Mint App – 3 things you should know

Overdraft Apps » App Reviews » Mint App – 3 things you should know

Editor’s Note: Overdraft Apps provides detailed product reviews and recommendations based upon extensive research and our own hands-on testing. We may earn a referral fee when you sign up for or purchase products mentioned in this article.

The Mint app is probably the most popular personal-finance app on the market. We decided to include it in our overdraft apps ranking because good financial behavior can help you avoid bank fees. Mint has been on the market for quite some time, it was launched in 2006. Since their founding Mint has changed a lot. They now let you track your bills and better manage your expenses (and in fact your whole financial life) for free! They do not offer loans, but do offer a great, and free, product.

  • Financial Planner app
  • No cash advance
  • Available to anyone with the app installed

Editor’s Score: Not Bad! 4/5

How It Works

Like most every other financial app, you sign up to Mint by connecting your checking account. Mint will then constantly monitor your income and expenses. They will tell how much you’re spending on food, entertainment etc.. and will predict how much will be leftover at the end of the month. Awareness of your expenditures could be a great way to avoid overdraft fees!


FreeScore: 5/5

Great news: Mint is free! How do they make money, you might ask?  First, your financial data is worth quite a lot of money, they sell that data.  They also make money by suggesting/ advertising relevant financial services. Every time you click on their suggestions, or their ads, they earn money. They also make money if you decide to pay your bills through their platform (about a 3% fee on the bill amount).


Nice but could do better.Score: 3.5/5

Mint tracks all your expenses and your income. It gathers and analyzes your financial data at the beginning of each month and tracks all your expenses, such as: Shopping, Food & Dining, Entertainment, Auto & Transportation. The app will tell you if you’re currently spending more than you usually do and will make sure that your expenses stay within your means. Mint also allows you to add specific goals (like saving for a new TV), quite easily. Mint is a great app, we only wish it offered additional features like automatic money saving, automatic money investing, or overdraft loans.


Mint is the incumbent (it has been on the market for nearly 12 years) personal finance app on the market. While it won’t help you “get cash now” before your next paycheck, it will certainly help you understand intuitively what’s going on in your checking account and financial life. You won’t pay Mint anything except your privacy (does that still exist nowadays..?). This app prefers to educate its users rather than provide a concrete solution to the overdraft problems. This app will likely not be sufficient on its own to help you avoid overdraft issues. We recommend you download one of our other reviewed apps such as the Even app, Dave app or Earnin app as well as this app to ensure your financial safety.

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