PocketSmith

What PocketSmith does

PocketSmith organizes budgets, bills, net worth and cash-flow reports, then forecasts future account balances. Its calendar can project daily balances as far as 60 years ahead on the Fortune plan.

It connects to financial institutions for automatic feeds, supports multiple currencies, and lets users create dashboards and manage financial documents. Connected bank data can be viewed but not used to transfer money.

Fees and plans

The Free plan costs nothing. It comes with automatic bank feeds, manual imports, two dashboards, 12 budgets, two accounts and six months of projections.

Foundation is priced at $119.88 for a year on annual billing, equivalent to $9.99 per month. Subscribers can link six banks in one country, use six dashboards and project 10 years, with unlimited accounts and budgets.

Annual Flourish billing totals $199.92, or $16.66 per month. It allows 18 connected banks from all countries, 18 dashboards, 30 years of projections, unlimited accounts and unlimited budgets.

Fortune's annual price is $319.92, which works out to $26.66 per month. This option removes the listed caps on connected banks and dashboards, and extends projections to 60 years; accounts and budgets are unlimited. Foundation and Flourish include email support; Fortune adds priority email support. Customers can request a refund within 14 days.

Where it runs

PocketSmith lists web, iOS and Android apps, plus an API. Desktop apps are offered in beta for macOS 11 or newer, Windows 10 and 11, and Debian-based Linux distributions.

The facts identify mobile apps for both major phone platforms but do not publish a separate list of phone-only features or restrictions.

Protection, as PocketSmith publishes it

PocketSmith reports encryption for data in transit and at rest, bcrypt password hashing, and two-factor authentication across all plans, including Free. It reports an SSL Labs A+ transport rating as of February 2024.

For regional connections, PocketSmith names Yodlee, Plaid, Salt Edge, Akahu, Basiq and Mastercard as feed providers and says the feeds are read-only. The company also states that it does not use ads or ad-tracking.

Strengths

Long-range forecasting is a central feature, with daily balance projections reaching 60 years on Fortune. Budget calendars, flexible budget periods and what-if scenarios give users additional planning options.

The service combines automatic feeds from more than 12,000 institutions with multi-currency conversion, dashboards, reports and document storage. Developers can access a free API without a stated usage cap, using developer keys or OAuth 2.

Catches and limits

On Free, users get two accounts, two dashboards, 12 budgets and six months of projections. Paid plans cap connected banks at six or 18 unless you choose Fortune; country coverage also varies by plan.

Desktop software is beta, and the facts do not specify which mobile features differ from the web version. Automatic feeds depend on regional data providers and supported institutions.

Who may want another app

Someone who needs to move money from a connected account may find PocketSmith unsuitable because its bank feeds are read-only. The same applies to anyone seeking a desktop application that is no longer in beta.

PocketSmith verdict

PocketSmith suits people who want budgets, account aggregation and forecasts in one place, especially when long horizons or several currencies matter. The free tier is narrow but gives casual budgeters a usable starting set of dashboards, budgets and accounts.

Its annual paid tiers buy more connected banks, dashboards and projection years. The main tradeoffs are read-only feeds, plan-based bank limits and beta desktop software.

Questions