A budgeting app built for Canadian accounts
EasyFin connects to Canadian banks and handles Canadian and US dollar accounts as separate currencies rather than adding them together. Cross-border balances are common in Canada, and most budgeting apps either do not convert at all or convert at today's rate. EasyFin converts each transaction at the rate from its own date and shows the combined picture in the currency you choose. The free plan covers 3 accounts and 300 transactions a month.
Key takeaways
- Automatic bank sync is live in Canada through Plaid, covering the major institutions.
- CAD and USD accounts keep their own currencies and convert into one preferred currency for combined totals.
- Copilot, Empower and Rocket Money are US-only and not sold in the Canadian App Store.
- Monarch and Quicken Simplifi serve Canada but perform no conversion between CAD and USD.
Can I track CAD and USD accounts in one place?
Yes. A Canadian chequing account and a US dollar account sit in the same view without their balances being added together as if a dollar were a dollar. Each keeps its own currency; the combined total converts into whichever you set as preferred, using the exchange rate stored for each transaction's own date. Quicken Simplifi, which does serve Canada, holds both without converting between them, so its combined figure adds unlike currencies. Monarch has no per-account currency at all.
Which budgeting apps work in Canada?
EasyFin, Monarch Money, Quicken Simplifi, YNAB, PocketSmith, Toshl and Lunch Money all serve Canada. Copilot Money, Empower and Rocket Money are US-only and are not sold in the Canadian App Store. Of those available in Canada, only EasyFin, PocketSmith, Toshl and Lunch Money convert between currencies at all. That leaves Canadians holding cross-border accounts choosing between an app that will not take their bank and one that will not do the arithmetic.
How does EasyFin handle the CAD/USD exchange rate?
The rate for a transaction's own date is stored with the transaction and read forever. A US dollar purchase made last March is still valued at last March's rate today, so a report you ran then shows the same totals now. Budgets go further and freeze the rate at the moment spending is counted against them, so a month you already closed cannot reopen because the loonie moved.
Frequently asked questions
- Which budgeting apps work in Canada?
- EasyFin, Monarch Money, Quicken Simplifi, YNAB, PocketSmith, Toshl and Lunch Money all serve Canada. Copilot Money, Empower and Rocket Money are US-only. Of those available in Canada, only EasyFin, PocketSmith, Toshl and Lunch Money convert between currencies.
- Can I connect my Canadian bank to EasyFin?
- Yes. Canadian institutions connect through Plaid, which covers the major banks. Automatic sync is on the Pro plan; the free plan supports manual entry and spreadsheet import.
- Can I track CAD and USD accounts together?
- Yes. Each account keeps its own currency and combined totals convert into your preferred currency at each transaction's historical rate. Monarch and Simplifi serve Canada but do not convert between currencies.
Other countries
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Three accounts and 300 transactions a month, free forever. No card required.
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