Rocket Money Reviews 2023: Is Rocket Money Legit?

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Rocket Money Reviews: Are you tired of traditional banking and looking for a fresh, innovative way to manage your finances? Look no further than Rocket Money.

In this comprehensive Rocket Money review, we’ll look into the features, benefits, and potential drawbacks of this cutting-edge financial service. So fasten your seatbelt and get ready to explore the world of Rocket Money and it app.

What is Rocket Money?

Rocket Money is a revolutionary financial platform that aims to simplify your banking experience. It combines the convenience of traditional banking with the speed and flexibility of modern technology. With Rocket Money, you can manage your money, make transactions, and access various financial services all in one place.

How Does Rocket Money Work?

Rocket Money works by providing you with a virtual bank account that you can access through their user-friendly mobile app. Once you sign up, you’ll gain access to a range of features, including instant transfers, bill payments, budgeting tools, and more. It’s like having a traditional bank in your pocket, but without the hassle and limitations.

The Benefits of Rocket Money

Rocket Money offers numerous benefits that make it an appealing choice for individuals seeking a seamless banking experience. Here are some of the key advantages:

  1. Convenient Banking: Say goodbye to long queues and cumbersome paperwork. With Rocket Money, you can perform banking transactions from the comfort of your home or on the go.
  2. Instant Transfers: Need to send money urgently? Rocket Money allows you to transfer funds instantly to friends, family, or businesses, eliminating the usual delays associated with traditional banking systems.
  3. Budgeting Made Easy: Rocket Money provides intuitive budgeting tools that help you track your expenses, set savings goals, and manage your finances effectively.
  4. No Hidden Fees: Unlike traditional banks that often surprise you with hidden charges, Rocket Money is transparent about its fees. You’ll know exactly what you’re paying for without any unexpected surprises.

Is Rocket Money Legit?

Yes, Rocket Money is legit. Given the growing number of financial scams, it’s essential to verify the legitimacy of any financial service. Rocket Money is a legitimate company that operates under strict regulations to ensure the security of your funds. It’s licensed and regulated by the appropriate authorities, offering you peace of mind when using their services.

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Rocket Money Reviews: Pros and Cons

Let’s dive into the pros and cons of using Rocket Money app to give you a well-rounded view of the platform.


  1. User-Friendly Interface: Rocket Money app’s interface is designed to be intuitive and easy to navigate, making it accessible to individuals of all ages and technical abilities.
  2. Speedy Transactions: Say goodbye to waiting for days for transactions to clear. Rocket Money processes transactions instantly, saving you time and frustration.
  3. Enhanced Security: Rocket Money employs top-notch security measures, including encryption and multi-factor authentication, to safeguard your financial information.
  4. Flexible Banking: With Rocket Money app, you have the flexibility to manage your finances anytime, anywhere, giving you full control over your money.


  1. Limited Availability: Rocket Money is currently only available in select countries. Check their website to see if your country is supported.
  2. Relatively New Service: Rocket Money is a relatively new player in the financial industry, which may cause some users to hesitate due to concerns about stability and long-term viability.

How to Get Started with Rocket Money

Rocket Money Review

Getting started with Rocket Money is a breeze. Follow these simple steps to open your account:

  1. Visit the Rocket Money website or download the mobile app from your app store.
  2. Sign up by providing the necessary information, such as your name, email address, and contact details.
  3. Complete the verification process as prompted by Rocket Money.
  4. Once verified, you can start exploring and using the various features and services provided by Rocket Money.

Rocket Money vs. Traditional Banking

In a traditional banking setup, you might find yourself dealing with long queues, tedious paperwork, and limited access to your funds outside of banking hours. Rocket Money offers a refreshing alternative. Here’s how it compares to traditional banking:

  • Accessibility: Rocket Money provides 24/7 access to your funds, allowing you to manage your money at your convenience.
  • Speed: Rocket Money processes transactions instantly, whereas traditional banks often have processing delays.
  • Fees: Rocket Money is transparent about its fees, whereas traditional banks may have hidden charges.

Rocket Money Security Features

Security is of utmost importance when it comes to managing your finances. Rocket Money takes several measures to protect your money and personal information:

  1. Encryption: Rocket Money uses robust encryption technology to safeguard your data and ensure secure transactions.
  2. Multi-Factor Authentication: To prevent unauthorized access, Rocket Money employs multi-factor authentication, adding an extra layer of security to your account.
  3. Fraud Monitoring: Rocket Money continuously monitors your account for any suspicious activity, notifying you promptly to mitigate potential risks.
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Rocket Money Reviews from Customers

Rocket Money Reviews from Customers

Don’t just take our word for it; let’s hear what Rocket Money app users from Trustpilot have to say. As at the time of publishing this review, Rocket Money has over 3,900 reviews on Trustpilot with 4.6 Stars.

