Rocket Money vs SoFi

Rocket Money is a personal-finance service for monitoring subscriptions, bills, spending, budgets and net worth. It runs on the web, iOS and Android, with mobile apps, account syncing and report export. Budgeting tools, bill tracking and net-worth tracking are listed capabilities. The free plan costs nothing and includes subscription tracking, upcoming bill tracking, basic budgeting, and spending tracking with categorization. A 7-day trial is listed, and the pricing model is freemium. Premium+ includes Premium features and Rowan, an AI-powered financial assistant; its price is also not listed. Rocket Money, founded in 2015 and headquartered in Silver Spring, Maryland, makes the service.

SoFi brings banking, lending, investing, credit cards, insurance, crypto, and financial guidance into one platform. Its banking tools cover balance and transaction monitoring, alerts, bill pay, transfers, mobile check deposits, debit-card controls, and automated savings. SoFi Invest offers self-directed and robo investing, IRAs, stock and IPO investing, fractional shares, and ETFs. SoFi Relay links external accounts and helps members track credit scores and finances. SoFi Coach provides financial insights by chat 24-7, with a budget planner and retirement and investment goal tracking; it can connect accounts from more than 12,000 financial institutions. Members can transfer money and open checking and savings accounts through chat, but Coach does not recommend specific stocks or execute trades. Coach is free to members using SoFi banking, borrowing, or investing services. SoFi Plus costs $10 a month. Checking and Savings is listed at free, with no account, service, or maintenance fees and no minimum balance requirement. SoFi lists web and mobile access, and its official app is distributed through the Apple App Store and Google Play Store.