Splitwise VS Dave

Compare Splitwise VS Dave and see what are their differences

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Private expense tracker: upload CSV/Excel bank statements, no bank sync. featured

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Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!

Dave

Dave: Outsmart Overdrafts is an all-in-one finance mobile application that helps you to manage your complete budget, pay the bill, and send money, etc.

Landing page //
2023-01-23

Landing page //
2023-08-27

Splitwise features and specs

User-Friendly Interface
Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
Multi-Platform Availability
Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
Expense Tracking
The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
Flexible Split Options
Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
Currency Conversion
Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
Bill Reminders
The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
Integration with Payment Platforms
Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages of Splitwise

Privacy Concerns
Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
Subscription-Based Features
Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
Manual Entry Requirement
Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
Limited Automatic Reconciliation
While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
Dependency on Group Honesty
The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
Potential for Confusion
The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Dave features and specs

No Overdraft Fees
Dave does not charge overdraft fees, which can save users money when their account balance falls below zero.
Budgeting Tools
The platform provides users with tools to help track spending and manage budgets, promoting better financial habits.
Advance Paycheck Option
Dave allows users to access a portion of their paycheck before payday, providing a financial cushion during emergencies.
Low Monthly Fee
Dave charges a relatively low monthly membership fee compared to traditional bank fees, making it accessible to many users.
No Credit Check
Users can access Dave’s services without a credit check, making it available to users with low or limited credit history.

Possible disadvantages of Dave

Limited Banking Services
Dave offers fewer banking services compared to traditional banks, which might not meet all users' needs.
Monthly Membership Fee
Although low, the monthly fee may not appeal to all users, particularly those who can find free alternatives.
Advance Fee Options
While accessing paycheck advances can be convenient, optional fees associated with faster transfers might add up for some users.
Dependence on External Accounts
Dave requires linking to an existing bank account, which can be a barrier for users who prefer standalone financial solutions.
Limited Customer Support
Some users may find the customer support options limited compared to larger financial institutions.

Analysis of Splitwise

Overall verdict

Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
Supports multiple currencies, which is great for international travel groups.
Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

Roommates who need to regularly split household bills and expenses.
Groups of friends or families who often travel together and need to manage shared travel costs.
Colleagues or classmates working on projects or events that require shared funding.
Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

Dave videos

+ Add

Lil Dicky's Show Made Me Angry | "DAVE" REVIEW

Category Popularity

0-100% (relative to Splitwise and Dave)

Dave

Personal Finance

100 100%

Personal Finance

0% 0

Finance

79 79%

Finance

21% 21

Expense Tracking

100 100%

Expense Tracking

0% 0

Food Delivery

0 0%

Food Delivery

100% 100

User comments

Share your experience with using Splitwise and Dave. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare Splitwise and Dave

Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...

Source: www.mobileappdaily.com

6 Best Bill Splitting Apps for Hassle-Free Expense Sharing

Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.

Source: www.how2shout.com

Best Bill-Splitting Apps

For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once you’ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...

Source: www.thebalancemoney.com

7 Best Budgeting Tools and Apps for Personal Finance

This one’s not a complete budgeting app but it’s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...

Source: www.softwaresuggest.com

Dave Reviews

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Social recommendations and mentions

Based on our record, Dave seems to be more popular. It has been mentiond 4 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

Dave mentions (4)

I hate that I can’t even afford to exist
Have you considered a no fee bank like Dave. I know it sounds strange, but they have no fees. No overdraft fees ever. Source: over 3 years ago
UX job interviews are problematic and inaccessible
I wouldn't say they're all from the bay area (although some definitely are). A few off the top of my head that I'd spoken to / interviewed with - Figure, Dave, Discord, Box and Reddit were all in that range, give or take a bit. Source: about 4 years ago
I have not been this down in a while
Once your account is back in the green you should sign up for a service like Dave https://dave.com/. They will give you a short term loan until pay day for no interest. They also won’t charge you a few unless you choose instant transfers. Source: almost 5 years ago
Advice needed 🙏 . Ways to help grandma's month-to-month finances?
In the immediate short-term, I was thinking of switching her banking over to Dave Banking (https://dave.com) because it allows automatic budgeting for bills, so that she can't spend away the money in her checking that she needs to pay her bills. And that way her available balance is the money she can "consequence-free" spend. I don't want to have the rights to manage her money for her because she has all sorts of... Source: almost 5 years ago