Skwad
Skwad is a privacy-first money management tool designed to assist users in understanding and tracking their spending. The unique propositio...
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What is Skwad?
Skwad is a privacy-first budgeting app that helps users understand their spending without linking their bank accounts. Instead of requiring bank logins, Skwad syncs transactions using your bank's built-in email alerts. You sign up to receive a dedicated Skwad scan email address, then forward automated spending and deposit alerts from your bank or credit card provider to that address. Skwad converts these alerts into categorized transactions instantly.
Key features include comprehensive budgeting with rollovers and envelope budgeting, a receipt scanner that extracts every line item, bank statement PDF conversion to Excel, multi-currency support, customizable categories, bills and subscription alerts, cashflow reports, net worth tracking, CSV/Excel/QIF import, automatic categorization, custom rules and automations, Google Sheets sync, mobile and web apps, and iPhone/Mac widgets. The app also offers a
Skwad pricing
Pricing model: Free
Skwad offers a 15-day free trial with no charge during trial. Two main plans: DIY plan at $49 USD/year ($4.08/month) syncs via email scans with 1 free companion seat, unlimited transactions/accounts, multi-currency, all budgeting tools, and Google Sheets sync. LINK plan at $65 USD/year ($5.42/month) includes everything in DIY plus bank linking via Plaid supporting 11,000+ institutions, 3-6 months history backfill, and pending+posted transactions. Use code WELCOME for 30% off first year. Prices locked forever at sign-up rate. Plus tax where applicable. All prices in USD.
Skwad pros
- No bank login required for email scan method
- Transactions sync instantly from bank alerts
- No third-party aggregators involved
- Unlimited transactions and accounts
- Fully customizable categories
- One free companion seat included on all paid plans
- Multi-currency support
- Receipt scanner extracts line items
- Bank statement PDF to Excel conversion
- No transaction limit
- CSV, Excel, and Quicken file uploads supported
- Automatic categorization learns from your assignments
- Custom rules to auto-categorize, rename, and tag transactions
- Google Sheets sync capability
- Bills, subscriptions, and payment alerts prevent late fees
- Cashflow reports visualize money flow and savings rate
- Net worth tracking included
- Mobile app and web app both available
- iPhone and Mac widgets for quick budget checks
- Price locked forever at sign-up rate
- No ads and no data selling
- 15-day free trial with no renewal surprises
- 30% off first year with code WELCOME
- About half the cost of YNAB and Monarch
Skwad cons
- Bank linking requires extra $15/year over DIY base price
- Email alerts method requires setting up forwarding in your bank
- Bank linking backfills only 3-6 months of history
- Bank linking sync takes up to 24 hours vs instant for email
- Only 11,000+ institutions supported for bank linking
- Plus tax where applicable increases actual cost
- All prices in USD may be unfavorable for non-US users
- No premium tier means all features on both plans but less flexibility
- Requires bank to have email alert feature for DIY method
Frequently asked questions about Skwad
Is my bank supported?
Your bank is supported if you receive email alerts for transactions or balance updates. Most banks and credit unions have this feature. Skwad also offers bank linking with support for 11,000+ financial institutions via Plaid if your bank doesn't support email alerts.
What is a Skwad scan email address?
After signing up, you receive a unique email address from Skwad. You can forward email receipts, transaction alerts from your bank, or send attachments to this address to have them processed and converted into categorized transactions.
Can I automatically import transactions?
Yes. Both email scans and bank linking automatically import your transactions and balances. With email alerts, transactions sync in seconds. For bank linking, it typically syncs in 24 hours depending on your bank and data provider.
My bank only allows one email. Can I still use Skwad?
Yes. Your bank alerts can be forwarded to Skwad from your primary email address, so you don't need a separate email account for your bank.
Can I upload my old transactions?
Yes. You can upload CSV, Excel, or Quicken files from services like Mint, or from your bank or credit card provider. Skwad supports old Mint exports specifically for users migrating from Mint.
Can I manually add transactions?
Of course. You can manually add transactions in the app by typing them in or uploading a receipt image. The receipt scanner extracts and categorizes every line item.
Is there a transaction limit?
No, Skwad doesn't have a transaction limit. You get unlimited transactions and accounts on both DIY and LINK plans.
Can I export my transactions?
Yes. You can export all your transactions as a CSV file for your accountant or for your own offline analysis. Custom reports and tags are also available.
What file formats can I upload?
You can upload images, PDFs, and CSV files directly on the website or app. For transaction imports, Skwad accepts CSV, OFX, QIF, and Excel files.
Are there different subscription plans available and how do they differ?
Yes, there are two plans. DIY ($49/year) syncs via email scans from your bank's alerts. LINK ($65/year) includes everything in DIY plus bank linking via Plaid supporting 11,000+ institutions, 3-6 months history backfill, and pending+posted transactions. Both plans include all features like unlimited transactions, customizable categories, budgeting tools, multi-currency, Google Sheets sync, and one free companion seat.