Struggling to keep track of which bills you need to pay and when? The Prism financial app could help you bring order to your finances and give you a complete picture of how your financial situation looks. Find out all about the app in this article below to see whether it’s for you.
Prism is a bill management app that allows you to view your income, bills and account balances all in one place. The app’s automatic tracking feature keeps tabs on your bills, including the amounts you need to pay and the associated due dates, so all you need to do is check the app.
Prism puts you firmly in control of your bills, even sending you notifications via your phone before your bills are due, so that you’re more likely to pay them on time and avoid late payment fees.
One handy feature of this app is that if you already manage your bills online, you can easily link up your online accounts to the app. Doing so will pull through all the details automatically (e.g., due dates). Additionally, you can add bills manually. More than 11,000 billers are supported within the app.
To get a full picture of your finances, you can add your credit cards or other debts, your monthly expenses and link up your bank account, so you can see just how much cash you have in your bank (helpful when you need to pay a bill). You can even make your bill payments directly through the app, which as you can imagine, is highly convenient.
Prism is available to download via the App Store, Google Play, Windows Phone, Windows 8 and Kindle Fire.
More on YNAB vs Personal Capital
Yes – Prism is a free personal finance app. There are no ongoing subscription fees, and it’s usually possible to make bill payments through the app for free. Sometimes fees are charged if you choose to pay by debit or credit card, but if you pay directly from your bank account, it’s free. The Prism app highlights any fees before you make a payment, so you know what you’re paying upfront.
Prism makes money through commissions from some billers. When you pay a bill, a small fee will go to Prism directly from the biller, at no cost to you.
Prism is rated as 4.6 / 5 on Google Play and 4.8 / 5 in the App Store, so pretty decent scores all around. Many users report that they’re happy with the app, especially as it keeps them on track with paying their bills.
One reviewer on Google Play said that the Prism app has the potential to make Mint obsolete, after being able to link accounts on the app that he was unable to on Mint. However, the app doesn’t currently support investment accounts, or a budgeting feature like Mint does.
Another user sang praises about the app, saying that she’s recommended it to everyone she knows. The app is helping her build her credit rating since she’s making all her payments on time.
Over in the App Store, one person claimed that the Prism app has changed their financial life and that the app itself is user-friendly, taking only seconds to pay a bill. Additionally, this reviewer highly rated the app’s customer service, saying that the support team does listen to what their customers have to say and are happy to help if there is a problem.
There are some negative reviews, as you would expect with any app. There have been a few issues with payments, with one user saying that the app sent three times the amount required to one biller. A couple of recent reviews refer to users not being happy with the new terms and conditions now that BillGO has acquired Prism. However, Prism has addressed the acquisition on their website, and it looks like not much has changed.
Regarding communication, the team at Prism seem quick to respond to any negative reviews and offer support directly through the app, via email or on social media.
Late bill payments happen to us all from time to time. By using Prism, you can kiss goodbye to late payment fees and say hello to a better credit score, as the app will transform the way you manage and organize your bills. Not sure whether Prism is the app for you? Why not check out our write up about the Mint app instead?
*The above information is correct at the time of publishing. It doesn’t constitute professional financial advice.
More on Apps like Mint