BrightDime vs SmartDollar
BrightDime
brightdime.comSmartDollar
ramseysolutions.comSide by side
| Figure | BrightDime | SmartDollar |
|---|---|---|
| Price from | $0.20/mo | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| Plans published | 3 | 1 |
| Spec score · Employee Financial Wellness Software | 9.0 (#1) | 7.0 (#22) |
| Spec score · Financial Wellness Software | 9.0 (#1) | 6.9 (#23) |
| Coaching | Employees can receive personalized one-on-one coaching for budgeting, debt, savings, retirement and major purchases through scheduled or on-demand sessions. | Employees receive unlimited one-on-one financial coaching in English or Spanish, as well as group coaching. |
| Headquarters | Charlotte, North Carolina | Franklin, Tennessee, United States |
| Privacy | BrightDime says employer-sponsored employers cannot see coaching session content or individual details about a person’s conversations. | Employers can see engagement and participation data, while the product page says employees’ financial information stays private from their employer. |
| Security | BrightDime says it uses enterprise-grade security and encryption to protect financial information. | SmartDollar states that it is SOC 2 Type 2 compliant, encrypts data in transit and at rest, requires multi-factor authentication, and uses least-privilege access. |
| Who it serves | BrightDime says it partners with organizations from small teams to companies with tens of thousands of employees. | SmartDollar says it serves organizations of all sizes and supports full-time, part-time, remote, hourly, and salaried employees. |
Plans
BrightDime
- BrightDime EssentialsFree
- BrightDime Core$0.20 a month
- BrightDime Complete$1.50 a month
In their own words
BrightDime
BrightDime provides workplace financial wellness programs that combine coaching, education, and digital tools. Its dashboard can connect banking, credit card, loan, retirement, and investment accounts to track progress toward financial goals. Coaching includes scheduled 15–30 minute video, phone, or private in-app chat sessions, plus on-demand in-app chat and SMS. BrightDime Complete adds a library of videos, tools, and educational content, along with an employee engagement strategy using emails, videos, webinars, QR codes, and other materials. Credit coaching covers utilization guidance and a personalized improvement plan; BrightDime says use of the service does not affect a user’s credit score. The company says sponsoring employers cannot see coaching session content or individual conversation details. Essentials is free for enterprise accounts with a minimum of 5,000 users. Core starts at $0.20 per user per month with a $250 monthly minimum. Complete starts at $1.50 per eligible user per month, also with a $250 minimum. One-on-one coaching and custom events are add-ons for Core; Essentials lists one-on-one coaching, account aggregation, and custom events as add-ons.
SmartDollar
SmartDollar has no write-up on Specifiction yet; its figures are above.