  • Mary Dowdy from US: “This app has been great. My favorite features are subscription canceling and auto saving” Date of experience: June 22, 2023.
  • Heather Browning from US: “Renegotiation wasn’t worth it! I asked them to renegotiate my spectrum bill when I signed up months ago. I forgot about it. Three days ago I get a message that they had successfully renegotiated my bill. I had started getting multiple calls from spectrum about following up with the phone call I made to them. I checked my spectrum account, and I’m still paying the same amount I was before! They said that my account had a promotional rate that expired, but they “renegotiated” a new promotion. I’m still paying the same thing – only now I’m being charged for that renegotiation. I don’t even think my account had a promotional rate to begin with. I’m definitely calling spectrum to find out more information. If it was a promotional rate, I could have gotten this new rate myself. Won’t be doing that again! Date of experience: June 20, 2023.
  • Suzanne Luchs from US: “Rocket Money is the best money app on the market! It has changed my life in terms of helping me see where my money is going. The app is easy and fun, and their customer service is superb. Send them a text and they’ll respond. This a great company” Date of experience: June 06, 2023.

Read more customers reviews of Rocket Money on Trustpilot.

Rocket Money Fees and Charges

When it comes to fees and charges, Rocket Money believes in transparency. Rocket Money is a free to use app, but they offer several OPTIONAL services that do cost money. Here’s how it works:

Premium: We allow members to choose your own price for Premium. You can choose on a sliding scale between $3-$12/month. The $3 and $4 options are billed annually.

Premium features include: Syncing your balance, Premium Chat, Cancellations Concierge, Custom Categories, Unlimited Budgets, Smart Savings, and More. Premium subscriptions automatically renew and can be cancelled at any time.

For a comprehensive list of fees, visit the Rocket Money website or refer to their terms and conditions.

Rocket Money Review: Customer Support

Should you have any questions or concerns, Rocket Money offers reliable customer support. You can reach out to their support team via email, live chat, or phone during their designated support hours. They strive to provide prompt and helpful assistance to ensure your banking experience is smooth.

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Is Rocket Money Right for You?

Rocket Money is an excellent choice for individuals seeking a modern, convenient, and secure banking experience. If you value speed, accessibility, and flexibility, Rocket Money may be the perfect fit for your financial needs. However, it’s essential to assess your unique requirements and compare Rocket Money with other financial services to make an informed decision.

Final Thought

Rocket Money offers a compelling alternative to traditional banking. With its user-friendly interface, instant transactions, and robust security features, Rocket Money simplifies the way you manage your finances.

While it’s a relatively new service, the positive customer reviews and transparent fee structure make it an enticing option for those seeking a seamless banking experience. Visit Rocket Money’s website today and take the first step towards revolutionizing your financial journey.

FAQS: Rocket Money Reviews

1. Is the Rocket Money app legit?

Yes, Rocket Money is a safe way to monitor your banking account transactions, look for ways to reduce spending, and track your credit score. The app uses the same third-party service (Plaid) to connect to your accounts as most personal finance software apps.

2. How much is Rocket Money?

Pricing: Rocket Money has two plans. When you download the app, you’ll have free access to track accounts or create a budget. If you would like to utilize Premium features, you’ll have to pay a subscription fee. The Premium plan subscription is $35.99/annually, $47.99 annually, or $4.99 to $11.99 per month.

3. How does rocket money work?

Rocket Money connects all of your financial accounts so you can have a full picture of where your money is going. It also works to identify your monthly bills and subscriptions based on recurring charges, separate from helping you to track your spending.

4. Does Rocket Money work in UK?

No! and at the moment, Rocket Money do not support international institutions. At this time, that includes banks in Canada, Mexico, Australia, and Europe as well.

5. Is Rocketmoney app free?

Rocket Money is free to use, although there are optional services, like bill negotiation, that you can opt in to for an extra cost ranging from $3 to $12 monthly. The good news: Using the negotiation service to cut down on your monthly spending could help you cover the cost of a premium membership.

6. Is Rocket Money a bank account?

Rocket Money is a bill management and budgeting app that helps its users stay on top of their monthly spending. It uses a freemium model, so you get some basic budgeting and subscription management services for free.

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