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FinWise vs Monarch
Both bring your accounts, budgets and net worth into one place. Monarch is built for planning with a partner and setting goals. FinWise adds South African banks and several currencies, on one simple plan.
At a glance.
| FinWise | Monarch | |
|---|---|---|
| Price | $8.99 a month or $89.99 a year. R79.99 a month or R799.99 a year in South Africa. | Plans at $99.99 a year and $199.99 a year. |
| Free trial | 14 days free. A payment method is needed to start. | 7 days free. A payment method is needed to start. |
| Sharing with a partner | Not yet. Each account belongs to one person, though you can add shared accounts to it. | You can add a partner or advisor at no extra cost. |
| Bank connections | South African banks, plus US and Canadian banks. Manual accounts and CSV import everywhere else. | Available in the US and Canada. |
| Budgeting | Budgets per category, with rollover and your own start day. You can switch budgeting off. | Budgets and cash flow, with goals such as a holiday or a home project. |
FinWise wrote this comparison. Monarch details checked on 3 November 2026, from Monarch pricing and Monarch pricing. Prices and features change, so please confirm with them.
Which suits you?
FinWise, if
- Your banks are in South Africa.
- You keep money in several currencies.
- You want one plan with every feature included.
- You want to connect your own AI assistant or use a developer API.
Monarch, if
- You want to budget together with a partner today.
- You want to share your view with a financial advisor.
- You want goals built into your plan.
Moving from Monarch.
- 1Export your data from MonarchDownload your transactions from Monarch as a CSV file.
- 2Start your FinWise trialTry FinWise free for 14 days. A payment method is needed to start.
- 3Connect your accountsLink your banks so new transactions sync, or add accounts manually.
- 4Import your historyUpload your CSV file, then check how your categories have mapped across.
Common questions.
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