PocketSmith

Overview

PocketSmith is personal finance software for organizing current finances and projecting how account balances may change. Its toolkit includes budgeting, bill tracking, net-worth monitoring, bank feeds and reports, with a calendar-based forecast at its center. The company is based in Dunedin, New Zealand, and says it has been building the product since 2008 as an independent team.

Users can connect bank feeds or import data manually. PocketSmith describes automatic imports and categorization across more than 14,000 banks and institutions worldwide; it also describes live bank feeds from over 12,000 institutions. Feeds are read-only, so they cannot transfer or move money in connected accounts. The service supports accounts, assets and liabilities across currencies, with automatic conversions using daily rates.

A free tier is available, alongside three paid plans with different limits for connected banks, dashboards and forecast length. For a broader view of budgeting and personal finance apps, PocketSmith is one option for households or individuals who want to look beyond current balances.

Key features

Budgeting and forecasting

A budget calendar, flexible budget periods and what-if scenarios give users ways to organize budgets and consider possible changes. Forecasting projects daily account balances into the future. The horizon varies by plan: six months on Free, 10 years on Foundation, 30 years on Flourish and up to 60 years on Fortune.

Bank feeds and money overview

Automatic bank feeds import and categorize transactions. Feed providers include Yodlee, Plaid, Salt Edge, Akahu, Basiq and Mastercard, with regional availability varying. Paid plans list connected-bank limits of 6, 18 or unlimited, while the free plan allows two accounts. Because feeds are read-only, PocketSmith can help users monitor accounts but cannot move money through a connected bank.

Reporting includes dashboards, income and expense reports, net-worth reports and automatically updated cashflow statements. Users can build custom dashboards containing accounts, transactions, budgets and other information. Multi-currency tracking covers accounts, assets and liabilities, with daily-rate conversions for international finances.

Documents, API and AI connections

A file browser lets users browse, upload, preview, rename, describe and download financial documents. Developers can use the PocketSmith API without charge or restriction, with developer keys and OAuth 2 for apps. Its MCP server can connect compatible AI assistants to a user's financial data.

Security and support

PocketSmith says connections are encrypted, stored data is encrypted at rest, and passwords are hashed using bcrypt. Two-factor authentication is available on every plan, including Free. The company says it has no ads or ad-tracking. Foundation and Flourish include email support; Fortune includes priority email support. Users can contact support from the in-app Help menu or by email.

Pricing

PocketSmith uses a freemium model. The Free plan costs 0.00 USD per free and includes automatic bank feeds, manual imports, two dashboards, 12 budgets, two accounts and six months' projection. It is described as a plan for casual budgeters.

• Foundation: 9.99 USD per month when billed annually, or 14.95 USD billed monthly. It includes automatic feeds, six connected banks from one country, six dashboards, 10 years' projection and unlimited accounts.
• Flourish: 16.66 USD per month when billed annually, or 24.95 USD billed monthly. It includes automatic feeds, 18 connected banks from all countries, 18 dashboards, 30 years' projection and unlimited accounts.
• Fortune: 26.66 USD per month when billed annually, or 39.95 USD billed monthly. It includes automatic feeds, unlimited connected banks from all countries, unlimited dashboards, 60 years' projection and unlimited accounts.

The paid plans are listed as saving 33% with annual billing. PocketSmith also offers a 14-day money back guarantee.

Platforms

PocketSmith lists Android and iOS mobile apps, along with web access and an API. Beta desktop apps are available for macOS 11 or newer, Windows 10 and 11, and Debian-based Linux distributions.

Who it's for

PocketSmith may suit budgeters who want to compare planned spending with projected balances, particularly if they value long-range forecasting or manage finances across currencies. The free tier's two-account limit may be enough for a small, simple setup, while households with multiple connected banks may need a paid plan. Freelancers who want reporting and document storage alongside budgeting may also find those tools relevant. It is less suited to anyone expecting a connected budgeting app to initiate transfers, since its bank feeds are read-only.

Pros and cons

• Pros: The free tier includes budgets, dashboards, bank feeds and a six-month forecast; higher plans extend forecasts as far as 60 years. Multi-currency tracking, custom dashboards, reports and document management add breadth. Two-factor authentication is available to free and paid users.
• Cons: The free tier is limited to two accounts and two dashboards. Connected-bank allowances vary by paid plan, and users who need money movement from within the service will not get it through read-only feeds. Desktop apps are described as beta.

Alternatives

Other options include MoneyPatrol, Actual Budget, Money Manager Ex, CountAbout, Wallet by BudgetBakers, Finlynq, SoFi and Emma. Compare their details and plan terms with PocketSmith's account limits and forecasting features to find a fit for your needs.

Verdict

PocketSmith combines budgeting and account monitoring with unusually long forecast horizons, plus reporting and tools for managing documents and international finances. The free plan offers a useful starting point, though its account and dashboard caps are modest. Paid plans mainly expand connected-bank allowances, dashboards and projection length. Its read-only feeds are an important boundary: PocketSmith is built to help users understand and plan around their money, not to transfer it.