A common question we get asked, and with the upmost respect, “Is how safe is most financial related apps these days?” The answer is typical for most if not all of the apps we publish about. They are fairly safe. Most apps are backed by large budgets delegated to safety and privacy of financial records. AskTrim, the cable bill negotiating robot, for example, uses Plaid a company that specializes in the protection of transferring information from banks, credit cards, and other critical financial services.
Privacy and Safety of Money Based Apps
Let’s take a look at a few apps we talk about often, and we’ll tell you just how safe they are from a novice outsider perspective. (1 Being Unsafe and 10 Being Secure)
AskTrim – 9
While we love the app and what it does, which is help you negotiate cable bills and expenses, AskTrimis a very secure app that will keep you safe from potential hackers and such. Why did we deduct 1 point? Any time you give any information, whether that be email or other is subject to hacking, no matter how safe it is. Still, we recommend this service if you haven’t tried it yet. The slight risk here is worth it, as you’ll be saving money every single month! (Related app: BillShark)
Earny – 9
Like AskTrim, Earny operates securely with highly encrypted code, however, you will be giving away your email address. For that, we can deduct a single point off. The risk is small here again, and we recommend Earny as well. If you haven’t heard, Earny will send you money for every purchase you made that had a price drop…yeah we like this one! (Related app: Paribus)
DOSH – 8
We recommend DOSH for everyone who visits MoneyHax, but that doesn’t mean it has its faults. For the two-point deduction, we noticed that the app does NEED and email and Credit Card for it to be working functionally. Many people are hesitant to link their apps and cards together for a few reasons: cards are the direct relation to their wallet, and it’s asking to be a part of that. The risk is minimal with DOSH, and the reward is high. (Related apps: SPENT, Drop, Groupon, Yelp, Shop Your Way)
Overall: You Are Likely Safe
Have a concern about another Money Hacking app? Let us know below with a comment, and we’ll look into it! For the most part, you should NOT worry about your privacy. No, your information will not be sold to the Mexican Cartel, nor will any sort of hacker really care about cash back on dining. The apps we publish here are known to have increased security and privacy-related tasks. We wouldn’t publish it if we didn’t think it were safe!