Budgeting
Monarch privacy rating
Subscription personal finance app that syncs bank and investment accounts to track spending, budgets, net worth and goals, with shared access for households.
Summary
Monarch scores 20 out of 100 (grade F) on the budgeting criteria. It partly meets no ads or data sales and independent audit. It does not meet open source and no trackers or telemetry. It is based in the United States: Five Eyes member; subject to the US CLOUD Act.
Score 20 out of 100. How scoring works
Criteria
- No
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No
No trackers or telemetry Weight 3 of 3
Are the website and apps free of third-party trackers, with any analytics anonymous and any telemetry off by default?
The Exodus report finds 10 trackers in the Android app, including Amplitude, Facebook Analytics, FullStory, Segment and Singular.
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Partial
No ads or data sales Weight 2 of 3
Is the product funded without advertising, ad targeting or selling user data?
Funded by subscriptions and says financial data is never sold, but the privacy policy says advertising partners receive device, IP and web analytics data for targeted advertising.
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Partial
Independent audit Weight 2 of 3
Has an independent security or privacy audit been published within the last three years?
States independent auditors verified its SOC 2 compliance, but the report is not public.