EasyFin vs Monarch Money
Household budgeting that handles more than one currency
EasyFin is a Monarch Money alternative for households that hold money in more than one currency. Both track budgets, net worth and investment holdings with automatic bank sync and partner sharing. Monarch displays a generic currency symbol and does not convert between currencies; EasyFin converts every transaction at the rate on its own date. Monarch costs $99.99 a year with no free plan. EasyFin is $90 a year and has one.
Key takeaways
- Monarch does not convert currencies at all — its own help centre says a 1,000 JPY transaction displays as “$1,000”.
- Monarch has confirmed it has no near-term plans to expand currency support, so this is a stated position rather than a backlog item.
- Monarch is $99.99 a year with a 7-day trial that requires a card; EasyFin is $90 with a permanent free plan.
- For a single-currency household, Monarch is the deeper product — property valuation, forecasting and advisor access have no EasyFin equivalent.
What is Monarch Money?
Monarch is a subscription household finance app that grew quickly after Mint's shutdown, and it is the most complete dashboard of the apps compared here. It syncs across thousands of US and Canadian institutions, does category budgets with rollover, tracks investments at holdings level, values real estate through Zillow, and shares cleanly between partners. Its Plus tier adds forecasting and scenario planning. Pricing is $99.99 a year or $14.99 a month for Core, with a 7-day trial that requires a card up front, and there is no free tier. If your household banks entirely in one currency, Monarch is a strong choice and this comparison will not tell you otherwise. The constraint is currency, and it is a hard one.
Does Monarch Money support multiple currencies?
No, and Monarch's own documentation is unusually direct about it. The app displays a generic currency symbol, does not distinguish currencies internally, and performs no conversion — which means accounts in different currencies are added together as if their units were the same. A yen balance and a dollar balance sum arithmetically into a figure that means nothing. There is no workaround inside the product, because there is no per-account currency to set. Monarch has also stated it does not plan to change this in the near term, which makes it a design position rather than a missing feature that might arrive next quarter.
“the app does not differentiate between currencies behind the scenes and does not perform any currency conversion”
“A transaction of 1,000 JPY/Japanese Yen will appear as “$1,000” in Monarch.”
“Currently, Monarch does not have plans to expand currency support in the near future.”
What both apps do
- Automatic bank sync across thousands of institutions
- Category budgets with rollover
- Net worth history and cash flow
- Investment accounts with holdings-level tracking
- Partner and household sharing
- Automatic categorization with custom rules
Where they differ
| Feature | EasyFin | Monarch Money |
|---|---|---|
| Free plan | Yes | No |
| Multi-currency accounts | Yes | No |
| Historical FX per transaction | Yes | No |
| Voice transaction entry | Yes | No |
| Trial without a card | Yes | No — card required |
| Ukrainian bank coverage | Yes (Monobank) | No |
| Forecasting and scenarios | No | Yes, on Plus |
| Real estate valuation | No | Yes (Zillow) |
Multi-currency accounts
EasyFin gives each account the currency it is actually denominated in and converts into one preferred currency for the combined view. Monarch has no per-account currency field, so the question does not arise — balances are numbers with a symbol drawn on them. For a household with accounts on both sides of a border, this is the difference between a net worth figure and a sum of unlike quantities.
Historical exchange rates
EasyFin stores the exchange rate from each transaction's own date and reads it forever, so a report does not change months later because a currency moved. Monarch does not convert, so it cannot restate — but it also cannot produce the report in the first place. This row is only meaningful against apps that do convert, several of which convert at the current rate and quietly rewrite the past.
Free plan
Monarch has none, and its 7-day trial requires a card, which means an unattended trial becomes a $99.99 charge. EasyFin's 14-day Pro trial sits above a free plan that continues indefinitely at 3 accounts and 300 transactions a month, so the end of the trial is a downgrade rather than a cutoff.
Voice transaction entry
Monarch has no voice entry. EasyFin lets you speak a transaction and confirm the draft it produces, which is aimed at cash and split payments — the transactions bank sync never sees and that a shared household budget most often loses track of.
Forecasting and scenarios
Monarch's Plus tier forecasts balances forward and models scenarios; EasyFin does neither. If planning several years out is why you want the app, Monarch has a real answer at $199.99 a year and EasyFin has none. PocketSmith is stronger still on this specific axis.
