Qapital

What Qapital is

Qapital is an Android and iOS app that brings together automated saving, investing, budgeting, and debt management. Users can create personalized savings goals, follow their progress, and select from more than 15 automatic saving methods. For investing, Qapital recommends a plan based on a target amount, timeline, and risk level, with automatic contributions available. Budgeting tools let users divide portions of a paycheck among expenses, savings, investments, and spending, then adjust the allocation or pause deposits.

Partners can use Dream Team to share goals and decide whether to share balances and transaction histories. Qapital links external bank accounts and credit cards through Plaid. Its Basic plan costs $3 a month billed monthly; Complete costs $8 a month billed monthly; and Premier costs $12 a month billed monthly. A 30-day trial costs $0. Qapital says it deducts the monthly membership fee after the trial ends and a bank account is connected. The company says it uses SSL and TLS encryption, multi-factor authentication, regular server vulnerability scans, and passcode or fingerprint access. Funds held at member-FDIC partner banks are insured up to $250,000 under federal regulations.

Who it suits

Qapital suits people who want app-based savings goals and automatic saving alongside budgeting tools. It may also suit partners managing shared goals or users interested in investing plans and paycheck allocation within the same service.

Limits

The 30-day trial costs $0; Qapital says it deducts the monthly membership fee after the trial ends and a bank account is connected. Basic costs $3 a month billed monthly; the listed plans offer different benefits, with investment portfolios beginning in Complete.

Getting started

1. Install Qapital on Android or iOS.
2. Start the 30-day trial, which costs $0.
3. Connect a bank account; Qapital says the membership fee is deducted after the trial ends when an account is connected.
4. Link external financial accounts, including bank accounts or credit cards, through Plaid.
5. Set savings goals and automatic rules, or choose a plan for budgeting and investing.

Verdict

Choose Qapital if you want savings automation with budgeting and investment options in an Android or iOS app. The main reason to look elsewhere is its paid-only plan structure after the 30-day $0 trial.