with an AI assistant for approved financial tasks. Its terms require users to be at least 18, legally reside in the United States, and own an account at a US bank or credit union.

Getting started

1. Visit https://albert.com/ or install the app from the Apple App Store or Google Play Store.
2. Choose a plan; Standard is $19.99 a month, while Family and Genius are $39.99 a month.
3. Use the available 30-day trial if you want to try the service before paying.
4. Link supported bank, credit card, loan, or investment accounts through Plaid.
5. Enter an account manually if its institution is unsupported.

Verdict

Choose Albert if you meet its US eligibility requirements and want budgeting, connected account tracking, and approved financial task assistance in one service. Compare its paid plans if you need Genius or Family benefits, and consider another service if you need free access or your financial institution is unsupported.