Real estate valuation
Monarch values property through Zillow, updating automatically as estimates move. EasyFin has no property valuation — a home can be tracked as a manual asset with a figure you maintain yourself. For a household whose net worth is mostly a house, Monarch's automation is a genuine advantage.
Ukrainian bank coverage
EasyFin connects to Monobank through Monobank's own authorization, alongside Plaid coverage in the US and Canada. Monarch covers North America. This is narrow relevance — it matters if it matters to you — but it is the kind of coverage a US-first product has no reason to build.
How each app handles more than one currency
Monarch stores an amount and a symbol, with no currency attached and no conversion, so combining accounts denominated differently produces an arithmetic sum of unlike units. EasyFin attaches a currency to every account and every transaction. Conversion into your preferred currency uses the rate stored from the transaction's own date, and budgets freeze the rate at the moment spending is counted against them. The result is that a closed month stays closed: nothing in a past report moves because the euro did.
Price
| Monthly | $10 vs $14.99 |
|---|---|
| Annual | $90 vs $99.99 (Core) / $199.99 (Plus) |
| Free plan | EasyFin yes · Monarch no |
| Trial | EasyFin 14 days · Monarch 7 days, card required |
Monarch Money pricing verified against the vendor's own pricing page on . Prices in USD.
$90 against $99.99 a year is close enough that price is not the reason to choose between these two. The meaningful differences are the trial terms and the floor. Monarch's 7-day trial takes a card and converts automatically; EasyFin's 14-day trial sits above a free plan you fall back to rather than off. Against that, Monarch's Core tier buys a materially deeper dashboard for a single-currency household — property valuation, investment analysis, advisor access — and if none of your money crosses a border, that depth is worth the ten dollars.
Where Monarch Money is the better choice
Monarch is the more complete household dashboard if everything you own is in one currency. Its Zillow-backed property valuation, advisor access and Plus-tier forecasting have no EasyFin equivalent, and its investment analysis goes deeper than ours. For a US or Canadian household banking entirely in dollars, that depth is worth the higher price.
Moving from Monarch Money to EasyFin
- Export your transactions from Monarch. Monarch provides a CSV download of transactions and account balances from its settings.
- Install EasyFin and set your preferred currency — the one you want combined totals reported in.
- Recreate your accounts, and this time set the correct currency on each. This is the step Monarch had no field for, and it is what makes the imported history convertible.
- Import the CSV per account. Because Monarch exported unmarked amounts, check that each file lands against an account with the right currency before importing — a euro register imported into a dollar account will be converted wrongly.
- Connect banks through Plaid for ongoing sync, and Monobank directly for Ukrainian accounts.
- Rebuild budgets and leave rollover on. Monarch's rollover behaviour carries across; the difference is that spending in a foreign currency now consumes a converted amount that will not drift.
Frequently asked questions
- Does Monarch Money support multiple currencies?
- No. Monarch's help documentation states it displays a generic currency symbol, does not differentiate between currencies behind the scenes and does not perform conversion. Accounts in different currencies are added together as if they were the same one.
- Does Monarch Money have a free plan?
- No. Monarch offers a 7-day trial that requires a card up front, then converts to a paid subscription at $99.99 a year for Core.
- How much does Monarch Money cost compared to EasyFin?
- Monarch Core is $99.99 a year or $14.99 a month, with a 7-day trial that requires a card. Monarch Plus is $199.99 a year. EasyFin is $90 a year or $10 a month with a 14-day trial and a permanent free plan underneath it.
- Can Monarch Money track a foreign bank account?
- It can hold the account, but the balance is stored as an unmarked number. Monarch's help centre states it does not differentiate between currencies and performs no conversion, so a 1,000 JPY transaction displays as “$1,000” and combined totals add unlike currencies together.
- Is Monarch Money better than EasyFin?
- For a household banking entirely in one currency, often yes — Monarch has Zillow-backed property valuation, deeper investment analysis, advisor access and Plus-tier forecasting, none of which EasyFin offers. For any household holding money in more than one currency, Monarch has no mechanism at all.
- Can I import my Monarch data into EasyFin?
- Yes. Monarch exports transactions and balances as CSV. Because its export carries no currency marker, check that each file lands against an account with the right currency before importing — a euro register imported into a dollar account converts wrongly.
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