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Wally vs Monarch
The short version
Monarch is a paid, ad-free money app for tracking every account, budgeting, planning and goals, with a free partner seat. Wally is an AI agent for your money: it watches your accounts and email, and does jobs itself — cancelling subscriptions and asking your bank to refund fees — in a browser you can watch.
Disclosure: we make Wally, so we’re not neutral. Every fact about Monarch comes from its own website and is linked below, and this page says when Monarch is the better pick.
By Meet PandyaChecked Source: Monarch’s website
At a glance
Prices in US dollars. Monarch’s column comes from its own website, checked October 2026.
| Wally | Monarch | |
|---|---|---|
| Price | iPhone, monthly: $6.99/monthiPhone, yearly: $69.99/year7-day free trialWeb, yearly: $69.99/year | Core — yearly: $99.99/year[1]About $8.33 a month.Core — monthly: $14.99/month[3]Plus — yearly: $199.99/year[1][4]Adds forecasting, business tracking, advanced investment analysis and a will; billed annually. |
| Free trial | 7 days, on the yearly iPhone plan | 7-day free trial (payment method required) |
| Platforms | iPhone, Web | Web, iPhone, iPad, Android |
| Countries | US and Canada | US and Canada (billed in USD) |
Features side by side
| Wally | Monarch | |
|---|---|---|
| Budgeting | YesBuilds your budget from your own usual spending and shows bills before they charge. | Yes[1]Two budgeting approaches, and a budget built automatically from your real spending. |
| Finds subscriptions and bills | YesFinds subscriptions and bills in your accounts — and in your email, if you connect it. | Yes[1][6]Reminders about subscriptions and upcoming bills, shown as a calendar or list. |
| Cancels subscriptions for you | YesCancels in its own browser, which you can watch; you sign in yourself. Starts on the cancel page for about 20 popular services, and works other sites best effort. | Not listedNot listed on monarch.com. |
| Asks your bank to refund fees | YesSpots bank fees and can ask your bank’s chat or secure messages for a one-time courtesy refund. Not guaranteed. | Not listedNot listed on monarch.com. |
| Reads your email for bills and trials | YesConnect Gmail or Outlook and Wally finds subscriptions, bills, free trials and returns in your email. Gmail is open to a limited number of accounts for now. | Not listedNot listed on monarch.com. |
| AI assistant | YesAsk anything about your money; Wally answers from your own numbers and acts only with your OK. | Yes[1]An AI Assistant you can ask anything, plus AI-powered insights. |
| Standing tasks from chat | YesSet a standing task in chat — say, a stock price every 10 minutes — and Wally keeps at it until you say stop. | Not listedNot listed on monarch.com. |
| Net worth | YesEvery account in one place, plus things you add by hand, like a car, a home or cash. | Yes[1]Your complete net worth across every account. |
| Investment tracking | YesBrokerages connect through Plaid, and Wally follows your investments. | Yes[1][4]Investment performance and diversification; deeper analysis on Plus. |
| Goals | YesGives every goal a real date. | Yes[1]Savings and debt goals, with the monthly contribution each needs. |
| Share with a partner | YesShare a Family profile with a partner in the iPhone app. | Yes[1]Add a partner for free; share read-only access with a financial professional. |
When Monarch is the better pick
Choose Monarch if any of these matter most to you. From its own website:
- Apps for Android and iPad as well as iPhone and the web.[5]
- Add a partner for free, and give a financial professional read-only access.[1]
- Planning depth: retirement forecasting, business and rental tracking with P&L reports, and advanced investment analysis on Plus.[1][4]
- Integrations such as Zillow home values, Coinbase, Apple Card and receipt scanning, across 13,000+ institutions.[1]
- A no-questions-asked money-back guarantee.[1]
Where Wally is different
It does the job itself, in a browser you can watch
Ask Wally to cancel a subscription or ask your bank to refund a fee, and it works through the website in its own live browser. You sign in yourself — your password goes to that company, never to Wally — and nothing runs without your OK.
It reads your email, if you connect it
Connect Gmail or Outlook and Wally finds subscriptions, bills, free trials and returns in your email — including ones that haven’t charged your card yet.
It takes tasks from chat
Ask a question about your money and get an answer from your own numbers, or set a standing task and let Wally keep at it on its own clock until you say stop.
Read-only, and paid for by you alone
Wally can see your accounts but can never move money. Your subscription is its only income — no ads, no selling your data, no kickbacks.
Wally’s drawbacks
What Wally doesn’t do, or doesn’t do yet:
- No Android app — Wally is on iPhone and the web.
- No free plan. The free trial is 7 days, on the yearly iPhone plan.
- No credit score or credit report.
- Cancelling works best on about 20 popular services, where Wally starts on the cancel page; on other sites it works best effort. It can’t cancel anything that needs a phone call or a visit.
- Gmail connections are open to a limited number of accounts for now; Outlook works for everyone.
- It’s younger than most apps it’s compared with here, so it has a shorter track record.
- Works with US and Canadian banks only.
Wally, your AI money agent
Try Wally
Connect your accounts read-only through Plaid and ask Wally anything about your money — or give it a job, like cancel my Netflix
or get that overdraft fee back
. Wally works in its own browser where you can watch, you sign in yourself, and nothing runs without your OK.
$6.99 a month on iPhone, or $69.99 a year with a 7-day free trial. On the web, $69.99 a year. See what Wally can cancel.
Read-only — Wally never moves your money.
Wally vs Monarch: FAQ
How much does Monarch cost compared with Wally?
Monarch Core is $99.99 a year or $14.99 a month, and Monarch Plus is $199.99 a year; each starts with a 7-day free trial. Wally is $69.99 a year or $6.99 a month on iPhone, with a 7-day free trial on the yearly plan.
Can I share Monarch or Wally with my partner?
Monarch lets you add a partner for free and give a financial professional read-only access. Wally doesn’t have shared access yet — a Wally account is one person’s.
Does Monarch cancel subscriptions for me?
Monarch reminds you about subscriptions and upcoming bills so you can cancel what you don’t need; its site doesn’t list cancelling them for you. Wally can cancel a subscription in its own browser while you watch.
Do both work in Canada?
Yes. Monarch is available in the US and Canada, billed in US dollars. Wally works in the US and Canada too.
Sources
- 1.Monarch: Pricing · October 14, 2026
- 2.Monarch Help: Pricing · March 3, 2026
- 3.Monarch Help: Updating Your Subscription · October 14, 2026
- 4.Monarch Help: Monarch Plus Tier · August 31, 2026
- 5.Monarch: Download · October 14, 2026
- 6.Monarch: Tracking features · October 14, 2026
- 7.Monarch: Monarch in Canada · October 14, 2026
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